The Difference Between Wishing and Doing

on
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 […]
Categories: General, Premium

Popular Delusions and the Madness of Government

on
In 1841 Charles MacKay wrote Extraordinary Popular Delusions and the Madness of Crowds.  It is often cited as one of the best books ever written about market psychology.  One recent reviewer commented “historic episodes confirm that greed and fear have always been driving forces of financial markets …and being sensible and clever is no defense […]
Categories: General

Keystone XL—A Prisoner of the Worst in Politics

on
The Obama Administration has been reviewing the permit application to build the Keystone pipeline for over 5 years.  There is now a report that the President is unlikely to make a decision until 2014. The State Department issued its draft findings in March and had been expected to complete its review by mid-summer.  It did […]
Categories: General

The Next IPCC Report: Leaks, Spin, and Efforts Not be Embarrassed

on
The most recent drafts of the IPCC’s Assessment Report and Summary for Policy Makers are going through final review before release near the end of September.  These drafts have been leaked and the final versions, which very well could be different than the drafts, will be as controversial as the Fourth Assessment Report.  The debate […]
Categories: General

The Resurgence of American Exports: Manufacturing and Natural Gas

on
The Boston Consulting Group (BCG) has just released a report, “Behind the American Export Surge,” which explores the recent resurgence in US manufacturing.  While BCG goes into some detail in explaining the reversal in the decline of domestic manufacturing, it has been driven by two basic causes, a more attractive investment climate and the widespread […]

Yucca Mountain and the Rule of Law

on
In 1982, Congress passed and the President signed the Nuclear Waste Policy Act that directed the Nuclear Regulatory Commission (NRC) to approve or disapprove DOE’s application to store nuclear waste at Yucca Mountain.  Although Yucca Mountain was extensively studied for over a decade, confirming it the best site for nuclear waste, nothing was done until […]
Categories: General

A Distorted View of Reality

on
In her first public speech since being confirmed as EPA Administrator, Gina McCarthy said, “Climate change isn’t an environmental issue.  It is a fundamental economic challenge.”  That part of her talk was the only statement that was reasonably accurate but not for the reasons she cited.  Like those who subscribe to the climate orthodoxy, Ms. […]
Categories: General

Nothing New Under the Sun or Who’s to Blame for High Gasoline Prices

on
When gasoline prices go up so does the level of agitation on Capitol Hill.  It is as predictable as sunrise. Last week, the Senate Energy and Natural Resources Committee held a hearing, ostensibly, to find out why gasoline prices are rising when domestic oil production has reached levels not seen in 20 years.  It would […]
Categories: General

More North American Energy Will Help Alleviate Fuel Prices

on
Today, the U.S. Senate Committee on Energy and Natural Resources will revisit an all too common topic discussed on Capitol Hill: how changes in domestic oil production, refining and distribution could be affecting U.S. gasoline and fuel prices. It’s an issue that has an impact on the wallets of nearly every American.  So it’s important […]
Categories: General

The Perils of Ignoring Warnings

on
Over the past few years there have been concerns that tensions between Iran and the west could lead to an Iranian attempt to shut the Strait of Hormuz. Since last week, there has been growing concern that unrest in Egypt could affect shipping through the Suez Canal. Between the Strait of Hormuz and the Suez […]
Categories: General