Basking in the glow from the $535 million fire left when Solyndra crashed and burned, the Department of Energy is ready to subsidize additional hundreds of millions in loans to solar energy companies. The logic of this latest round is stunning: One company supposedly needs the government subsidy because its …
Releasing 30 million barrels of petroleum from strategic reserves is not an energy policy, and it is not an especially useful response to either short-run or long-run pressures on gasoline prices. Because the release is scheduled to stop in 30 days, market adjustments will partially offset the release’s impact in …
With the current debate over ending oil producers’ subsidies the question arises as to what subsidies do the producers actually get. It is a surprisingly complicated question. Wind producers also get subsidies that take complex forms—investment tax credits, production tax credits, mandates, property tax exemptions, etc. But the major federal …
Well, the Chinese finally have a green-energy idea worth stealing: arrest government officials who foist overpriced, underperforming, debt-ballooning, money-losing projects on taxpayers. Earlier this year, Liu Zhijun, Minister of Railways in the People’s Republic of China, was arrested following investigations into cost overruns and poor performance of the ministry’s showcase …
Self-styled commentator, comedian, and wedge-issue fan, Tina Dupuy, recently drove a wedge between reality and reporting. In her Atlantic column she declares the bogus assertions of Citizens for Tax Justice as “fact,” and trashes The Heritage Foundation analysis for employing common sense and economic logic. When an activity is rewarded, …
Aiding and abetting the solar and wind energy industries in their continuing efforts to mislead the American people, Energy Secretary Steven Chu called for a shift to renewable energy to insulate us from petroleum price spikes. Recent events in Egypt are partially responsible for a recent jump in oil prices, …
