[Editor Note: This reprint of a February 2009 post by Robert Murphy at MasterResource is back in play regarding the self-styled conversion of Jerry Taylor from skeptic to climate alarmist. Taylor, a principal at MasterResource at the time, was well aware of the Martin Weitzman argument (below) but claims he was introduced to and converted by it years later.]
The funny thing about carbon pricing is that even if you take the latest IPCC report as gospel, and even if you assume all of the governments around the world implement a perfectly efficient carbon tax, even so the “efficient” carbon tax ends up being fairly low for a few decades, and then it ramps up as atmospheric concentrations increase. (See William Nordhaus’s new book treatment of his “DICE” model for an excellent exposition.) …
Continue ReadingBradley has tackled a vast and dynamic energy landscape through the big prism of Enron. He was wise to include necessary contexts for 15 chapters of markets and personalities. Navigating FERC deregulation orders over a decade was a fearsome writing task, done well. Pipeline and power plant deals at home and abroad; solar, wind, and other alternative energies, the list goes on. Politics in Austin, Washington, DC, and foreign capitals. Enron was everywhere.
Robert L. Bradley Jr. has written a very important book about Houston’s most controversial company. This is the first of a two-volume corporate biography chronicling the rise, fall, and aftermath of Enron; his tetralogy has already produced a book on worldview (Capitalism at Work: 2009) and prehistory (Edison to Enron: 2011).
Few observers have been as ideally located to chronicle this modern-day version of a Greek tragedy.…
Continue Reading“Do you operate the ‘Institute of Energy Research’ out of your living room? What exactly entitles you to the evidently self-applied label of ‘energy expert’? … You appear to be a deputy adjunt miller, lacking both discernible qualifications in the real world and the ability to tell a good argument from a bad one.” (Holdren to Bradley, September 17, 2003)
Some 16 years ago, I put my book writing on hold to critically review the long written record of John P. Holdren, then (and now) a Professor of Environmental Policy at Harvard University. (He was President Obama’s science adviser between Harvard appointments, from 2009 until 2017.)
The result, “The Heated Energy Debate: Assessing John Holdren’s Attack on Bjorn Lomborg’s The Skeptical Environmentalist,” was published by the Competitive Enterprise Institute in mid-2003.…
Continue Reading