Thirst for the liquor is booming around the world -- from the U.S. to developing countries like China -- pushing prices of older vintages through the roof, attracting savvy investors hoping to cash in and forcing distilleries to scramble to meet demand.
"The shortage of old and rare single malt ... has already started, and it's going to get worse," said Rickesh Kishnani, who launched the world's first whisky investment fund.
The problem is that age-labeled single malt Scotch has always been, by design, a limited commodity. Distillers produce a set amount in a given year with pretty much zero visibility about what demand will be like when the bottles start hitting venerable ages.
The industry woke up to the current boom too late. In the late 1980s, many distilleries were going out of business, and just a decade ago, Scotch exports were stagnating.
More capacity is being added now, but the bad news for whisky drinkers is the shortage could last another 10 to 15 years, experts say.
For the record, I am a Bourbon drinker. Always have been (when I'm not drinking beer)--since, well, I'll keep that to myself in case my kids are reading.
And I like to keep it simple: Jim Beam and Jack Daniels do just fine. Especially when mixed with ginger ale or Coke. Sure I will drink the niche-stuff (small batch) if someone else is buying--Knob Creek is yummy.
And yes, I know Jack Daniels is technically a Tennessee whiskey and not Bourbon, but that difference is the same as the difference between 'soda' and 'pop.' Same product, different name.
A German environmental group said on Thursday it has found traces of the widely used weed-killer ingredient glyphosate in Germany's 14 most popular beers, a potential blow to the country's reputation for "pure" brewing.
Industry and government immediately sought to play down the report from the Munich Environmental Institute.
The Brauer-Bund beer association said the findings, which were based on a small number of samples, were not credible. Germany's Federal Institute for Risk assessment said the levels did not pose a risk to consumers' health.
"An adult would have to drink around 1,000 liters (264 U.S. gallons) of beer a day to ingest enough quantities to be harmful for health," it said in a statement.
A colleague received an email that alerted me to this one:
Asian Social Science (ASS) is an international, double-blind peer-reviewed, open-access journal published by the Canadian Center of Science and Education. The journal focuses on the following topics: anthropology, sociology, politics, culture, history, philosophy, economics, education, management, arts, laws, linguistics and psychology. It provides an academic platform for professionals and researchers to contribute innovative work in the field. The journal carries original and full-length articles that reflect the latest research and developments in both theoretical and practical aspects of society and human behaviors.
The world may be getting warmer, but it is not getting much wetter. It quaffed 249 billion litres of alcoholic drinks in 2014, a modest increase of 1 billion over the preceding year. When measured by intake per head of the drinking-age population, consumption is down a little from a peak of 56.6 litres in 2012 to 55.4 litres in 2014. People in rich countries are the ones imbibing less—a moderation that has not (yet) been matched by a corresponding binge in emerging markets. India, for instance, is the ninth-largest alcohol market, yet consumption per head is low. Small wonder that drinks companies see an enormous market waiting to be tapped.
The Internet and social media are plenty of cute fluffy cats, because kittens sell, especially among academics. Everybody knows that!
But what about beer? I love craft beer (and kittens, of course), and in Twitter I’ve found many hashtags on beers such as #beer #craftbeer #beerbods #beertography #breweries #beerselfie and so on.
However, there isn’t a hashtag for academics who love beer, as me, and I was curious if beer could help me to engage others scholars in Twitter. So, I started “an experiment” launching #academicswithbeer with the help of Cristina Rigutto.
A lot of people replied, retweeted and favorited this tweet! And you are invited to join the conversation too!
John Whitehead and Tim Haab are excited to announce the launch of ENVIRONMENTAL ECONOMICS. A website and blog dedicated to accessible writings on environment and natural resource issues written by economists. ENVIRONMENTAL ECONOMICS can be found at www.env-econ.net
On the site you will find:
Current event and news analysis
Literature reviews for the lay reader
Summaries of recent research findings
Back of the envelope analyses
Rules of thumb
Case studies for teaching
Simple data analyses
Research notes, comments, replies
All postings are accessible, non-technical writings by expert economists. The site will appeal to students and members of the public interested in what economists have to offer in the analysis of environmental issues. If you are interested in posting to the site please follow the instructions on the site.
The site will be continually evolving so check back often (it would even make a very nice default homepage). Pass the site along to anyone you think might benefit from reading economic views on environmental issues.
"This blog aims to look at more of the microeconomic ideas that can be used toward environmental ends. Bringing to bear a large quantity of external sources and articles, this blog presents a clear vision of what economic environmentalism can be."
Don't believe what they're saying
And allow me a quick moment to gush: ... The env-econ.net blog was more or less a lifeline in that period of my life, as it was one of the few ways I stayed plugged into the env. econ scene. -- Anonymous
... the Environmental Economics blog ... is now the default homepage on my browser (but then again, I guess I am a wonk -- a word I learned on the E.E. blog). That is a very nice service to the profession. -- Anonymous
"... I try and read the blog everyday and have pointed it out to other faculty who have their students read it for class. It is truly one of the best things in the blogosphere." -- Anonymous