December 26, 2015

“An Oil Bust is a Terrible Thing to Waste”

Investing — or Squandering — “the Energy Dividend” “A crisis is a terrible thing to waste.” –Stanford economist Paul Romer In the early ’90’s, politicians referred to the savings from reduced defense spending — made possible by the end of the Cold War — as “the Peace Dividend.” Thanks to the crashing price of oil (plus...
Read More