The Political Economy Research Institute (PERI) recently put out a study called “Green Prosperity” with the subtitle: “How Clean-Energy Policies Can Fight Poverty and Raise Living Standards in the United States.” I have posted a full critique for the Institute for Energy Reserach, which I summarize here.
Helping Business By Crippling It?
The PERI study makes this bold claim:
The building of a clean-energy economy in the United States can also serve another purpose: to create new ‘pathways out of poverty’ for the 78 million people in this country (roughly 25 percent of the population) who are presently poor or near-poor, and raise living standards more generally for low-income people in the United States. (p. 2)
This is nonsense. You don’t make a country richer by taking away options from businesses.…
Continue ReadingThe August 4 issue of the New York Times features a rather illuminating article by Andrew Revkin – the Times’ climate reporter – on sentiment within the ranks of the IPCC as that organization begins work on its upcoming 2014 report. Revkin reports that the IPCC’s scientists are frustrated that the world’s governments – even those that are led by politicians who habitually give end-is-near speeches about global warming – are not taking the sorts of policy actions the organization thinks are necessary to head-off global catastrophe. Hence, a growing number of scientists want the IPCC to be more explicit and prescriptive with regards to public policy, less inhibited when discussing scientific issues where a great deal of uncertainty exists, more concerned with best practices pertaining to public risk management, and more politically sensitive about the issues that are examined at-length in the upcoming report.…
Continue Reading[Editor note: This post from February 19th is reprinted and expanded upon given the Obama Administration’s release of $2 billion this week for electric car components built in the U.S]
The wisdom of the ages applies to energy. The smartest-guys-in-the-room approach to energy transformation by DOE secretary Stephen Chu, based on a false premise of the unsustainability of hydrocarbon energy, should note such history. The silver bullets that he is looking for have a long, failed history for good reason.
Take for example the electric car, a perennially bad idea for receiving taxpayer subsidies. Below, produced verbatim, is an eye-witness account of a conversation between the father of electricity and the father of the automobile that took place some 113 years ago.
This conversation, dated as August 1896 by the eyewitness Samuel Insull (1859–1938), himself considered the father of the modern electricity industry, is recounted in his autobiography, The Memoirs of Samuel Insull (full cite at end):
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“He asked me no end of details,” to use Mr.…
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