The U.S. Environmental Protection Agency (EPA) has announced that it will finalize a sweeping new regulation, the Clean Power Plan (CPP), to fight climate change–yet, the EPA admits the CPP will have no measurable impact on global temperatures. The main effect on major regions across the country will be either steeply rising electricity rates or potentially catastrophic shortages of electricity.
The shale revolution is a uniquely American story
The story of the shale revolution is not just the scuttled claims that we’re running out of energy resources. It is also an important lesson about American exceptionalism and the conditions that made this breakthrough possible. The shale revolution likely could not have emerged and resiliently endured in any country other than the U.S. The...