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Falling gasoline prices have led to heightened interest in jacking up gasoline taxes. As a CBS story put it: “If there ever was a perfect time to raise gas taxes, now would be it. Which is why it’s no surprise that federal and state lawmakers are showing new interest.” Yet there is no economic or […]
The Institute for Energy Research (IER) has formally submitted its Comment to the Office of Management and Budget on the Obama Administration’s use of the “social cost of carbon” as an input for federal regulatory action. This is a crucial topic that may significantly influence energy policy. Those who want the full details should click the link […]
Last summer I testified before a Senate subcommittee on the numerous problems with the estimates issued by the Administration’s Working Group on the Social Cost of Carbon. The Working Group’s estimates of the “social cost of carbon” were artificially inflated because of several modeling decisions that it made, including the very significant omission of a 7 percent discount rate […]
The following is IER’s response to the National Journal Energy Insiders question, “Is the (Energy) Price Right?“ Especially since the breakup of the Soviet Union, Western intellectuals and government officials have acknowledged the flaws in top-down central planning, and have paid lip service to the wonders of a decentralized market process in determining prices and […]
There are many problems with the standard case for a carbon tax, including very dubious assumptions in the computer models used to calibrate the so-called “social cost of carbon.” Yet even if we put aside all of those principled objections, the way that the Obama Administration in practice has tried to clamp down on greenhouse […]
In my recent testimony to the Senate Environmental and Public Works committee, I explained that (among its other problems) the Obama Administration’s Working Group on climate change had explicitly ignored the Office of Management and Budget (OMB) guidelines stating that cost/benefit analyses had to be conducted using both a 3 percent and a 7 percent […]
WASHINGTON — The American Energy Alliance was joined today by eight other free market organizations in support of Rep. Tim Murphy’s (R-Pa.) amendment to H.R. 1582, The Energy Consumers Relief Act of 2013. The Murphy amendment protects Americans by requiring the Environmental Protection Agency to follow public and transparent procedures when utilizing a “social cost of carbon” […]
The ironic thing in the debate over carbon policies is that opponents of massive new federal taxes and regulations don’t need to go to obscure websites or ideological Think Tanks to get their talking points. On the contrary, those of us who are very wary of giving the government more power over the entire energy […]
After all, we’re just on a big hamster wheel at the Obama administration’s service. Daily Caller (6/13/13) report: “The White House raised its estimates of the social cost of carbon dioxide emissions from $21 per metric ton to $35 per metric ton, but critics say that there is ‘little ‘science’ behind the whopping numbers.’… ‘The ‘social cost […]
We mentioned the “social cost of carbon” last week, but here’s the full analysis. The Obama administration is quietly making it easier for their “benefit” numbers to go head to head against costs. IER (6/6/13) reports: “The very concept of the ‘social cost of carbon’ is not nearly as objective and scientific as, say, the charge on […]