According to President Joe Biden, we were told that the release of a million barrels of oil a day from the U.S. Strategic Petroleum Reserves (SPR) from April onwards, “will help address supply disruptions caused by Putin's further invasion of Ukraine and the Price Hike that Americans are facing at the pump.”With average petroleum prices hitting about $5 bucks a gallon — a soaring trend that began before that invasion soon after Biden took office — evidence of any national benefits of … [Read more...]
The Man Who Saved Your Economy
(This article, published on July 18 and reporting on Manchin's action July 14, celebrated his action. Alas, the celebration was premature. Abandoning his commitment to oppose any such bill until inflation declined, Manchin embraced a new bill July 27---two weeks before the new monthly inflation rate is to be published and despite the fact that most analysts agreed that the rate would either rise or remain unchanged. We are intensely disappointed in the Senator.---ECB, July 28, 2022)Recently one … [Read more...]
Do Natural Asset Companies Pose a Threat?
In response to growing concerns about climate change and other environmental problems, an entrepreneur, Douglas Eger, has proposed a new kind of corporation, a Natural Asset Company (NAC). Eger is the CEO of the Intrinsic Exchange Group (IEG), an organization that, in partnership with the New York Stock Exchange, “is providing a platform to list ‘Natural Asset Companies’” in order “to take them public and enable the conversion of natural wealth into financial wealth.”As the idea has been … [Read more...]
Method In Our Science
1 Thessalonians 5:21“Prove all things; hold fast that which is good.”Science has an elevated position in Western society. There are those who would try to put Christians down, by saying “You have faith, but I have science”. Science, in the abstract, is therefore assumed to be the ultimate truth, and the universal standard, against which everything must be tested.This, it is suggested, is because science is tested. As a high school science teacher, I would suggest to my students that scientific … [Read more...]
EPA Now Stuck Between a Rock and a Hard Place on CO2
There are lots of happy reports on the Supreme Court’s ruling throwing out EPA’s so-called Clean Power Plan. Some go so far as to suggest that EPA is barred from regulating power plant CO2 emissions.It is not quite that simple and the result is rather amusing. EPA is still required to regulate CO2 under the terms of the Clean Air Act, but that Act provides no way to do that regulation. The Clean Power Plan attempted to expand an obscure minor clause in the Act to do the job but SCOTUS correctly … [Read more...]
The SEC’s Climate-Disclosure Rules Violate the First Amendment
This article summarizes the argument of the author’s more technical article, “What’s ‘Controversial’ About ESG? A Theory of Compelled Commercial Speech under the First Amendment.”The SEC is on the cusp of enacting rules to compel companies to disclose “climate risk.” Commentators have critiqued the rules as misguided and beyond the SEC’s statutory authority. But the proposed rules have a more fundamental flaw that will doom them when the inevitable court challenges are filed. The rules … [Read more...]
Scientific Code of Values: Do Climate Alarmists Measure Up?
A few days ago I began reading Harold J. Berman's Law and Revolution: The Formation of the Western Legal Tradition (1983). It's a scholarly tour de force covering an amazing range of subjects in law, history, theology, ecclesiology, and even the rise of science (particularly how Christian thought generated that).These paragraphs, from pages 155--6 and 157--8, particularly caught my attention:Although science, in the modern Western sense, has usually been defined only in methodological terms, … [Read more...]
UAH Global Temperature Update for June 2022: +0.06 deg. C
The Version 6.0 global average lower tropospheric temperature (LT) anomaly for June 2022 was +0.06 deg. C, down (again) from the May 2022 value of +0.17 deg. C.Tropical CoolnessThe tropical (20N-20S) anomaly for June was -0.36 deg. C, which is the coolest monthly anomaly in over 10 years, the coolest June in 22 years, and the 9th coolest June in the 44-year satellite record.The linear warming trend since January, 1979 still stands at +0.13 C/decade (+0.11 C/decade over the global-averaged … [Read more...]
Dark Clouds on the Horizon for Electric Vehicles
There are a couple of dark clouds hanging over the optimistic growth of electric vehicles (EV’s) that may decimate the supply chain of lithium to make the EV batteries, and how to safely transport EV’s across wide oceans.1. The European Chemicals Agency (ECHA) is expected to classify lithium carbonate, chloride, and hydroxide as dangerous for human health. The decision is expected to be reached by early next year.2. The recent (March 2022) sinking of a cargo ship with 4,000 vehicles, from a fire … [Read more...]
EV’s Fossil Fuel Economy No Better than ICE Vehicles
Most of the electricity generated in the U.S. continues to come from fossil fuels (61% in 2021). This is not likely to change much in the future as electricity demand is increasing faster than renewables (20% of total in 2020 and 20.1% of total in 2021) can close the gap versus fossil fuels. Given that fact, it is interesting to ask the question:Which uses fossil fuels more efficiently, an EV or ICE (internal combustion engine) vehicle?Most of what you will read about EVs versus ICE … [Read more...]
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