Capitolizing on Energy

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

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 »

Holes Discovered in Scientist’s ‘Climate Skeptic Come Believer’ Story

Though Mark Twain originally provided Rudyard Kipling with the advice to “get your facts first, and then you can distort ‘em as much as you please,” it appears as if some modern day writers have adopted the mantra (“Skeptic Shifts on Warming,” by Associated Press reporter Seth Borenstein, Oct. 31st). Painting physicist Richard Muller as […]  More »

EPA Recycling Costly Fuel Regulations

Yogi Berra could well have envisioned EPA’s recent plan for Tier III sulfur regulations when he exclaimed “it’s déjà vu all over again.” The arguments used by EPA at a recent Congressional hearing were exactly the same as former Administrator Carol Browner used for the first round of reductions. Where is the evidence that current […]  More »

The Low Carbon Reality

Groucho Marx was not known as a shrewd political analyst but the pursuit of a low carbon economy, reminds me of his definition of politics.  “Politics is the art of looking for trouble, finding it everywhere,diagnosing it incorrectly, and applying the wrong remedies. Since the arrival of the global warming hobgoblin, politicians have been promoting […]  More »

Dems Overlook 90 More Profitable Industries, Decry Big Oil Earnings

In the midst of several major oil companies reporting their third-quarter earnings, the Democratic Senatorial Campaign Committee is leveraging those figures to launch attacks on its opponents. The strategy behind the assault entails pointing to positive corporate earnings to justify selectively levying putative tax hikes on the oil and gas industry. However, attempts to position […]  More »

Obama Energy Policy Allows China, Castro to Drill Closer to U.S. than American Firms

Origins of the phrase “inside the Beltway” stem from the relatively small 64-mile Interstate loop that encircles the Washington, D.C. metro area. If that small figure sounds familiar, it’s because it’s about the same distance between the U.S. coast line and an estimated 5 to 20 billion barrels of oil. With oil prices hovering around […]  More »

Obama Energy Tax’s Impact on Shipbuilders, Shoemakers, Steel Workers

In 2008, President Obama catapulted his way to the White House in part on his promise to “green” the economy. Three years later, the administration is still over 4 million shy of delivering on the 5 million green jobs promised, taxpayers are on the hook for the hundreds of billions of dollars loaned to now-bankrupt […]  More »

Oxford Climate Book Contradicts IPCC Findings

Though Mark Twain originally provided Rudyard Kipling with the advice to “get your facts first, and then you can distort ‘em as much as you please,” it appears as if some modern day writers have adopted the mantra. In a chapter of the newly released book entitled “The Oxford Handbook of Climate Change and Society,” […]  More »

Flawed Forecasts Trumped by Innovation and Technology

The first oil well in the United States was drilled in Titusville Pennsylvania in 1859.  In 1901, there was an oil boom in East Texas which is what most Americans recognize from movies. That boom changed our way of life by giving us unrestricted mobility. Ever since the discovery of oil, there have been predictions […]  More »