What a difference 12 months makes. Almost exactly one year ago, the popular, newly minted president, Barack Obama, was telling Congress that he wanted “legislation that places a market-based cap on carbon pollution and drives the production of more renewable energy in America.”

The Democrats, fully confident of their new president and their grip on both houses of Congress, were certain that they could pass yet another big energy bill that would finally push hydrocarbons off their pedestal and replace them with wind turbines, solar panels, and every other type of alternative energy.

An Unstimulated Economy

But a lot has happened since Obama delivered his first State of the Union address. The global economy has continued to show lackluster growth. And perhaps most important: unemployment rates in the U.S. remain stubbornly high and are expected to stay high for at least the next two years.…

“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.