Category: News

When people think of oil rich nations their mind generally goes to Saudi Arabia, Iraq and the US.

But according to international statistics, the country with the largest oil reserves is Venezuela, with 300 billion barrels worth.

At their peak they produced over 3.5 million barrels of the stuff per day. However, due to lack of investment, sanctions and mismanagement that peak is long gone.

Following their military intervention, the US administration claims they can get Venezuela's oil production up and running at full capacity within 18 months.

But can they, and why is it that estimates for other countries oil reserves have fluctuated but Venezuela’s has stayed at 300 billion barrels for over two decades?

Presenter: Tim Harford Producer: Lizzy McNeill Series Producer: Tom Colls Editor: Richard Vadon Production Co-Ordinator: Brenda Brown Sound Mix: Dave O’Neill

Anti-impact environmentalists want you dead; they will settle, in the short term, for you to feel guilty for existing, producing and consuming, and willing to comply with any degree of central planning and freedom curtailment to “save the planet” from you.

Original article: https://mises.org/mises-wire/environmentalism-anti-humanism

What kind of state does the UK find itself in as we start 2026? That’s the question Tim Harford and the More or Less team is trying to answer in a series of five special programmes.

In the final episode, we’re looking at the numbers behind some of the UK’s most potent political debates:

Has 98% of the UK’s population growth come from immigration?

Do we spend more on benefits in the UK than in other high-income countries?

Is the gap between rich and poor growing?

Get in touch if you’ve seen a number in the news you think we should take a look at: moreorless@bbc.co.uk

Contributors:

Madeleine Sumption, Director of the Migration Observatory at Oxford University Lukas Lehner, Assistant Professor at the University of Edinburgh Arun Advani, Director of the Centre for the Analysis of Taxation and a Professor of Economics at the University of Warwick. Alex Scholes, Research Director at NatCen

Credits:

Presenter: Tim Harford Producers: Lizzy McNeill, Nathan Gower, Katie Solleveld and Charlotte McDonald Series producer: Tom Colls Production co-ordinator: Maria Ogundele Sound mix: Sarah Hockley and James Beard Editor: Richard Vadon

With American intervention in Venezuela, some are claiming that the Trump administration is simply invoking the Monroe Doctrine, or its corollary, the “Donroe” Doctrine. In reality, neither doctrine is an appropriate reason for US military intervention in Latin America.

Original article: https://mises.org/mises-wire/why-monroe-doctrine-cannot-be-reestablished