Capitolizing on Energy

Views on D.C. energy and politics with William O’Keefe

Obama Mimics Al Gore, Claims Credit for Others Work

Al Gore’s self-aggrandizing claim that he “took the initiative in creating the Internet” has haunted him since he first uttered it during a 1999 CNN interview. It makes sense. In a society where people expect to be rewarded for their hard work and good ideas, the public generally abhors those who take credit where it’s […]  More »

The Age of Fossil Energy is Far From Over

Last week, the London Sunday Times had an article about a potential discovery of methane hydrates that could more than double the world’s energy reserves. Methane hydrates are methane gas that is frozen by the high pressure and low temperatures of the deep sea.  While the existence of methane hydrates is not new the potential […]  More »

Dems Push “Reasonable Profits Board” to Control Corporate Prices

U.S. Rep. Dennis Kucinich (D-OH) and five other House Democrats proposed this week that the government establish a “Reasonable Profits Board”—an advisory committee with the power to directly control profits of a huge sector of the U.S. economy: our oil and gas industry. But there’s nothing reasonable about it. This proposal is another example of […]  More »

Labor Dept Reports U.S. Jobs Boom in Oil and Gas as Obama Rejects Keystone XL Pipeline

When asked why he robbed banks, infamous mid-20th century criminal Willie Sutton would reply in a matter-of-fact manner: “Because that’s where the money is.” Applying that logic to America’s current unemployment situation should lead the Obama administration to look to U.S. energy resources. Because that’s where the jobs are. The Labor Department’s latest data makes […]  More »

EPA To Fine U.S. Gas Producers $6.8 Million For Not Using Nonexistant Fuel

Over the past few years, EPA regulatory initiatives have led to a lot of head scratching over why Lisa Jackson and her lieutenants were acting in ways that made it difficult for the President to spark an economic recovery. The agency’s latest rules (Boiler MACT, Utility MACT, NAAQS revisions, etc.) offer good examples. They represent […]  More »

ETHANOL: Another Monument to Government Arrogance

The Clean Air Act Amendments of 1990 contained a provision requiring that gasoline contain up to 10% oxygenate, which was a code word for ethanol.  At the time, there was an abundance of technical data demonstrating that reduced tailpipe emissions could be met without the mandate.  But, Congress wanted to enrich corn farmers so the […]  More »

Industrial Policy Unplugged

In the 1930s, Germany started producing the Volkswagen as the peoples car. In 2010, GM, which some call Government Motors, started producing the Volt which according to the CEO of Audi of America is an idiots car. Why such a harsh indictment?  He gave three reasons.  First, “ no one is going to pay a […]  More »

US Shale Boom Benefiting Airports, Architects, Other Sectors of Economy

The renewable lobby justifies subsidies for solar, wind, and ethanol—poised to expire at year’s end—as being needed to produce more domestic energy and create new U.S. jobs. Yet this illusion of a government-funded ‘green’ energy revolution turns out to be just another tool of crony capitalists. These provisions strip U.S. taxpayers of their hard-earned cash […]  More »

UN Climate Talks and NPR Programming

NPR’s Diane Rhem Show produced a segment this week which focused on the latest round (number 17 to be exact) of United Nation climate talks, which is currently taking place in Durban, South Africa. (It can be thought of as the annual convention of rent-seeking bureaucrats.) Its attendants include about 10,000 people, most of whom […]  More »

High Stakes for Pensioners, Retirees in Washington’s Tax Showdown

With a wide range of benefits facing the chopping block as federal lawmakers continue debate over the deficit reduction, current and soon-to-be retirees are legitimately concerned about their future welfare. Beyond Washington, other means for retirement such as pension funds also face very daunting challenges over the next 20 years in funding their commitments. But […]  More »

New Climate Change Email Scandal Casts Pall Over U.N Negotiations

Two years ago, reporters coined the term “Climategate” to describe emails between a group of elite climate scientists that showed them admitting to falsifying data and even conspiring to smear those who dared to question their findings. Many of those exposed during this 2009 scandal were deeply involved in controlling the scientific assessments of the […]  More »

Supercommittee Countdown Carries High Stakes for Oil, Gas

As the deadline for the Joint Select Committee on Deficit Reduction report (November 23) approaches and we eagerly await its recommendations, one thing is abundantly clear: The time for talk is over. Substantive solutions are needed to address our economic woes. Images of action instead of real action will be see for what they are, […]  More »