Peak Oil is discussed in one article, that actually hopes that OPEC will use its influence to lower oil prices and boost global growth. Are there people at the Economist who actually believe that the current oil prices are inflated by greedy sheiks? During my 2011 countries like Saudi Arabia struggled to meet demand, and will continue to do so in 2012. As for climate change, the treatment of the issue was disheartening. The buzz phrase was sprinkled over the text were appropriate, but in every occasion described as a political choice, e.g. what will it mean for UK politics when the government tries to curb co2 emissions? That is a valid question, of course, but not at all what I expected from the Economist. If someone accepts climate change as a reality, it is also clear that it will have tremendous effect on all kinds of social and economical life. Floods might disrupt industries, or new crops can become profitable. An initiated analysis of how climate change will affect the global economy would be among the most relevant reading right now. How sad that the Economist fails to deliver that. The writers seem to presume that business and politics can exist somehow independently of the physical world they exist in, something that they know very well is not true. But I guess some graphs predictions about how severe weather will affect the US economy would cause furore, and anger the papers' readership. In publishing, you give the people what the people wants.
Saturday, December 31, 2011
The world in 2012
Peak Oil is discussed in one article, that actually hopes that OPEC will use its influence to lower oil prices and boost global growth. Are there people at the Economist who actually believe that the current oil prices are inflated by greedy sheiks? During my 2011 countries like Saudi Arabia struggled to meet demand, and will continue to do so in 2012. As for climate change, the treatment of the issue was disheartening. The buzz phrase was sprinkled over the text were appropriate, but in every occasion described as a political choice, e.g. what will it mean for UK politics when the government tries to curb co2 emissions? That is a valid question, of course, but not at all what I expected from the Economist. If someone accepts climate change as a reality, it is also clear that it will have tremendous effect on all kinds of social and economical life. Floods might disrupt industries, or new crops can become profitable. An initiated analysis of how climate change will affect the global economy would be among the most relevant reading right now. How sad that the Economist fails to deliver that. The writers seem to presume that business and politics can exist somehow independently of the physical world they exist in, something that they know very well is not true. But I guess some graphs predictions about how severe weather will affect the US economy would cause furore, and anger the papers' readership. In publishing, you give the people what the people wants.
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Wednesday, December 28, 2011
Climate change arrives in Sweden
The insurance industry has for a long time been the great hope of many industrialists, including me. Not because an inherent goodness - this industry is probably as controlled by greed as any other. Which is what makes insurance companies interesting - they are set to lose a lot of money from more volatile weather, and have a strict vested interest in combating climate change.
It is nice to see the Swedish insurers out of the closet - hopefully they can lend some weight to environmentalists demands for more robust climate politics. I have a secret dream that they would actually use their power and refuse to insure companies that work against them - like oil drilling companies. BP would not exist today if Deepwater Horizon had not been insured. On the other hand it is probably a very bad idea to let private companies use political power.
Nonetheless, climate change is now not only a question for environmentalists. It is a new business reality that has officially arrived in Sweden.
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Wednesday, December 21, 2011
Ni är inte ensamma!
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