Tuesday, February 26, 2013

Tuesday Links

  • Interesting Ross Douthat perspective on the post-employment trend.
  • How to diplomatically confront China over the state sponsored hacking. 
  • Turns out that killing people is stressful, even when they are on the other side of the world.
  • The risk of an unstable government in Italy.  Paul Krugman's perspective is also worth reading.
  • Well-written discussion of the limitations of tight oil and gas by Randy Udall.
  • Iran using old tankers to evade sanctions on oil exports?
  • EIA says the US produced 20,000 gallons of cellulosic biofuel in 2012, and might produce 5 million gallons in 2013.  I have no idea if the latter estimate is realistic, but it would correspond to  an average rate of 326 barrels/day (vs US oil consumption of around 18-19 million barrels/day).  Ways to go, at best.

1 comment:

Alexander Ac said...

I think that monetarist Paul Krugman does NOT get the crucial point - the problem is NOT austerity vs. expansion - rather it is about debt reduction. Credit expansion nor austerity can possibly reduce current debt - the only way it can be reduced is restructuring (defaulting). Of course, that leads to deflation. There is no other way out of excessive debt.