Cha Ching, Time To Explore

Not surprisingly, oil prices cracked $34/barrel this morning. Also not surprisingly, Marathon Oil has announced that it will increase its exploration efforts in the upcoming year. This increase in capital investment in exploration is the logical outcome of a period of sustained high oil prices; high prices encourage either existing firms to increase their capacity … More Cha Ching, Time To ExploreMore Cha Ching, Time To Explore

Kevin Spacey

Kevin Spacey reviving the Old Vic theatre in London as director of its new permanent program, very cool. Sounds like a good excuse for a trip … after I just kvetched about traveling too much last month! … More Kevin Spacey

Busy, Busy

January was a killer month for me — three trips, the beginning of a quarter in which I’m teaching two classes, and the unfortunate concatenation of these events with annual doctor’s appointments. I am teaching two classes from which I always learn a great deal — Environmental Economics and History of Economic Thought. Not many … More Busy, BusyMore Busy, Busy