Toyota has seen better months than February when the automaker recalled millions of vehicles amidst a sticky pedal and unintended acceleration problem that led to sales decline of 8.7 percent. To win back the consumer, Toyota offered incentives including extended warrantees, auto maintenance plans and zero percent financing, and it appears to be working as Toyota sales in the United States are up 47 percent for the first 8 days of March compared to last year. David Strickland, administrator of the National Highway Traffic Safety Administration (NHTSA), spoke in front …
Dale Klein, Commissioner and former chair of the Nuclear Regulatory Commission (NRC) challenged the premise on which President Obama based his move to withdraw the application to permit the geologic repository at Yucca Mountain. At a conference in Bethesda, Maryland yesterday Commissioner Klein emphasized that it was politics, not science, which led to this decision. Klein said, Frankly, I would have preferred the White House to plainly say that it was implementing a policy change. The president has the right and responsibility to set policy, and clearly, an issue of …
Chris Horner from the Competitive Enterprise Institute is at it again, doing his best Sherlock Holmes imitation. After a Spanish study warned that renewable energy policies destroy more jobs than they aim to create, the Department of Energy released a strong rebuttal, claiming the report lacked rigor. A CEI-submitted Freedom of Information Act (FOIA) request shows how the DOE’s critique of the foreign study came to fruition. What transpired is difficult to discern with precision, as DOE continues to withhold numerous responsive documents. But it is clear that senior staff …
The International Monetary Fund (IMF) is attempting to do what couldn’t be done at the international climate change conference in Copenhagen last December: Transfer large sums of wealth from developed countries to developing ones in the name of climate change. From BusinessWeek: Dominique Strauss-Kahn, head of the International Monetary Fund, said the organization is helping to set up a “green fund” that would raise $100 billion a year by 2020 to mitigate the effects of climate change in developing countries. Strauss-Kahn indicated the fund may use its quotas, which reflect …
Lost in President Obama’s rhetoric that the science is settled on climate change, the president is willing to shut down Yucca Mountain without scientific justification. Today, the Department of Energy (DOE) filed to withdraw the application for the geologic repository Yucca Mountain that was supposed to begin collecting used fuel in 1998. The Nuclear Waste Policy Act of 1982 set January 31, 1998, as the deadline for the federal government to begin disposing of used fuel. More than a decade after the deadline, the government has still not settled on …
As the national average of gasoline creeps to three dollars a gallon, economists are warning that high gas prices in the United States could slow the economic recovery. Other countries’ economies are recovering more quickly and increased production and activity is putting upward pressure on oil prices. That coupled with a relatively weak US dollar spells trouble for American drivers. Throw in carbon dioxide cuts and gasoline prices could reach unprecedented levels: To meet the Obama administration’s targets for cutting greenhouse gas emissions, some researchers say, Americans may have to …
President Obama declared in the State of the Union address that the United States must be a leader in clean energy production. Why? “Because I’m convinced that the country that leads in clean energy is also going to be the country that leads in the global economy,” the president reiterated today in a speech at Savannah Technical College. That’s a good reason if it were guaranteed to be true, but doesn’t it depend on the cost? If a manufacturer in another country can produce these technologies more cheaply than a …
Switching from fossil fuels to allegedly cleaner fuels may not be as good for the environment as advertised says the United Kingdom’s Times. Similar to the renewable fuels mandate in the United States, the UK has a Renewable Transport Fuel Obligation that requires 3.25% of fuel sold to come from crops – increasing to 13 percent by 2020. A new government study suggests that biofuels may actually be worse for the environment: The findings show that the Department for Transport’s target for raising the level of biofuel in all fuel …
Green jobs have been the foundation to any of President Obama’s jobs speeches. “Building a robust clean energy sector is how we will create the jobs of the future,” he said in a speech last month. We’ve long argued that subsidizing jobs comes at the expense of others and will result in net job losses. Sunil Sharan, director of the Smart Grid Initiative at GE from 2008 to 2009, details in the Washington Post how smart metering will create jobs but destroy many more in the process: It typically takes …
As recent as last summer an article in The Independent, citing assessment from the lead economist at the International Energy Agency (IEA) warned that “The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production.” The 2008 report urged that we are at a crossroads and we need to transition rapidly to a low carbon fuel economy. It’s certainly not a new argument; it was a consensus in the 1970s …
