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.
At a time when many people have put off buying a new car until the economy improves, the last thing we need is a stringent government regulation on fuel efficiency that will raise the cost of vehicles and make matters even more difficult for consumers.
Oil companies are increasingly leasing trains to bring the crude from remote areas where it's being produced to the markets where it's needed. But several derailments involving oil-tank cars in the US and Canada over the past year have raised questions about whether rail shipments of oil are safe. Considering the thousands of oil shipments by rail, the accident rate is vanishingly small.
Think the days of coal plants in Michigan are numbered? Not so fast. Notwithstanding challenges from environmental groups, our nation’s success with innovative technologies for increasing the efficiency of new power plants will keep coal in the energy mix for decades to come.
Should America's new growing dependence on natural gas for electricity production be a cause for concern?Despite America's abundance of natural gas from shale production, some parts of the country have already had warnings that over-dependence on gas for electricity generation exposes consumers to soaring prices for electricity.
The active secondary ticket market for concerts and sporting events — sometimes derogatorily referred to as “ticket scalping” — has generated an unfair reputation as a market for hustlers looking to make a quick buck by gouging fans with excessive ticket prices.
How did we reach the point where the government is promoting a dreadful fuel that gets worse fuel economy than gasoline or diesel, drives up food prices, damages car engines and has unintended environmental consequences?
Turmoil brought on by the Syrian government's chemical weapons attack on civilians has distracted the Obama administration and Congress from something else in the Middle East that cannot be ignored: the world's growing dependence on Persian Gulf oil.