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...]
Taxing Sheep and Cow, Uh, Burps
Get ready, farmers. The climate catastrophists are after you!New Zealand's Ministry for Environment on June 8 released a draft plan to tax farmers for the methane their sheep and cattle produce---because, of course, that methane causes climate change, aka global warming, and we all know that's an existential threat to humanity.Except that the moderate warming actually to be expected from rising greenhouse gas levels will bring benefits as well as costs, and it's entirely possible that the … [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’ “expert … [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 with … [Read more...]
Have You Considered How Energy Price Hikes Affect Third-World Countries?
Gas prices are on the rise, not just in the U.S. but across the world. Yes, the Ukraine war has played a role in influencing global gas prices, but there are more worrying reasons behind this increase in energy prices.The impact of the price hike is particularly pronounced in countries that house some of the poorest in the world. The more unaffordable gas prices become, the harder it is for families to even meet their basic needs.God has called His people not just to be spectators but to … [Read more...]
Analysis of Gas Prices
Gas prices: If you look at inflation-adjusted gasoline prices over the last century, there has been an overall downward trend, reflecting greater efficiency at finding, pumping, and refining petroleum. We are now at $5 a gallon, but that isn't a whole lot more than we've been in the past (for example, just before the 2012 recession). Still, the price is a lot higher than it needs to be given current technology, and the current spike could have been mostly avoided (COVID impacts being the least … [Read more...]
Rolls-Royce’s SMR Needs 10,000 Times Less Land Than Wind Energy, Proves ‘Iron Law Of Power Density’
Last month, Rolls-Royce said that it expects to receive regulatory approval from the British government by 2024 for its 470-megawatt small modular reactor and that it will begin producing power on Britain's electric grid by 2029.Will that happen? Time will tell. Many nuclear projects and startups have blown past their projected in-service dates. But Rolls-Royce’s announcement is important for two reasons. First, it adds more credence to the notion that a global nuclear renaissance is, in fact, … [Read more...]
India’s “Bad Boys” Reopen 100 Coal Mines as Demand Skyrockets
Political leaders of developing countries face constant pressure to generate enough electricity for their populations as they are being asked to reduce their dependence on fossil fuels. In a bold and rebellious move, India has ordered the reopening of more than 100 dormant coal mines to meet skyrocketing domestic power demand. The action is just one of the many measures that the country has taken to ensure a seamless supply of coal to power plants that generate more than 70 percent of the … [Read more...]
Pregnant People are Birthing Distrust of Science
There’s a real concern that the public is losing trust in the scientific establishment, and maybe for good reason. A recent news article in one of the world’s most prestigious science journals, Nature, contained an editor’s statement that sadly apologized for being insensitive to a new unscientific norm. The article was titled, “COVID vaccines safely protect pregnant people: The data are in.” The journal editor thought it was necessary to assure readers that, “Nature recognizes that transgender … [Read more...]
Germany’s Green Energy Fixation Should Teach US a Lesson
Germany’s new Chancellor Olaf Scholz’s government vice chancellor and economic minister Robert Habeck, a leading member of his country’s Green Party, has experienced a rude lesson regarding the disastrous consequences of his years of naïve opposition to fossil fuels.After tasking his top officials to assess the energy security implications of Germany’s dependence on Russian supplies in the event of a then-looming Ukraine invasion, their conclusions were desperately dispiriting.Habeck reportedly … [Read more...]
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