A lack of transmission lines makes wind farming an iffy crop
Environmentalists, politicians, and scholars express concern about a "race to the bottom" in environmental policy. Yet economic theory indicates that a race to the bottom in environmental policy is highly unlikely, and there is little evidence that such races have, in fact, occurred.
A new drilling technology is opening up vast fields of previously out-of-reach oil in the western United States. This new drilling is expected to raise U.S. production by at least 20 percent over the next five years. And within 10 years, it could help reduce oil imports by more than half.
The authors explore the history of eminent domain in the United Statesâ€”a history characterized by periodic public backlash.