Search Results for: "Julian Simon award"
Relevance | Date$10,000 Bet on Climate Change: Asking the Wrong Question
By E. Calvin Beisner -- June 26, 2014 11 Comments“[Christopher Keating] rigged the bet. Compare it with the old-West poker player who stacks the deck, marks the cards, seats his opponents so he can see their hands in mirrors, and hides a few aces up his sleeve.”
“Physicist offers $10,000 to anyone who can disprove ‘man-made global climate change'”, the headline at Daily Kos (June 22, 2014) proclaimed. “Climate change deniers using same methods as tobacco industry, says physicist.”
Wow! It’s put-up or shut-up time for climate skeptics like us at the Cornwall Alliance, right? Ten grand ripe for the picking!
All we have to do is lay out our proof and collect the dough. And if we don’t? Well, obviously we’re admitting we don’t dare put our arguments to the test.
But there’s a whole lot less here than it appears.…
Continue ReadingMcClendon’s Price Lesson at Chesapeake (“Depletable” resources expand)
By Michael Lynch -- February 28, 2013 1 Comment“[Free energy] markets tend not only to clear, but to clear faster and at lower prices than anticipated.”
The resignation of Aubrey McClendon as CEO of Chesapeake Energy provides a good case to study in corporate strategic planning. Ignoring his financial side deals, for which he has received a good share of criticism, the wisdom of his primary strategy, the aggressive pursuit of shale resources, is an open question to many. Although he has been hailed as a pioneer and risk taker, clearly those risks have gone bad and should be examined.
Higher Prices: A Bad Bet
The core failing was his decision to bet the firm (essentially) on high natural gas prices. From 1997 to 2005, wellhead prices had increased from $3/Mcf to $8/Mcf (2010$), the highest level historically. This, combined with a neo-Malthusian mentality, convinced him and many others that prices would not be mean-reverting, but remain at levels from two to three times the historical average.…
Continue Reading'Human Achievement Hour': Leave the Lights On and Celebrate this Saturday March 31st
By Robert Bradley Jr. -- March 29, 2012 4 Comments“During Human Achievement Hour, enjoy the benefits of capitalism and human innovation. To celebrate participants need only to spend the 8:30pm to 9:30pm hour on March 31 enjoying the benefits of free enterprise and human innovation: gather with friends in the warmth of a heated home, watch television, take a hot shower, drink a beer, call a loved one on the phone, or listen to music.”
The Competitive Enterprise Institute (CEI) is a feisty bunch. Their global warming realism team of Marlo Lewis, Myron Ebell, Chris Horner, and William Yeatman is crack.
And really, who would you rather have a beer with: Marlo Lewis or that guy Joe Romm over at Climate Progress? Heck, Marlo might bring his Mandolin and Old Town Tradition band to entertain you!
I think we win the ‘good guys’ award in the highly contentious global warming debate, not only the intellectual case for climate livability and public policy inactivism.…
Continue ReadingIn Denial: Thomas Friedman's (Self) Limits to (Intellectual) Growth
By Michael Lynch -- June 10, 2011 4 Comments“[N]eo-Malthusians like [Paul] Gilding resemble hypochondriacs who insist that they are at death’s door and see every sniffle as confirmation that the end is near. Rather than launch massive programs to sterilize the population or make everyone vegetarians, we should hand them a tissue and tell them to get over it. Or, as the English philosopher Pete Townsend said, ‘This is no social crisis, just another tricky day for you’.”
– Michael Lynch on Thomas Friedman et al.
Thomas Friedman’s New York Times latest column–The Earth is Full–quotes environmental-entrepreneur Paul Gilding (author: The Great Disruption) about the rampant denial concerning the world crossing of “growth/climate/natural resources/population redlines all at once.”
So just about all of us do not see what is so obvious to these smartest-guys-in-the-environmental room. Really.…
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