A big challenge for Mexico and the rest of us.
Category Archives: energy
New study of the determinants of oil prices
Professor Lutz Kilian of the University of Michigan has an interesting new paper on the historical determinants of crude oil prices.
More speculation about Saudi Arabia
The Oil Drum has been featuring some very interesting speculation as to the meaning of the
ongoing drop in Saudi Arabian oil production.
Caribbean ethanol imports
What happens when you mandate use of ethanol and heavily tax its importation?
CAFE standards
Featuring prominently in the new energy plan from President Bush is a call for changes in the corporate average fuel efficiency (CAFE) standards that the Administration claims could reduce U.S. gasoline consumption by 5% over the next 10 years. Here are some of the reasons I’m not thrilled by that suggestion.
Saudi oil production cuts
This is a potentially huge story that is not being adequately investigated by the financial press.
Ethanol subsidies
Why do Americans love their ethanol so much?
Cantarell in decline
Production from Mexico’s Cantarell oil field is falling quickly.
Macroeconomic Implications of War with Iran
Or, “Oceania has always been at war with Eastasia”. The speculation regarding imminent military action rises. What are the fiscal implications of a large scale missile campaign? What would be the repercussions of likely Iranian responses (including closing off the Straits of Hormuz)?
What’s bringing oil prices down?
Darn hard to talk about this without bringing in the speculators.