Lynne Kiesling MIT economist Daron Acemoglu has won this year’s John Bates Clark award for the best economist under 40. Acemoglu’s research is fascinating and well-done. As the Chronicle of Higher Education (subscription required) notes: In a written statement, the [American Economic] association praised Mr. Acemoglu, 37, as a “broad and productive economist” who has …
Lynne Kiesling After flying home from Paris on Monday, I am convinced that the worthless labyrinth that is Charles de Gaulle airport is part of a deliberate French strategy to remove any separation anxiety in those tourists who are unhappy to be leaving France. By the time we got through security, I was downright thrilled …
Lynne Kiesling The Valero purchase of Premcor announced Monday is another interesting, if not surprising, step in the industry consolidation that started in the mid-1990s. The press on the Valero/Premcor deal seems to hit all of the right notes; I would add to this article on demand continuing to outstrip refining capacity that one of …
Consolidation In The Oil Industry: Valero/premcor Read More »
Lynne Kiesling Stephen at Disinterested Party has a post in which he argues that oil prices will fall. In short, he thinks it’s a combination of slowing demand and fleeing speculators once that demand slowdown hits the market. His take on speculation: Then there?s speculation. The oil market?s behavior this past year has been perplexing. …
Lynne Kiesling Today the KP Spouse, the KP Dad and I are flying home from Paris, so this the the content du jour … a fitting glimpse of our weekend activities. I know that the flowers will not yet be out in Chicago, so I will be sad to leave behind scenes like this one …
Lynne Kiesling From Chocolate & Zucchini, asparagus and strawberry tart. Yum. Different. Have to try that when I get home.
Lynne Kiesling See this Business Week summary of the energy bill version that passed the House yesterday. The Washington Post opined that the bill is “new and unimproved”: More to the point, it will fail to give this country the truly revolutionary energy policy it desperately needs. Instead of pointing the way toward an eventual …
Lynne Kiesling Tim Worstall had a post yesterday on the “peak oil” calculation, inspired by a long article in the Guardian. Tim makes the important point in this post and in an earlier one to which he links that the economic assumptions on which the calculation rests are too static to be realistic. They don’t …
Lynne Kiesling This Grant McCracken post, inspired by a presentation by Michael Tushman (Harvard Bus Sch) on the future of the corporation, is one of the most interesting and insightful and thought-provoking things I’ve read in a long time. Highly recommended.
Lynne Kiesling I truly do not know what to think about the proposed EU Constitution. Should I be in favor of it or not? Not that I get a vote, but just to satisfy myself intellectually I’d like to formulate a reasonably informed opinion. On 29 May the French people will be able to vote …
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