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Mises Economics Blog

Wladimir Kraus Archives

How profitable is big oil?

May 6, 2008 7:53 AM by Wladimir Kraus

In the context of the recent spike in oil prices, this clip from Glenn Beck show might be of interest to some.

Particularly noteworthy is the fact that the oil industry has been facing a thirty years [sic] moratorium on exploring new fields within the United States. According to the president of Shell Oil, John Hofmeister, the US is dependent on the order of over 60% of its overall consumption on oil imports. The moratorium, though not mentioned in the clip, I suspect has got a great deal to do with environmentalism. Speaking about sponsoring of international terrorism!

Another fact is that the profit margin of oil companies is about 8% on capital invested. There are other extremely interesting facts in the clip as well.

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Last Knight Live Blog: Final Entry - Kraus

February 8, 2008 6:56 AM by Wladimir Kraus

This is the last post of a quite long journey across the content of the book. I have decided to stop here, i.e. omit the discussion of the last two chapters, Fragmentation of the Movement and Last Years, not because they are uninteresting, in a number respects they certainly are, but because I am not particularly interested in personal matters. Those of you who have followed this live blog more or less regularly will have noticed that it is theoretical matters which interest me most. In this particular respect, the reading of the book was more than just entertaining; it has been a profound intellectual experience for me.

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Last Knight Live Blog 28 - Kraus

February 7, 2008 2:48 PM by Wladimir Kraus

In this entry I am going to comment on some aspects in one of Mises's book-length monograph, Theory and History, on epistemology/methodology of social science as a whole, not just economics narrowly conceived. Last Knight's chapter 21 deals comprehensively with a number of issues in Theory and History. As the book's title suggests, the meaning and problems in connection with multi-faceted problems in theoretical and historical dimensions of social science research constitute the core of it. The specific issues that are discussed in the book include: methodological dualism, knowledge and judgments of value, the doctrines of determinism and materialism, and a general discussion of the nature and place of historical/empirical investigations in social science.

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Last Knight Live Blog 27 - Kraus
February 1, 2008 4:23 AM | Comments (0)

Last Knight Live Blog 26 - Kraus
January 31, 2008 7:15 AM | Comments (0)

Last Knight Live Blog 25 - Kraus
January 30, 2008 4:12 AM | Comments (0)

Last Knight Live Blog 24 - Kraus
January 28, 2008 6:57 AM | Comments (7)

Last Knight Live Blog 23 - Kraus
January 18, 2008 5:48 AM | Comments (2)

Last Knight Live Blog 22 – Kraus
January 17, 2008 8:15 AM | Comments (2)

Last Knight Live Blog 21 - Kraus
January 14, 2008 5:38 AM | Comments (5)

Last Knight Live Blog 20 – Kraus
January 11, 2008 9:07 AM | Comments (2)

Last Knight Live Blog 19 – Kraus
January 10, 2008 7:33 AM | Comments (0)

Last Knight Live Blog 18 – Kraus
January 7, 2008 2:08 PM | Comments (3)

Last Knight Live Blog 17 – Kraus
January 4, 2008 7:58 AM | Comments (0)

Last Knight Live Blog 16 – Kraus
November 28, 2007 3:10 PM | Comments (0)

Last Knight Live Blog 15 – Kraus
November 14, 2007 1:31 PM | Comments (5)

Last Knight Live Blog 14 – Kraus
November 7, 2007 3:46 PM | Comments (1)

Last Knight Live Blog 13 – Kraus
November 6, 2007 11:12 AM | Comments (1)

Last Knight Live Blog 12 – Kraus
October 30, 2007 8:16 AM | Comments (0)

Last Knight Live Blog 11 – Kraus
October 24, 2007 4:35 AM | Comments (3)

Last Knight Live Blog 10 – Kraus
October 22, 2007 12:22 PM | Comments (0)

Last Knight Live Blog 9 – Kraus
October 17, 2007 5:58 AM | Comments (0)

Last Knight Live Blog 8 – Kraus
October 1, 2007 9:29 AM | Comments (0)

Last Knight Live Blog 7 – Kraus
September 25, 2007 5:16 AM | Comments (3)

Last Knight Live Blog 6 – Kraus
September 20, 2007 4:29 PM | Comments (0)

Last Knight Live Blog 5 – Kraus
September 19, 2007 7:17 AM | Comments (0)

Last Knight Live Blog 4 – Kraus
September 17, 2007 7:49 AM | Comments (3)

Last Knight Live Blog 3 – Kraus
September 10, 2007 3:30 AM | Comments (0)

Last Knight Live Blog 2 – Kraus
September 7, 2007 9:55 AM | Comments (1)

Last Knight Live Blog: Chapter 1
September 5, 2007 9:32 AM | Comments (2)