Industrialized Cyclist Notepad

the Diesel Exhaust Lung Cancer Study

This case–control study nested within a cohort of miners showed
a strong and consistent relation between quantitative exposure to diesel exhaust and increased risk of dying of lung cancer. To our knowledge, this is the first report of a statistically significant exposure–response relationship for diesel exposure and lung cancer based on quantitative estimates of historical diesel exposure with adjustment for smoking and other potential confounders.

Senator Schumer wants Saudi Arabia to talk down oil prices

But Senator — to what degree will desperate-sounding ‘comments’ from US officials like yourself counteract those hypothetical emphatic promises? Seems like Shoom is scrambling for relevance.

Schumer called on Saudi Arabia to repeat its intention to make up for supply losses, arguing the comments will drive down gas prices, which are tethered to global oil prices.

“If the markets believe this is real, the price will come down even further. So we are asking the Saudis to repeat this promise,” Schumer said.

“The more explicit they are, the more emphatic they are, the more they ensure the markets that they are for real here,” he continued, “the more the markets will calm down more permanently and the more the price will come down.”

via Schumer: Saudi Arabia's plan to increase oil supply will lower gas prices – The Hill's E2-Wire.

The Casey Neistat bike thief experiment
March 15, 2012, 18:51
Filed under: Uncategorized | Tags: , , , ,

I recently spent a couple of days conducting a bike theft experiment, which I first tried with my brother Van in 2005.  I locked my own bike up and then proceeded to steal it, using brazen means — like a giant crowbar — in audacious locations, including directly in front of a police station. I wanted to find out whether onlookers or the cops would intervene.  What you see here in my film are the results.

via ‘Bike Thief’ –

The Role of Speculation in Oil Markets

What have we learned so far?

A paper by Fatthouh, Kilian and Mahadeva (pdf)

Abstract: A popular view is that the surge in the price of oil during 2003-08 cannot be explained by economic fundamentals, but was caused by the increased financialization of oil futures markets, which in turn allowed speculation to become a major determinant of the spot price of oil. This interpretation has been driving policy efforts to regulate oil futures markets. This survey reviews the evidence supporting this view. We identify six strands in the literature corresponding to different empirical methodologies and discuss to what extent each approach sheds light on the role of speculation. We find that the existing evidence is not supportive of an important role of speculation in driving the spot price of oil after 2003. Instead, there is strong evidence that the co-movement between spot and futures prices reflects common economic fundamentals rather than the financialization of oil futures markets.