Free Market, Not Government Policies, Drives Economic Boom
Government attempts at decreasing American dependence on foreign oil have been largely unsuccessful. However, a new energy alternative from the private sector has increased energy supply and reduced the need to look abroad for energy sources.
UN Climate Talks and the Power Politics: It’s Not about the Temperature
By
Steven F. Hayward
Testimony before the House Committee on Foreign Affairs
Wednesday, May 25, 2011
The international diplomacy of climate change is the most implausible and unpromising initiative since the disarmament talks of the 1930s, and for many of the same reasons; that the Kyoto Protocol and its progeny are the climate diplomacy equivalent of the Kellogg-Briand Pact of 1928 that promised to end war (a treaty that is still on the books, by the way), and finally, that future historians are going to look back on this whole period as the climate policy equivalent of wage and price controls to fight inflation in the 1970s.
The Troubled Outlook For Oil Markets
If Obama is serious about wanting to increase domestic oil production, he'll move to open up new areas for exploration, and ask Congress to amend statutes that enable third party lawsuits to tie up drilling permits for years.
Ahead! An Oil Slick on the Fed's Road
The Fed gambled that the benefits of the stimulus of QE to financial markets would offset the adverse effects of oil price developments. We will live with the consequences of that judgment in coming quarters.
