Monday , October 15 2018
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Tuesday afternoon links – Publications – AEI

Summary:
AEI Tuesday afternoon links 1. Chart of the Day (above) shows average monthly oil output in North Dakota, which increased in May to 1.24 million barrels per day establishing a new all-time record production high, surpassing the previous record of 1.23 million bpd in December 2014. More than 95% of North Dakota’s oil comes from the shale-rich Bakken region in the western part of the state, and oil production in the Bakken also set a new record of 1.19 million bpd in May. Remarkably, oil production in the Bakken oil fields in early 2007 was only 12,00o bpd, so the production last month represented a 100X increase in oil output in just a little more than a decade. And then the Shale Revolution happened….. 2. Backfire Economics I. Tariffs Put a Frown on Pistachio Growers as California farmers

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AEI
Tuesday afternoon links

Tuesday afternoon links - Publications – AEI

1. Chart of the Day (above) shows average monthly oil output in North Dakota, which increased in May to 1.24 million barrels per day establishing a new all-time record production high, surpassing the previous record of 1.23 million bpd in December 2014. More than 95% of North Dakota’s oil comes from the shale-rich Bakken region in the western part of the state, and oil production in the Bakken also set a new record of 1.19 million bpd in May. Remarkably, oil production in the Bakken oil fields in early 2007 was only 12,00o bpd, so the production last month represented a 100X increase in oil output in just a little more than a decade. And then the Shale Revolution happened…..

2. Backfire Economics I. Tariffs Put a Frown on Pistachio Growers as California farmers lose business in China to Iran. (WSJ)

3. Backfire Economics II. Wisconsin Growers, Manufacturers Give Earful To Sen. Ron Johnson On Trump Tariffs (Wisconsin Public Radio)

4. Backfire Economics III. ‘We’re All Just in Limbo:’ 3 Florida Business Owners Feeling the Heat of Tariffs (US Chamber of Commerce)

5. Backfire Economics IV. ‘Real Ugly, Real Quick’: 3 Pennsylvania Industries Feeling the Sting of Tariffs (US Chamber of Commerce)

6. Backfire Economics V/Irony. ‘Make America Great Again’ hats could double in price after new US tariffs (ABC News)

Tuesday afternoon links - Publications – AEI7. Cartoon of the Day (above) on Trump’s unwinnable trade war.

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8. America, Here’s Your Insane, Immoral Drug War. Police Kill Man with Bulldozer over 10 Marijuana Plants as Drug War absurdity meets police recklessness. (Reason)

9. Who’d a-Thunk It? The $15 Minimum Wage Is Wreaking Havoc On New York City Dining? (The Federalist)

10. Quotation of the Day is from Thomas Sowell’s 1996 book The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy:

It is so easy to be wrong – and to persist in being wrong – when the costs of being wrong are paid by others.

Tuesday afternoon links
Mark Perry

Mark Perry
Mark J. Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan’s Flint campus. He is best known as the creator and editor of the popular economics blog Carpe Diem. At AEI, Perry writes about economic and financial issues for American.com and the AEIdeas blog.

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