green econometrics

Using the latest data from the Energy Information Administration (EIA) , oil production remains significantly below historical levels achieved in ‘70’s and ‘80’s. The peak production in 1970 has not been replicated despite significant expansion of drilling activity during the 1980’s.
Oil Drilling and Production
Figure 1 Oil Drilling and Production
Figure 1 [...]

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Oil prices remain at historically high levels and threaten our economy with higher home heating and transportation costs. With a lot of rhetoric over Peak Oil as well as claims that Tar Sands offer a viable substitute for oil, let’s examine a couple of facts to determine the feasibility [...]

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