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Top five gasoline consuming states, 2015
StateMillion barrels/dayMillion gallons/dayShare of total U.S. consumptionCalifornia0.9339.1411%Texas0.9037.7910%Florida0.4920.526%New York0.3615.034%Illinois0.3113.054%
Source: U.S. Energy Information Administration, Petroleum and Other Liquids-Prime Supplier Sales Volumes, as of November 17, 2016
Texas is a ( Read more... )

Here's what Robert Shiller wrote a month ago about the recent stock market gains:
In the US, two illusions have been important recently in financial markets. One is the carefully nurtured perception that President-elect Donald Trump is a business genius who can apply his deal-making skills to make America great again ( Read more... )

https://en.wikipedia.org/wiki/One_Belt,_One_Road
He [the Prime Minister of Singapore] added that both countries were also discussing new areas of cooperation, such a how Singapore can support China's One Belt One Road initiative ( Read more... )

Skinny jeans are out. Defiance is in!


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The Straits Times (Singapore) runs a front-page article on President Xi's speech in Davos.
"Ready or not, China has become the de facto world leader seeking to maintain an open global economy and battle climate change," the official China Daily said in a commentary on Friday (Jan 13).
Overall, Trump is now perceived as a threat to economic growth ( Read more... )

The Economist has a good article on long-term employment trends in manufacturing.
Essentially, the business model invented in England back in the 17th century has run its course.

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Arguably, ageing population doesn't necessarily make the world wiser, but it definitely makes it less open to new experiences.


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