Where are the economists?

It is clear that the current generation will have to adapt to an oil-constrained world. Wouldn’t you expect to see the best and brightest of the economics profession analyzing, passionately arguing, advising national governments and international organizations, never letting the sense of urgency recede from public consciousness?

Oil prices & supplies – Apr 23

Crude tops $119; Saudi Arabia pledges $90 billion to lift supply
Ineos refinery strike could shut-in 700,000 bpd of North Sea crude oil – BP
Producers, consumers lock horns over prices
Why oil could hit $180 a barrel

Big issue is investment, not reserves-Naimi

Peak oil – Apr 23

WSJ: Saudis face hurdle in new oil drilling
Peak Oil? Saudis squeeze the stone even harder
Naimi: Unqualified experts create fear in market
Shell’s chief strategist says 2015
Peak oil crisis interview
Krugman struggles with Limits to Growth

The 2020 Summit – will Rudd’s children forgive him?

If Rudd believes that the Summit succeeded in identifying the greatest and most immediate threat to Australia’s future – and provided him with ideas for response – then he is just plain wrong. Distressingly, there are strong hints that the summit topics – and the people who discussed them – were chosen with the aim of avoiding the contentious issues and, in particular, peak oil.