July 14, 2008

Andy Grove: Energy Resilience, Not Energy Independence

Lynne Kiesling Andy Grove, former CEO of Intel, has an interesting article in The American magazine this month entitled “Our Electric Future”. Grove argues that energy independence is a flawed and infeasible objective, particularly in a network of integrated global exchange. He suggests instead that the objective should be energy resilience: What was wrong with …

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Pirrong Explains Why Congressional Scapegoating of Oil Market Speculators Will Harm Consumers

Michael Giberson The “wild assertions about speculation and manipulation are defective and completely unsupported by reliable evidence,” said Craig Pirrong, writing in the WSJ about congressional proposals to scapegoat speculator participation in oil futures trading. Restricting these speculators won’t reduce the price of oil — but they are likely to make consumers and investors worse …

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