The United States may be the only major oil-producing nation where the domestic politics of petroleum production appear almost entirely divorced from its international interests.
What if the world never again sees sustained prices for oil over $100 per barrel?
What if—absent exogenous black-swan events like major wars—oil never sells for much more than $50 per barrel for decades into the future? Who wins? Who loses?
The press has been abuzz recently with yet another energy surprise. America is producing so much oil from shale that the nation is, ostensibly, running out of places to store it all. The total quantity of petroleum stuffed into huge steel tanks right now is at levels not seen for 80 years. Cushing, Oklahoma, for…
The Oscar-winning movie, The Imitation Game, opened with a scene that perfectly captured an age-old conflict between brilliant science and bureaucratic sensibilities.
Finally, there’s a number that says something useful about the mobile revolution. A newly released global survey finds that an average consumer puts an implied value of $6,000 on their smartphone. That single number explains all the other engineering-centric statistics that are thrown around about this domain, from the rapidity of adoption to megabytes of wireless bandwidth…
It was predictable. Oil gets cheap and now there’s a contingent in Congress looking to slap a new tax onto gasoline. What’s surprising is that there are some conservatives in both Congress and the pundictocracy also receptive to the notion, including the estimableCharles Krauthammer.