The Holy Grail of climate change is a quantity known as the climate sensitivity—that is, how much the average global surface temperature will change from a doubling of the atmospheric carbon dioxide concentration. If we knew this number, we would have a much better idea of what, climatologically, was headed our way in the future and could make plans accordingly.
Thus far, however, this prize has been elusive. Back in 1990, in its very first Assessment Report, the Intergovernmental Panel on Climate Change (IPCC) suggested that the climate sensitivity was somewhere between 1.5°C to 4.5°C. In its latest Fourth Assessment Report published in 2007, the IPCC said the climate sensitivity was likely to be between 2.0°C and 4.5°C, and unlikely be to less than 1.5°C. Not a whole heck of a lot more certain than where things stood 20 years ago—and this despite a veritable scientific crusade to determine a more precise value.…
Continue Reading[Note this post is the most popular article ever published on Master Resource. It has been now been significantly updated. Go here to see the current version.]
Trying to pin down the arguments of wind promoters is a bit like trying to grab a greased balloon. Just when you think you’ve got a handle on it, it squirts away. Let’s take a quick highlight review of how things have evolved.
… Continue Reading1 – Wind energy was abandoned well over a hundred years ago, as it was totally inconsistent with our burgeoning more modern needs of power, even in the late 1800s. When we throw the switch, we expect that the lights will go on — 100% of the time. It’s not possible for wind energy, by itself, to ever do this, which is one of the main reasons it was relegated to the dust bin of antiquated technologies (along with such other inadequate sources like horse power).
Editor Note: This post complements a previous entry at MasterResource by Guillermo Yeatts,
Subsoil Oil and Gas Privatization: Private Wealth for the Common Good.]
Government intervention in free markets is prefaced on market failure. But no such rationale explains why federal and state governments have owned and managed hydrocarbon-bearing onshore and offshore lands. Government involvement can be explained by little more than the historical precedent of sovereign ownership of unowned property and of habit.
In a private property world, surface and subsurface areas would be unowned until the positive acts of discovery and intent to use. Under the “homestead” theory of first property title, the state of nature (unowned area) would not be the property of government but the first resource entrepreneur who, in the immortal words of John Locke, “tills, plants, improves, cultivates and can use the product of” the surface or subsurface to “enclose it from the common.”…
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