Search Results for: "Windfall"
Relevance | DateBipartisan Energy Policy: Consumers, Taxpayers Beware
By Peter Grossman -- January 13, 2015 2 CommentsLately, people in and out of the federal government have expressed nostalgia for the good old days of bipartisan lawmaking. Today, we have legislative gridlock, and an ideologically polarized Congress; back then Congress got things done.
There is some truth to this, but what were the results of bipartisanship?
With respect to energy, the answer is mostly awful.
Here’s a list of some major pieces of energy legislation (and the votes) of the last 40+ years; commentary to follow:
Bill/Year | Final House Vote | Final Senate Vote |
Emergency Petroleum Allocation Act of 1973 (EPAA) | 348-46 | 83-3 |
Energy Policy and Conservation Act of 1975 (EPCA) | 300-103 | 65-27 |
Crude Oil Windfall Profit Tax Act (1980) | 302-107 | 66-31 |
Magnetic Fusion Energy Engineering Act of 1980 (MFEE) | 365-7 | Acclamation |
Energy Security Act of 1980 (SFC) | 317-93 | 78-12 |
Comprehensive Energy Policy Act of 1992 (EPAct 1992) | 381-37 | 93-3 |
Energy Policy Act of 2005 (EPAct 2005) | 275-156 | 74-26 |
Energy Independence and Security Act of 2007 (EISA) | 314-100 | 86-8 |
The table shows there was plenty of bipartisanship.…
Continue ReadingNew York Wind Wars: Hiding the Facts (PTC allows Invenergy to desecrate)
By Mary Kay Barton -- September 12, 2013 16 Comments“New York State’s installed wind factories averaged a pathetic 23.5% Capacity Factor in 2012…. It’s no wonder New York has earned the dubious distinction of having the highest electricity rates in the continental United States – 17.7 cents per kilowatt-hour (kWh) – a whopping 53% above the national average.”
The last minute extension of the Production Tax Credit (PTC – aka: “Pork To Cronies”) within the December 31, 2012 fiscal cliff deal was good news for Big Wind corporate welfare profiteers, like Michael Polsky’s Invenergy. It was very bad news for rural/residential Towns being targeted by industrial wind developers here in New York State, and across the nation.
Despite the fact that the Wyoming County, NY Town of Orangeville’s conflicted Town Board approved Invenergy’s “Stony Creek” project in the Fall of 2012, Invenergy admitted they would not be going ahead with the project unless the PTC was extended – highlighting the fact that the only thing Invenergy is interested in ‘harvesting’ is taxpayers’ money.…
Continue ReadingDear Australia: Replace the Carbon Tax with . . . NOTHING (don’t cream consumers at the credit casino)
By Viv Forbes -- August 7, 2013 1 Comment“Australia’s proposed Emissions Trading System is a variable and unpredictable carbon tax…. ETS is complex in operation; encourages brokers, lawyers and speculators; and will drain our money to middlemen and into the European carbon credit casino. And it will create a growing army of vested interests who will forever oppose its abolition.”
Australia’s destructive carbon tax is in full political play this election season. “If this election is about anything, it is about the carbon tax,” opposition leader Tony Abbott stated this week. “Getting rid of the carbon tax is fundamental to our plan for a stronger economy.”
At his candidacy’s home page, Abbott states (and promises):
… Continue ReadingRepealing the Carbon Tax will ease cost of living pressures on families, help small business and restore confidence to the economy.
On day one, the Finance Minister will notify the Clean Energy Finance Corporation that it should suspend its operations and instruct the Department of Finance to prepare legislation to permanently shut-down the Corporation.
Frac Bounty: All Should Participate (resource creation for economic revival)
By Paul Driessen -- July 25, 2013 1 Comment“Deep Ecology adherents view fossil fuels as evil incarnate, and believe fervently in ‘peak oil’ and Climate Armageddon. They are frustrated that fracking guarantees a hydrocarbon renaissance and predominance for decades to come, and helps reduce carbon dioxide emissions without massive economic sacrifice.”
Anti-energy activists actively promote falsehoods about the vital, safe, job-creating hydraulic fractionation. They inhabit a callous parallel universe to wage war on affordable, plentiful energy–and quality, sustainable jobs. Such a war targets those who need jobs and lower costs the most.
It is time for all thinking, good people–Democrat and Republican–to welcome the oil and gas treasure unleashed by new technology in every locality and state where private property rights are respected. And, as Bret Stephens wrote in the Wall Street Journal, it is high time for environmentalists to think.…
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