Sunday Morning Oil Blogging

From Wednesday morning’s Financial Times, an example of what happens when the price of oil drops. It’s Saudi Arabia, reviewing the capital investment it was planning back in the olden days, when oil was expensive: Mr Buraik said he expects other countries to conduct their own reviews in the wake of changing dynamics. “People would …

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Sunday Morning Beer Blogging

I realize that serious economics commentators do their beer blogging on Fridays, but I just got ’round to reading this in Friday’s Financial Times: Cold, refreshing, helps you forget – the charms of beer are pretty recession-proof. However, what was a lifestyle choice when consumers were flush with cash rapidly becomes an overpriced foreign beer …

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Legislative Failings and New Mexico Water Wars

The New Mexico legislature has repeatedly failed to grapple with the problem of who owns deep brackish groundwater, and how its use will be regulated. My colleague Sean Olson has a story in this morning’s Albuquerque Journal that illustrates the mess that has resulted, as folks with development interests elbow one another out of the …

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Energy Subsidies

An interesting new working paper by Hall et al. looks at the role of energy subsidies in the developing world as a problem – and potential solution – in dealing with climate change: Many non-OECD countries currently subsidize energy, and particularly fossil fuels, thereby creating an opportunity for subsidy reform or elimination that would have …

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