“Politically oriented capitalism, whatever particular form it takes, involves the granting by the state of privileged opportunities for profit. Such openings are available only to those with connections or to those who can pay for influence.” 

–          Scott, James. Comparative Political Corruption. Englewood Cliffs, NJ: Prentice-Hall, 1972, p. 52.

Joe Romm at Climate Progress (Center for American Progress) is holding out hope against hope that a climate bill–just about any climate bill–will be passable in 2010. He regurgitates a Boston Globe piece under the headline, Graham, Kerry, Lieberman meet with Rahm Emanuel — and then Chamber of Commerce, whose VP of Gov’t Affairs said, “generally we were in synch”!

This brings up the question: why is the Chamber of Commerce negotiating with the enemies of true (consumer-driven) economic recovery?

This incident reminded me of a section from my book Capitalism at Work (chapter 6, pp.…

On Wednesday evening January 27th a discussion of the latest developments in climate change science will be held on the campus of Rice University (directions below for those nearby). This discussion/debate is cosponsored by the Shell Center for Sustainability and the Center for the Study of Environment and Society at Rice. Here is the flyer:

Defending the IPCC consensus regarding natural-versus-anthropogenic climate change is Gerald R. North, Distinguished Professor of the Physical Section, Department of Atmospheric Sciences and the Department of Oceanography at Texas A&M University.

Richard S. Lindzen, the Alfred P. Sloan Professor of Meteorology at the Massachusetts of Technology, will challenge the IPCC consensus, arguing that real-world climate sensitivity lies below the iconic range of 2c–4.5C. Questions about ‘Climategate’ and the newly emerged  ‘Himalayangate’ (the latter exposed by Dr.…

My recent post at MasterResource, Climategate: Here Comes Courage!, has been picked up in the blogosphere (such as at WattsUpWithThat) and has received several thousand views at MasterResource.

In my post, I profiled three individuals in the Houston area who in the post-Climategate environment have spoken up more forcefully against climate alarmism:

1. Dr. Neil Frank (a former director of the National Hurricane Center in Miami and a weather forecaster at KHOU-Channel 11 in Houston);
2. Michelle Michot Foss, an internationally respected energy economist with the University of Texas at Austin and the past president of both the U.S. Association for Energy Economics (2001) and the International Association for Energy Economics (2003); and
3. Peter Hartley, the George and Cynthia Mitchell Chair in Sustainable Development and Environmental Economics, and Professor of Economics, at Rice University.

Editor’s note:  This article is the second of two on shale gas production.  The first dealt with the U.S. situation; this one looks at the potential impacts of shale gas production in Europe and China.

Natural gas production in Europe, currently just over 11 Tcf, has been falling rapidly over the past decade.   About three fourths of Europe’s gas is produced in just three countries: the UK, Norway and the Netherlands.  Production peaked in 2003 at 13.5 tcf.

Consumption, on the other hand, continues to rise.  Gas use in Europe stood at 20.5 tcf in 2008 and is likely to increase further as coal-fired power plants retire or are phased out of service for environmental reasons.  Most of Europe’s imported gas comes from Russia (about 80%), with the remainder mostly as LNG.…