Economics for One

Archive for August, 2009

Recent Bank Failures

Here is a list of the banks that have failed so far this year. Read more…

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Upstream, Downstream

Energy companies can often make a great investment. So it’s worth taking a moment to understand how these companies operate.

The energy business (more specifically the oil industry) can be split into two main areas: Upstream and Downstream. The Upstream business acquires “crude” oil (the raw material removed from the ground), while the Downstream business takes the crude oil and “refines” it, turning it into a finished product that end users want to purchase, and sells it to them. Read more…

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