When I published a working paper in 1992 at MIT called “The Fog of Commerce: The Failure of Long-Term Oil Market Forecasting,” many thought the lesson was that forecasting the long-term price of oil ...

The oil price collapse is not over yet. It is more likely that the Brent price could fall back into the mid-$50 range than that it will continue to rise toward $70 per barrel. That is because oil ...

Every cloud has a silver lining and, while the avian flu epidemic hurts all consumers and many producers, it has teachers of introductory economics chortling in delight. Examples of real-world ...

Between Craigslist and eBay, the Internet is well-established as a marketplace where one person’s trash is transformed into another’s treasure. Thousands of teachers are cashing in on a commodity they ...

Recently, the U.S. Energy Information Administration posted a revealing graph that could be interpreted as suggesting that efforts to prevent high carbon prices in the Regional Greenhouse Gas ...

We will pay 13.1% more this year for Halloween candy than last year, the biggest recorded jump in candy prices. Trick-or-treaters will also likely notice that the chocolate bars they get will be ...