Raising gas and carbon taxes would help president-elect Obama meet many of the objectives he advocated during the election.

Tensions in the Strait of Hormuz are at a more than 20-year high after Iranian authorities threatened to close the 34-mile-wide channel through which more than one-third of the world's oil tanker traffic passes.

In the last twenty-four hours, disorder has engulfed England. Prosperous boroughs in the capital now resemble war zones, as mobs continue to overwhelm police and loot stores.

The world's transportation system will continue to be powered by petroleum for the coming decades so the United States' top priority should be studying the spill and learning from the mistakes that were made.

The right thing to do is to strike all energy subsidies, tax the environmental harms that energy demonstrably creates, and let the market sort it out.

The United States often has been counted out and just as often has proved its critics wrong.

The coming cycle is well worth our attention, not because of the results but because of the political, social and economic contexts in which these elections are going to take place. This cycle is quite different from the three preceding ones, in 2000, 2004 and 2008. And therefore, what might happen after the election could be quite different as well.

A dangerous myth is stalking international economic policy-making circles. It is the notion that rising oil prices will not be a drag on global economic growth.