🇺🇸 Past Chronicles

Fall of Energy Hegemons: When Wealth Becomes a Trap There’s a strange paradox in economic history. Sometimes, the countries blessed with the most natural resources end up struggling the most. Oil, gas, minerals—these should be tickets to prosperity.But time and again, they’ve turned into something closer to a slow-burning economic poison. As I dug into … 더 읽기

Energy Independence Myth Hello, this is Kori. Have you ever imagined what would happen if fuel suddenly disappeared from gas stations?Or if electricity went out in the middle of winter, leaving entire cities in darkness? For most of us, energy feels invisible—until the moment it’s gone. Back in the early 1970s, that nightmare became real.And … 더 읽기

Energy Crisis Causes: When the Lights Suddenly Go Out Have you ever experienced a sudden blackout on a freezing winter night? The heater stops.The lights won’t turn on.Your phone battery slowly drains… And in that moment, something hits you hard: Energy—something we treat like air—is actually incredibly fragile. What’s even more unsettling is this: Large-scale … 더 읽기

Irrational Energy Choices Imagine this. You’re walking alone across a vast desert.Your throat is dry, your body exhausted. In front of you, two bottles of water appear. One is clean and safe—but slightly harder to open.The other is already open—but contains a trace of poison. Any rational person would choose the first. But when we … 더 읽기

1. Why Energy Policy Always Lags Behind Innovation: A Sleepless Night of an Energy Policymaker In the fall of 2010, standing on the windy coast of the North Sea, a policymaker stared at the numbers. For the first time, solar and wind power were becoming cheaper than fossil fuels.On paper, the future had already arrived. … 더 읽기

Energy Security Collapse: A Night When Everything Went Dark Imagine this for a moment. You’re inside a modern home—solar panels on the roof, a smart energy system, and even an electric vehicle in your garage.On paper, you’re completely energy independent. Then suddenly, everything shuts off. No electricity.No heating.No signal on your phone. You step outside—and … 더 읽기

Why Resource-Rich Countries Stay Poor The Resource Curse Explained: How Oil and Natural Resources Can Undermine Economic Growth Imagine discovering a massive oil reserve or a mountain of gold in your backyard.Most people would assume that life would instantly become easier — perhaps even permanently secure. The same intuition often applies to countries.If a nation … 더 읽기

Why Energy Overinvestment Keeps Happening: The Illusion That Energy Will Always Be Scarce Hello, this is Kori. Do you remember the summer of 2008? At the time, crude oil prices surged past $140 per barrel, triggering widespread anxiety across the global economy. News headlines warned about the imminent arrival of the “peak oil” era — … 더 읽기

How Energy Demand Was Engineered Hello, this is Kori. Today in KoriThink, I want to explore a topic that can feel both provocative and deeply revealing: our relationship with energy. Imagine a sudden blackout in a modern city. The refrigerator stops humming.The Wi-Fi router goes dark.Your phone battery drops below ten percent. Within minutes, a … 더 읽기

The Economics of Energy Forecasting Failure | Winter 1973, When the World Stalled In the early 1970s, most economists and policymakers shared a quiet confidence.Oil supply seemed abundant. Energy prices appeared manageable. Growth models assumed that energy demand would rise smoothly alongside GDP. Then came October 1973. The Yom Kippur War triggered the first oil … 더 읽기