Friday, August 31, 2012

31/8/2012: James Hamilton on oil prices


An insightful (as always) and economically significant points raised in this interview (via OilPrice.com) by Prof. James Hamilton (UCSD and Econbrowser) on oil prices and demand/supply drivers:

  • Why we shouldn't get too excited with the shale revolution
  • The "Real" cause of high oil prices
  • The incredible opportunity presented by natural gas
  • Why long term oil prices will creep upwards
  • The geopolitical hotspots that could cause an oil price spike
  • Why sanctions could cause Iran to lash out
  • Why speculators and oil companies are not to blame for high oil prices.
  • Changes we can expect to see under a Romney Administration
  • Why Short term oil price forecasts are worthless
  • Peak oil & Daniel Yergin 
Certainly a worthy read.
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