All Posts Tagged With: "oil"
OPEC Sells Us Oil Because It Likes Us?
Jerry Taylor is Director of Natural Resource Studies at the Cato Institute. Slavish devotion to common but wrong-headed ideas about economics is never more in need of exposure than when the subject is oil and the Persian Gulf. Here wrong-headed ideas about economics can get someone killed. But there they were on full display last [...]
1May2003 | Jerry Taylor | 0 comments | ContinuedBad Logic Kills
A big part of mankind’s problem may be the simple failure to recognize a fallacious argument. The columnist Arianna Huffington recently criticized the Bush administration’s renewed intention to exploit the oil under the Arctic National Wildlife Refuge (ANWR). She proposed that instead of promoting oil drilling in Alaska, the administration should raise automobile mileage standards. [...]
1Aug2002 | Sheldon Richman | 0 comments | ContinuedBombing Without End
We bomb, therefore we bomb,” seems to be Washington’s policy towards Iraq. Ten years of sanctions and military strikes have failed to tame or oust Saddam Hussein. Yet the Bush administration thinks only of doing more of the same.
U.S. policy in the Persian Gulf has long been a pernicious muddle. A half-century ago Washington helped install the Shah of Iran, whose thuggery eventually spawned an Islamic revolution that treated America as the “Great Satan.”
1Jun2001 | Doug Bandow | 0 comments | ContinuedRegulatory Extortion
Thomas DiLorenzo is a professor of economics at Loyola College in Baltimore, Maryland. This article is based on a presentation prepared for the Ludwig von Mises Institute’s conference, “Austrian Economics and the Financial Markets,” last September in Toronto. In 1978 Michael Jensen and William Meckling, writing in the Financial Analysts Journal, offered an extraordinarily gloomy [...]
1Mar2000 | Thomas J. DiLorenzo | 8 comments | ContinuedPaper Tiger
Christopher Mayer, a commercial loan officer, is studying for an MBA at the University of Maryland. Gadflies have long been predicting the exhaustion of critical natural resources—especially oil. Despite the doomsaying, a barrel of oil is cheaper today than a pair of movie tickets. As Daniel Yergin pointed out in a recent editorial in the [...]
1Apr1999 | Christopher Mayer | 1 comment | ContinuedSustainable Development: Common Sense or Nonsense on Stilts?
Jerry Taylor is director of natural resource studies at the Cato Institute and senior editor of Regulation magazine. The mantra of “sustainable development” is constantly on the lips of the international agencies and nongovernmental organizations helping lesser-developed countries. The concept seems innocuous enough; after all, who would favor “unsustainable development”? But the fundamental premise of [...]
1Sep1998 | Jerry Taylor | 3 comments | ContinuedWhich Is the Best Inflation Indicator: Gold, Oil, or the Commodity Spot Index?
This column developed out of a running debate I’ve had with the editors of the Wall Street Journal and the New York Times. In the financial news, the Times highlights the price of oil as the best indicator of commodity prices and inflationary expectations. The front page of the Wall Street Journal publishes nine prices and indices, including oil and the Dow Jones Commodity Spot Index, to reflect activity in the financial markets.
1Feb1997 | Mark Skousen | 0 comments | ContinuedBook Review: Oil, Gas, & Government, 2 Volumes by Robert L. Bradley, Jr.
Untold damage has been done by governments that restrict human action in attempts to correct perceived market failures. Like a pebble dropped in a pond, each government action ripples through the economy in ever-widening circles, yielding unforeseen consequences that create demands for additional government intrusion. Ironically, when the market failure that provided the excuse for [...]
1Feb1997 | Richard W. Fulmer | 0 comments | ContinuedThe Last Experiment
Mr. Petta, who studied at the University of Alaska Fairbanks, is a master’s candidate in English at William Paterson College, Wayne, New Jersey. He is becoming an increasingly active voice for libertarian philosophy. Many Americans are inspired nostalgically by a hope that classical liberalism has not been forever relegated to lonely chapters in antiquated political [...]
1Feb1995 | Joseph E. Petta | 0 comments | ContinuedNuclear Power: Our Best Option
Mr. Oliver is a retired engineer living in Carson City, Nevada. Dr. Hospers, this month’s guest editor, is professor emeritus of philosophy at the University of Southern California, and is the author of numerous books such as Understanding the Arts, Human Conduct, and Introduction to Philosophical Analysis. He was the first Libertarian Party candidate for [...]
1Jan1995 | Mike Oliver | 1 comment | Continued-
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