Energy

Created
Fri, 09/08/2024 - 01:19
by Helene Langlamet

In 2007, the Marcellus Shale Play was opened for production in Pennsylvania. The fracking of the shale unlocked massive fossil fuel reserves previously considered inaccessible. But it also unleashed an especially expensive and wasteful extraction process that involved flushing hundreds of millions of tons of highly toxic chemicals a mile deep into the ground and into the water table. And it brought up natural gas contaminated with unprecedented levels of radioactivity.

Created
Fri, 02/08/2024 - 18:00
Jenny Chan, Sebastian Diz and Derrick Kanngiesser In recent years, increases in global energy prices have posed significant challenges for net energy importers such as the UK or the euro area. In addition to the inflationary impact, increases in the relative price of energy imply a decline in real incomes for the energy importers. In … Continue reading Monetary policy in a gas-TANK
Created
Tue, 11/06/2024 - 07:00

In our recent article, “Gaslighting Australia: The Instrumental Power of Australia's Mining and Energy Industries”, we look back on the last decade of Australia’s climate policy inaction. Based on our research, it seems likely that the current strategy, like former strategies, may have more to do with industry-government links than economic realities.

The post Gaslighting Australia: the Australian Government’s Commitment to Expanded Gas Production appeared first on Progress in Political Economy (PPE).

Created
Thu, 04/04/2024 - 19:00
Samuel Smith and Marco Pinchetti Recent events in the Middle East, as well as Russia’s invasion of Ukraine, have sparked renewed interest in the consequences of geopolitical tensions for global economic developments. In this post, we argue that geopolitical risk (GPR) can transmit via two separate and intrinsically different channels: (i) a deflationary macro channel, … Continue reading The transmission channels of geopolitical risk