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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

Post image for On ‘Fracking,’ President Boxes in Himself, America

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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Post image for EPA Continues the E15 Push

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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Post image for Center for American Progress Shills for T. Boone Pickens

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.

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Obama Goes Green and Detroit Goes Black
Henry Payne, Planet Gore, 10 June 2011

Notice How All the Energy Breakthroughs Are in Oil and Natural Gas?
Wall Street Journal editorial, 10 June 2011

Is Peer Review Biased against Nonalarmist Climate Science?
Chip Knappenberger, Master Resource, 9 June 2011

GM CEO’s Nonsensical Gas Tax
Tom Gantert, The Michigan View, 9 June 2001

McShane and Wyner Weights on Mann 2008 Proxies
Steve McIntyre, Climate Audit, 9 June 2011

Post image for Primer on President’s Clean Water Act Power Grab

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.

Post image for Chamber’s Job Summit Keynoted by Leading Job Destroyer

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.

Post image for Senate to Vote on Ending Ethanol Tax Incentives

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

Post image for NERA Economic Consulting Releases Study on Combined Impacts of EPA Utility MACT Rule and Clean Air Transport Rule

File this one under regulatory trainwreck. NERA Economic Consulting has just published a study on the combined economic impacts of EPA’s Clean Air Transport (CATR) Rule and Utility Maximum Available Control Technology (MACT) Rule.

NERA estimates the rules will impose $184 billion in cumulative costs on the electricity sector, increase average U.S. electricity prices in 2016 by 12%, and reduce net U.S. employment by 1.4 million jobsduring 2013-2020.

“It is important to note that this report only covers CATR and Utility MACT,” comments Brandon Plank of the Republic Policy Committee. “It does not include the costs of EPA’s greenhouse gas regulations under the Clean Air Act, New Source Performance Standards for refineries and utilities, ozone and particulate matter standards, reclassification of coal ash, etc.” (See chart below.)

Here is the NERA study’s summary of key results: [click to continue…]