Author Archive
Long Lines at the Gas Pump?!
My wife just called to tell me that she saw gas prices well over $4, when just a few days ago they had been around $3.60 here. This isn’t surprising; Hurricane Ike is knocking out refiners and causing prices to skyrocket, despite lower prices for crude. What troubled me, though, was that my wife said […]
Read moreFaith in Climate Models Is Non-Falsifiable
Suppose you supported the global climate models touted by the IPCC, and because of this you also supported giving the government power to implement trillions in new taxes. But then, a new model came out that showed a regional impact was the exact opposite of what the global model predicted. Specifically, the global model predicted […]
Read moreBig Alma Engages in Crimes Against Humanity
The industry-funded and non-peer-reviewed Old Farmers Almanac does its part to spread vicious lies about the scientific consensus on manmade global warming. NASA’s James Hansen is reportedly seeking counsel to bring suit. (HT2EE)
Read moreMurphy vs. Masters, Part Deux?
Masters Capital Management is back to their ways, picking on the hapless speculators. Does your heart go out to them, as does mine? I still have to read their new report, but I am skeptical. In the meantime, on page 15 here (pdf) you can see the Sept. 5 issue of the Sacramento Union where […]
Read moreDon’t Tax the Poor Oil Companies!
I’ve been lightly blogging lately because the Bat Signal flashed and I had to fly to DC to participate in a Hill briefing. IER has just released a new study gauging the possible impacts of repealing the Section 199 tax deduction on major oil and gas companies. (This is part of the “revenue offsets”–I think […]
Read moreCBO Releases New Deficit Forecast
On Tuesday the Congressional Budget Office (CBO) released its revised projections of the federal budget; check out this summary table (pdf). Highlights: * The estimated deficit for the fiscal year ending September 30 is $407 billion. * Under the baseline assumptions, the projected deficit for the fiscal year running from October 1, 2008 through September […]
Read morePickens Plan Too Cotton-Pickin Expensive
Below is a back-of-the-envelope calculation of the upfront cost of the Pickens Plan. To demonstrate that it is outrageously expensive, even on its own terms, I show how much cheaper it would be for the government to expand the Strategic Petroleum Reserve in order to provide comparable protection from foreign surprises. It should go without […]
Read moreWorking Paper on Market Responses to Climate Change
Here is my working paper (pdf) on a a framework for understanding how a truly free market (the world over) would deal with dangerous global warming, if the IPCC consensus turns out to be right and humans really are responsible. This is an extension to my earlier op ed claim that cap & trade is […]
Read more
Recent Comments