Sanctions on Russia are increasing, not decreasing, its revenue

The European Union has just approved new sanctions against Russia, including a price cap on oil sales, following the United States' Sept. 30 announcement of new economic sanctions. Both announcements are in response to Russia's ...

Why it's not anti-environmental to be in favor of economic growth

In the midst of today's cost of living crisis, many people who are critical of the idea of economic growth see an opportunity. In their recent book The Future is Degrowth, for example, prominent advocates Matthias Schmelzer, ...

How price shocks in formative years scar consumption for life

Were you a teenager in the 1970s when gasoline got costlier and later found yourself driving less? If yes, you may be part of a generation whose "later-life travel behavior" was shaped by gas price shocks in its formative ...

Harvard economist weighs in on new inflation data

Inflation continued to soar in February, with a key measure hitting a 40-year high, according to federal data released Thursday. Driven by higher energy costs, gasoline in particular, the Consumer Price Index rose 7.9 percent, ...

How fracking could cushion oil price shocks

Fracking, or the extraction of oil and gas from shale rock formations, is suddenly more attractive with the surge in oil prices fueled by Russia's invasion of Ukraine. The conflict threatens disruption of natural gas flows ...

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