“Economists have long argued that these [national security] claims are based on economic misunderstandings, yet they are still cited as political justifications for military deployment of U.S. forces in the Middle East. These policies along with past military interventions are at the root of international terrorism directed at the United States.”
Military generals are charged with managing national security, which has included ensuring access to “needed” natural resources. U.S. military goals have been further stretched to securing access to resources “needed” for economic security.
The first U.S. overseas seizure concerned bird guano, a fertilizer like no other at the time. If Peru insisted on getting a lot of money for this valuable product, the only solution was invasion. The U.S. Congress, in response to public opinion, passed the Guano Islands Act of 1856, which authorized Americans to take any guano deposits they discovered.…
To illustrate that the world is not in any meaningful way overpopulated, Julian Simon noted that if everyone in the world moved to Texas, each person would still have about 1,800 square feet of living space. Enough room for a family of four to live in an average size house with a front and back yard.
Since Simon made these calculations in The Ultimate Resource 2, the world’s population has grown. Recalculating for a world of 6 billion is 1,500 square feet per person, which still leaves 6,000 square feet for a family of four (a still comfortable 60- by-100-foot lot, with plenty of space for multiple story living).
But what about the roads, parks, lakes, shopping malls, my students ask? If I say everyone in the world could live in Texas, they want to know about the amenities.…
Royal Dutch Shell has spent billions of dollars over six years preparing to drill for new oil in Alaska. The hidden treasure is an estimated 20–25 billion barrels of oil beneath the Beaufort and Chukchi seas.
Not surprisingly, drilling for oil in Alaska is complicated and expensive (See map of proposed offshore exploration and drilling in Alaska). Part of the complexity is the distant Arctic location and short summer exploration and drilling window, and part is caused by drifty U.S. federal regulations.
Oil exploration and production is never easy (as in “the ‘easy oil’ has been found”), and new frontiers, technological and geographical, are always the challenge. And in this case, federal regulation from an anti-oil administration is at work.
Shell’s Coming Restart
on Shell’s suspended Arctic drilling operations for 2013, the company hasn’t given up.…
