Battle of the Biofuels: Big Corn vs Big Oil

By: Kelli Liegel Big Oil and Big Corn cannot seem to compromise on the Renewable Fuel Standard (RFS) and the subsequent export-subsidies on RINs (Renewable Identification Number) that the Environmental Protection Agency Administrator Scott Pruitt has proposed. The corn industry claims that Mr. Pruitt’s adverse export-subsidy proposals will drive corn prices down and crush farmers…

Peak Oil Demand: Political and Economic Consequences

By: Ryan McGuine and Sam Alhadeff In 1956, Shell geologist M. King Hubbert predicted that American oil production would peak in 1970 and decline from then on and that worldwide production would do the same sometime around 2000. This narrative, known as “peak oil supply,” predicted that as humans use increasing amounts of oil, existing…

Wir Schaffen Das: Is it a Reality?

By: Emily Janicik Angela Merkel’s famous slogan “wir schaffen das,” which she originally introduced in 2015 in response to the refugee crisis in Europe, translates in English to “we can do it.” After three years of tackling the difficult issue of world migration, however, many Germans are becoming disillusioned with this sentiment. In 2015, Germany…

Why the Stock Crash Should Not Matter to Policymakers

By: Jason Geissler When the Dow Jones falls 1,175 points in one day—the largest single-day drop in history—people are going to ask: what happened? A myriad of explanations have emerged as to just what could have caused the crash, such as this reasonable argument that this is a simple bubble collapse and that stock market…

Bitcoin: Too Early to Talk About Future of the Currency?

By: Soeun (Sarah) Lee The price of Bitcoin hit $17,000 on Thursday, December 7. Starting from below $1,000 at the beginning of the year, it has reached $14,000, $15,000, and even $19,000 all in seven days. The market value of Bitcoin has passed $271 billion, which is greater than 488 of the Standard & Poor’s…

Brazil and Argentina – A Tale of Two Countries

By: Evan Thomsen Brazil is the de facto leader in South America. It is the largest by land and population, the wealthiest by GDP, and most powerful politically in the region. But as of late, Brazil is declining and facing a resurgent Argentina. The region is facing a role reversal in the future. Brazil’s decline…