Welcome to Oil Club

Welcome to Oil Club

The first rule of Oil Club is that supply balances price and demand. The second rule of Oil Club is that SUPPLY balances price and demand! The third rule of Oil Club is that if someone pumps above their quota, we increase supply. In the olden days—as far back as...
The Yellow Speech  or the Green Speech?

The Yellow Speech or the Green Speech?

In the seminal Danish movie The Celebration (1998), a family and guests are gathered for the 60th birthday of the patriarch, Helge. Christian, the oldest son, gives Helge the choice between the yellow and the green speech. Helge chooses the green one, which turns out...
Dunkelflaute

Dunkelflaute

This is by far one of my favorite German words. The direct translation is dark doldrums, and if that doesn’t say everything there is to say, I don’t know what does. Dunkelflaute’s more modern meaning is a period of time, often several days, with little or no sunlight...
Show Your Work

Show Your Work

It is common practice in both middle school and stress testing for the teacher/regulator to require you to show all the intermediate steps you went through to get to the final result. On the student and bank side, this scrutiny is often construed as unnecessary,...