It seems to me that there are three big risks - the result of what economists like to call imbalances -- hanging over the global economy, even leaving aside the possibility of an old fashioned oil su…

[Dear new readers: This post is part of a blog on energy and climate issues. Click here for the full blog.] The New York Times’ war on shale gas continues with two more big stories by Ian Urbina. Th…

Sebastian Mallaby had an interesting column in last Monday's Washington Post.   Mallaby highlights what he calls the biggest economic argument of the day -- namely, what role does the government have…

The CNOOC bid presumably is motivated by two things. One, Beijing has plenty of cash, and already holds more Treasuries than it wants, so it wants to diversify its portfolio. As I argued earlier, C…