Share the View: OPEC Versus Frackers

Share The View

THE LATEST OPINIONS FROM BLOOMBERG VIEW

JANUARY 10, 2015 bloombergview.com

OIL Justin Fox: "Whenever anybody struck oil in the U.S. in the late 19th century, Standard Oil's pipeline guys showed up within a few days and offered to hook the new well up to the network. ... This is what OPEC's members are still trying to do, with Ali Al-Naimi, Saudi Arabia's longtime minister of petroleum and mineral resources, doing his best to play the part of Rockefeller." Read more... U.S. ECONOMY Mohamed A. El-Erian: The decline of wage growth was the most puzzling aspect of Friday's otherwise strong U.S. jobs report. "Based on the entirety of recent macroeconomic data, this is more likely to be a short-term blip than a harbinger of damaging deflation. But it does point to stubborn and deep-rooted challenges that still confront the U.S. economy." Read more... Megan McArdle: "After six years of grousing about mediocre jobs reports, we're finally in a solid stretch of decent employment growth." Rather than look at the details of Friday's job report, "let's think about one thing this suggests: that the U.S. economy is still very dependent on the price of fossil fuels." Read more... POLITICS Francis Wilkinson: "Senator James Inhofe denies the importance of climate change. But personal experience informs him that turtles are hugely significant." Read more... Ramesh Ponnuru: "Tax reformers' hope springs eternal, but don't bet on a big tax deal in 2015 or 2016. Don't bet on a medium-sized one either."Read more... LAW Noah Feldman: "Is New York state's ban on 'tiger selfies' the goofiest law of the year? ... The practical question -- at least if you're a New York stud who wants a tiger selfie for your Tinder photo -- is whether the law is constitutional." Read more... SPORTS Kavitha Davidson: The NFL's so-called "independent investigation" into its handling of the Ray Rice domestic violence case "was so utterly uncritical and unenlightening that there was no reason for Commission Roger Goodell to bury it in the Friday 'news dump.'" Read more... LATIN AMERICA @MacMargolis (Mac Margolis): Cosmetic remakes turned Brazilian belle into national icon then nearly killed her. A cautionary tale in nips and tucks: Read more...