Markets in Everything: Bin Laden edition

Here’s how the killing of Osama Bin Laden may affect: Stock markets. Share prices rise. Commodity markets. Oil prices fall. Election markets.  Obama to get re-elected? Artists’ First Response.  A Bin Laden folk song? Healthcare Economist’s Receipt of Spam.  I’ve received an above average number of  unsolicited emails today regarding how Bin Laden’s death will affect…

The Perils of Petrocracy

Can a state run petroleum company be as efficient as a private sector company? The answer is a resounding, “yes but…” It is possible that state-run petroleum companies can be efficient as long as they stick to the business of producing oil. Yet Tina Rosenberg’s “The Perils of Petrocracy” article in the N.Y. Times Sunday…