Posted in Economics
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11/23 2004

Agree to disagree

Gosh, the other night I heard some business executives’ organization predicting that in 2005 there would be more jobs, lower oil prices, and business growth. Contrast that with this article I just stumbled across reporting that a well-placed financial analyst is forecasting a high probability of "economic Armageddon." Hmm, maybe he’s trying to create conditions to sell a book on "How to Prosper in the Coming Crash."

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Posted in Economics
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11/2 2004

Oil anxiety relapse

Fret, fret! Am I off the wall in thinking a company like ACS ought to be thinking about Plan B: what do we do if energy prices keep going up, our cost of doing business increases, and we have to compete for scarce dollars going to oil?

Higher Oil Prices Soon To Squeeze Consumers

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Posted in Economics
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09/28 2004

Answer: $50

What does a barrel of crude oil cost, Alex?

Crude went to a record $50 yesterday. According to the NY Times:

Fueling these gains is the alignment of three events: record high demand, historically low spare production capacity, and a set of potentially destabilizing events in some of world’s the top oil-producing regions, including Iraq and Venezuela, to name only two.

Our good friends, the Saudis, are increasing production to “stabilize prices.” Still, there’s a lot of nervousness in the world, and here’s why…

READ MORE

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09/7 2004

How Do We Prepare for a World Without Cheap Oil?

It appears this business of end of cheap oil is getting more attention. The title above comes from an article from a Harvard Business School e-newsletter I got this morning. The meme is getting around.

So I pose the same question to the ACS: How do we prepare for a world without cheap oil? The reason I ask is because the Society’s business model still seems to be so based on physical transportation of people: lots of local offices, lots of staff driving round (much as I did 30 years ago when I came to work for the Society), lots and lots of meetings involving air travel and expensive hotels. I have often wondered what proportion of our budgets we spend moving bodies around. Could we start considering a business model based on electronic communication instead of movement? Cheap oil or not, it seems to me examining other possibilities is worth doing.

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