Energy
Give states control over energy leasing on federal lands?
Another element of the Romney energy plan that was announced this week is a proposal to turn over to the states the process of leasing of federal lands for oil and gas development. The Romney campaign argues that this will result in quicker and cheaper leasing development than under current federal management. This seems to me …
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CONTINUE READINGLoosening Our Belts to Consume More Oil
There is a favorite saying among transportation planners that building more freeway lanes to fight congestion is like loosening your belt to fight obesity. This idea comes to mind when considering the most recent Mitt Romney plan to achieve energy independence in the United States. Romney proposes drilling our way out of foreign oil dependence despite …
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CONTINUE READINGIs Romney Building Sand Castles Based on Fantasy Oil and Gas Production?
Romney plan relies heavily on a report from Citigroup. Even the Wall Street Journal was unsure about that report and said, “Whether the report proves prescient or just another starry-eyed fantasy remains to be seen.”
CONTINUE READINGRomney Calls for a Fossil Fuel Feeding Frenzy
The Washington Post reports that Mitt Romney will announce a new energy plan centering on explosive increases in oil and gas development, combined with greater use of coal. I’ve read the staff briefing paper, and the Post’s account is an accurate summary: Mitt Romney on Thursday will outline a plan that he projects would achieve …
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CONTINUE READINGIs King Coal in Decline?
This revealing graph from Wonkblog has some important lessons. First, power plants last a long time. Most of the generation fleet is twenty to sixty years old. Second, at this point, coal is basically a legacy fuel. It exists because it pays to keep old plants open. They are grandfathered and don’t have to use …
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CONTINUE READINGThe Ryan Consumption Tax and the Environment
One of the interesting elements of Paul Ryan’s budget plan is the proposal for an 8.5% consumption tax to replace the corporate income tax. Consumption taxes, like the European VAT, have well-known pluses and minuses, described in a Brookings discussion. They are appealing to economists because they encourage saving. As the European example shows, they …
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CONTINUE READINGPublic Health and the Changing Electicity Mix
The electricity mix has changed dramatically, as discussed by my colleagues from the Haas School recently. The following chart tells the tale: Notice that the blue line (coal) is diving, while the orange line (natural gas) is picking up the slack. The change seems to be due to the rapid decline in gas prices. The …
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CONTINUE READINGStanding Doctrine Undercuts Industry Challenges – A “Man Bites Dog” Story
According to an old saying, “dog bites man” isn’t newsworthy, but “man bites dog” is worth a headline. Similarly, it’s not especially newsworthy when standing doctrine is used to toss environmentalists out of court. It’s much more so when it’s used against industry. Yet in two recent cases, that’s exactly what the D.C. Circuit was …
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CONTINUE READINGDrive a Stake Through Ethanol’s Heart!
Okay, that’s even worse than a mixed metaphor: that’s a Friedmanism. But it still applies today. Reuters reports: Two U.S. governors asked the United States government on Tuesday to waive this year’s mandate for making ethanol from corn, adding pressure on it to relieve meat producers from high corn prices spurred by the worst drought …
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CONTINUE READINGInterior, Defense and Energy Departments Team Up to Advance Renewable Energy on Public Lands
The renewable energy side of President Obama’s “all-of-the-above” energy strategy received a significant boost in the past two weeks, with a veritable relay of Department of Energy, Interior and Defense actions on clean energy. On July 24, the Department of Energy (DOE) and Department of the Interior (DOI) released the Final Programmatic Environmental Impact Statement …
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