Today the House Freedom Caucus held an off-site hearing: “Addressing Bidenflation and Biden’s Energy Crisis.” I was a witness, along with former Texas Governor and Secretary of Energy Rick Perry, economist Stephen Moore, and Western Energy Alliance President Kathleen Sgamma. Here is the written testimony I submitted. You can watch my testimony, as well as my answers to all the Representatives’ questions, in the video below. In 2016, I testified in front of the Senate Environment and … [Read more...]
The Economic Cost of Eliminating Fossil Fuels
Image: Creative Commons under Unsplash The debate on how much impact humanity has on climate change continues. As nearly everyone knows by now, there is no observational evidence that humans have a significant impact on climate, so the debate is mostly over which future climate projection is likely. It also isn’t clear that the changes we might cause are bad, most of the evidence suggests that additional CO2 and warming have been beneficial so far and will likely be beneficial in the future. … [Read more...]
Biden Ethanol Increase Will Worsen Food Costs, Gas Pains
The Biden administration is implementing a temporary ethanol fix in a desperate attempt to reduce political fallout from skyrocketing gas pump prices resulting from its war on fossil fuels which will only add to inflationary food costs. New EPA requirements will now increase the amount of the corn alcohol product that must be blended into the nation's gasoline supply from 10% (E10) currently, to 15% (E15) over summer driving months between June 1 and Sept. 15. Whereas EPA … [Read more...]
Bad Ideas Have Bad Consequences
If you haven’t noticed rising prices here in America for the past twelve months, you’re either Rumpelstiltskin or dead. And if you didn’t expect rising prices, either you’ve not been paying attention to American monetary, fiscal, welfare, and pandemic policies or you’ve not understood basic economics. So, May’s year-on-year “inflation” rate was 8.6%, following April’s 8.3%, continuing a rapid rise that started in October. (Why the scare quotes around inflation? Because properly … [Read more...]
Persistent Lies About Green Power
When drug companies try to sell you a particular cure for what ails you, the television ads typically consist of 10 seconds of saying how good the drug is and 20 seconds of disclaimers and warnings about possible negative side effects. If only renewable energy companies were that honest! To my great annoyance and disgust, a power company in Texas promises the state’s electricity users can choose a plan that delivers electricity 24 hours a day powered by the sun. Solar power. As anyone … [Read more...]
Indian Coal Makes Electricity as Wind Farms Sit Idle
Amidst the clamor surrounding the intensive use of coal in China and India, one may not realize that these nations have some of the world’s largest renewable energy installations. In fact, I hail from the Indian state of Tamil Nadu which is often compared to Scandinavia for its large number of wind farms. Accounting for 25 percent of the country’s wind capacity, the state has the largest share of such generating assets in a nation of 1.3 billion people. Yet even Tamil Nadu relies heavily … [Read more...]
India’s Coal Proliferation Contradicts Global Climate Drama
We have a crisis in India, and it is not with the climate. Power plants for the world’s second-largest consumer of coal are running out of stock, leaving a billion people at the risk of blackouts and forcing industries to close facilities. To resolve the situation, the Indian government has authorized increased importation of thermal coal, removed all import duty on coal, is reopening hundreds of closed coal mines, and has asked existing domestic mines to produce at unprecedented … [Read more...]
Elon Musk Calls ESG a “Scam”
Guest writer Jerry Bowyer is is the chief economist of Vident Financial, editor of Townhall Finance, editor of the business channel of The Christian Post, host of Meeting of Minds with Jerry Bowyer podcast, president of Bowyer Research, and author of The Maker Versus the Takers: What Jesus Really Said About Social Justice and Economics. He is also resident economist with Kingdom Advisors, serves on the Editorial Board of Salem Communications, and is senior fellow in financial … [Read more...]
Will SCOTUS Rein in the EPA?
Back in 1970, Congress passed the Clean Air Act (CAA), and for the next two decades or more actions taken under it significantly improved the quality of America’s air. In 1990 it passed significant amendments to it, and some of these also had salutary effects. But, combined with an increasing tendency to allow administrative agencies, especially the Environmental Protection Agency (EPA), to impose regulations without a clear statutory basis, and a tendency of courts to defer to agencies’ … [Read more...]
How to Alleviate the Looming Global Hunger Crisis
Guest author Dr. Bjorn Lomborg is president of the Copenhagen Consensus Center, visiting professor at Copenhagen Business School, and a visiting fellow at the Hoover Institution. A global food crisis is looming, so policymakers everywhere need to think hard about how to make food cheaper and more plentiful. That requires making a commitment to producing more fertilizer and better seeds, maximizing the potential offered by genetic modification, and abandoning the rich world’s obsession … [Read more...]
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