[Editor Note: This reprint of a February 2009 post by Robert Murphy at MasterResource is back in play regarding the self-styled conversion of Jerry Taylor from skeptic to climate alarmist. Taylor, a principal at MasterResource at the time, was well aware of the Martin Weitzman argument (below) but claims he was introduced to and converted by it years later.]

The funny thing about carbon pricing is that even if you take the latest IPCC report as gospel, and even if you assume all of the governments around the world implement a perfectly efficient carbon tax, even so the “efficient” carbon tax ends up being fairly low for a few decades, and then it ramps up as atmospheric concentrations increase.  (See William Nordhaus’s new book treatment of his “DICE” model for an excellent exposition.) …

“All economic pain and no environmental gain is bad politics coming and going. The Democrats do not seem to want to touch it, if their vote on the Green New Deal was any indication.”

” … history will judge the climate alarm as exaggerated, CO2 as the gas of life, and carbon-based energy and modern living as heaven on earth. Governor Abbott, thank you.”

During the day, Houston, Texas, bustles as the oil and gas capital of the world. The daily business fare as reported by the hometown Houston Chronicle is a new offshore project here, new refinery or petrochemical plant there, new onshore production plays elsewhere.

And then there is a whole new industry within an industry, LNG exports from Texas and Louisiana to distant ports–and even LNG tank cars crossing into Mexico.…

“Ms. Griswold will have to forgive readers if they choose not to believe that she is objectively calling balls and strikes, given how the narrative she concocts in her book is dramatically different from what regulators, independent laboratories, and medical professionals have determined – all of which have been affirmed in multiple courtrooms.”

“Five separate courts, including Pennsylvania’s Supreme Court, have upheld the DEP’s findings, yet Ms. Griswold continues to spread these unsubstantiated claims in her new book.”

A recent book by Eliza Griswold – the same author who gave an infamously inaccurate portrayal of shale development in Amwell Township, Pa., in a 2011 New York Times article – takes readers back to Southwestern Pennsylvania over claims of water contamination that have long-since been resolved by multiple regulatory agencies, courtrooms, and expert analyses.…

This continues a series on the syllabus of Pierre Desrochers’ course at the University of Toronto Mississauga, Energy and Society, which gets my vote as the single best course on its subject in North America if not the world.

Part I explored the course description as well as the videos and readings from the first two weeks of the class; Part II covered carbon-based energy.

General
“Electrification.” Greatest Engineering Achievements of the 20th Century. National Academy of Engineering. 2000. 

Bradley, Robert L and Richard W. Fulmer. Energy: The Master Resource, Kendall Hunt Publishing Company, 2004, Chapter 2: Using Energy, pp. 19-20, 25-29, 30-31, 45-48.

Environmental Literacy Council Website.
“Electricity.”
“Electric Current and Power Transmission.”
“Electric Power Grids and Blackouts.”

Lomborg, Bjørn.…