David Rapson @RapsonEnergy
I study energy markets, climate policy, and their effects on the economy. Professor @UCDavisEcon, former @DallasFed dsrapson.github.io California Joined March 2020-
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David Rapson retweeted
Bernie is right. There is no rational reason why each generation should have a lower standard of living than the previous… …which is why they don’t.
YOUNG PEOPLE ARE FIGHTING BACK Young people understand that, in the richest country on Earth, there is no rational reason why their generation should face a lower standard of living than their parents. And they’re fighting back. Progressives are winning across the country
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David Rapson retweeted
I think what happened to Jason Arday is tragic and heartbreaking, but this counterfactual did actually take place in the United States, involving a professor and right-wing jokester who I became friends with over the years of having to defend his free speech rights. Mike Adams was mobbed and cancelled in 2020, and he killed himself shortly thereafter, and the American press largely treated it like he had it coming. Also, some commenters on the Internet seemed almost gleeful about his death. That was wrong then and it would be wrong now. open.substack.com/pub/greglukian…
David Rapson retweeted
Counterpoint—capitalism has significantly reduced work hours
David Rapson retweeted
July 23, 2026, was the busiest day for commercial air travel ever, according to data from @flightradar24. A whopping 153,359 commercial flights were tracked worldwide.
David Rapson retweeted
Tax incidence: all taxes are ultimately paid by people. Carbon emissions: all emissions are ultimately due to consumers (people and perhaps governments, but that's also people).
Fun fact: 85% of the world's CO2 is produced by the billionaires or their companies. There is NO way to tackle climate change without tackling the richest.
David Rapson retweeted
A reminder that the middle class is disappearing because people are getting too rich to still be considered middle class:
The "Middle Class" didn't disappear, it was deliberately dismantled. In 1978, CEO pay was 30x the average worker. Today it's 351x. They didn't get 351x smarter or work 351x harder. They just rewrote the rules so all the productivity gains go to the top while you get a pizza
5.5:1 seems about right for economics.
@DavidAstinWalsh Have you ever been to an economics faculty lounge? Or an economics conference? Overwhelmingly left leaning, but typically (though not always) less extreme left than other disciplines.
David Rapson retweeted
For those wondering why it's so hard to control remote wildfires in Canada, here are two maps which might help illustrate the problem. Let's call them: A) Where the people are; and B) Where the trees are.
David Rapson retweeted
It's going to be very challenging to effectively run a global oil industry when it's this easy to repeatedly cripple big physical assets like tankers and refineries. Hard not to feel like this is the shape of things to come.
Ukraine says 116 Russian vessels were hit in the Sea of Azov in nine days, including 11 overnight (5 tankers, 5 cargo ships, 1 tugboat).
This needs to be front page news at least once a month. Markets work. Cooperation is good. It’s not a zero-sum game.
Extreme poverty worldwide has never been as low as it is today, and it's never fallen as fast as in recent decades. We need more facts and less ideology...
David Rapson retweeted
Oil on water in the Persian Gulf has returned to pre-war levels following the escape of long-stranded tankers over the past few week Fantastic new for long-stranded tanker crews, less good news for the sustained pace of Hormuz exit flows, which have rolled over data via @Kpler
@Rory_Johnston Yeah, but will they comp the "mandatory insurance"?
Calling it "mandatory insurance" instead of a "toll" for 60 days doesn't change the fact that Trump appears to have signed off on an Iranian extortion racket in the SoH. lloydslist.com/articles/2026/…
Maybe the amount of lying from U.S. authorities is… somewhat discrediting? Could lead people to look for information elsewhere
Why are people just blindly believing every single word that Iran is pushing out right now? It should be concerning this many people are falling for state media in Iran.
David Rapson retweeted
alright, let’s see how many ships Tehran lets through tomorrow
David Rapson retweeted
222K likes. The fixed pie fallacy is probably the single most destructive delusion on the planet. The belief that wealth cannot be created—only distributed—has done more than any other to stop people from lifting themselves and others out of poverty.
Why are people just blindly believing every single word that Iran is pushing out right now? It should be concerning this many people are falling for state media in Iran.
Wish he was less erratic and more kind, but these also strike me as important points
History's first trillionaire is a guy who catches rockets out of the sky with chopsticks and beams internet to every dead zone on the planet. Same guy ships cars that drive themselves, humanoid robots for the factory floor, brain chips that let paralyzed people move a cursor
David Rapson retweeted
My whole timeline is full of millionaires complaining about a trillionaire
David Rapson retweeted
I don't know what Piketty, Stiglitz, and co. are smoking. Global poverty rates have never been lower. Progress on basic global health and wellbeing measures has been amazing over the past few decades. "End of the road"?!? Come again!?! theguardian.com/commentisfree/…
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