Just a quick note here based on some information I have been hearing about shale oil. If you recall, I wrote a primer on peak oil a week or so ago. The crux of that post was that it is not a question of our running out of oil but rather of our running out of cheap oil. And that has economic implications since we are at a point where oil prices are high enough that people begin to cut back on consumption, so-called demand destruction.
Some anecdotal evidence suggests that the nonconventional o...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.