Yesterday, on a strict party-line vote (34 Nay, 21 Yea), Democrats on the House Energy and Commerce Committee defeated Rep. Fred Upton’s (R-MI) amendment to protect workers from potential job losses due to the Waxman-Markey legislation.
Upton’s amendment is short and to the point:
After section 2, insert the following section and make the necessary conforming changes in the table of contents:
SECTION 3. MAINTAINING DOMESTIC EMPLOYMENT.
… Continue ReadingThe Administrator [of EPA], in consultation with the Secretary of Labor, shall annually prepare and certify a report to Congress on the average national employment rate for the prior year. If the Administrator determines, in consultation with the Department of Labor, that the unemployment rate for the prior year meets or exceeds 15%, as a result of the implementation of this Act, the provisions of the Act shall cease to be effective.
As a physicist, my belief is that one of the reasons that intelligent energy policies have not gained sufficient traction is that we are allowing those with political agendas (vs scientists) to define some key energy terms. And as a golfer, I know that a wager can be won or lost at the first tee — where the terms and conditions are agreed on.
Outside of “fiscal responsibility” probably the most significant misused concept that we have unwittingly gone along with is the term “renewable energy”. Giving some critical thought to this moniker is no academic matter, as the majority members of the U.S. Senate’s Energy Committee are currently pushing for a national Renewable Portfolio Standard (RPS), or what is now called the Renewable Electrical Standard (RES). Their decision as to what is a “renewable” will have profound technical, economic and environmental consequences on the United States.…
Continue Reading[Editor note: the current debate over climate policy has obscured another important energy-policy controversy: the notion that the production of hydrocarbons (even coal) has, or will soon, reach a physical peak. This post, like the author’s previous ones on this subject, shed light on the fallacious concept (from a business/economic viewpoint) that mineral supply is fixed and thus depleting.]
The recent death of Patrick McGoohan brings to mind one of the best lessons offered by television, and one ignored by all too many analysts (including academic economists). In an episode of his cult-classic series The Prisoner, McGoohan is confronted with a unique teaching system, wherein “The General” pumps information into villagers while they sleep. The General proves to be a ‘supercomputer’ (presumably less capable than desktops now available) containing all known information.…
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