Politics & economics – May 6

Step forward for Iranian Bourse; analysts skeptical /
Chávez plays oil card in Nicaragua /
Why a gas tax is good for you (energy economist Verleger) /
The fix for high gas prices that Congress won’t touch /
Why you should worry about Big Oil

MIT steps into the ring

This report describes a response by MIT to the need for new global supplies of affordable,
sustainable energy to power the world. The need for workable energy options is perhaps
the greatest single challenge facing our nation and the world in the 21st century. The
acuteness of the challenge at this point in time results from the “perfect storm” of supply
and demand, security, and environmental concerns. (revised)

The energy wars

The rise of a new global energy elite means high oil and gas prices are here to stay. … “Welcome to the age of energy insecurity,” says J. Robinson West, a former Reagan administration official… “Worldwide production will peak. The result will be skyrocketing prices, with a huge, sustained economic shock.” (excerpts from this excellent article)