Lars Schall — Oil, politics and resource wars

At the 10th conference of the Association for the Study of Peak Oil & Gas in Vienna, Austria, Dr Robert Hirsch, Professor Michael T Klare, Dr Karin Kneissl, Dr Daniele Ganser, and Jeremy Gilbert discussed for Asia Times Online and Matterhorn Asset MGMT different important aspects of oil.

Read it at Asia Times Online
Oil, politics and resource wars
by Lars Schall

(h/t Kevin Fathi via email)

Favorite quote:

LS: Do economists in your view pay enough attention to issues of energy and geopolitics?

KK: What I often realized when teaching courses to people who come from economics or investment is that they lack basic knowledge in history. They have a tendency to interpret supply and demand and price developments purely through their PC screen and rarely undertake the effort to learn more about the people and the places they are involved with by traveling there or even only by thinking a little bit about the historical contexts.