All Research

All Research

Toward Serious Reform of Benefit/cost Analysis Under the Clean Air Act
Article
RealClearMarkets

Toward Serious Reform of Benefit/cost Analysis Under the Clean Air Act

The Environmental Protection Agency has published and solicited public comments on its draft rule reforming the benefit/cost analytic methodology applied to new regulations promulgated under the Clean Air Act (CAA). However boring…

The PREPA Debt Deal and the Future of Puerto Rico Creditworthiness
Article
RealClearMarkets

The PREPA Debt Deal and the Future of Puerto Rico Creditworthiness

There are no free lunches, an eternal truth that does not bode well for the years-long efforts of public officials in Puerto Rico to avoid the realities attendant upon the…

Blackrock Discovers the Joy of Other People’s Money
Article
RealClearMarkets

Blackrock Discovers the Joy of Other People’s Money

While genuflecting to its fiduciary responsibility to “promote long-term value” for those whose assets it is managing, Blackrock—the largest asset manager in the world—has announced in the form of a…

Can We Tackle Both Climate Change and Covid-19 Recovery?
Article
Financial Times

Can We Tackle Both Climate Change and Covid-19 Recovery?

No — Carbon taxes and green policies harm economic growth and jobs The close relationships between real gross domestic product, employment and energy consumption for both less and more developed…

Benjamin Zycher Responses to Questions for the Record from Chairman Barrasso and Senator Whitehouse
Article
American Enterprise Institute

Benjamin Zycher Responses to Questions for the Record from Chairman Barrasso and Senator Whitehouse

Introduction. This note offers responses to the questions posed by Chairman Barrasso and Senator Whitehouse attendant upon the prepared statement for the record of Dr. Benjamin Zycher of the American…

How the Trump Administration Should Structure Gulf Oil Royalty Relief
Article
RealClearMarkets

How the Trump Administration Should Structure Gulf Oil Royalty Relief

The Trump administration reportedly is considering a proposal to reduce the royalty rate on the future oil and gas production from forthcoming sales of leases for exploration and production in the Gulf…

Earth Day 2020: The Exhaustion of the Climate Left
Article
RealClearMarkets

Earth Day 2020: The Exhaustion of the Climate Left

“Climate Action” is the theme of this 50th Earth Day, and it is useful to note that these five decades of apocalyptic warnings truly are amazing in their consistency: Not one actually has come…

Correcting the Record on the EPA Decision to Ease Reporting Requirements
Article
RealClearMarkets

Correcting the Record on the EPA Decision to Ease Reporting Requirements

In a display of crass dishonesty shameless even by Beltway standards, the usual suspects in the environmental left, led by the ineffable Al Gore, have mischaracterized, blatantly, a temporary policy change on…

It Would Be Wise for Government to Not Meddle in the Oil Market
Article
RealClearMarkets

It Would Be Wise for Government to Not Meddle in the Oil Market

The crude oil sector now is confronted by a sharp decline in demand conditions caused by the COVID-19 pandemic and an increase in production attendant upon the price feud between…

Prepared Statement of Dr. Benjamin Zycher and Dr. Patrick J. Michaels on S. 2754, “American Innovation and Manufacturing Act of 2019”
Article
American Enterprise Institute

Prepared Statement of Dr. Benjamin Zycher and Dr. Patrick J. Michaels on S. 2754, “American Innovation and Manufacturing Act of 2019”

The Committee on Environment and Public Works of the U.S. Senate is considering the proposed bill S. 2754, the “American Innovation and Manufacturing Act of 2019,” (hereafter “AIM”) which would…

Comment Letter to the Railroad Commission of Texas
Article
American Enterprise Institute

Comment Letter to the Railroad Commission of Texas

To the Railroad Commission of Texas: Re: Motion for Commission Called Hearing on the Verified Complaint of Pioneer Natural Resources U.S.A. Inc. and Parsley Energy Inc. to Determine Reasonable Market…

Oil-market Central Planning: Not Just for Socialists Anymore
Article
National Review

Oil-market Central Planning: Not Just for Socialists Anymore

Hard times indeed are hard, and that adjective is wholly inadequate to describe the double whammy now afflicting U.S. crude-oil producers: declining demand due to the COVID-19 pandemic and the…

The Strategic Petroleum Reserve and the Fallacies of “Embargo” Thinking: Does the Private Sector Stockpile Too Little Oil?
Article
American Enterprise Institute

The Strategic Petroleum Reserve and the Fallacies of “Embargo” Thinking: Does the Private Sector Stockpile Too Little Oil?

President Donald Trump announced a few days ago that the US Department of Energy (DoE) will purchase “large quantities of crude oil” to be stored in the Strategic Petroleum Reserve (SPR), created under authority…

The FERC Minimum Price Order and Federalism
Article
RealClearMarkets

The FERC Minimum Price Order and Federalism

In the Beltway, no inefficient policy deed goes unrewarded. That is an eternal truth illustrated well by the expansion of federal powers—at the expense of state and local authority—attendant upon…

Reform of the National Environmental Policy Act
Article
American Enterprise Institute

Reform of the National Environmental Policy Act

The Trump administration proposed earlier this month a reform of the implementing regulations of the National Environmental Policy Act (NEPA), a law enacted 50 years ago. The implementing regulations last were updated…