Looking for good news in American innovation? Over the past five years, technology has improved the productivity of the typical oil or gas rig on America’s shale fields between 200 and 300 percent according to industry experts at Bentek. This stunning gain in energy yielded per dollar of capital explains why U. S oil production…
To find some good news about the global economy you have to go digging. Analysts, notable John Tamny in the Wall Street Journal, see the fall in gold prices as bullish for economic growth. Think of falling gold prices as a trailing indicator of investments shifting from safety to optimism. Moving cash from gold to growth. For a leading indicator we don’t dig…
Can we be optimistic about something in Washington? I’m talking about two pieces of news this week. One about what oil and gas can do for the American economy, and the other about the next Secretary of Energy.
America’s sputtering economy and persistently high unemployment are urgent matters. Does anyone think opening up negotiations with the 27-member European Union (E.U.) will have a near-term impact on either side of the Atlantic?
Now comes the Energy Information Administration’s latest forecast, featured last week in the Wall Street Journal, predicting a 0.7% per year growth in America’s use of kilowatt-hours (kWh) for the next two decades. Does that portend a future of low economic growth?
For those who want to see the “future that has already happened” (to paraphrase my favorite Peter Drucker aphorism), I recommend reading three illuminating reports. Soft Power: Zero to 60 Billion in Four Years, from Entropy Economics Industrial Internet: Pushing the Boundaries of Minds and Machines, from GE. Analytics: The real-world use of big data,…