I've always wondered what the price of gasoline would have to be for Harvard to start drilling in Harvard Square. Now, I'm not a geologist and I don't play one on TV but there could be some oil deposits under that Burger joint. More seriously, when do high commodity prices lead to radical changes in land use patterns?
Fun Blog Reading from The Economist . The full draft of the Glaeser/Kahn paper should be released as NBER Working Paper in a couple of weeks.