“The stakes here could not be clearer. Economic studies have shown that Congressional inaction on the PTC will kill 37,000 American jobs, shutter plants and cancel billions of dollars in private investment. Congress needs to understand that, with PTC uncertainty, layoffs have already begun and further job losses and even plant closings will accelerate each month as we near expiration in December.”
– Denise Bode, quoted in American Wind Energy Association, “As Wind Manufacturing Job Losses Loom, Bipartisan Wind Extension Drive Continues (February 16, 2012).
Three cheers for market-driven resource reallocation for personal and economic betterment.
Some of us can speak from personal experience. I was part of the 4,000-person layoff from Enron Corporation on Monday December 3, 2001. The economy became a little more efficient that day, as many started getting jobs at other energy companies and elsewhere where consumer demand was stronger.…
Continue ReadingLast month, a group of 15 climate scientists (included the now disgraced Peter Gleick) sent a letter to Congress expressing their displeasure over the proposed Keystone XL Pipeline. President Obama has weighed in against approval, but Congress wants a green light to allow construction of the 1,700-mile, $7 billion project. Most recently, Bill Clinton weighed in for the pipeline, indicating just how deep the positives of the project are for the U.S. and world oil market.
So why are physical scientists getting political about a market-friendly pipeline to deliver oil from the Athabascan oil sands in Alberta, Canada, to various refinery locations in the Midwestern U.S. and ultimately the Gulf Coast?
The letter (reprinted at the end of this post) states that in addition to the local environmental impacts of oil sand mining (see here and here for a first-person account from Reason magazine’s Ron Bailey of the operation), burning such oil “on top of conventional fossil fuels will leave our children and grandchildren a climate system with consequences that are out of their control.”…
Continue Reading[May 7th Update: The subjects of this post have been diminished by the very unwise decision to conduct a (quickly terminated) billboard campaign linking global warming beliefs to madmen. We all make mistakes, and this was a big one. Our side has little margin for error given the huge resources of the other side. We cannot become ‘Joe Romm’ (et al.) in the quest to fight Joe Romm (et al.)]
The scandal perpetrated by climate alarmist Peter Gleick has brought the libertarian think tank Heartland Institute and its founder, president, and CEO Joseph Bast into the spotlight.
Heartland’s free-market orientation led Bast et al. into climate-change science, economics, and policy. Criticism from the climate establishment led Heartland to add a section on its website, Reply to Critics, to rebut charges that it is a ‘front group’ or anti-science.…
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