Since the early 20th Century, the amount of energy required to produce new energy has skyrocketed. That puts a drag on the economy, Cobb writes, as more and more resources are devoted to keeping up with energy demand.
Five years after the deadly Deepwater Horizon oil spill in the Gulf of Mexico, the Obama administration is out with new regulations on offshore drilling. The hope is to prevent future catastrophe, but environmentalists say offshore drilling still isn't worth the risks to ocean life.
Cheap oil has challenged the oil business, but refining has been a bright spot. That's good news for the likes of Exxon and Shell, whose losses at the well have been offset by strong demand for cheap gasoline and other refined products.
Oil majors like BP and ExxonMobil are optimistic that low oil prices are helping them trim fat and right-size their operations. But those savings could come at the expense of oil field service companies like Halliburton and Transocean.
The US has taken over a two-year chairmanship of the Arctic Council, an international forum consisting of the eight nations that have territory in the Arctic. Up until recently it has been held up as a model of international cooperation.
Harlem Globetrotters' Hi-Lite Bruton and Ant Atitkson (far l.) watch teammate Flight Time Lang help Pope Francis spin the ball on his finger as they meet during the general audience in St. Peter's Square at the Vatican Wednesday.
Getting a handle on the Fukushima disaster recovery, let alone permanently cleaning up the site, has been extraordinarily difficult. The problem is the daily flood of rainwater that flows downhill towards the sea, rushing into the mangled radioactive site.