Spiking oil prices over the past decade weren’t just bad for motorists’ wallets. It turns out they were bad for America’s too. More »
My major point when I gave my talk at the Fifth Biophysical Economics Conference at the University of Vermont was that our economy’s overall energy return on investment is already too low to maintain the economic system we are accustomed to. That is … More »
In a Q&A with the Houston Chronicle, experts say a shortage of skilled workers is the biggest impediment to Houston’s energy-driven economic expansion. More »
This is a guest post by James Hamilton, Professor of Economics at the University of California, well known for work on the relationship between oil prices and economic growth. The article originally appeared on his blog EconBrowser.
As U.S. retail gas… More »
The International Monetary Fund (IMF) recently issued a new working paper called “The Future of Oil: Geology versus Technology” (free PDF), which should be of interest to people who are following “peak oil” issues. This is a research paper that is being published to elicit comments and debate; it does not necessarily represent IMF views or policy.
The paper considers two different approaches for modeling future oil supply:
- The economic/technological approach, used by the US Energy Information Administration (EIA) and others, and
- The geological view, used in peak oil forecasts, such as forecasts made by Colin ...
This is a guest post by Tobias Rasmussen, Senior Economist, Middle East and Central Asia Department, IMF, and Agustin Roitman, Economist, IMF. This post originally appeared on the VoxEU.org website here.
Recent developments in oil markets and the global economy have, once again, triggered concerns about the impact of oil price shocks around the world. This column wonders whether the fuss is really necessary. It presents evidence of relatively small negative effects of oil price increases.
Increases in international oil prices over the past couple years, explained partly by strong growth in large emerging and developing economies, have raised ... More »
The post below shares Nate Hagen’s timeless address to President Obama about the importance of energy in our society, written in January 2009. It goes into how energy ties into our economic system, the importance of energy quality, and discusses policy… More »
Oil prices are down sharply on worries the economy could slow further. More »