Archive for September, 2011

More on Peak Oil

Monday, September 26th, 2011

Daniel Yergin has an article in the Wall Street Journal that explains peak oil from the point of view of the naysayers, of which I am one:  http://online.wsj.com/article/SB10001424053111904060604576572552998674340.html. I believe I have made my position clear in previous blog posts, so there is no point in belaboring the issue. The article is well worth the time of anyone who is interested in the subject. Even if you disagree with Yergin’s argument, there is some worthwhile history and coverage of M. King Hubbert, the Shell Oil geologist whose “Hubbert’s Peak,” will always be associated with the concept of peak oil.

HEK

http://econpolicy.com

 


 

Keystone Pipeline Article

Monday, September 26th, 2011

Don’t you just hate it when your opinion is right in the middle of two opposing forces?  That means neither side will hire you to advance their cause. Such is the case with the Keystone Pipeline: http://www.washingtonpost.com/politics/keystone-pipeline-opponents-pin-hopes-on-nebraska/2011/09/25/gIQAh6qaxK_story.html?hpid=z11. We need the oil, we need the jobs, but we don’t need to put 3rd parties out of business to get the resources, and there is a farmer or three relying upon that water. So maybe going around the Ogallala Aquifer would be the best plan. Or finding a new method of laying the pipe such that inevitable leaks don’t damage the aquifer. Or even building a new refinery, but the products from it would need to be transported at some point… most likely by pipeline.

HEK

http://econpolicy.com

FTC Staff Report on Gasoline Prices

Saturday, September 3rd, 2011

Interesting opinion on asymmetric price pass through; i.e., why prices at the pump rise faster when crude prices are increasing then fall more slowly when crude prices decline:  http://www.ftc.gov/os/2011/09/110901gasolinepricereport.pdf.

HEK

http://econpolicy.com