Archive for October, 2008

AB 32 is Bad Medicine for California’s Struggling Economy

October 16, 2008

FOR IMMEDIATE RELEASE:
October 16, 2008
CONTACT:
Thomas Pyle – 202.621.2952
CARB’s AB 32 Scoping Plan Will Cripple California’s Economy While not Helping the Environment
Washington, DC – The California Air Resources Board (CARB) released its Scoping Plan for AB 32, the “California Global Warming Solutions Act of 2006,” calling for a reduction in greenhouse gas emissions in California to [...]

Strong Oil Earnings Good for Economy

October 8, 2008

The major integrated oil companies are expected to soon start releasing their interim third quarter earnings reports. Analysts expect the reports to show large—perhaps record-breaking—profits. With a sputtering economy and an election right around the corner, we can be sure some lawmakers will excoriate “Big Oil” for kicking the consumer when he’s down. Indeed, some [...]

Dingell-Boucher Cap-and-Trade Bill

October 7, 2008

Rep. John Dingell and Rep. Rick Boucher have announced a new cap-and-trade bill they intend to take up next year. The bill amends the Clean Air Act to regulate greenhouse gases would force the U.S. to reduce greenhouse gas emissions 80% below 2005 levels by 2050.
Click here for a copy of the bill.
Click here for [...]

Hurricane Ike’s Environmental Damages in Perspective

October 7, 2008

In the wake of Hurricane Ike, the Associated Press conducted an investigation of Ike’s environmental toll. The AP reported:
The AP’s analysis found that, by far, the most common contaminant left in Ike’s wake was crude oil — the lifeblood and main industry of both Texas and Louisiana. In the week of reports analyzed, enough crude [...]

Piggybacking on the bailout plan is a good way to frame a bad idea

October 3, 2008

As Congress wrestled with the $700 billion bailout program, Google has come up with another massive spending program. Google wants the Federal government to spend $4.4 trillion to subsidize renewable energy. Eric Schmidt, Google’s CEO quipped, “Given the apparent willingness of the U.S. government to write big checks in a crisis, we can do this on [...]

Flaws in the Economic Analysis of California’s AB 32 Scoping Plan

October 2, 2008

On Friday, October 3, the California Air Resources Board is scheduled to formally release its Scoping Plan pursuant to AB 32, the “California Global Warming Solutions Act of 2006.” AB 32 calls for the state of California to reduce its greenhouse gas emissions to 1990 levels by 2020. One of the primary means to achieve [...]

Lifting the Offshore Ban Gave Immediate Price Relief

October 2, 2008

One of the most common arguments against lifting the bans on offshore drilling has been the (alleged) claim that “it will take years for motorists to see any relief at the pump.” Economists have known that this view is not supported by economic theory. If government policies change and lead oil producers to expect greater [...]

IER Unveils Its First National TV Ad

October 2, 2008

FOR IMMEDIATE RELEASE
October 2, 2008
CONTACT
Brian Kennedy (202) 346-8826
IER Continues Energy Education Campaign with New National Ad Buy and “Economic Energy” Message

Washington, DC – As part of its ongoing energy education campaign, the Institute for Energy Research (IER) today unveiled its first national television advertisement.  The new thirty second spot, Economic Energy, can be seen exclusively [...]

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