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Wind production tax credit: $12.1 billion. Renewable diesel fuel tax credit: $2.2 billon. Algae mandate: $59 million. Elbow-rubbing with Ed Markey: Priceless. Groupon (expires 1/20/13) reports: “For $1,300, you get one VIP ticket for entry at 7 p.m. (a $1,950 value)… On the eve of the presidential inauguration, the 2013 Green Inaugural Ball corrals political leaders in […]
Could it be that investors have figured that now that the free money is coming to an end, it is time to leave the party? Bloomberg(1/14/13) reports: “Clean energy investment slid 11 percent last year after governments in industrial nations slashed subsidies for technologies ranging from wind turbines to solar power and biomass. The $268.7 billion […]
The chance to get rich off global warming is slipping away. Which could explain why Vice President Gore joined up with the royal house of Qatar, so they can hate American domestic energy production together. Did we mention that Al Jazeera also is backing that lousy propaganda from Matt Damon? WSJ (1/4/13) reports: “The Kyoto Protocol on […]
Why has Gov. Cuomo been sitting on a state report that shows that hydraulic fracturing is safe? What does he have against job creation and economic growth in upstate New York? NYTimes(1/3/13) reports: “The state’s Health Department found in an analysis it prepared early last year that the much-debated drilling technology known as hydrofracking could be […]
Jim Lankford is the right man for this job – a solid individual. Politico(1/2/13) reports: “The House Oversight and Government Reform Committee is planning a renewed focus on energy issues in the next Congress… Committee Chairman Darrell Issa (R-Calif.) will establish a new subcommittee on energy policy, health care and entitlements next year, POLITICO has learned. […]
The trusty “we’re running out of oil!” pundits are now “sure, the US will overtake Saudi Arabia and lead the world in oil production…but maybe only for a decade or so” pundits. IER(1/2/12) reports: “For decades, the proponents of so-called green or alternative energy sources have bemoaned the United States’ alleged ‘dependence on foreign oil’ as […]
Maybe peering over the edge of a cliff will attune these bozos in Washington to mortality. I wouldn’t count on it, though. AEA (12/31/12) reports: “With our nation’s economic future in their hands, Senate leaders are negotiating behind closed doors in the latest round of political brinkmanship to avert the so-called fiscal cliff. Early reports indicate that […]
Even the Washington Post thinks the wind PTC should end. Too bad they blow on the carbon tax. Washington Post (12/15/12) reports: “Some of those who sympathize with the wind subsidy, known as the production tax credit (PTC), say that it represents a second-best approach to supporting green energy. In fact it is not even a third- […]
We could not have said it any better ourselves: “The Wind Production Tax Credit: Corporate Welfare at its Worst”. National Center for Policy Analysis (December 2012) reports: “Americans will soon learn whether the political class in Washington is serious about cleaning up the dirty acts of favoritism and cronyism that are business as usual in the nation’s […]
The EPA is planning to tighten its gasoline regulations from Tier 2 to Tier 3 standards, which would reduce permissible sulfur content from the current 30 parts per million (ppm) down to 10 ppm. (I have written a full overview of the economic issues surrounding Tier 2 and Tier 3 in this earlier IER […]