150th Anniversary of Edwin Drake’s First Oil Well in Pennsylvania

Michael Giberson Here’s wishing a happy 150th birthday to the oil industry! On August 27, 1859, Edwin Drake and his steam engine succeeded, after weeks of work, in drilling a successful oil well.  Actually, more like “chipping” than “drilling.”  Alex Madrigal has the story and several old stereograph images: A western Pennsylvania river valley seems … More 150th Anniversary of Edwin Drake’s First Oil Well in Pennsylvania

Peak Oiler Responds to Lynch Op-ed in Nyt

Michael Giberson A few days ago I mentioned Michael Lynch’s op-ed in the New York Times in which he takes a few swings at peak oil.  Nate Hagens, at The Oil Drum, offers the beginning of a response: Peak Oil has never been about the amount of hydrocarbon molecules that exist, but flow rates, timing … More Peak Oiler Responds to Lynch Op-ed in Nyt

Health Care Economics Tidbits: Mackey, New York Times, Horwitz

Lynne Kiesling One great thing about being on holiday out of the country is that I have blissfully been spared the annoying, politicized, and frequently wrong-headed and vapid health care policy discussions and media coverage thereof. I read John Mackey’s WSJ editorial with his health care policy recommendations, the top three of which being: • Equalize … More Health Care Economics Tidbits: Mackey, New York Times, Horwitz