All Posts Tagged With: "energy policy"
Do We Need “Alternative Energy” Because of the Oil Spill?
Government intervention played an important role in the spill’s happening in the first place.
23Jun2010 | William L. Anderson | 6 comments | ContinuedSome Utility Companies Want Cap and Trade Now
“Utility executives are stepping up calls for legislation to cap greenhouse-gas emissions, fearing that if Congress doesn’t act, the EPA will establish rules that would be costlier and less effective.” (Wall Street Journal, Monday) Summary of domestic energy policy debate: Devil you know or the devil you don’t? FEE Timely Classic: “The Perverse Popularity of [...]
9Nov2009 | Mike Van Winkle | 1 comment | ContinuedCap and Trade 101
Paul Krugman is trying to lecture us about the economics of cap and trade this morning. He has a nice little graphic explaining the relationship between caps and costs. He insists that the blue “rents” in the chart should not be factored as costs because: The creation of cap and trade means that emission permits [...]
27Sep2009 | Mike Van Winkle | 5 comments | ContinuedUnintended Consequences in Energy Policy
On the first day of every economics class I teach I start with The Ten Pillars of Economic Wisdom. This is a list I have put together of the ten most important principles in economics. Pillar number six is, “Every action has unintended consequences; you can never do only one thing.” U.S. energy policy illustrates [...]
2Mar2009 | David R. Henderson | 11 comments | ContinuedWe’re Running Out of Oil?
The rise in gasoline prices in the United States has become a political issue. Each side panders to its own constituency with the most extreme arguments and factoids, leaving precious little in the middle ground of common sense. Take, for example, the March op-ed in the Los Angeles Times by Paul Roberts, “Say Bye-Bye to [...]
1Sep2004 | John Jennrich | 2 comments | ContinuedProtecting Precious Resources
“If our progress is to continue, it is important that we do not forget the things which have brought us thus far.” -HENRY GRADY WEAVER, The Mainspring of Human Progress Ever since President George W. Bush proposed opening up parts of the federally owned Arctic National Wildlife Refuge (ANWR) for drilling, the debate has raged [...]
1Mar2002 | Scott McPherson | 0 comments | ContinuedEnergy Economics with Eyes Open
Energy is a scarce resource. No one was ever able to have all the energy he wanted. It is neither free nor a gift of nature. Someone must spend labor, wealth, and time to find, produce, and use it. In short, energy is an economic problem. Of course, energy is a vital economic resource. It [...]
1Feb2002 | and Ashton J. Pecquet | 0 comments | ContinuedEnergy Production versus Conservation
One of the most important insights in economics was made by F.A. Hayek in a famous article titled “The Use of Knowledge in Society” (American Economic Review, September 1945). Hayek’s insight was simple, but powerful: the information necessary for making sensible economic choices is far too dispersed and difficult to articulate ever to be possessed by any one person or group of experts.
1Dec2001 | Dwight R. Lee | 1 comment | Continued-
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