Relevant and even prescient commentary on news, politics and the economy.

The oil industry is undergoing a major structural change.

Lifted from comments from this post US to be leading producer of oil is Spencer England’s comment about structural change in the oil markets. Obvious to some but bears repeating for a lot of us, as we discuss environmental issues or gasoline prices in the media more than structural economic impacts: Spencer says: The development […]

US to be leading producer of oil?? What does that mean?

Lifted from a note on energy from Reader rjs comes a link filled narrative on oil and production issues for oil.  He deals with one aspect of drilling for “energy independence”. From reader rjs: Saudi America? The release of this year’s edition of the World Energy Outlook from the IEA (International Energy Agency) received quite a bit […]

Energy independence and a national fleet of hot air baloons

Via Economist’s View on reducing oil imports and energy independence for the US is reader Min’s proposal, which I have unabashedly stolen: For forty years politicians have been promising energy independence for the US. Forget it. It is not going to happen, at least not any time soon. Our best bet is to cut back […]