Simulation: the weblog

That US oil shock simulation again...

An earlier posting on this blog referred to a simulation of the effects of a major oil price shock, conducted by the US National Commission on Energy Policy and "Securing America's Future". I expressed some doubts at the time about the validity of the simulation.

However, there's no denying the impact of something like this if you pitch it at the right level. Recently, it has been quoted by the Irish news service Finfacts and the London Financial Times, as well as several blogs