Expanding oil exploration and drilling on public lands and offshore is likely to create jobs and help offset the negative effects of oil price shocks.

The United States needs a comprehensive energy program with a broad "do it all" approach, so the president's offshore energy decision is a step in the right direction.

Oil shocks have different effects on energy- and nonenergy-producing states.

In "Hedging Against Peak Oil Shocks," Marc D. Weidenmier studies how increases in the price of oil affect employment and unemployment, both in energy- and nonenergy-producing states.

Much of America's energy debate can be summed up as "drill, baby, drill" versus "farm, baby, farm." Fans of conventional energy are pressing for the development of America's native oil and gas resources, while advocates of renewable energy call for greater amounts of biomass, either as conventional ethanol or...

When markets are irrational, it's impossible to say what might set them off, and fear of disaster becomes a powerful excuse for policy makers to do whatever they choose.