Consumer prices paid by city dwellers in the US rose more than 7% last month and more than 9% in April on an annualised basis. If this keeps up the rest of the year, it will be the highest inflation rate the US has experienced since the 1980s. But fear not, say some investors and the Federal Reserve, the bond ...

Energy policy is often judged by three criteria: cost, reliability and effect on carbon emissions. That makes good sense. The energy sector is remarkably politicised. The current infrastructure could probably not be built under the regulatory regime, which may also hinder the development of tomorrow’s green-energy infrastructure. It is not easy to put wind turbines next to the homes of ...

Are Texas and California really so different? They certainly look different from the rest of the country in one respect. For all their contrasts, Texas and California are currently united in asking their respective populations to unplug appliances and forgo the air conditioning. Both have experienced blackouts of some form in the past year, and both have issued warnings about ...