| Headline |
Author |
Published |
Section |
Must read CIBC report: $7 per gallon gas by 2010
Ten million cars off the road, 1970s style GDP growth |
Joseph Romm |
26 Jun 2008 |
Gristmill |
| CIBC World Markets has just released a stunning yet detailed economic analysis of near-term oil prices and impacts. The PDF has some excellent figures I will convert to JPEGs. The two key pieces are 'Getting off the Road -- Adjusting to $7 per Gallon Gas in America' (PDF) and 'Oil and Growth -- That 70s show Re-Run' (PDF). Main points: 'That additional 200,000 barrels per day pledged from Saudi Arabia is a pittance compared to the four million barrels per day ... |
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| Topics: cars, economy, energy, gas prices, oil (all these topics) |
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Globalization death watch, Part I
Airlines, cargo ships increasingly desperate due to rising fuel costs |
Jon Rynn |
02 Jun 2008 |
Gristmill |
| Globalization was built on cheap oil. As that era draws to a close, so will the current phase of global integration, whether Thomas Friedman, Wal-Mart, and all those involved in intercontinental trade like it or not. The current transportation infrastructure is based on cars, trucks, airplanes, and cargo ships, which together consume about 70 percent of the gasoline used in the United States. While the greatest focus has been on cars, trucking and airline companies are ... |
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| Topics: air travel, economy, energy, gas prices, oil, placemaking (all these topics) |
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Gasoline demand explained
Why it took us so long to internalize the rise in gas prices |
Charles Komanoff |
13 May 2008 |
Gristmill |
| With gas at $3.50 a gallon in April, the U.S. mainstream media is replete with stories of drivers abandoning SUVs, hopping on mass transit, and otherwise cutting back on gasoline. Yet a year or two ago, when pump prices were approaching and even passing the $3.00 'barrier,' the media mantra was that demand for gasoline was so inelastic that high prices were barely making a dent in usage. Which story is correct? I lean toward the more 'elastic' view, and here I'd ... |
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| Topics: economy, energy, gas prices, oil (all these topics) |
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Moving on out
There are limits to the positive environmental change we can expect from high gas prices |
Ryan Avent |
22 Jan 2008 |
Gristmill |
| You can scarcely pick up a paper or turn on the television these days without hearing the word recession. Leading economic indicators have wiggled in different directions over the past few months, but the general trend appears to be negative. The conventional wisdom points toward an economic downturn of some kind during 2008, and businesses in all sorts of consumer markets are bracing for the inevitable tightening of purse strings. A funny thing happened on the way tow ... |
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| Topics: consumerism, economy, energy, gas prices, oil, placemaking, sprawl, urban planning (all these topics) |
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Gas price rant
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David Roberts |
25 Apr 2006 |
Gristmill |
| One of the many problems with policy discussions these days is that they tend to be narrow and literal-minded. Take the "problem" of high gas prices. Response? Tax oil companies! Cap prices! Investigate price gouging! Ease environmental restrictions on clean-burning gas! Stupid. We should take a step back. Here are two relevant facts: It's good that gas prices are rising. We want people to buy more fuel-efficient cars and drive less. In the long-term ... |
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| Topics: economy, energy, gas prices, oil, politics (all these topics) |
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Inelasticity? It's a stretch.
Are gas prices and gas consumption connected? |
Clark Williams-Derry |
18 Nov 2005 |
Gristmill |
| It may come as a bit of a surprise: Despite rising gas prices over the past few years, total consumption of highway fuels in the U.S. has actually increased rather than fallen. Some have seized on this phenomenon -- prices and consumption rising in tandem -- to suggest that changes in gas prices have no discernible effect on how much gas we actually use. The idea that gas prices have no effect on consumption doesn't square with economic theory, to put it mildl ... |
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| Topics: economy, energy, gas prices, oil (all these topics) |
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