Plunging oil prices have been big news over the past year. Since mid-summer 2014, the price for benchmark West Texas Intermediate (WTI) crude has fallen from $105 to $48 per barrel. But it's not just the price of petroleum that has plummeted. The prices of lots of other industrially important commodities have also been dropping. Reason Science Correspondent Ronald Bailey explains that the run up in commodity prices is the upswing part of an expansionary economic super-cycle that has peaked. We are likely now on the downward slide to greater resource abundance and lower prices for at least the next ten to fifteen years.
The FBI Returned This Innocent Couple's Safe Deposit Box. It Refuses To Give Back Many Others—and Is Trying To Seize $85 Million in Cash.
"It makes me feel like the government is preying on the vulnerable and the weak to line their own pockets."
Indiana Said the Government Should Be Able To Take Everything You Own if You Commit a Drug Crime. The State Supreme Court Wasn't Having It.
After eight years, Tyson Timbs finally gets to keep his Land Rover—once and for all.
Why is it so hard for him to just admit he was wrong?
Arkansas cops love this insane practice they call "precision immobilization technique"—slamming into moving vehicles, sometimes over simple traffic stops.