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Next week, Edward Morse will answer reader questions about the price of oil and what it means for oil-producing states and U.S. foreign policy. Submit a question
ReadThe free market has eliminated environmental hazards in the past, from leaded gas to acid rain, and it can solve the problem of climate change today. A cap-and-trade system offers the best hope for reducing pollution and encouraging green growth.
ReadThe Copenhagen conference won't solve the problem of climate change once and for all. Rather than aiming for a broad international treaty, negotiators should strengthen existing national policies and seek targeted emissions cuts in both rich nations and the developing world.
ReadThe Arctic is rich in natural resources and lies at the epicenter of a rapidly changing climate -- and it is time the United States paid more attention to the region.
ReadOil stocks can help buffer economic shocks, but only if Washington radically reforms its handling of them.
ReadThe world has grown much more peaceful over the past 15 years -- except for oil-rich countries. Oil wealth often wreaks havoc on a country's economy and politics, helps fund insurgents, and aggravates ethnic grievances. And with oil ever more in demand, the problems it spawns are likely to spread further.
ReadFormer Senator Tom Daschle argues that corn-based ethanol offers many benefits -- and few downsides for food stocks. Runge and Senauer reply.
ReadThanks to high oil prices and hefty subsidies, corn-based ethanol is now all the rage in the United States. But it takes so much supply to keep ethanol production going that the price of corn -- and those of other food staples -- is shooting up around the world. To stop this trend, and prevent even more people from going hungry, Washington must conserve more and diversify ethanol's production inputs.
ReadPrices of crude oil are high these days not because oil reserves are waning -- in fact, they are plentiful -- but because inadequate refining capacity has limited the quantity of crude available on the world market. And high prices come with an upside: they could convince the oil industry to invest in new capacity.
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