Economics Archives

Why CO2 Emissions From Manufacturing Industries Are Here to Stay

What role do fossil fuels play in manufacturing? How much do renewables help? What’s the solution to carbon emissions? Vaclav Smil believes that, in manufacturing industries, fossil fuels are here to stay—at least for the foreseeable future. Even green electricity relies on manufactured materials that are produced with power from fossil fuels. But, he says there are a few things we can do to reduce the use of these materials. Read more to learn about why CO2 emissions from manufacturing industries are a reality we have to live with, at least for now.

The Natural Resource Curse—A Paradox of Wealth & Poverty

How can a country rich in resources be so poor? Why is the energy industry a bad investment for developing countries? You would think that a country rich in natural gas and oil would also be rich in money, but you’d be wrong. The natural resource curse refers to the idea that countries rich in natural resources tend to suffer the most because the money often goes to authoritarian governments, rather than the people. Read below to learn about the natural resource curse and how it came about.

Michael Shellenberger: Apocalypse Never (Book Overview)

How worried should we be about climate change? And, why is it controversial to even ask this question? For Michael Shellenberger, Apocalypse Never: Why Environmental Alarmism Hurts Us All is a chance to set the record straight about the climate situation and assess it from a rational perspective. He says it’s harmful when people distort science to push an agenda, and he’s optimistic about the planet’s future. Continue reading for an overview of Michael Shellenberger’s Apocalypse Never.

Will the US Raise the Debt Ceiling? What You Need to Know

What is the debt ceiling? Why is defaulting on the country’s debt so bad? Will Congress and the White House reach a deal to raise the debt ceiling by June? Analysts say that Congress and the White House must reach a deal to raise the $31.4 trillion debt ceiling by June to prevent the US government from defaulting on its debt. With the clock ticking and Democrats and Republicans both refusing to budge on their positions, there’s no deal in sight. Keep reading to learn why the debt ceiling is so important and why Congress and the White House are

Examples of How the Oil Curse Can Destroy a Nation

What is the oil curse? Why is having an abundance of oil a detriment to a country rather than a money-maker? In her book Burnout, Rachel Maddow explains why countries rich in oil are usually stricken with poverty. She discusses Equatorial Guinea, the United States, and Russia. Continue reading to learn how the oil curse can afflict a nation.

Vaclav Smil: Climate Change Must Be Addressed Realistically

How well do people understand the way the world works? How does this impact our assessment of climate change and its solutions? According to scientist Vaclav Smil, climate change can be slowed, but only gradually and at great expense. In How the World Really Works, he argues that this is because our current way of life relies so heavily on fossil fuels. Keep reading to understand the climate situation in the context of how the world really works.

The Problems With Renewable Energy: How Solar & Wind Fail Us

Is the use of solar and wind energy good for the environment? Why are conservationists at odds with environmentalists? The primary driver of climate change, and the most important issue to tackle, is society’s ever-growing energy consumption. Renewables are all the rage. However, as Michael Shellenberger explains, renewable energy has its own disadvantages and even harmful effects. Read more to learn about the problems with renewable energy.

How Russian Oil and Gas Gave Putin More Power

How have Russia’s oil and gas industries made the country a superpower? In what ways has Putin taken advantage of them? In her book Blowout, Rachel Maddow claims President Vladimir Putin used Russia’s energy companies to manipulate other countries. She argues that he’s created a monopoly that relies on illegal and corrupt practices. Keep reading to learn about Putin’s control of Russia’s energy resources.

The Benefits of Nuclear Power: A Safe, Clean, & Reliable Choice

How costly are nuclear power plants? Can they keep up with growing energy demands? How safe are they? We can’t get away from our dependence on energy. Michael Shellenberger argues that nuclear is the way to go. He explains the benefits of nuclear power and addresses the reservations and misconceptions many people have about it. Read on to understand Shellenberger’s argument for nuclear power, and see whether you’re convinced.

Increasing Taxes on Energy Companies: The Answer to Corruption?

Is it possible to stop corruption in the energy industry? Is there a way for energy companies to improve the countries they’re in, rather than destroy them? In Blowout, journalist and MSNBC commentator Rachel Maddow exposes the corruption and exploitation in the oil and gas industry. At the end of her book, Maddow suggests a few solutions to the problem, including increasing taxes on energy companies. Keep reading to learn how the world can fix the energy industry.