Europe Faces Green Energy Immiseration. Trump Is About to Offer It a Lifeline
Green ideology is deindustrialising the UK and the Continent. America is embracing a more abundant future.
Teddy Roosevelt believed in speaking softly and carrying a big stick. Donald Trump will never speak softly, or even politely, but he will soon pack the power inherent in presiding over the world's number one producer of oil and gas.
Fifty years ago, the US was the world's largest importer of oil, as demonstrated by the pain suffered during the Arab oil embargo. Now, largely due to fracking, any such future threat is moot while Texas's Permian basin, in effect the world's fifth largest oil producer, is expected soon to be responsible for half of all US oil output.
The question now is whether other western countries will embrace this development as a way to break dependence on autocratic regimes like Russia, Iran, Qatar and Saudi Arabia. Particularly promising is natural gas, which provides reliable energy that produces an estimated 40 per cent less carbon dioxide (CO2) than coal and 30 per cent less than oil.
Continue reading the entire article at The Telegraph (paywalled)
Joel Kotkin is presidential fellow in urban futures at Chapman University and senior research fellow at the Civitas Institute at the University of Texas
Economic Dynamism
The Causal Effect of News on Inflation Expectations
This paper studies the response of household inflation expectations to television news coverage of inflation.
.avif)
The Rise of Inflation Targeting
This paper discusses the interactions between politics and economic ideas leading to the adoption of inflation targeting in the United States.
Ignore 'Open Letters' From Economists
Don’t be swayed by “open” letters signed by well-known and well-respected scholars, experts, professors, and businessmen.
Demystifying the New Deal
Carola Binder reviews False Dawn: The New Deal and the Promise of Recovery, 1933–1947 by George Selgin
.jpg)
.avif)
Milei's Mandate
Can Milei convert electoral legitimacy into policy reform durability before political patience runs out?
Elon Musk vs. Jeff Bezos: Is the Moon Big Enough for Two Lunar Billionaires?
Jeff Bezos seems to have realized that Blue Origin must change how it does business and pick up the pace if it expects to keep pace with the frenetic Mr. Musk.
