The shale story goes that the easy targets have all been drilled. But today’s easy targets were yesterday’s hard targets. The skeptics, as always, are blind to the roles of shale experience and technology.
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Most Recent Commentary
Op-Ed: The Peak Oil Myth is Back—and It’s Still a Myth
Hart Energy
Friday, July 25, 2025
Most Recent Media Appearance
Don Luskin on the Journal Editorial Report with Paul Gigot
Fox News
Saturday, July 19, 2025
Trump’s latest threat to fire Powell is just another trick to get your attention, with the Supreme Court having virtually said he can’t do it. Powell is only one vote anyway. Warsh has thrown his hat in the ring to replace Powell, with a mixed message of dovish rate cuts and hawkish quantitative tightening. The economy doesn’t need rate cuts – with unemployment and inflation at target, the current funds rate must be about neutral. Stocks have shrugged off tariff scares, but they would likely be higher without those scares. Trump has been negotiating against himself, and has gotten no trade deals. Now, within weeks, the case against Trump’s IEEPA tariffs will go to the Supreme Court, where the tariffs will likely be struck down unanimously. Trump will come back with smaller, narrower tariffs that will seem like nothing.