Industrialized Cyclist Notepad


Drilling Rigs in the U.S.

via Stuart Staniford’s Early Warning:

http://earlywarn.blogspot.com/2012/03/us-rig-count-trends.html



James Hamilton: A rational reason for high oil prices

“There is no rational reason for high oil prices,” writes Ali Naimi, Saudi Arabian Minister of Petroleum and Mineral Resources, in today’s Financial Times. Well, I can think of one– if oil prices were lower, the world would want to consume more than is currently being produced.

via Econbrowser: A rational reason for high oil prices.