Will oil boil again
Just a link to my article in the Business Standard today
Main point is:
swings in crude oil prices will continue, as they are reflective of a market for exhaustible resources, a market which is near capacity and under stress. However, with such oscillations, there are no clear signals for investment in technology change, nor do they induce a search for alternatives to reduce dependence on fossil fuels. This compounds the problem in the long run. This is why a fall in the oil price should not lull people into complacency. This is why understanding crude oil prices is important.
P.S. It seems trivial to talk of anything at all at this point in time when the terror in Mumbai is still to draw to a close. There are no words to describe the shock, we live in a fragile world and we can only offer a salute to the Mumbai Police, NSG, Army, Navy, Mumbai Fire Brigade, Taj and Oberoil Hotel staff..and to all those who were caught in the gun attacks.
Last 5 posts by Sumita Kale
- Walk the talk with Steve Keen - February 26th, 2010
- Elinor Ostrom and Economics - October 13th, 2009
- Garbage - September 10th, 2009
- Energy and risk - August 27th, 2009
- Any defence for the dismal science? - August 19th, 2009
November 28th, 2008 at 10:30 am
Hello.
I would like to put a link to your site on my blog roll if you want to do the same for mine. It would be a good way to build up both of our readerships.
thank you.
December 2nd, 2008 at 10:06 am
Sure, Stacey, thanks
Sumita