europe.theoildrum.com - 6/23/2009
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Global GDP data from the USDA. Primary energy data and energy prices from the BP statistical reveiw of world energy 2009.
Global GDP has grown steadily and continuously since WWII, in step with a growing global population and primary energy consumption (see below). Oil shocks have ...
cboblog.cbo.gov - 6/26/2009
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cboblog.cbo.gov —
Today CBO released the Long-Term Budget Outlook .
Under current law, the federal budget is on an
unsustainable path—meaning that federal debt will continue to grow much faster than the economy over the long run. Although great uncertainty surrounds ...
(more)
Long-Term Budget Outlook
baselinescenario.com - 6/23/2009
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baselinescenario.com —
Slides for speech to World Bank conference (Lessons
from East Asia and the Global Financial Crisis), Tuesday
in Seoul (1pm local time), are attached . This post summarizes my main points. There are two views of the global financial crisis and – more importantly – of what comes next. The ...
(more)
What Next For The Global Crisis?
bloomberg.com - 6/30/2009
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bloomberg.com —
June 30 (Bloomberg) -- Estonia’s fiscal deficit under
European Union terms more than doubled in the first
quarter from a year earlier, indicating the Baltic country may be unable to adopt the euro in January 2011. The deficit, including social ...
(more)
Estonian Budget Gap Soars, Puts Euro Goal at Risk (Update1)
Comments
Blog Reactions
Readings
Paul Kedrosky's Infectious Greed —
Demand: The other side of the oil coin (Calgary Herald) Cardiac events during sport on TV (SoS) The best ever Clarkson,Hammond and May Quotes (FinalGear) Credit default swaps losing favor to corp bonds (Reuters) Nevada Solar Project Meets Bigger Foe Than Cloudy Skies: the U.S. Air Force (WashingtonPost) The financial return on energy invested over time (Oil Drum) Manufacturing 2.0: A More Prosperous California (Milken)
...
Oil price: where next?
The Oil Drum - Discussions about Energy and Our Future —
... In a recent post I argued that there was a limit to the oil price that the global economy can bear. Any new price spike, as the name suggests, will be short lived as high price will kill demand and we will likely see a repeat performance of the 2008 crisis. At some point global leaders need to awaken to the prospect of that supply curve marching to the left, always. ...
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