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.
