Friday, September 14, 2012

Euro Rallies After QE3

It's infallible: I buy a ticket to France, and the euro goes through the roof:


More on the Dutch Elections

Here and here.

Hollande Opposes Fracking

François Hollande has rejected 7 applications for fracking permits in France. I remain undecided about the wisdom of fracking, which has seriously transformed the U.S. energy equation. There is some evidence of environmental damage, but the claim that such damage is worse than that associated with other forms of energy supply has not been proven. At first glance, Hollande's rejection seems to be based not on a cost-benefit analysis but on implacable opposition to the technology.