Ep. 250 Bob Murphy vs. Biden Administration on Fuel Inventories
Bob analyzes the various fallacies involved in the Biden Administration’s recent warnings to oil refineries to increase their level of domestic inventories. Mentioned in the Episode and Other Links of Interest: The Bloomberg article on the Biden Admin’s warnings to refiners. Bob’s EconLib article on oil speculators. Help support the Bob Murphy Show. The audio production…
Ep. 172 How Much Oil Should Humanity Use This Year?
Harold Hotelling in 1931 wrote the pioneering article “The Economics of Exhaustible Resources” that described the equilibrium prices over time for a finite resource such as oil or coal. Bob explains the answer and how it matches with the Austrian view of time preference. Mentioned in the Episode and Other Links of Interest: Bob’s EconLib article…