California Cap-and-Trade Cronyism: James Hansen Weighs In

By Robert Bradley Jr. -- December 21, 2012 5 Comments

“You don’t want [California’s] system with caps, where you have trading, you have derivatives, you have markets that then collapse and don’t actually reduce emissions much. That’s been tried in Europe, and it didn’t do much.”

– James Hansen, quoted in David Baker, “James Hansen Blasts Cap-and-Trade,” San Francisco Chronicle, December 5, 2012.

“Cap-and-trade’s complexity provides a breeding ground for special interests…. Why do those special interests deserve it anyhow?”

– James Hansen, “The People vs. Cap-and-Tax,” New York City, January 12, 2010.

NASA climate scientist James Hansen has long attracted criticism as the progenitor of modern climate alarmism. In recent years, Hansen has been prone to hyperbolic statements against fossil fuels, ignoring the moral imperative for abundant, affordable, and reliable mass energies (called progressive energy by Alex Epstein).…

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Carbon Tax: Climatically Useless

By Chip Knappenberger -- December 3, 2012 25 Comments

“No matter how much you pay with a carbon levy, virtually nothing is received climatically…. No matter the level of domestic action that we take, it will pale in comparison to the rapid expansion of carbon dioxide emissions in other parts of the world.”

How much global warming will result from U.S. emissions over the course of this century, and how much of that could be prevented by a carbon tax? These two questions have the same simple answer—virtually none. One or two tenths of a degree a century out with–and without–a carbon tax makes the whole climate debate a peculiar exercise.

The Intergovernmental Panel on Climate Change (IPCC) estimates that the earth’s average temperature will increase somewhere between 1.1°C and 6.4°C over the 21st century, depending on the assumed pathway of anthropogenic emissions (both greenhouse gases and aerosols) and the actual (but unknown) climate sensitivity.

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Energy Transformation and "Moore's Curse": Realism Before Action

By Steven Lightfoot -- November 29, 2012 3 Comments

[Editor Comment: Previous posts at MasterResource (see here and here) have critically reviewed Moore’s Law applied to energy systems. Mr. Lightfoot revisits the issue below based on his article in Engineering Dimensions (May/June 2013). His views about the need for government direction to achieve energy transformation are the author’s alone.]

In a 2009 speech before the United Nations, Israeli Prime Minister Benjamin Netanyahu spoke about hope for the future:

“It took us centuries to get from the printing press to the telephone, decades to get from the telephone to the personal computer, and only a few years to get from the personal computer to the internet. What seemed impossible a few years ago is already outdated, and we can scarcely fathom the changes that are yet to come.

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Wind PTC: Facts vs Fluff

By -- November 20, 2012 5 Comments

“AWEA says that Congress should provide a tax credit for high-income earners to pay less than their “fair share,” while middle-class taxpayers borrow $12+ billion from China to subsidize an expensive, unreliable, environmentally destructive, alternative energy source, based on unsubstantiated claims, that will actually result in net job losses! Exactly why is that a good idea?”

Last week, head wind lobbyist, Denise Bode (AWEA), waxed eloquently about why extending the wind Production Tax Credit (PTC) is a splendid scheme that some of our legislators are supposedly supporting.

This immediately brings to mind Upton Sinclair’s insightful observation: “A man cannot be expected to understand something when his income depends on his not understanding it.”

Put another way, when a salesperson says their product is the cat’s meow, be careful that you don’t get caught in the claws.…

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Environmental Battles Under Obama 2

By -- November 19, 2012 3 Comments Continue Reading

'Trends Can Change' (Mises): The Context (Part II)

By Richard Ebeling -- November 13, 2012 2 Comments Continue Reading

'Trends Can Change': Ludwig von Mises (1951) Speaks to Us Today

By Robert Bradley Jr. -- November 9, 2012 5 Comments Continue Reading

Twenty Bad Things About Wind Energy, and Three Reasons Why

By -- October 24, 2012 47 Comments Continue Reading

Anti-Oil Sands: Perverse Ethics in the Name of the Environment

By -- October 22, 2012 3 Comments Continue Reading

Winning vs. Losing Energy Policy

By -- October 17, 2012 4 Comments Continue Reading