“EPA’s politically appointed leadership believes that the perversion of science is a ‘minor evil’ committed to achieve the ‘greater good’ of ridding the nation of coal-fired power generation. Science may be the first casualty in the EPA’s war on coal, but all of us are its victims.”
– Robert Peltier, “MACT Attack,” POWER, July 2012, p. 6.
Robert Peltier is no ordinary participant in today’s important energy debates. He is editor-in-chief of POWER magazine, which covers all technologies relating to electricity. He is a professional engineer with a Ph.D. in mechanical engineering. Peltier in a previous life was a tenured professor. He has worked in manufacturing and for a public utility. And before that, he was a commissioned officer in the U.S. Navy.
It is his job to study the technological possibilities with an eye to competitive viability in electric generation.…
“Even in flush economic times, carbon taxes would be bad policy. When economies are already laboring under too much spending and are at diminishing-return levels of taxation, implementing a carbon tax would be a mistake.”
– Kenneth Green, Dissecting the Carbon Tax, The American, July 13, 2012.
Open-mindedness is a mark of scholarship. And some great lights of classical-liberal social thought in the 20th century changed their minds for theoretical/empirical reasons from a utilitarian perspective.
F. A. Hayek began as a democratic socialist. Milton Friedman started as a FDR New Dealer and Keynesian. [1] Friedman later in life even moved away from his (naive) view of a fixed-monetary rule where, as he once put it, a computer program could manage the money supply. [2] Turns out that ‘money supply’ is not a fixed, known quantity; turns out that money is a government monopoly subject to politics.…
“For many American families, struggling to make ends meet in the jobless recovery, energy development is an answer to a prayer. The fact that the oil and gas boom has been done without taxpayer subsidies—and despite reactionary public policies at the federal level and in some states (such as New York)—means that more economic opportunity is on tap.”
In this so-called “jobless” recovery, aka the Great Recession, an estimated 20 million American workers are unemployed or underemployed. One out of every two college students cannot find work in their chosen fields. Competition for well-paying jobs is likely to become even tougher when thousands of men and women in uniform return home from Afghanistan and look for ways to support their families.
Although many U.S. industries have been reluctant to hire new workers due to political and economic uncertainty, the oil and natural gas industry is booming worldwide.…