Oil Prices
sastyk | October 5, 2011
From the UN FAO, we can see that world food prices remain extremely high. We also, I think, when we conjoin this with oil prices can see that there is at least a significant correlation.
So much of what has been done in agriculture over the last 75 years has served to tie oil and food prices more tightly together, but it is increasingly clear that the world's poor cannot afford to have their access to food controlled by the price of energy on world markets. That kills people, to put it as bluntly as possible.
This is one of the reasons I'm least convinced that improving agricultural…
razib | January 27, 2010Mike the Mad Biologist points me to an interesting article in Wired, Uranium Is So Last Century -- Enter Thorium, the New Green Nuke. Of course Wired is a booster of many things which never take off, but in general I think it's probably safe to bet on nuclear power becoming more prominent in the near-to-medium-future. I recently have been reading a bit about oil, stuff that's not written by Daniel Yergen, and was fascinated by this chart of long term crude prices:
The inflation adjusted values are of interest. But look at the lack of volatility before 1974! My whole life has been…