Wednesday , March 20 2019
Home / Mosler Economics / MMT on CNBC, Oil sale, Growth forecast

MMT on CNBC, Oil sale, Growth forecast

Summary:
Well done Professor Kelton! Stephanie Kelton explains Modern Monetary Theory This is particularly ridiculous: U.S. offers up to 6 million barrels of oil from emergency reserve (Reuters) The U.S. Energy Department said on Thursday it is offering up to six million barrels of sweet crude oil from the national emergency reserve in a sale mandated by a previous law to raise funds to modernize the facility. A law U.S. President Donald Trump signed last year requires the department to hold sales to fund 0 million improvements including work on shipping terminals to the Strategic Petroleum Reserve, or SPR, which is held in caverns on the coast of Texas and Louisiana. Previous laws have also mandated sales from the reserve, which currently holds more than 649 million barrels.

Topics:
WARREN MOSLER considers the following as important:

This could be interesting, too:

WARREN MOSLER writes US manufacturing, and growth forecasts, LA port traffic, Japan trade

WARREN MOSLER writes Roreign direct investment, Construction spending, Durable goods orders, New home sales

WARREN MOSLER writes Small business index, BOJ on trade, China, Atlanta Fed

WARREN MOSLER writes Retail sales, Non financial corporate and federal debt

Well done Professor Kelton!

Stephanie Kelton explains Modern Monetary Theory

This is particularly ridiculous:

U.S. offers up to 6 million barrels of oil from emergency reserve

(Reuters) The U.S. Energy Department said on Thursday it is offering up to six million barrels of sweet crude oil from the national emergency reserve in a sale mandated by a previous law to raise funds to modernize the facility. A law U.S. President Donald Trump signed last year requires the department to hold sales to fund $300 million improvements including work on shipping terminals to the Strategic Petroleum Reserve, or SPR, which is held in caverns on the coast of Texas and Louisiana. Previous laws have also mandated sales from the reserve, which currently holds more than 649 million barrels.

MMT on CNBC, Oil sale, Growth forecast

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

Leave a Reply

Your email address will not be published. Required fields are marked *