Back in 2003, Den Beste of USS Clueless wrote the greatest touchstone piece on the *Islamofacist war, writting out in a relatively short 20 pages the strategic overview of the war.
Today, Tigerhawk writes an excellent update to Den Beste’s essay. Its a must read piece.
Econbrowser on Peak Oil
Econbrowser blogger, James Hamilton economics prof of UCSF, speaks at the American Enterprise Institute on Peak Oil. Check out his transcript at Peak Oil News. Hamilton gets to the finer points on how the oil market works, the power of the market to manage Peak Oil (it wont be like the Long Emergency) And in the end, we’ll see three things:
We’ll rely on “cruder” oil (more sulpher) which means more expensive to process to refine with stricter enviormental standards
Intead of getting oil from Texas (which once pumped more oil than Saudi Arabia), we’re now relying on the Middle East…and after that’s done think Nigeria and Central Asian states or rough enviorments difficult places like ANWR
All this points to higher likelihood of supply disruption and higher oil prices
*Some have asked why I haved used this term. I will post up a reply on this topic.