A Looming Political Earthquake

CITY JOURNAL ………. If it weren’t for the election season swamping news coverage, odds are more people would be talking about the revelation that, to quote a Bloomberg headline, “The World Bank Somehow Lost Track of at Least $24 Billion.” In fact, that may understate the reality: the World Bank’s “accounting gap” could be as…

Unplugging Growth? AI, the Cloud & Electricity Demands

DAKOTA DIGITAL REVIEW ……… The year 2024 will go down as the pivot when the growth in U.S. electricity demand reverted to normal. After a two-decade interregnum of no growth, many forecasters, including those in the electric utility industries, thought that was the new normal. Planning for a static future is quite different from meeting…

The Great Inversion

CITY JOURNAL ………. The quickly settled International Longshoremen’s Association strike takes us one more step toward the Great Inversion: a future in which people in the skilled and semi-skilled trades boast higher average wages than most college graduates. If the justification for most college degrees—only 10 percent of them in STEM fields—reduces to their boosting…

AI May Bring Back Three Mile Island

WALL STREET JOURNAL ……..The news that Microsoft plans to fund the reopening of the undamaged reactor at Pennsylvania’s Three Mile Island nuclear plant spread almost as quickly as news about the nuclear accident at that same site in 1979. Microsoft’s decision was animated, as the Journal reported, by the “gargantuan amount of power needed for…

The Political Cost of the Energy Transition

CITY JOURNAL ………. For physicists, energy is about the laws of nature; for engineers, it’s about manufacturing prowess. For citizens, however, energy is generally about money. Energy purchases are unavoidable—whether directly, by paying our electric bills or for gas in our cars, or indirectly.

Drill, America, Drill!

CItY JOURNAL . . . .It’s hard to imagine a political debate over the need for food or water. Not about howor from where either is obtained, but about the human need for them. We don’t need to say “Plant, Baby, Plant!” to remind us that agriculture is a critical industry, or “Pump, Baby, Pump!”…