The Oil Drum

Stories tagged with Economy

What would $120 oil mean for the global economy?

Posted by Chris Vernon on May 11, 2008 - 7:15pm in The Oil Drum: Europe
Topic: Economics/Finance
Tags: cera, Economy, oil prices, recession, wescott [list all tags]

The pdf is a short report written by Robert F. Wescott and published in April 2006 by Securing America’s Future Energy. It was written when oil was ~$60 a barrel and addressed a scenario where the price of oil surged to $120 due to coordinated terrorist attacks on global oil transport infrastructure. Well, here we are, two years on at $120 oil (without the attacks) so it’s worth revisiting the analysis in light of the conclusion:

The main conclusion of this note is that $120 oil would have profound negative effects on the world economy and global financial markets.
...
Such oil prices would almost certainly precipitate a global recession.

Click to download pdf

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Riding On The Back Of A Coal Truck

Posted by Big Gav on April 23, 2008 - 8:18am in TOD: Australia/New Zealand
Topic: Economics/Finance
Tags: australia, coal, Economy [list all tags]

I was complaining about the "Australian disease" in my post about coal to liquids last week, as it became clear just how much King Coal is coming to dominate the local economy.

Ross Gittens can see the sunny side of this though in today's Sydney Morning Herald, as he idly contemplates the de-industrialisation of the economy and the transformation of the nation into a giant quarry in "Everything's coming up roses", in which he predicts that we'll be "riding on the back of a coal truck" for the next few decades.

Global warming apparently isn't a problem in his eyes - or at least not one that people will bother to try and mitigate by burning less coal.

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ODAC Newsletter, Saturday 20 October

Posted by Doug Low on October 22, 2007 - 1:30am in The Oil Drum: Europe
Topic: Miscellaneous
Tags: caspian sea, china, coal, Economy, europe, geopolitics, iran, kyoto, natural gas, russia, united kingdom, Wheat Exports [list all tags]

Topics include:

Economy – UK and Europe; Geopolitics - Caspian; Coal / China / Kyoto Protocol; Natural Gas - Iran; Russia - Wheat Exports; ASPO-USA P.O. Conf. – Media Response; Economy - USA

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