The U.S. is at the forefront of the unconventionals revolution. By 2020, shale sources will make up about a third of total U.S. oil and gas production...by that time, the U.S. will be the top global oil and gas producer, surpassing Russia and Saudi Arabia, PFC predicts.

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 Cold War is an increasingly distant memory in American military minds, except in the minds of the arms control community, and in particular those who seek the elimination of nuclear weapons. Alas, our president is a member in good standing of this community—indeed, an organizer.So, too, it...

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

It is a myth that we have to make a painful transition to alternative fuels and renewables to avoid the disastrous effects of peak oil.

Twelve years into the 21st century, the dominant financial and economic fact is that we are still living in the wake of athe vast housing and mortgage bubble, which peaked in mid-2006, almost six years ago.  

Greece's economic and political unraveling could not be coming at a worse moment for President Obama. The crisis has the potential to send shock waves not simply through Europe but also through global financial markets on the very eve of the U.S. presidential election.

Many commentators argue that uncertainty about taxes, government spending and other policy matters deepened the recession of 2007-2009 and slowed the recovery. To investigate this issue we develop a new index of policy-related economic uncertainty and estimate its dynamic relationship to output, investment and employment.