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Changing behavior of crude oil futures prices

Econbrowser, 21 September 2011

I've just finished a new research paper with my former student (and now University of Chicago Professor) Cynthia Wu. In our new paper, we study how increased purchases of crude oil futures contracts by financial investors may have affected the prices on those contracts.

More thoughts on peak oil

Econbrowser, 20 September 2011

In Saturday's Wall Street Journal, Daniel Yergin, chairman of IHS Cambridge Energy Research Associates, gave his explanation of what's wrong with peak oil. Here's why I don't find his analysis altogether convincing.

Peak Oil: Laherr鳥 responds to Yergin

ClubOrlov, 24 September 2011

Jean Laherrère, co-founder of the Association for the Study of Peak Oil is a
retired expert from Total. He picks apart the latest analysis from the champion
of optimists, the American Daniel Yergin.

The end of motoring

The Guardian, 25 September 2011

Parle can't drive. "I did try to learn," says the 24-year-old, Birmingham-born cafe owner, "but I failed my test a few times." Then she moved to London, where running a car can be a nightmare. Instead she cycles everywhere. "It's cheap, keeps me fit, and is of course better for the environment." Parle is by no means atypical. In Britain, the percentage of 17- to 20-year-olds with driving licences fell from 48%

Oil Eraӳ Twilight Drives Depression, Debt Crisis, Rifkin Says

Bloomberg, 24 September 2011

The world economy will face shocks and depressions, punctuated by ever-shorter and weaker recoveries, as long as it relies on outdated fossil fuels, says Jeremy Rifkin, author of “The Third Industrial Revolution.”

Russia paints Ҏo TrespassingҠsign in the Arctic

NewEurope, 24 September 2011

As global warming intensifies the race to lay claim to the Arctic and its massive oil and gas reserves, Russia vowed to increase its military presence in the region, telling NATO to stay out. "Our northern border used to be closed because of ice and a severe climate," Interfax quoted Anton Vasilev, a special ambassador for Russia's Foreign Ministry, as saying. "But as the ice is going away we cannot leave 20,000 kilometres unwatche

Mr. Yergin Is Too Optimistic About the Availability of Oil

Wall St Journal, 24 September 2011

The "peak oil" debate ("There
Will Be Oil"
by Daniel Yergin, Review, Sept. 17) is largely irrelevant
because the U.S. imports 60% of its oil and is transferring its wealth overseas
at a rapid and accelerating rate. The real question is: Will world-wide oil
production keep up with world-wide


4601. Hon Ken Travers to the Minister for Finance representing the Minister for Transport

(1) How many complaints or reports did the Public Transport Authority (PTA) receive about

LAN’s TAM takeover to create world’s second largest airline

Sydney Morning Herald, 22 September 2011

Chile's antitrust tribunal yesterday approved LAN Airlines' multibillion-dollar takeover of Brazilian carrier TAM with conditions, paving the way for the creation of one of the world's biggest airlines. Antitrust tribunal TDLC said the merged airline must comply with a host of mitigation measures, including ceding slots on the key Santiago to Sao Paulo route and renouncing participation in one of two global alliances.

Sydney too must go up to go green

Sydney Morning Herald, 21 September 2011

As a denizen of the inner city, I love getting away to the countryside. Away from the tar and cement and exhaust fumes to the trees and grass and clean air. In the country or on the coast you feel closer to nature, leading a simpler, cleaner life, doing less damage to the environment. I always feel that, being more natural, trees and grass are good for the spirit. So it comes as a bit of a shock to read in Triumph of the City, the la