Global Warming in a World of Endless Oil, Gas and Coal
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The US may be on the way to "energy independence," and new technology may guarantee that the world will never run out of fossil fuel. What would that mean for the global economy and the political will to slow climate change by developing alternative sources of energy? Also, unemployment's down and stocks are up, but the economy’s just keeping pace. On Reporter's Notebook, as the NRA celebrates the defeat of background checks at this week's convention, a backlash could lead to another move in the Senate.
Banner image: Paul Garland
Jobs Added, Stocks Up but Economy's Just Keeping Pace ()
The US economy created 165,000 jobs last month — more than expected — and growth was stronger in February and March than previously had been reported. The stock markets jumped at the news, as we hear from Binyamin Appelbaum, who reports on economics for the New York Times.
'Energy Independence:' Good News or Bad? ()
With twice the oil and three times the natural gas previously estimated — and plenty of coal -- in just a few years the US could produce more fuel than it burns. But America's "energy independence" could lead to economic upheaval in countries that depend on energy exports, which could spell big trouble for global stability. Beyond that, while oil and natural gas burn cleaner than coal, they're still fossil fuels and, with the latest technology, they might never run out. Would that kill economic incentives for alternative energy sources and the political will to deal with climate change before it's too late?
- Charles Mann: The Atlantic, @CharlesCMann
- Michael Levi: Council on Foreign Relations, @levi_m
- Philip Verleger: Peterson Institute for International Economics
- Michael Ross: University of California, Los Angeles
NRA Meeting Gets Underway amid Public Backlash ()
As its convention opened today in Houston, the National Rifle Association was celebrating the defeat of background checks in the Senate. But gun control advocates say it's not over yet. Today's Houston Chronicle published an op-ed piece by former astronaut Mark Kelly, whose wife, Gabby Giffords was shot in the head while she was a member of Congress. He accused the NRA's chief executive, Wayne LaPierre, of exploiting people's fears for gun-industry profits. Julie Bykowicz, national political reporter for Bloomberg News, is in Houston for the NRA convention.
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