Here’s a summary article from Sunday’s New York Times on the uncertainty in the oil industry and its effects. See also this Kevin Hassett article on Tech Central Station from Friday on the economic consequences of high oil prices. And for some insight into the conflicting incentives of Persian Gulf OPEC members regarding Iraq (i.e., …
Crude oil prices are the highest they’ve been in 12 years, and the Iraq situation is only one reason, as I’ve been saying for months and as this Business Week Online article points out. High oil prices and their translation into high gasoline prices have produced their usual response from Midwest politicians — a request …
The U.S. and the E.U. will cooperate in joint hydrogen research, according to this New York Times article (registration required) and this Associated Press article. And on the emissions front, if you take into account emissions of carbon dioxide, an MIT study finds that hybrid engines pollute less than hydrogen engines. The study indicates that …
This outstanding and thorough Wall Street Journal article (subscription required) provides a great overview of the issues involved in hydrogen vehicle research and commercialization. The article focuses particularly on the chicken-and-egg problem of the simultaneous evolution of a technology (the engine) and a complementary technology (the fueling infrastructure): Larry Burns, GM’s top technology guru, says …
This article by Jacob Sullum in Reason Online today is an absolute must-read. Notwithstanding the mounting evidence that moderate alcohol consumption is good for your health, federal regulations mandate that winemakers cannot claim health benefits on their labels. An excerpt: That is the upshot of regulations published this month by the Treasury Department’s Alcohol and …
One of the main culprits in gasoline consumption and mobile-source emissions in urban areas is traffic congestion. A new Reason study provides practical suggestions for turning HOV lanes into toll lanes. From the press release: An accident or traffic jam is going to cause you to miss your flight or your child?s soccer game; Would …
For those of you who are interested in continuing to “follow the money trail” with Iraq, this Heritage Foundation research brief concisely summarizes the known economic relations.
This CNN/Money special report on oil markets has a lot of good content and background on how the oil industry and global oil markets function. Note especially their list of best- and worst-mileage cars, in the context of earlier post on how high gas prices are the mechanism that will induce consumers to reconsider their …
Ya wanna increase fuel economy and reduce our dependence on oil? Let high gasoline prices do their work. From an article in the Press Enterprise (registration required), an inland Southern California newspaper: Amid soaring gas prices nationwide, Californians are paying the most to fill up their vehicles, causing many people to cut back on recreational …
Just got back yesterday from Philadelphia, and the Mercatus Center Congressional Chief of Staff Retreat. Very fun, lots of good conversations.
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