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  • Wind PTC Already Phasing Out—for Certain

    The production tax credit (PTC) for wind energy is set to expire at the end of this year, but its supporters are arguing for an everlasting extension using twisted logic. For a while, the argument was that businesses need certainty. The law as it currently stands provides certainty—eligibility for the … More

    Green Jobs Count: Fewer than Before, Sillier than Ever

    Back in March, the Bureau of Labor Statistics (BLS) released a study showing our economy had 3.1 million green jobs. Recently, it issued another green jobs study with a headlining number of 854,700 green jobs. Don’t worry—the economy did not lose 2 million green jobs in three months. There were … More

    A Two-Gallon Compact Car

    How would you like to buy a nice compact car with a two-gallon gas tank? It costs only $36,000, and it takes seven hours to fill the tank. Secretary of Energy Steven Chu wants lots of those cars, though he insists they will be $10,000 cheaper. The car alluded to … More

    The New Math of Renewable Energy: $50 = $100

    Suppose you could produce $50 of electricity but it cost you $100 to do so. Would that make any sense? It would if you work at the White House. In a speech at a wind-turbine blade manufacturer in Iowa, President Obama called for extending two sets of subsidies that turn … More

    Military Biofoolishness

    Though the military has an impressive record for developing technologies to meet its frequently unique requirements, adopting biofuels is unlikely to help meet any mission other than earning political brownie points. There are three reasons offered for why the military should spend money on biofuel development: (1) reducing battlefield exposure … More

    The Obama Oil Embargo

    From canceling oil leases in his second week in office to denying the XL Pipeline this year President Obama and his administration have offered up a non-stop assault on affordable energy.  Now that high gasoline prices have come home to roost, the president is flailing around for an energy policy. … More

    Robbing Banks and Subsidizing Green Energy

    Do bank robbers stimulate economic growth? If you employ the logic used by the National Renewable Energy Laboratory (NREL) to assess the impact of the stimulus bill’s renewable-energy subsidies, the answer would be “yes.” The NREL recently issued a report on the economic impact of the Section 1603 Treasury Grant … More

    Blocking Strait of Hormuz: IHS Exercise Confirms Heritage Analysis

    As is frequently the case, petroleum futures markets are anxious about political instability in the Middle East. Of particular concern is the possibility that efforts to counter or eliminate Iran’s nuclear weapons capability will lead Iran to close the Strait of Hormuz, through which passes about one-fifth of the world’s … More

    The MARKET: An Alternative Energy Efficiency Program

    Adding to a long list of energy-efficiency legislation, two Members of Congress—David B. McKinley (R–WV) and Peter Welch (D–VT)—recently proposed a federal energy-efficiency bill that gives tax rebates to homeowners who make energy-saving improvements to their homes. This bill and its predecessors reward consumers for saving money. Let’s propose a … More

    How the Strategic Petroleum Reserve Affects Gas Prices

    What happened to gasoline prices the last time Obama invoked a coordinated release of the Strategic Petroleum Reserve? Before Obama announces the SPR release, the price is already declining. He announces, and the price continues to decline; then, it levels off and starts to go back up. Immediately upon the … More