oil

Creative Commons Every January, pundits put on their Janus masks to look back and forward at the same time and make predictions about the year to come. They try to give their words as much gravity as they can, but if we look at history, we see they’re somewhat less reliable than the weather. Some […]

Words of the election season: breaking the logical loop

This blog was originally published a year ago, as the oil bubble is deflated. I have updated it in the context of the current election campaigns going strong in Canada and the US. The bubble blows It seems that everyone, including economists and political leaders, need to be reminded of the definition of bubble regularly, […]