Iran, rich in natural gas and crude oil, is ironically facing a severe energy crisis. Schools and offices are now mostly online, highways and malls are dark, and factories are shutting down due to power cuts. Years of sanctions, poor management, outdated infrastructure, and wasteful energy use have
President-elect Donald Trump’s energy policy, often summarized as “drill, baby, drill, ” is expected to get more complex. His cabinet picks, including Doug Burgum for Interior Secretary and Chris Wright, a natural gas fracking CEO, hint that fossil fuels will be the focus. Both have experience with
You might have heard about a thing called the debt ceiling. It's like a limit the U. S. government sets for itself on how much money it can borrow. Recently, former President Donald Trump suggested scrapping this limit entirely. This is a big deal, especially because Republicans used to use this lim
A significant power outage struck Nantucket during its annual Christmas Stroll, leaving more than 1, 400 businesses in the dark for about 27 hours. The island's Chamber of Commerce estimated that affected businesses lost around $1. 5 million. Shops struggled with credit card payments and were forced
You might think Hollywood is all glamour, but there's a lot that happens behind the scenes. Recently, a new group called the California Production Coalition has formed to keep things in California. Why? Because other states and countries are offering crazy good tax breaks to lure in TV and film prod
Estimating how much a ton of CO2 costs society, called the social cost of carbon (SCC), is tough. It needs to consider the whole climate and economic system, and how changes spread in time and space. Scientists have looked at the models used to calculate SCC but in bits and pieces. No one has put it
Canadian Prime Minister Justin Trudeau recently warned that President Trump's proposed tariffs on products from Canada and Mexico could make life more expensive for Americans. Speaking at a business event in Halifax, Trudeau said that Trump's 25% tax plan on imports would increase costs for many eve
President Trump sat down with NBC's "Meet the Press" to discuss his plan to impose tariffs. When asked if families might face higher prices, he admitted he couldn't guarantee anything but pointed to the economy's strength before COVID. Companies like Walmart and Stanley Black & Decker have voiced co
Imagine a world where every school has a healthier food environment. That's what policymakers in England are trying to create by limiting hot food takeaways near schools. But is there an economic cost to this? Between 2009 and 2017, 35 local authorities made this move. They wanted to improve health,
Picture this: cleaning up oil wastewater in a simpler way. Typically, you'd use two methods - adsorption and flotation. But scientists in Brazil decided to combine these into one. They created a special material called biochar and tested it on real oil wastewater from local wells. This new method pr
