Energy Markets Still Punish Policy Weakness
Venezuela illustrates how quickly political dysfunction can translate into market risk. Once one of the world’s largest oil producers, the country has spent years constrained by mismanagement, corruption, and chronic instability. The consequence is not just lower output. It is persistent uncertainty that markets price in long before any formal supply disruption occurs. Energy markets respond as much to expectations as to physical shortages. When producers operate under unstable governance, investment decisions change first. Projects ...
New paper on predator management looks at wolves in the western U.S.
The answer is nuanced and differs based on what each state hopes to achieve by having wolves living within the state’s borders. Each state in the western United States has either developed its own map for success or seems to be grappling with how to address a way forward now. In some cases, the state and federal protections of Mexican and gray wolves have created additional challenges, and, in others, the challenges have come from ...
Newsom budget expands green subsidies taxpayers can’t afford
California is staring at a $3 billion budget deficit, but Gov. Gavin Newsom still wants to spend $200 million on electric vehicle rebates. It’s both a foolish gesture and a graphic example of why Sacramento can’t get spending under control. The funds would replace the $7,500 federal EV tax credits for new cars that ended on Sept. 30 through the One Big Beautiful Bill that was passed and signed last summer. “We must continue our ...
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