The use of refined petroleum as fuel, which began in the 1850s, freed hundreds of millions of people from the toil of centuries, gave hundreds of millions more a life of ease and plenty, and, by allowing great cities to feed themselves from every corner of the world, multiplied the population of the earth fivefold.
The aircraft that blew up the World Trade Center in New York and the Pentagon in Washington conveyed several messages to the world, of which one of t… - James Buchan
The aircraft that blew up the World Trade Center in New York and the Pentagon in Washington conveyed several messages to the world, of which one of t…
- James Buchan
Life without oil, in fact, would be so different that it is frightening to contemplate. We are addicted, and it is no comfortable addiction. - James Buchan
Life without oil, in fact, would be so different that it is frightening to contemplate. We are addicted, and it is no comfortable addiction.
Economists, like royal children, are not punished for their errors. - James Buchan
Economists, like royal children, are not punished for their errors.
Even before he came to power in 1997, Gordon Brown promised to change the accounts to parliament from simple litanies of cash in and cash out, to a m… - James Buchan
Even before he came to power in 1997, Gordon Brown promised to change the accounts to parliament from simple litanies of cash in and cash out, to a m…
Ever since the destruction of Baghdad by the Mongols in 1258, the Muslim world has been in slow decline relative to the west. With Napoleon's invasio… - James Buchan
Ever since the destruction of Baghdad by the Mongols in 1258, the Muslim world has been in slow decline relative to the west. With Napoleon's invasio…
To give money to a woman - and here I must speak as a man - is to deny her special quality, her irreplaceability, and reduce her unique amiability to… - James Buchan
To give money to a woman - and here I must speak as a man - is to deny her special quality, her irreplaceability, and reduce her unique amiability to…
Bulls don't read. Bears read financial history. As markets fall to bits, the bears dust off the Dutch tulip mania of 1637, the Banque Royale of 1719-… - James Buchan
Bulls don't read. Bears read financial history. As markets fall to bits, the bears dust off the Dutch tulip mania of 1637, the Banque Royale of 1719-…
Profits in business always depend on the rate of interest: the higher the interest, the higher the rate of profit required. - James Buchan
Profits in business always depend on the rate of interest: the higher the interest, the higher the rate of profit required.
Cause and effect, the riddle of all history, is a particular devil in financial history; and never more so than today, where entire classes of securi… - James Buchan
Cause and effect, the riddle of all history, is a particular devil in financial history; and never more so than today, where entire classes of securi…
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