Last week’s New York Times announcement: “Sen. Cornyn’s Amendment Would Pre-empt Listing of Southwestern Lizard,” has received little attention as the media has been more focused on Congressman Weiner—but this is big news, too. For those in Southeast New Mexico and West Texas who’ve been working to draw attention to a little lizard with the potential to kill jobs and hurt the region’s economy, Senator Cornyn’s (TX) actions represent a giant step toward rational thinking.
For the past few months, since around Christmas time last year the Fish and Wildlife Service announced the proposed listing of the sand dune lizard as an endangered species, Permian Basin residents have been up in arms about the potential economic damage the listing could have on the area’s two major sources of jobs and revenue: ranching and oil and gas development. The feared impact would be especially hard hitting in the current fiscal crisis and could increase the price of gas as the Permian Basin accounts for about 20 percent of our domestic production.
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The Green Jobs Fantasy
Mona Charen, Patriot Post, 14 June 2011
Primer: Court Challenge to Endangerment Finding
Chip Knappenberger, Master Resource, 13 June 2011
Don’t Get Burned by Global Warming Alarmism
Jay Ambrose, News Chief, 13 June 2011
Energy 2011: Abundant, Not Scarce—But Highly Politicized
Carl Cannon, Real Clear Politics , 13 June 2011
Alarmists Outraged Olympic Torch Isn’t Low Carbon
The Australian, 10 June 2011
By all accounts, President Barack Obama has embraced ‘fracking,’ a.k.a. hydraulic fracturing, the American-made technological breakthrough in natural gas production that has roughly doubled known North American gas reserves in only the last five years. However, the President’s assault on American coal production has been so pervasive that he has given environmentalists the tools to block fracking from being applied to the most promising gas plays, despite his apparent support for the drilling technique. By warring with coal, the President has boxed himself in on gas.
In his 2011 State of the Union Address, the President set a target for America to generate 80% of its electricity by 2035 from “clean” energy sources, including wind, solar, clean coal, and natural gas. Three months later, in March, the White House issued an energy policy strategy, titled “Blueprint for a Secure Energy Future,” in which it was stated that, “we must focus on expanding cleaner sources of electricity, including renewables like wind and solar, as well as clean coal, natural gas, and nuclear power…” In a speech to promote the Blueprint, the President noted, “The potential for natural gas is enormous.”
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Reuters is reporting that the White House has given its seal of approval to the EPA’s proposed label for E15 (85% gasoline, 15% ethanol). The picture above is of an earlier draft label, no actual images are public yet (to my knowledge) of what the final image ended up being. I suspect the label will be quite similar though it will change 2007MY to 2001MY.
Despite cheers from the ethanol industry, its not clear where the path goes from here. The EPA has suggested that E15 could be sold across the country by September, but a number of gasoline stations are in opposition. Here is a letter (.pdf) sent to Lisa Jackson from the National Association of Convenience Stores (NACS) and the Society of Independent Gasoline Marketers of America (SIGMA), whom together represent roughly 80% of retail fuel sales in the United States. In it they write:
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The ironically-named Center for American Progress posted a blog by Daniel Weiss and Stewart Boss this week that argues that conservative groups are opposing the T. Boone Pickens Earmark bill (H. R. 1380) that would provide subsidies to Big Natural Gas on the grounds that subsidies distort the market, while at the same time the same groups are defending subsidies to Big Oil. For the record, the Competitive Enterprise Institute, for which I work, opposes all subsidies and mandates. These include subsidies to oil companies. The claim that groups like CEI support tax subsidies for oil companies is based on the ridiculous re-definition by the left of standard business deductions taken by all companies as tax subsidies when taken by oil companies.
Weiss’s lengthy blog is predictably inane. But it is obtuse even by the standards of the Center for American Progress. Big Oil and Big Natural Gas are one and the same. BP America is the largest producer of natural gas in the United States. Exxon Mobil owns the world’s largest privately-owned reserves of natural gas. Thus, by supporting multi-billion dollar taxpayer subsidies for natural gas, the Center for American Progress have convicted themselves of being in the pocket of the oil and gas industry. They are almost certainly being paid off by T. Boone Pickens to flack for the Pickens-Your-Pockets Plan.
On May 2, the Environmental Protection Agency (“EPA”) and the United States Army Corps of Engineers (“USACE”) proposed new Guidance to clarify which waters of the United States are subject to regulation under the Clean Water Act (“CWA”). If implemented as is, this Guidance document would increase significantly the authority of the federal government and it also would have a major economic impact. That is, it’s a major new policy. Yet it was never approved by the Congress. So it is another Obama power grab. (My colleague Marlo Lewis has covered extensively the EPA’s global warming power grab. Another colleague, Chris Horner, wrote a book on the subject.)
Unlike President Obama’s other power grabs, which are largely unprecedented, the history of federal jurisdiction under the CWA is characterized by the EPA and USACE seizing as much authority as they can. Therefore, the President’s Guidance document is taking a tradition of federal expansion to its extreme bounds. What follows is a primer that explains the context of President Obama’s Clean Water Act Guidance.
The National Chamber Foundation’s Campaign for Free Enterprise has announced that Jeffrey Immelt will be the keynote speaker at their Jobs for America Summit on July 11 at the U. S. Chamber of Commerce. Immelt, the CEO of General Electric, is America’s leading crony capitalist and promoter of cap-and-trade legislation. No word on whether the speakers will include fellow cap-and-trade promoters Jim Rogers, CEO of Duke Energy, and John Bryson, former CEO of Edison International, whom President Obama has nominated to be Secretary of Commerce. These proponents of energy-rationing polices are willing to raise energy prices and thereby make people poorer and destroy American jobs because they calculate that it will boost their companies’ profits.
In what is being described as an ambush, Senator Tom Coburn (R-OK) has successfully forced a vote (next Tuesday, June 14) on legislation that would, upon July 1, terminate the ethanol tax credit and corresponding tariff. A back of the envelope calculation suggests it would save approximately $3 billion in the remainder of 2011.
According to the article, Coburn is cautiously optimistic that he has 60 votes. Politico gets it right, this is a big deal regardless if it passes:
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In Denial: Thomas Friedman’s (Self) Limits to (Intellectual) Growth
Michael Lynch, Master Resource, 10 June 2011
Need a Light Bulb? Uncle Sam Gets To Choose
Virginia Postrel, Bloomberg, 10 June 2011
Romney Was Right on Auto Bailout
Henry Payne, Planet Gore, 9 June 2011
Here Comes Obama’s “Necessarily Skyrocket” Rules
Nicolas Loris, The Foundry, 9 June 2011
Where’s the Global Warming?
James Taylor, Forbes, 8 June 2011