Saudi Arabia Puts U.S. Energy Producers to a Test—and They Ace It

Wall Street Journal        Only a few years ago America’s policy makers were wringing their hands about “peak oil” and dependence on imported fuels. Now headlines feature the return of oil gluts. What happened? Saudi Arabia undertook a “stress test” of America’s oil-and-gas industry that produced unintended consequences.

Tomorrow’s Manufacturing Revolution

Wall Street Journal        President Trump says he will revive U.S. manufacturing through better trade deals and tax incentives. Others argue that America has entered a new “postmanufacturing” era. Sound familiar? In the 1970s, the U.S. had a stagnant economy, sluggish productivity, high unemployment and an auto industry threatened by the Japanese “juggernaut.” Doomsday was…