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I'm back - and, as you can see from the time of posting, jet-lagged up the wazoo. Also, now I have to deal with matters parental, which means very limited blogging for a while. But I did want to say something about President Obama's new climate initiative - which has, by the way, received weirdly little coverage.

This article by CNN is an interesting one that focuses particularly how oil prices will hit 55 Dollars after the 100 dollars of price levels in September. The article is an interesting approach to AD/AS balance and how this conflict will be likely to resolve.

CALGARY, ALBERTA, Mar 02, 2015 (Marketwired via COMTEX) -- TransCanada Corporation (TRP) (TransCanada) today announced that it has completed its public offering of cumulative redeemable first preferred shares, series 11 (the "Series 11 Preferred Shares"). TransCanada issued 10 million Series 11 Preferred Shares for aggregate gross proceeds of $250 million through a syndicate of underwriters co-led by Scotiabank and RBC Capital Markets.

THE oil price has fallen by more than 40% since June, when it was $115 a barrel. It is now below $70. Discusses how prices, business confidence and investment can affect the AD/AS curves for Oil