The proposed steel tariff will benefit the steel industry. This is what is seen as a consequence of the steel tariff. What is unseen is the higher prices for goods that use steel, the lower quantity demanded of those goods, and the resulting lost jobs in industries like automobile manufacturing and construction. Bastiat’s “What Is … More US Steel reopening plant and bringing back jobs: CEO on Trump tariffs
This BBC article on big data and fisheries is fascinating. Using satellite photography, researchers have mapped all of the world’s fisheries by area, finding that fishery area is larger than arable acreage while providing less than 2% of all calories consumed. I also found the conclusion thought-provoking that the patterns reveal larger effects from politics … More BBC News: World’s fishing fleets mapped from orbit
Barry Smitherman has an op-ed in the Dallas Morning News, “How Texas used a free market to reduce electricity prices and pollution.” Smitherman is former chairman of the Texas Railroad Commission and before that of the Texas Public Utilities Commission. He highlights price reductions available to consumers as compared to prices immediately before the retail … More Barry Smitherman: How Texas used a free market to reduce electricity prices and pollution
A team of researchers from Stony Brook University have asked us to help them study the role that emotion plays in politics. I have completed the survey myself, and it only took me a few minutes to finish. The survey is completely anonymous. Click the link below to begin the survey: https://stonybrookuniversity.co1.qualtrics.com/jfe/form/SV_bDvaFRlp0rmqYBf
“The Lone Star State approaches electricity policy—among other things—a bit differently,” wrote the R Street Institute’s Devin Hartman in “Testing Texas power.” That “differently” is one benefit of the quasi-independent status of the ERCOT grid. While there are benefits to harmonization of rules across regions, there are also benefits to exploring alternatives to whatever currently … More Texas’s power market performance
How should state and federal governments make decisions concerning offshore federal resources the development of which may affect nearby states? Two approaches: one, give the Trump administration a huge political negotiating chip, with which it can reward friendly politicians, or two, a transparent system that seeks to treat all U.S. citizens fairly. Pick one. Last … More Should the Trump administration get to play politics with offshore federal oil and gas resources?
Happy New Year! At Forbes Brian Potts asks a pithy question: will 2018 be the year of solar or coal? He starts with an observation familiar to most who have a passing familiarity with energy innovation in the past decade: the decline of coal as an electricity generation fuel source is a consequence of the … More Will 2018 be the year of solar or coal?