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June 27, 2008
Understanding oil prices - maybe
With gasoline prices causing no end of public angst, the University of California's Energy Institute has published a lengthy paper entitled "Understanding Crude Oil Prices."
It's timely, but it may take someone with an advanced degree in mathematics to truly understand what the paper's author, James Hamilton, is trying to say as he riffs through history and data. If you want to give it a try, the paper is available here.
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