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  • California’s Energy Policy Not Responsible for Reduced Consumption

    A study out of Stanford analyzes factors that lead to California’s lower per-capita electricity consumption. Proponents of regulation and cap and trade often point to the “success” California has had reducing per-capita electricity consumption (Note the reduction is relative to per-capita consumption in the rest of the U.S.). The study … More

    Subsidized Green Jobs Destroy Jobs Elsewhere

    Government expenditures are not free. Economists know this and most others recognize it when they take the time to think about it. Unfortunately, it seems not everybody takes that time. In a story fit for satire in The Onion, a renewable energy research group, bankrolled by a $1.1 billion subsidy … More

    Cap and Trade’s Bait and Switch

    This morning we reported on a recently-leaked document from the G20 Climate Finance Experts Group detailing that while Congress has promised to give Waxman-Markey’s energy tax revenues to Americans, Obama administration negotiators are promising to give that very same money to the governments of China, India and a host of … More

    Cap and Trade’s Effect on Diesel Prices

    Do you drive a truck or a farm tractor? If not, do you use any products grown on a farm or shipped by truck? Well, here’s some news: The Waxman-Markey energy tax bill will make all those products more expensive. By artificially restricting use of fossil fuels (which provide 85 … More

    How Cap and Trade Affects the Health Care Debate

    The Waxman-Markey energy tax plan will have all sorts of unwanted side effects. As the healthcare debate ramps up, it’s worth noting problems misguided global warming legislation can generate for medical care. Though it would be nearly impossible to trace all the impacts of higher energy costs on medical services, … More

    Time vs. Truth When it Comes to Cap and Trade

    “In fact, they’re all but lying.” Those are pretty strong words to be used in a national news source, especially one that aspires to be an arbiter instead of an advocate. So, it is disappointing that Time magazine would make that statement either in clear ignorance of the facts or … More

    CBO’s Latest Cap and Trade Analysis

    Here’s today’s news from the Congressional Budget Office on the recently passed Waxman-Markey legislation: It’s a big tax and spend bill. For the years 2010-2019 the tax increase is $872.8 billion. Ka-ching! (For the record, that’s pretty close [we’re talking government work here] to the $885 billion revenue estimate that … More

    How to Hide a Trillion Dollars

    The Obama Administration’s recent budget has some of the most revealing text in the smallest font. Put on your green eyeshade and get out your wonk decoder ring. We’re heading down into the weeds to hunt budget big game. Footnote 5 of Table S-6 starts off “Shown here are those … More

    Unexportable Jobs

    Here is a quote from the President’s new budget (emphasis added): “If we lead the world in the research and development of clean energy technology, we can create a whole new industry with high-paying jobs that cannot be shipped overseas. Some compare the promise of this sector to information technology.” … More

    Some Needed Climate Perspective

    Here is the world temperature diagram from the Hadley Center that some think projects a catastrophic warming (this projection was easier to believe before the cooling of the last several years). The trough-to-peak temperature change from 1910 to 2005 is about .9 degrees C. This is a diagram from our … More