The 60-day waiver of the Jones Act (which requires that cargo moved between domestic ports is carried on US vessels) will deliver substantially lower average US gas prices at the pump than otherwise over the next two months.
As readers will know, the global economy is in the early stages of an energy price shock driven by the ongoing conflict in the Middle East and the effective closure of the Strait of Hormuz. This particular crisis is both difficult to write about and clouded in uncertainty. As with any geopolitical issue, and especially […]
This European survey examines (a) The release of strategic oil reserves announced by the International Energy Agency will deliver substantially lower prices for vehicle fuels over the next six months than would otherwise have been the case; b) Assuming that world commodity prices over the next six months continue to be elevated and volatile, temporarily subsidising or capping natural gas prices would be an effective way to protect European households and businesses from high energy bills; (c) The vulnerability of the European economy to high and volatile fossil fuel prices indicates the need for stronger incentives to promote decarbonisation rather than rowing back on policy support for the energy transition
This US survey examines (a) The release of strategic oil reserves announced by the International Energy Agency will deliver substantially lower US gasoline prices at the pump over the next six months than would otherwise have been the case; (b) Assuming that world oil prices over the next six months continue to be elevated and volatile, temporarily suspending the federal gasoline tax would deliver substantially lower gas prices at the pump than otherwise over that period; (c) A temporary cap on US gasoline prices would substantially lower prices at the pump over the next six months without creating scarcity
This installment of the FTxBooth US Macroeconomists Survey discusses economists’ views regarding the rapidly fluctuating price of oil and its affect on the economy at large. The summary results are below and you can read the Financial Times article here, subscription required. View the results of this survey>> For social media: Please use the hashtag […]
It has always been quite hard to square the Trump presidential campaign’s regular focus on ‘affordability’ – or sometimes just ‘the price of eggs’ – with the actions his second administration has embarked on in office. In the view of most economists, the President’s signature economic policy – the imposition of tariffs – makes many […]
Over the last few years global equity market investors, and especially those closely following US markets, have devoted an awful lot of time to thinking about the future of artificial intelligence (AI). The promise of speculator returns, and the potential of large first moved advantages, have seen the price of AI-exposed firms – and in […]
This Finance survey examines: If an AI-driven services productivity boom materializes over the next five years, it will substantially reduce current stock market valuations for firms with a large percentage of white-collar employees
The Clean Air Act is a foundational piece of US environmental legislation and, since 2009, has sat at the core of the government’s approach to regulating harmful emissions, such as carbon monoxide. The Environmental Protection Agency has now revoked its so-called greenhouse gas endangerment finding, potentially leading to a wave of deregulation. As a useful […]
