Economic costs of high oil prices, and benefits

This Christian Science Monitor article and this Economist article provide some insightful analysis on the economic costs of high oil prices. Regular readers of this page will already know much of what’s contained in these articles — the unfortunate concatenation of Venezuelan unrest, possible war in Iraq, and an unusually cold winter in the US … More Economic costs of high oil prices, and benefits

Multi-dimensional consumer vehicle preferences

Check out this AP story from Saturday on consumer demand for hybrid vehicles. The article makes what I think is the correct point — when consumers choose a vehicle, they are simultaneously satisfying a large array of preferences and characteristics, not just fuel economy or reducing our dependence on foreign oil. So what will be … More Multi-dimensional consumer vehicle preferences