CITY JOURNAL ….. Elon Musk is back in the news. In a tweet heard ’round the world, he stated a simple truth related to the Ukraine war: “Hate to say it, but we need to increase oil & gas output immediately.” The analogous truth—hate to say it—is that the Biden administration is right: banning and…
REASON Magazine ……. There are now some 120,000 warehouses globally, and another 50,000 are likely to be added before 2025. Over the next few years, more robots will be deployed into these warehouses—the logistics market—than in all other application categories combined, including farming, medicine, and home use.
RBN ENERGY NEWSLETTER ….. Among the many challenges facing the energy transition, one is particularly ominous: a lot of stuff will need to be produced, fabricated, and constructed to replace the hydrocarbon-based energy network that runs the world today.
EPOCH TIMES ……….. The world, we’re told, is not only undergoing an “energy transition” but an “accelerating” one. Except it’s not.
CITY JOURNAL …………. Elon Musk, never one for understatement, recently said that “one of the biggest risks to civilization” is that there “are not enough people” because the “foundation of the economy is labor.” He was reacting both to long-term trends and to the recent lockdown-induced collapse in America’s birthrate.
BIG THINK ……….. We have evidence, hidden in plain sight, that the world is poised for another of history’s rare “mass flourishings,” to use the expression by Nobel economist Edmund Phelps. That evidence is not found in any single headline-grabbing invention, or the stock value of any single company, but is visible instead in the…