New well drilling technologies, when utilized to fracture common shale formations promise to provide access to very large volumes of gas. Indeed, the trade press and news media have generally taken the position that “fracgas” over the next decade can add up to 800 trillion cubic feet of...

The authors demonstrate that the United States profits handsomely in all circumstances by imposing an embargo on imports of foreign crude oil. The US removes its exposure to foreign oil supply shocks and recovers deadweight lost producers surplus. The embargo plan will lead to greater domestic...

The US energy strategy that would change the outlook worldwide is that for replacing crude oil with other liquids fuels to run automotive engines. Other strategies wander off into exotics requiring subsidies to produce heat or electricity not diesel, heating oil or gasoline. There is no...