Tag: CAFE

  One of the problems with making purchases based on “the greater good”—as opposed to the direct benefits and costs—is that your estimate might turn out wrong. For example, many people simply assumed that electric vehicles were “good for the environment” and so were willing to spend more, and put up with more hassles, thinking […]

  In July 2011, President Obama announced yet another federal intervention into the economy: increased fuel-efficiency mandates for vehicles. Although his speech was jocular and peppered with humor, it was also filled with very misleading “facts” about energy markets. In the present piece I’ll address some of the biggest whoppers. The President Agrees: Rising Oil Prices Are […]

  On February 13, 2012, IER submitted its comment on EPA’s proposed light-duty truck greenhouse gas emissions standards. As we will see, even relying on the EPA’s own analysis shows just how absurd federal intervention into energy markets has become. The debate would be funny, if it didn’t have such serious consequences in terms of economic welfare and indeed […]