A High Energy Country: Energy is the “sine qua non” of an economy. Without energy, work is not possible; without work, nothing is produced; without production, nothing is consumed.
Energy production in recent years has become political with production advocates focused on more drilling, and environmentalists concerned about global warming. It may therefore surprise you to learn that according to economist Brian Wesbury that “The fracking revolution, along with a slight drop in energy consumption, has transformed the U.S. into a net energy producer. In 2023, the country achieved a historic milestone, with energy production surpassing consumption by a record margin.”
Improve your energy economics IQ with Dr. Wesbury’s recent one page “Three on Thursday” post
An Economic Mixed Bag: The week began with the sky falling but by Friday the sky appeared to be back in place. ITR Economics’ Taylor St. Germain sees a mixed bag of economic data. Check out this week’s Fed Watch
Slowdown: “And just like that, the script has been flipped. The government is moving from cooling the economy to reviving it.“ So writes Vistage Speaker Marc Emmer in a recent blog post: “Slowdown Edition“.
