As a coda to Mike’s post yesterday regarding the CRS study of the effects of removing oil subsidies on gasoline prices, here’s Ron Bailey at Reason reminding us that ethanol subsidies are almost triple those to the oil companies, and with little to show either environmentally, economically, or energetically.
Courtesy of Dr. Vino, an Australian winery using a new German technology rather than a screw cap for its cellar-destined (at $500/bottle!) wines. Called Vino-Lok, the company touts its glass stopper/elastic ring technology’s wine-aging capabilities.
This week Philips is releasing a mass-market LED light bulb with a physical and lumens-delivering profile to mimic incandescents at a fraction of the energy use. But they’ll still be priced at $40-45, which is a bit steep for customers who are accustomed to cheap, short-lived bulbs, so their market success will require some education and adaptation of expectations. They will also have to overcome the hurdles of the failed expectations of compact fluorescent bulbs, which have not demonstrated the required longevity/price tradeoff to make them economical (in addition to their other shortcomings). I may buy one to test, but I don’t plan on fitting out my whole house in these LEDs any time soon, based on my CFL experience.
David Zetland reminds us of the provenance of the economist moniker “dismal scientist”, and claims that he likes to “take pride in calling attention to the unpleasant problems that impede human progress and happiness.” Me too, my friend, me too.