Economy

Do we want to keep fixing the same issue? Unlearned lessons from the first big oil crisis

As energy prices tripled in the 1970s due to Middle Eastern wars, Scandinavia, France and the Netherlands sped up green transition

What is the Strait of Hormuz and can the US stop Iran from blocking it?

Energy prices have soared as Iranian strikes and reports of mines prevent ships from transiting the chokepoint

Seven in 10 Americans say Trump tariffs have cost them more money

Exclusive survey finds negative economic impacts felt across party lines as White House doubles down on tariffs

We Would Be Entering a Completely Different World

The Iran war has already created the “largest supply disruption in the history of the global oil market,” according to the International Energy Agency, and the situation could still get much worse. Iran has vowed to sink any ship trying to pass through the Strait of Hormuz, the waterway responsible for carrying a fifth of the world’s oil supply. And according to The Wall Street Journal, the U.S. Navy has turned down requests to escort ships through the strait, deeming such efforts too dangerous. In a Wednesday interview with Fox News, Secretary of Energy Chris Wright said that the strait would reopen “hopefully in the next few weeks.” Note the adverb.

The Great American Condo Crisis

If the U.S. wants to remain a nation of homeowners, it has no choice but to start building condos again.

Trump's MFN policy threatens US competitiveness with China

Congressional enactment of the “most favored nation” drug pricing policy urged by President Donald Trump in his State of the Union message would gravely harm American innovation, competitiveness, and national security in the emerging pharmaceutical technology race with China by crippling the market incentive system that has reliably propelled U.S. global leadership in this vital sector for decades.