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Tuesday evening links – Publications – AEI

Summary:
AEI Tuesday evening links 1. Chart of the Day I (above) shows another pending US energy milestone. According to EIA’s latest forecast the combined oil production in America’s Big Three oil fields (Bakken, Eagle Ford and the Permian Basin) will top 7 million barrels per day next month — an amazing seven-fold (and 600%) increase in just a decade thanks the twin revolutionary advances in drilling and extraction technologies (hydraulic fracking and horizontal drilling) that have accessed oceans of oil resources trapped in shale formations miles below the ground were previously inaccessible using conventional extraction technologies. Carpe oleum! 2. Venn Diagram of the Day (above) was inspired by Don Boudreaux’s recent post “Bonus Quotation of the Day” featuring a quote from Pierre Lemieux

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AEI
Tuesday evening links

Tuesday evening links - Publications – AEI

1. Chart of the Day I (above) shows another pending US energy milestone. According to EIA’s latest forecast the combined oil production in America’s Big Three oil fields (Bakken, Eagle Ford and the Permian Basin) will top 7 million barrels per day next month — an amazing seven-fold (and 600%) increase in just a decade thanks the twin revolutionary advances in drilling and extraction technologies (hydraulic fracking and horizontal drilling) that have accessed oceans of oil resources trapped in shale formations miles below the ground were previously inaccessible using conventional extraction technologies. Carpe oleum!

Tuesday evening links - Publications – AEI

2. Venn Diagram of the Day (above) was inspired by Don Boudreaux’s recent post “Bonus Quotation of the Day” featuring a quote from Pierre Lemieux (with a minor edit): “Foreign subsidies are not deemed unfair by the consumers (or businesses) who benefit from lower prices. One wonders why people who appreciate subsidies from their own government taxpayers would reject them when they come from foreign taxpayers.”

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3. Huge Gender Gaps. a) If you do a Google search for the phrase “Man drowns saving….” you’ll find about 11,000 results for a general Google search and 3,550 results for a Google news search. Then do a search for “Woman drowns saving…..” and you’ll get only 277 general results and 9 results for a Google news search. b) Men are 3X more likely than women to ride a bicycle for transportation in Seattle and 2x more likely in Minneapolis-St. Paul.

More empirical evidence that when it comes to risk-taking, women are much more risk-averse than men. Saving people is dangerous, as is riding a bike in congested metro areas, and women just aren’t as likely as men to engage in dangerous, risky activities. That’s why men pay higher premiums for car insurance than women, and that’s one gender gap you probably won’t hear very many women complaining about!

Tuesday evening links - Publications – AEI

4. Graphic of the Day (above) on socialism.

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5. Quotation of the Day is from Kevin Williamson’s National Review article “Trump’s Trade-War Casualties“:

Donald Trump is obsessed with the so-called trade deficit — a confusing term used to mislead the lightly informed about the phenomenon in question — and he has been obsessed with it since Ross Perot’s “giant sucking sound” was a thing. Trade, and not illegal immigration, is Trump’s longest-standing hobbyhorse. And when he got into Washington, he rode that hobbyhorse all over town, leaving a trail of the stuff horses leave trails of.

Tuesday evening links - Publications – AEI

6. Chart of the Day II (above) shows annual CO2 emissions in the US from 1991 including the most recent EIA forecast of US annual CO2 emissions through 2040, which are expected to follow a gradual steady downward trend that started in 2007 to below the 1991 level by 2025 and even lower after that. Who needs the Paris Accord when America’s CO2 emissions are predicted to fall to a 34-year low within six years?

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7. The One Policy Every Economist Agrees is Horrible? Rent control, according to Megan McArdle, writing in the Washington Post.

8. You Can’t Discriminate Except When You Can. Disclaimer: It is the policy of the Arlington Public Schools to prohibit discrimination on the basis of race, national origin, creed, color, religion, gender, age, economic status, sexual orientation, marital status, gender identity or expression, and/or disability.

But then there’s this: Virginia Public High School Bans Students From Picking A White Male Scientist For Biography Project.

9. Inconvenient Fact: Banning plastic bags won’t save our planet says Bjorn Lomborg. “You must reuse an organic cotton shopping bag 20,000 times before it will have less environmental damage than a plastic bag.”

10. Video of the Day (below): Marriott now competes with AirBnb for home sharing.

Tuesday evening 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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