13 Mar '12, 8pm

Has the Global Economy Become Less Vulnerable to Oil Price Shocks?

Has the Global Economy Become Less Vulnerable to Oil Price Shocks?

As the oil price approaches historical record levels, the debate on how important the impact of oil price changes is on the global economy has been resumed. Most recently, a paper by Tobias Rasmussen and Agustin Roitman, two IMF economists, finds that oil price rises have generally been associated with good times of global economy. The authors do concede that for OECD economies, oil price shocks have lagged negative effects on the output but insist that the effects have been small: for oil importing countries, a 25% increase in oil price is found to be associated with only 0.3% decline in output over two years (“Oil Shocks around the World: Are They Really That Bad?”, posted at the Oil Drum, http://www.theoildrum.com/node/8944

Full article: http://www.theoildrum.com/node/9008

Tweets

Toward Energy Literacy: Our "Peak Oil" Reality: "Energy literacy" and "peak oil literacy" should be requirement...

Toward Energy Literacy: Our "Peak Oil" Reality:...

renewableenergyworld.com 12 Mar '12, 7pm

A recent MSNBC show allowed a guest to state, without challenge, that U.S. oil production is now at an all-time high. No o...

U.S. vehicle fuel economy hits new record high ...

green.autoblog.com 14 Mar '12, 3pm

In their typical "take credit for anything good, and blame anything bad on the Republicans" modus operandi, the administra...

Is Your Global Search Ecosystem Thriving Or Dying?

Is Your Global Search Ecosystem Thriving Or Dying?

searchengineland.com 13 Mar '12, 1pm

Nearly two years ago, I wrote about creating a Global Search Center of Excellence and since have had the opportunity to ke...

Demand for Vegetable Oil Increases Rate of Deforestation #palmoil

Demand for Vegetable Oil Increases Rate of Defo...

triplepundit.com 13 Mar '12, 10am

The global demand for vegetable oil is growing and contributing to deforestation, according to the Union of Concerned Scie...

peak oil is about price, not supply.

peakoil.com 23 Mar '12, 12pm

The pequists, as they have become known, appear to be on the defensive these days as they once again roll back their datin...

FedEx wins Boston College 2012 Corporate Citize...

sgflea.livejournal.com 26 Mar '12, 1pm

APPLY FOR POSTING ACCESS (NOW OPENED FOR A LIMITED TIME)

Miao has Become Handsome!!

Miao has Become Handsome!!

akiraceo.com 12 Mar '12, 6am

Miao has Become Handsome!! posted by Jian Akiraceo on March 12th, 2012 under Outdoor Not.. =.= The other day, I took bus d...

Movie business is in a 'global xenophobic funk'...

eetimes.com 13 Mar '12, 2pm

MANHASSET, NY -- Strong increases in emerging markets is contributing to the rise of global consumer spending on movies fr...

Direct air carbon capture: Oil's answer to frac...

greenbiz.com 12 Mar '12, 4pm

Since 1999, when Columbia University physicist Klaus Lackner wrote the first scientific paper [PDF, download] about captur...

Direct air carbon capture: Oil's answer to frac...

greenbiz.com 12 Mar '12, 4pm

Since 1999, when Columbia University physicist Klaus Lackner wrote the first scientific paper [PDF, download] about captur...