November 25, 2024
Roger Federer spent 24 years as a professional tennis player. Roger Clemens played 24 years in the major leagues. And at the end of next month, I’ll leave my position as tenured, full professor the University of Colorado Boulder after 24 years on the faculty.1 Roger that! Leaving the faculty has motivated me to try to make sense of the…
November 25, 2024
Astronomer Carl Sagan observed in his popular 1980 television show Cosmos, “There are many hypotheses in science that are wrong. That’s perfectly all right; it’s the aperture to finding out what’s right. Science is a self-correcting process. To be accepted, new ideas must survive the most rigorous standards of evidence and scrutiny.” The scientific community’s historical…
November 20, 2024
As President Trump takes office for the second time, a pressing question will be how to handle the Biden administration’s legacy of targeting large businesses. In 2021, President Biden issued an executive order on competition, launching an all-of-government effort to reverse, or at least stay, a century-long trend: the rising share of national output produced by large firms….
November 19, 2024
He’s a climate denier! That is the standard reaction of many in the climate lobby when encountering views on climate and energy deviating from the monomaniacal view that climate is the world’s single-most important issue. Reactions from climate advocates to the nomination of Chris Wright,1 CEO of Liberty Energy, to serve in Donald Trump’s cabinet as Secretary…
November 15, 2024
Opponents of fossil fuels claim to oppose pollution, but they are all too happy to pollute our legal and constitutional institutions in pursuit of their climate-policy agenda. The latest manifestation of this trend is a litigation campaign against fossil-energy producers in state courts under state laws, alleging that the energy producers “knew” decades ago that…
November 13, 2024
In 2022, on a bipartisan basis, the U.S. Congress passed the Global Catastrophic Risk Management Act of 2022 requiring the Department of Homeland Security to coordinate an expert assessment of global catastrophic and existential risks. The Department of Homeland Security published the first Global Catastrophic Risk Assessment two weeks ago, and reached some important — and one surprising —…
November 7, 2024
Every fall since 2020 I have been teaching energy economics in Northwestern University’s Master of Science in Energy and Sustainability (MSES) program. I team teach with my friend Mark Witte, and my part of the course is backloaded—natural monopoly theory and regulation in theory and in history, new generation technology invention and adoption, wholesale power markets, digitalization…
October 31, 2024
As the Kamala Harris-Tim Walz and Donald Trump-JD Vance campaigns pour resources into Maine to compete for electoral votes, both the Vice President and former President Trump could benefit from something more than campaign dollars: a lesson from Maine on how to fix the stalled Biden-Harris broadband rollout. The $42.5 billion Broadband Equity, Access, and…
October 30, 2024
This summer, Senators Joe Manchin and John Barrasso’s Energy Permitting Reform Act passed out of the Senate Energy and Natural Resource Committee by a 15-4 vote and the House of Representatives is now working on passing its own permitting reform. Both bills reflects a growing bipartisan consensus that after years of bottlenecks and delays to…
October 28, 2024
In the Financial Times over the weekend, John Burn-Murdoch discussed how projections of global population keep decreasing: Burn-Murdoch concludes: [T]hese estimates are extremely fuzzy and based on frameworks that were true in the past but may not be today. Use them with caution, and probably err on the low side. Given how important population projections are for climate…