First, we have to understand some of the history and makeup of the commodity. In North America, from time immemorial, the Indians in the Western Allegheny area had skimmed oil seepage off the surface of the water and used it as a medicine. The settlers called it ‘Seneca oil’ after the local tribe and used… Continue reading The Global Implications of Oil Price Renormalization (Part 1)
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Retailing “Yankee Notions”
Every inhabited part of the United States is visited by these men. I have seen them on the peninsula of Cape Cod and in the Neighborhood of Lake Erie, distant from each other more than six hundred miles. They make their way to Detroit, four hundred miles farther, to Canada, to Kentucky, and, if I… Continue reading Retailing “Yankee Notions”
Old Professor by the Sea 