Lately, I am seeing a lot of “lies, damn lies, and statistics” floating around about everything from coronavirus, to the markets, to police brutality. It’s a good reminder that most Americans do not live in datasets like I do. Most are unaccustomed to finding denominator blindness, cherry-picked data, and the misuse of averages. Luckily, there’s…
Macro/Econ
American Energy
The U.S. is now the largest single country producer of crude oil, surpassing Russia and Saudi Arabia earlier this year. Technological advances in horizontal drilling fueled a boom in the West Texas Permian basin and other tight rock formations. In Pennsylvania, Ohio, and West Virginia, the Marcellus-Utica shale formation houses an estimated 84 trillion cubic…
