Climate Change: The Crumbling Foundation

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In the early days of the Global Warming debate, now called climate change, writer Ron Bailey in an article observed, freeze or fry, wet or dry the problem is always the same—human consumption of fossil energy—and the solution is also the same—more government control over energy use and personal freedom.  The recent “arctic vortex” has […]
Categories: General

No Scarcity of Economic Ignorance in Congress

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With US oil production booming, pressure has increased to repeal an archaic law that prohibits the export of crude oil without a license.  The law dates back to the early 1970s when OPEC nations imposed an embargo on exports to the US.  That was a time when many in the nation were obsessed with predictions […]
Categories: General

Quit Digging

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An old adage about life is that when you are in a hole quit digging.  With trust in government at an all time low, actions that further erode trust and credibility are just more examples of keep on digging.  The Wall Street Journal recently reported a case of EPA doing exactly that. It is no […]
Categories: General

The Pretense of Knowledge and Hubris, and Predictions of Dread

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In accepting the Nobel Prize in economics, Frederich Hayek’s remarks dealt with the The Pretense of Knowledge. Those remarks included prescient observations about the consequences of actions that do not reflect the limits of knowledge. “If man is not to do more harm than good in his efforts to improve the social order, he will […]
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The EU’s Lost Decade

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In the aftermath of the adoption of the Kyoto Protocol in 1997, the EU, led by Germany, remained in the forefront of climate policy by pledging to reduce CO2 emissions by 20% by 2020.  To achieve this objective and show the rest of the world how to be successful and green, EU nations adopted renewable […]
Categories: General

Policy by Illusion and Myth

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George Schultz, former Secretary of Treasury, Labor, and State, and Fred Smith, CEO of FedEx, recently published a Wall Street Journal opinion piece—Making the Most of the U.S. Energy Boom—in which they argue that the US should establish a national goal of oil displacement. They assert that forty years after the first oil embargo, “de-linking […]
Categories: Politics/Policy, Premium

The Presumption of Knowledge

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Over the past few weeks attention has been focused on the roll out debacle of the Affordable Care Act—aka ObamaCare.  This is a case that is the opposite of too big to fail– too big to succeed.  While it might seem that there is no connection between ObamaCare and alternative energy policies and biofuels mandates, […]
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Handouts are not Helping Hands

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The Center for American Progress (CAP) and similar liberal organizations contend that government must help change the US energy mix.  Although past efforts over the past 40 years make clear that as former Treasury Secretary Larry Summers told President Obama, “the government is a crappy venture capitalist.”  The verdict is in: industrial policy doesn’t work! […]
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Approaching the Grand Bargain: The Reality and Myths of Energy Tax Credits

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While Washington, DC is in the midst of a government shutdown and looming under the specter of the debt ceiling, discussions on Capitol Hill have turned to a grand bargain as a potential exit strategy.  Grand bargains are complex and probably involve too many elements to get quick agreement. The quickest way to ensure that […]

The Difference Between Wishing and Doing

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The Obama Administration has a strong commitment to promoting electric vehicles and has made billions of tax payer dollars to achieve its policy objective.  And yet, electric vehicles remain mainly niche vehicles for the well to do who want to demonstrate their environmental values. Although GM, Fiat, Nissan, Volkswagen, and the overhyped Tesla are pushing […]
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