Last week I blogged about the news accounts of ExxonMobil’s coming out in favor of a carbon tax. I was too hasty. I should have read Rex Tillerson’s speech first–and very carefully. Mr. Tillerson did not call for a carbon tax as reported in the Wall Street Journal. Deep in his speech, Tillerson argued that carbon taxation is better than cap-and-trade as a regulatory program.…
Continue ReadingThere are a lot of good reasons to be suspicious of regulators who claim to be guardians of the truth, but every now and then they get something right. The United Kingdom’s Advertising Standards Authority (ASA, http://www.asa.org.uk) is that country’s equivalent of the Federal Trade Commission, with jurisdiction over false advertising. Last month, the ASA reached a settlement with the British Wind Energy Association acting as agent for the country’s wind generators. Two months earlier, a local anti-wind group filed a complaint at the ASA against Npower, a subsidiary of Germany’s RWE. Npower’s advertising claimed that every kilowatt-hour of wind power displaced 860 grams of CO2 emissions from fossil-fuel power plants. The ASA determined that the amount was badly overstated. …
Continue ReadingFrom time to time, John Holdren has acknowledged that plentiful, affordable, reliable energy is vital to human well being. Indeed, there is no going back to an energy-poor world. (Remember: caveman energy was 100% renewable.)
When Holdren or Obama advocates policies that risk making energy artificially scarce or less reliable, these words can be used to argue for nonregulatory approaches to energy policy:
“Virtually all of the benefits that now seem necessary to the ‘American way’ have required vast amounts of energy. Energy, in short, has been our ultimate raw material, for our commitment to economic growth has also been a commitment to the use of steadily increasing amounts of energy necessary to the production of goods and services.”
… Continue Reading– John Holdren and Philip Herrera, Energy (San Francisco: Sierra Club, 1971), p.