Over the weekend, the Financial Times had a fascinating piece about Farouk al-Kasim, an Iraqi who is credited with saving Norway from the resource curse: Poor countries dream of finding oil like poor people fantasise about winning the lottery. But the dream often turns into a nightmare as new oil exporters realise that their treasure [...]
Posts Tagged ‘Oil’
Dodging the Resource Curse
Posted in Economy, Energy, tagged Norway, Oil, Resource Curse on September 1, 2009 | 5 Comments »
The Disconnect Between Oil and Natural Gas Prices
Posted in Energy, Environment, tagged Energy, Natural Gas, Oil on August 21, 2009 | 12 Comments »
Yesterday marked a new record in the divergence between oil and natural gas prices. As noted in a small item in the Wall Street Journal, the ratio of oil prices ($ per barrel) to natural gas prices ($ per million BTU) hit a record 24.5 at yesterday’s close. As you can see from the following [...]


