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, …
An ongoing study in Yellowstone National Park seeks to measure the emissions of carbon dioxide (CO2) as a response to geologic activity and as a possible predictor of some geologic events. A story covering this study notes that researchers estimate that Yellowstone emits 45,000 tons of CO2 per day. That …
The Obama Administration’s original stimulus package includes $5 billion for a weatherization program (an early version of cash for caulkers). Perhaps because it involves spending huge sums of money, the Administration seems quite proud of the policy. Energy Secretary Steven Chu called it “one of our signature programs.” In this …
Proposition 23 seeks to put some of California’s more egregious energy regulations on hold—at least until the California economy recovers. Current law will force consumers to switch to energy sources that can be four or more times as expensive as conventional energy, driving energy prices up, employers out, and consumers …
