Why a high oil price is a good thing...
posted by Arya Gaduh at
6:56 pm
About Me
- Name: Arya Gaduh
- Location: Fayetteville, Arkansas, United States
I am a student in economics. This is not to say that I'm only interested in money supply, interest rates, or exchange rates. We care about all of the things that non-economists care about - we just see them in a unique way. I am also an Indonesian - which also doesn't mean I only care about Indonesian affairs. I was just born that way.
Previous posts
- McLeod on "renewing" the rupiah
- The newly-published growth report
- On writing op-eds
- Poverty trap in the US
- Indonesians want more globalization
- stickK's up!
- Islam in Indonesia
- Boudreaux and Cowen on microcredit
- RIP: M. Sadli
- To wake you up in the morning
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Noteworthy Articles from the Web
- What do you think is true and cannot prove?
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5 Comments:
ha haha.. awhile ago I was thinking about reduced portion in meals pretty much everywhere here in Indonesia.
As gasoline prices hiked, the food sellers don't want to loose their customers by increasing the price, thus they reduced the portion *grins* Not only big multinational company like McD does it, but also those "warteg"..
By
Radite, at 8/25/2008 01:45:00 am
Perhaps it is time that Indonesia stopped talking about mass transit systems and starts building one. The longer the government waits the more expensive it gets.
Time is money and it would seem of the essence. Ultimately, the government needs to remove the subsidies on fuel completely, so it would make sense to have a viable and cheap alternative transport system in place.
The bike to work / obesity link is an interesting one. So, yeah, there seems to be a health benefit from high oil prices.
Bio-fuels and food security is worth a post don't you think?
By
Rob Baiton, at 9/14/2008 10:29:00 am
hey, long time no email... what's up? how's life?
By
Anonymous, at 9/16/2008 02:14:00 am
There is no short-term fix for gasoline prices. Prices are what they are as a result of rising global oil demand from India, China and a rapidly growing Middle East on top of our own increasing consumption, a shortage of “sweet” crude that is used for the diesel fuel that Europe is highly dependent upon and our own neglect of effective energy policy for 30 years.
---------------
Samflutch
viral marketing
By
samflutch, at 9/29/2008 11:20:00 pm
Ardita:
Nice to know that warteg's have such high companies. ;-).
Rob:
Yeah, I did make a post on it on my Indonesian blog, here and here.
By
Arya Gaduh, at 10/01/2008 07:52:00 am
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