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.
Around the time of the first Earth Day in 1970, there was a torrent of apocalyptic predictions that were not simply wrong, but spectacularly wrong. We can expect more of the same this year, despite the facts that: a) carbon emissions in the US fell last year to their lowest level in almost a quarter century and b) we are in the longest period in US history (11 years and counting) without a major hurricane.
On Earth Day 2017, Americans can celebrate being the only major country in the world to significantly reduce CO2 emissions — thanks to fracking and shale gas. By replacing coal with natural gas as a fuel source for electric power, carbon emissions from generating the nation’s electricity fell to the lowest level last year since 1988, nearly three decades ago.
To observe 2017 Earth Day on April 22, I’ll be featuring a series of posts this week about environmental issues. Here’s eight minutes of brilliant classic comedy from George Carlin on “Saving the Planet.”
The larger implication of the “securities fraud” argument on fossil fuel reserves is simple — someone must watch the watchers, the age-old problem of government power in a constitutional republic.
In the April issue of AEI’s Political Report, we look at what Americans think about climate change and environmental and energy concerns. We also examine views on tax reform, and we take the public’s temperature on health care policy.
Environmental activists cling to the smallest issues and work to manufacture full-blown assaults on domestic energy production as well as the hundreds of thousands of good-paying American jobs the industry supports.
Given the weak history of analytic rigor and policy success in the context of energy subsidies, greatly increased modesty on the part of policymakers would prove highly advantageous.
Enactment of SB 309 would demonstrate that subsidies for unconventional power are not untouchable. Such electricity may be a cash cow for some, but it ought not be a sacred cow for all.