“Do you like to get a good pay and benefits without having to get a PHD?”
The Offshore Oil Guide (OOG) advertises itself as “the Premier Web Portal for finding offshore oil rig and marine job opportunities. This website was setup as a single access web portal to provide everything you need to know to find, apply and secure an offshore oil rig job.”
Currently on the OOG site, there are 28 countries with offshore job portals: USA, United Kingdom, United Arab Emirates, Turkey, South Africa, Singapore, Saudi Arabia, Russia, Qatar, Philippines, Peru, Pakistan, Oman, Norway, Nigeria, New Zealand, Mexico, Malaysia, Kuwait, Indonesia, India, Hong Kong, China, Canada, Brazil, Bahrain, Australia, and Argentina.…
“If you want to be an economist, it would be wise to study the economy.” [1]
It was a simple but profound statement made in an everyday email exchange. The writer was Peter Boettke, the author of an important new book, Living Economics: Yesterday, Today, and Tomorrow (reviewed below), which makes a case for realistic, applicable, fascinating economics in place of so much of the hyper-theoretical, classroom variety.
Real-world economics elucidates the world of business, politics, and decision-making in general. Such analysis and application brings in real-world energy, the subject of MasterResource and much of my books.
A prolific scholar, Dr. Boettke is BB&T Professor for the Study of Capitalism, Mercatus Center, and University Professor of Economics and Philosophy, Department of Economics, all at George Mason University. He was profiled for his good teaching work in the Wall Street Journal piece, Spreading Hayek, Spurning Keynes.…
The following was published at Econlib (Library of Economics and Liberty by Rob Bradley with the editorial help of David R. Henderson.
A website project of Liberty Fund, Econlib offers concise, online classical-liberal scholarship for “students, teachers, researchers, and aficionados of economic thought.”
Mineral resources, not synthetically producible in human time frames,1 are fixed in the earth. As each is mined, less supply remains, suggesting that cost and, thus, price must increase as production cumulates.
Yet, for virtually all minerals, the opposite seems to be true: As more is mined, more is discovered to be mined. Prices and costs do not inexorably rise. What was high-cost yesterday has become lower-cost, undercutting the perennial complaint that “the easy stuff has been found.” Overall, there seems to be little difference between minerals and general goods and services.…