Lutz Kilian, 29 July 2008

Gas prices are a product of supply and demand. This column attributes recent gas price increases to stagnant oil supplies and growing global demand from emerging Asian economies – not speculators. Additional shocks to the US refining capacity further tightened gas prices in the US. These forces will likely keep gas prices high for the foreseeable future.

Susan Ariel Aaronson, 12 July 2008

The resource curse has stymied development in numerous oil-rich economies. This column introduces the Extractive Industries Transparency Initiative and explains how transparency by firms investing in resource-rich countries might help alleviate the curse.

Thorvaldur Gylfason, 06 June 2008

Norwegians enjoy a very high standard of living. Is it due to their oil? This column describes the country’s impressive economic development during the twentieth century and highlights lessons from Norway’s management of its oil wealth.



CEPR Policy Research