There is some concern right now that because of the potential imminent collapse of the Libyan government, the country may have to temporarily shut down oil production. This would be a major issue, because Libya is currently the world’s 11th…
There is some concern right now that because of the potential imminent collapse of the Libyan government, the country may have to temporarily shut down oil production. This would be a major issue, because Libya is currently the world’s 11th…
Last week, Wikileaks released four diplomatic cables which had been sent from the US embassy and consulates in Saudi Arabia to the U.S. Department of State. The main headline from these cables was the fact that the US government privately…
I gave this presentation to my energy economics class at Cornell last week. In the presentation I describe how the supply and demand of the world oil industry have changed recently and use this analysis to argue that we will…