President Obama’s February 23 speech at the University of Miami supplemented his energy views in the State of the Union address and his 2013 Fiscal Year budget submitted to Congress. Playing defense in the face of high gasoline prices and an oil and gas boom not of his making, Obama’s pitch was long on misdirection and spin and short of true market-base reform.
Make no mistake: the President’s energy universe centers around curtailing the use of fossil fuels, in particular coal, due to fears that carbon dioxide (CO2) produced from combustion will cause catastrophic global warming. This motivation will guide future energy policies until the Obama era is over.
The United States has the most abundant fossil fuel reserves in the world, the greatest agriculture system, and the most innovative population, all of which should ensure prosperity for centuries. …
Continue ReadingThe Property and Environment Research Center (PERC) is the nation’s oldest and largest institute dedicated to improving environmental quality through private property rights and markets.
Founded 30 years ago in Bozeman, Montana, PERC began as a think tank where scholars documented how government regulation and bureaucracy have led to environmental degradation. At the same time, they sought to explain how markets could be harnessed to improve environmental quality. From this work originated the idea of free market environmentalism.
What is FME?
PERC senior fellow emeritus Richard Stroup has written a 2,400-word essay on free market environmentalism (FME) for the Library of Economics and Liberty. “Free-market environmentalism emphasizes markets as a solution to environmental problems,” explains Stroup. “Proponents argue that free markets can be more successful than government—and have been more successful historically—in solving many environmental problems.”…
Continue ReadingThe Wall Street Journal‘s Marketplace headline of March 5th said much: “Natural Gas to Power Pickups.” The piece did not mention the Nat Gas Act or other special government favors, just an effort by U.S. automakers to get natural-gas-fueled trucks into the mix given the large BTU disparity between gas and gasoline/diesel prices.
Reporter Jeff Bennett described a “growing wave” of interest in natural gas trucks:
… Continue ReadingOn Tuesday, Chrysler Group LLC plans to disclose it will build the first production-line pickup truck powered by natural gas. The auto maker is promising to build at least 2,000 heavy-duty Ram bi-fuel trucks that run on a combination of compressed natural gas and gasoline starting in June.
General Motors Co. on Monday plans to disclose it will offer bi-fuel Chevrolet Silverado and GMC Sierra 2500 pickups in the fourth quarter.