Energy

Interview

Verleger: Oil Prices Peaking, But Hurricanes or Other Events Could Send Them Higher

Philip K. Verleger interviewed by Bernard Gwertzman

Philip K. Verleger, a well-known expert on the economics of oil, says that the current price of oil, which has dropped below $70 a barrel, has probably peaked for the moment. Yet he warns that any problems in refining oil, or another Katrina-like hurricane season, could push prices well above current levels.

See more in United States, Economics, Energy

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NYT: Avoiding the Curse of the Oil-Rich Nations

Author: Tina Rosenberg

"If a government can finance itself through the profits on oil, it needn't collect taxes. Let me suggest that this is not a good thing. Taxes create accountability — citizens want to know how the government is spending their money. Substituting oil revenues decouples government from the people. The list of the world's worst-governed countries today features many that are dependent on the production of oil: Nigeria, Angola, Chad, Venezuela, Libya, Equatorial Guinea."


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Der Spiegel: What Future Does Nuclear Power Have in Japan?

Author: Wieland Wagner

Almost a year after the Fukushima disaster, fifty-two of Japan's fifty-four nuclear power plants have been shut down. The reactor explosion destroyed the population's trust in nuclear energy. But the atomic lobby--and the country's industrial needs--could block a possible phase-out, writes Wieland Wagner at Der Spiegel.

See more in Japan, Energy, Disasters