Manhattan Institute Policy Paper In the modern era, basic scientific research—a “public good,” often involving the pursuit of knowledge for its own sake—has been foundational to innovation and thus, to economic growth and social progress. Fostering yet more open-ended research will give rise to the fundamental breakthroughs needed to revolutionize everything from health care and…
Manhattan Institute Issue Brief The world looked very different 40 years ago when Congress forged the Energy Policy and Conservation Act (EPCA) that would be signed into law one year later, in December 1975, by President Ford. The Act was a matter of national urgency after the 1973 Arab oil embargo created domestic shortages, politically…
Manhattan Institute Report Few think of Mexico in the same terms as Saudi Arabia, despite the fact that Mexico has similar quantities of hydrocarbon resources. That it is not seen this way reflects, in large measure, the decade-long decline in Mexico’s oil and gas production, as overseen by the state-owned oil monopoly Petróleos Mexicanos (Pemex).…
Manhattan Institute policy paper America continues to suffer from a post–World War II record slow recovery in employment as well as record worker anxiety. Meanwhile, the brightest corner of the economy, the oil & gas sector, has seen stunning growth in creating jobs across the nation and in dozens of domains.
The information economy is a blue-whale economy with its energy uses mostly out of sight. Based on a mid-range estimate, the world’s Information-Communications-Technologies (ICT) ecosystem uses about 1,500 TWh of electricity annually, equal to all the electric generation of Japan and Germany combined — as much electricity as was used for global illumination in 1985. The ICT ecosystem now approaches 10% of world electricity generation. Or in other energy terms – the zettabyte era already uses about 50% more energy than global aviation.
Testimony Before the Committee on Energy & Commerce, Energy & Power Subcommittee, U.S. House of Representatives.
