November 21, 2022
Proposals for a Windfall Profits Tax Are Damaging Even if Never Enacted
In the wake of the midterm election results, President Biden has made it clear that “I’m not going to change,” in particular with respect to his view that “the oil companies are really doing the nation a real disservice.” Accordingly, it is easy to predict a continuation of the incoherence of the Biden stance toward conventional energy: a policy environment reducing…
October 28, 2022
California’s EV Mandate Will Harm Every State
California has established a requirement that 17% of a given manufacturer’s new vehicle sales in the state be “zero-emissions vehicles” by model year 2023, increasing to 35% in 2026 and then in steps to 100 percent by 2035. The ostensible purpose is a decrease in vehicle carbon dioxide emissions, but with the technology currently available…
October 24, 2022
Saving Liberalism from Itself
The Crisis of Liberalism Liberalism is in crisis. Its defenders, who see liberalism as a bulwark against tyranny, fear that illiberalism now threatens to overwhelm liberal democracy. Its critics, who say liberalism is a failure that erodes community and tradition, welcome a “post-liberal” order. Today’s liberalism debate gives the false impression that this crisis is…
October 7, 2022
Joe Biden’s Ad Hoc Use of the Strategic Petroleum Reserve
Notwithstanding vociferous criticism of the politicized use of the Strategic Petroleum Reserve by the Biden administration, such drawdowns have been employed for decades by Democratic and Republican administrations alike as an ad hoc and futile response to short-run increases in fuel prices. Unlike the case for all previous administrations, which viewed the domestic production of fossil fuels as a positive or at least necessary objective, the major difference introduced…
October 6, 2022
Renewables Subsidies and the Institutionalization of Irresponsibility
The joy of spending huge amounts of tax dollars — Other People’s Money — is a truth obvious and eternal, but the corrupting effects of a systemwide shift toward such subventions are more subtle, and vastly more destructive. That is a central implication of the massive policy favoritism now directed toward unconventional electricity — hugely expensive, unreliable,…
September 30, 2022
Letter: Forget Manchin’s Bill. Real Permitting Reform Is Needed.
Note: This letter to the editor appeared in the Wall Street Journal on September 30th, 2022 in response to the Journal’s September 26, 2022 op-ed titled “Both Parties Should Support My Permitting-Reform Bill,” Sen. Joe Manchin’s bill that ostensibly would have speeded up the permitting process for conventional energy projects (“Both Parties Should Support My…
September 30, 2022
Here’s How to Improve Manchin’s Permitting Proposal — to Help More Energy Projects
While Sen. Joe Manchin (D-W.Va.) has withdrawn his own permitting bill, it is expected to surface again as Congress turns to permitting reforms to make it easier to build the necessary infrastructure for the energy systems of the future — especially after authorizing $370 billion in funding for new, cleaner-energy sources. All the money in the world will not help…
September 27, 2022
The Manchin Permitting Reform Bill Should Be Defeated
Like the deeply destructive “Inflation Reduction Act” that will do no such thing, the “permitting reform” bill (summarized here) released last week by Senator Joe Manchin carries a title — “The Energy Independence and Security Act of 2022” — utterly divorced from its actual prospective impacts. Its ostensible objective is the speedier development of conventional energy resources and such ancillary…
September 26, 2022
Biden’s Rule-Breaking Integrity Official
A Biden administration official whose job is to ensure the “integrity” of government science has an integrity problem of her own. Last month the National Academy of Sciences suspended environmental scientist Jane Lubchenco for violating basic principles of research integrity. Despite this disciplinary action from one of the most prestigious science organizations in the world—and her own…
September 20, 2022
Adverse Energy Taxes in the Inflation Reduction Act
The process of political meddling in energy markets is endless, an eternal truth that will not prove different for the energy provisions of the Inflation Reduction Act. Most public attention has been directed at the massive subsidies and favoritism directed at unconventional electricity — wind and solar power in particular — and electric vehicles, rather than the tax provisions, less…