Working on an economic story today? Here’s the latest from AEI experts on today’s economic stories.
If American political leaders turn the nation’s increased energy production into power, the United States will have good strategic options to deal with any new Chinese challenge. This strength is the safest, best way to persuade China to choose comity over rivalry.
Retiring the Jones Act – the nearly century-old legislative relic of the past that drives up energy prices and conflicts with the U.S. goal of achieving greater energy independence – is long overdue.
The impact of the shale revolution in the United States on global energy markets has been huge.
Several new energy milestones were reached recently that reflect America’s emerging status as an energy superpower.
The recent EPA comment on the State Department analysis of the Keystone XL pipeline is nonsense, arguing that the pipeline would increase global greenhouse gas emissions. In reality, the Canadian oil will be produced, and the only questions are where it will be refined and at what higher cost.
A balanced mix of energy options is an essential characteristic of a robust and resilient system.
Ben Zycher explains how the crude oil transport system currently works, what the Keystone XL project will do to change that, and why the political back-and-forth has become so polarized.
With respect to climate change, Keystone XL would transport 830,000 barrels per day of Canadian crude oil, the total greenhouse gas (GHG) emissions from which would be 147-159 million metric tons per year on a lifecycle basis. In the extreme case in which the oil does not displace any other crude oil production elsewhere in the world, the increase in GHG emissions would be about 0.4 percent of the world total.
The opposition to Keystone XL is one manifestation of the essential anti-human core of modern environmentalism that has become more prominent in the Democratic Party.