The Paris Climate Agreement is silly and destructive as a strategy to engender environmental improvement, but it works beautifully as a mechanism to transform the climate industry into a perpetual motion machine.
There’s no debating the fact that the domestic energy revolution has delivered a powerful economic stimulus to the economy and made American more energy secure than ever before.
The argument advanced by proponents of an Exxon investigation that Exxon knew that an increase in greenhouse-gas concentrations would engender climate catastrophes but misled the public is preposterous.
With the exception of financial help for those less fortunate, a sound principle is that those who consume power and depend on system reliability should pay the attendant costs. Hiding those costs and shifting them onto others is deeply corrosive in terms of the resource productivity that yields higher living standards for all.
We need market-competitive energy solutions that reduce costs for electricity ratepayers while improving environmental performance.
Jim Pethokoukis deserves real applause for his resistance to the “crisis” justifications for large and costly shifts in US and global energy policies, and for his willingness to recognize the important role of scientific uncertainty.
The goal of America’s energy sector isn’t to create as many jobs as possible. Rather, the economic goal is to produce as much electric power as possible at the lowest possible cost.
It is unsurprising that the value of Aramco begins to fall well below $2 trillion as the probability that the House of Saud might face a serious threat to its control of Saudi oil reserves reaches 50 percent and higher.
In the next 10 to 20 years, coal’s value is likely to grow as advanced coal plants meet the world’s growing need for energy while helping reduce greenhouse emissions.
The constant warnings about the adverse impacts of increasing greenhouse gas concentrations, apart from being utterly inconsistent with the evidence, are similar to the ancient interpretation of destructive weather as the gods’ punishment of men for the sins of Man.