“Over the past three decades, fossil fuels helped 1.3 billion people get electricity and escape debilitating energy poverty – over 830 million because of coal. However, 1.3 billion people (the population of the United States, Canada, Mexico and Europe combined) still do not have electricity…. That is why climate change is a critical moral issue.“
Scientists who question the supposed “consensus” on climate change are routinely labeled “skeptics” or even “deniers,” in a not-so-subtle reference to Holocaust denial. It is an absurd charge.
All of us agree that climate change has been “real” since Earth and human history began. It is ongoing, periodically significant, sometimes sudden, sometimes destructive – and thus far always unpredictable.
What we do not accept is the notion of “dangerous manmade climate change,” driven solely or primarily by carbon dioxide and other greenhouse gases … emitted as a result of using fossil fuels that have brought countless wondrous improvements to our human condition.…
“There is evidence that experience reduced the scope and severity of earlier errors [with the Strategic Petroleum Reserve]–that the 1981–84 performance was superior to the 1977–79 performance. But new facets of the program have brought new problems.”
“Combined with the $5 per barrel handling and storing expense [as of 1984], the overall market value of SPR oil is billions of dollars less than its embedded average cost of over $35 per barrel.”
A sacred cow of U.S. energy policy is the Strategic Petroleum Reserve. The case for the reserve assumes that another energy crisis lies around the corner, the reserve will be efficiently managed during the crisis to alleviate the emergency, and private inventories and entrepreneurship alone would be inadequate. The reserve is seen by proponents as the nation’s insurance policy against the inherent instability of the world oil market.…