A new analysis from researchers at the University of Chicago and the Rhodium Group, an energy-research firm, finds that one of President Joe Biden’s marquee energy proposals—the one of the most likely to make it through Congress—has a good chance of working.
For years, scientists and economists have warned that climate change could cause massive shortages of major commodities, such as wine, chocolate, and cereals.
Bitcoin? Blasé. Gold? Going out of style. "The hottest commodity on the planet," according to Dustin Jalbert, an economist at the market-research firm Fastmarkets, is lumber.