Technological progress in the exploration and production of oil and gas during the 2000s has led to a boom in upstream investment and has increased the domestic supply of fossil fuels. It is unknown, however, how many jobs this boom has created. Using time-series methods at the national level and dynamic panel methods at the state level to understand how the increase in exploration and production activity has impacted employment, this paper finds robust statistical support for the hypothesis that changes in drilling for oil and gas as captured by rig counts do, in fact, have an economically meaningful and positive impact on employment.

Fellow Joe Barnes looks at the kerfuffle arising from former secretary of state Hillary Clinton’s critical — much-publicized — response to President Obama’s description of his foreign policy as “don’t do stupid stuff.”

A Malaysian airliner with 298 people on board crashed in Ukraine on a flight from Amsterdam to Kuala Lumpur, amid allegations it was shot down. Baker Institute fellow Joe Barnes examines the possible diplomatic ramifications of the tragedy in the Baker Institute Blog.

President Obama’s commencement address at West Point on Wednesday was clearly aimed at deflecting rising criticism of his administration’s foreign policy. In particular, the speech was designed to address complaints that U.S. foreign policy under Obama has lacked strategic coherence and signaled a U.S. retreat from the international arena. The administration promoted the address as a platform for the president to describe his “vision” for U.S. foreign policy during the remainder of his term. To the extent that the speech did present a vision, it was not a particularly new one.

As Israeli-Palestinian peace talks "stumble toward collapse," blogs fellow Joe Barnes, the U.S. "needs a thorough rethink" about its role in negotiations.

Joe Barnes, the institute's Bonner Means Baker Fellow, blogs on concern in Kyiv, Washington and European capitals — not too far-fetched, given Russia’s seizure of Crimea last month — that Moscow might invade Eastern Ukraine on the pretext of protecting Russian speakers.

Two cheers for the interim agreement over Iran’s nuclear program. It is welcome, if not earth-shattering news.

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Abstract

To what extent and in which contexts is…