Econobrowser on Peak Oil

James D. Hamilton is a Professor of Economics at the University of California, San Diego. Along with Professor Menzie Chin of the University of Wisconsin, Professor Hamilton publishes an first-rate macro blog called Econobrowser, which analyzes current economic conditions and policy. Recently Professor Hamilton posted an article (Peak Oil in America) on Econobrowser that he prepared for the Peak Oil Review on U.S. oil production and its decline. With the exception of President Reagan, every President since the 1970’s has given speeches on the theme of energy independence. Yet nothing significant has been done. The subject of peak oil and its macro implications is a intriguing Discussion Board topic and here is the article to get you started. ]

Summer Session Extra Credit: Which two countries are currently the world’s biggest oil exporters? Cite your source. If you are the first Summer Session student to send me an e-mail at kwoodward@saddleback.edu with the answer, you will be rewarded with two extra credit Discussion Board points. Only one blog extra credit question per student can be answered in any given week for Discussion Board extra credit.