Michael Giberson Like the editorial board of the Wall Street Journal, I’d like to see the Production Tax Credit for wind and other renewable energy technologies expire at the end of this year as scheduled. So policy-wise, I’m with them. Still, their editorial against the wind power policy yesterday was awful and it deserves public …
The Wsj’s Awful Editorial Against the Wind Power Industry Read More »
Michael Giberson Gasoline prices are relatively high and we’re well into the 2012 political campaign, so that means we have presidential wannabees and a wannabee-reelected promising to pass out candy to voters faster than a newly split piñata. In North Carolina yesterday President Obama announced a $1 billion initiative for a “National Community Deployment Challenge …
Well, in That Case I Favor Higher Automobile Fuel Economy Standards Read More »
Michael Giberson The Spectator magazine in the U.K. announces the Matt Ridley Prize for Environmental Heresy: Matt Ridley has long deplored the wind farm delusion, and was appalled when a family trust was paid by a wind farm company in compensation for mineral rights on land on which it wanted to build a turbine. The …
Michael Giberson In other transportation alternatives news, Bright Automotive is folding after spending $15 over four years in an effort to secure a $450 million low-interest loan from the U.S. Department of Energy through the Advanced Technology Vehicles Manufacturing Loan Program. The Advanced Technology Vehicles Manufacturing Loan Program was created in the Energy Independence and Security Act of …
Bright Automotive Can’t Get Federal Loan After Four Year Wait, Folds Read More »
AND: In other alternative transport news, Bright Automotive has folded. The company, launched at the Rocky Mountain Institute in January 2008 – within a month of the passage of the Energy Independence and Security Act of 2007
Michael Giberson In the inbox this afternoon, an emailed letter from my Congressman, Randy Neugebauer, who queries me (and I guess thousands of my neighbors as well) in this manner: Notice the congressman’s question, “do you believe we should be maximizing the development of our domestic oil and gas resources?” and the button labeled “Submit …
Michael Giberson The “green power paradox” grabs Hotelling by the ankles, turns him upside down, and shakes the change out of his pockets. Harold Hotelling’s classic article, “The Economics of Exhaustible Resources,” observes that the owner of an exhaustible resource stock always is making choices in the shadow of the future. If the owner produces …
Michael Giberson In the recent edition of The American magazine, the on-line journal of the American Enterprise Institute, Michael Shellenberger and Ted Nordhaus write in defense of the President’s State of the Union address claim of federal government credit for the shale gas revolution. (For those of you not keeping score at home, (1) I commented …
The Federal Government’s Natural Gas R&d Breakthrough Read More »
Michael Giberson At the end of a comment on Windfall, a new documentary on the effects of wind power development on a community in upstate New York, Michael Munger pulls out the key Pigou quote. Pigou is relevant because the best possible case to be made for subsidizing wind power production involves correcting for the …
A.C. Pigou, Public Choice Economist, on the Use of Government Read More »
Michael Giberson The Brookings Institution’s Energy Security Initiative has been looking at the changing natural gas market including, among other things, potential issues surrounding LNG exports from the United States. Overall it looks like reasonable stuff. But one claim made in a recent Brooking report [pdf], highlighted in a Wall Street Journal article today, had …
Lng Exports, the View from the Brookings Institution Read More »
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