Books on CD and cassette have quietly become a nice little profit center for book publishers. (So too have audio downloads, but that’s a subject for another day.) Even though audio versions sell, at best, perhaps 1 copy to every 10 copies of a hardcover book, their high price and low royalty rate enable publishers to make money. Most people . . .
This e-mail reprinted below, which is circulating incredibly widely, may represent a new low in economic thinking. It declares September 1st “No Gas Day.” I got three copies today. Still, I wasn’t going to blog about it, until I went on the web-search engine technorati and saw that all sorts of bloggers seem to be embracing the concept. So here . . .
Peter Maass wrote the NY Times Sunday Magazine piece on “Peak Oil” that I have been blogging about recently. He was interviewed on NPR’s Fresh Air. During the course of the interview, he defended Matthew Simmons, saying, “Matt Simmons, he is not some kind of wild environmentalist, or kind of rogue economist, or anything like that…” Phew, we already have . . .
John Tierney wrote a great New York Times column in response to the Maass article on Peak Oil in the Sunday NY Times Magazine that I criticized. Tierney and Matthew Simmons, who is the point man for the Peak Oil team, made a $10,000 bet as to whether in 2010 oil would be above or below $200 a barrel (adjusted . . .
The cover story of the New York Times Sunday Magazine written by Peter Maass is about “Peak Oil.” The idea behind “peak oil” is that the world has been on a path of increasing oil production for many years, and now we are about to peak and go into a situation where there are dwindling reserves, leading to triple-digit prices . . .