In response to significantly lower oil and natural gas prices, America’s energy sector is retrenching rapidly. The drilling rig count has dropped by more than 50 percent over the past year, while companies large and small have announced sizeable layoffs and cuts in their capital budgets for 2015 and 2016. Nonetheless, several states, including Pennsylvania and Ohio, are considering imposing or hiking production taxes—called severance taxes—on oil and gas operators. These increases will be in neither the public’s nor the industry’s best interests
2015 may go down in the books as the year support for renewable energy died—and we are only a few months in. Policy adjustments—whether for electricity generation or transportation fuels—are in the works on both the state and federal levels.
The US-EU “competition” of protectionist digital industrial policies — U.S. Title II net neutrality vs. the EU’s emerging “platform neutrality” plans — creates an ironic backdrop to negotiations for the US-EU Transatlantic Trade and Investment Partnership (TTIP) “free” trade agreement. Heightening the irony, the Obama Administration, not the European Commission, has been the protectionist digital industrial policy leader, trailblazing the political path for the EU’s Single Digital Market to follow.
In spite of the great advances in reducing poverty and increasing the freedom and dignity of hundreds of millions of people around the world, the political and cultural climate virtually everywhere around the world is one of anti-business and anti-capitalism.
One of the great myths about the capitalist system is the presumption that businessmen make profits at the expense of the consumers and workers in society. Nothing could be further from the truth.
One has to wonder if global warming promoters are oblivious to the manner in which their talking point narratives are plagued with crippling contradictions. Consider the following statements, paraphrased from my own experience of being on the receiving end of such assertions:
One-and-a-half million to 2 million men and women served in America’s defense during the Global War on Terror. According to the U.S. Department of Veterans Affairs, 250,000 service members enter civilian life each year—and that number will rise with the drawdown of soldiers from Afghanistan. As troops return home, they face a new fight: finding a job in a competitive labor market that doesn’t understand how their military experience translates into employees with discipline, organization, and motivation.
The North Dakota oil boom is over. At least that was one of the recurring talking points at the North Dakota Petroleum Council’s (NDPC) annual meeting in Dickinson, North Dakota about a month ago. As the oil field has matured, life in the Bakken has started to become “more normal.” This shift has caused policymakers and local residents to change the way they talk about economic growth; as the boom has turned to bustle, the term “boom” has been replaced by “sustained growth.”
A diverse and growing coalition, has sprung up in opposition to the Clean Power Plan (CPP). Yet most people are unaware of the potential impacts or of the pending deadline for public comment.
This week may be a turning point in the food fight that has been taking place in this country for over a decade.
An analysis published in the American Journal of Preventive Medicine this week (Sept. 17) found that major food companies exceeded their pledge to Michelle Obama that they’ll reduce the calories they sell to consumers.
In this hyper-partisan environment, it is good to know that a majority of Senators can still agree on an issue. When such a rare moment happens, the rest of us should pay attention, as it is probably something very important.
In June, in a sparsely populated county in northern New Mexico, a primary electionsurprisingly unseated an incumbent County Commissioner. No one seemed to notice. But, apparently, high-ranking Democrats to the north were paying attention.
In rural areas, there is often a heated debate over economic development that essentially boils down to a choice between industrial jobs and tourism jobs. Both come with advantages and disadvantages, but to pit these two sectors against each other in an either-or discussion is a false dichotomy. My hometown provides a good example of how industry and tourism can coexist.
Ohio sits above the Utica and Marcellus shales, two geologic formations that have rich energy potential waiting to be unlocked by the process of hydraulic fracturing, commonly referred to as “fracking.” Increased energy production has the potential to be a powerful economic engine for unemployed Ohioans, but the debate over hydraulic fracturing has served to highlight the natural and political fault lines running through the state.
The U.S. has the greatest energy reserves, coal, oil and natural gas, of any nation in the world, but Obama has been waging a “war on coal”, delaying the construction of the Keystone XL pipeline from Canada, and slow to issue permits to explore for new sources of energy reserves on federal lands. The impact on the economy is incalculable, but it is driving up the cost of energy for everyone and every industry.