Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary “reading list” which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for “reading list” items are gratefully reviewed, although sometimes space limits the number included.
- Inside OPEC room, Naimi declares price war on U.S. shale oil (Alex Lawler, Amena Bakr and Dimitry Zhdannikov, Reuters) IT’S WAR!!!! The U.S. has the financial resources to win the war but will a dysfunctional government chose to fight? This is an opportunity for Obama, and opportunity for a new Republican majority Congress but neither may have the resolve to pursue victory – particularly if it would appear to involve any compromise. More on oil ‘behind the wall’.
- Energy shares plummet in quiet session, retailers up (Ryan Vlastelica, Reuters) U.S. energy shares saw heavy pressure on Friday as crude oil tumbled to a multi-year low. The broader indexes were up, led by retail stocks, which are expected to benefit if consumers use energy savings for increased seasonal spending for Christmas. Details for the weekly wrap-up are available from Investing.com at GEI Investing.
- CNN Poll: Majority of Americans say things are going well (Alexandra Jaffe, CNN) Hat tip to Alun Hill. For the first time in almost 8 years more than half of Americans think things are going well in the U.S. A new CNN/ORC International poll found 52% of Americans said things are going well but less than than that (1/3) say the economy is improving while a higher number (41%) say the economy has stabilized. Men are more positive than are women and the East and Midwest are more positive than the South and West.
- Articles about events, conflicts and disease around the world
In Ferguson, Officer Defused Eruptions as Crowds Grew Tense (The New York Times)
Despite Aid Push, Ebola Is Raging in Sierra Leone (The New York Times)
French Lawmakers Debate Recognizing a Palestinian State (The New York Times)
In Afghanistan, War Now Knows No Season (The New York Times)
As Mexican Border Town Tries to Move On, Some Are Stuck in Limbo (The New York Times)
There are 12 articles discussed today ‘behind the wall’. Much oif the discussion is about the near-term and long-term prospects for crude oil.
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