Energy Tax Preferences: Rid Them All (2013 Cato letter to House working group revisited)

By Robert Bradley Jr. -- December 12, 2017 No Comments

“Energy tax preferences represent governmental intervention in markets; they are designed to direct private investment away from some activities to activities favored by the tax preference(s).”

” … tax preferences represent the government’s attempt to take resources from some parties in the energy sector and reallocate them to other parties in the energy sector.”

” … the best remedy for excessive corporate income tax burdens is a direct reform of the corporate income tax. Targeted tax preferences to moderate industry tax burdens are a poor way to address the problem.”

– Jerry Taylor and Peter Van Doren, Letter to Energy Energy Tax Reform Working Group, House Ways and Means Committee [chair: Kevin Brady (R-Texas)], April 15, 2013.

Several years ago, Jerry Taylor and Peter Van Doren of the Cato Institute wrote a tax policy missive to the Energy Tax Reform Working Group of the  House Ways and Means Committee.

Continue Reading

‘InsideClimate News’: Propaganda for Alarmism (balanced reporting would neuter their mission)

By Robert Bradley Jr. -- December 7, 2017 2 Comments

“Why bad news and bad news only? Don’t the very reporters and staffers at InsideClimate News want to add optimism to their professional lives? Or is climate alarmism just a day job, a 9-to-5 gig, after which the real world comes into focus?”

“What would happen if some intrepid reporter or story gatherer broke the mold and reported on global lukewarming or on the benefits of CO2? What would his or her boss say? What would the head of fundraising say? What would the donors say?”

I read InsideClimate News (ICN) daily. And I am perplexed to see a nonprofit writing/information organization claiming the mantle of “clear,” “objective,” “independent,” and “non-partisan” dish up 100% climate alarmism and ad hominem argument against critics of the same. One would think that voluntary transactions between consenting adults, the ebb and flow of science, and skepticism against intellectual and political elites would be enough to investigate such topics as:

  • Controversial US wind power projects
  • Rent seeking in the US energy market (fossil fuel and renewables)
  • Cronyism at the American Wind Energy Association (AWEA)
  • Cronyism at the Solar Energy Industries Association (SEIA)
  • Etc.,
Continue Reading

The Climate Science Debate Is Joined! Hallelujah!

By Robert Bradley Jr. -- December 4, 2017 No Comments

“… we don’t have a first-principles theory that tells us what we have to get right in order to have an accurate projection [of anthropogenic climate change]…. This is sort of an emergent knowledge base. So, that’s the translation of this last statement, ‘To date, a set of diagnostics and performance metrics that can strongly reduce uncertainties in global climate sensitivity,’ a la projections, ‘has yet to be identified’.” (p. 89)

“… if the [temperature] hiatus is still going on as of the sixth IPCC report, that report is going to have a large burden on its shoulders walking in the door, because recent literature has shown that the chances of having a hiatus 18 of 20 years are vanishingly small.” (p. 92)

– William Collins, Climate and Ecosystem Sciences Division, Lawrence Berkeley National Laboratory.

Continue Reading

The Importance of Government Subsidies for EV Success

By -- November 30, 2017 8 Comments

“At the end of the day, it seems that smaller markets are clustered at the higher end of the EV penetration ranking. This suggests it will be much more difficult to mandate and effect massive vehicle fleet shifts in favor of EVs in much larger markets without significant government subsidies and/or mandates, as well as significant infrastructure investment in EV charging facilities.”

“Tesla had about 80% of the EV market in Hong Kong. The cessation of the subsidy in April has raised the cost of Tesla cars by between 50% and 80%. Will Hong Kong’s EV penetration rate follow the others who have ended subsidies, and fall?”

The US Congress is hammering out the details of tax reform proposals from the House and Senate. At risk is a continuation of the subsidies for clean energy investments—investments in new wind turbines and solar panels, along with the subsidies for electric vehicle (EV) purchases.…

Continue Reading

Energy & Environmental Newsletter: November 27, 2017

By -- November 27, 2017 1 Comment Continue Reading

The “Powering America” Hearings (Part I)

By -- November 14, 2017 1 Comment Continue Reading

Preferential/Political Dispatch: Rigging the Market Against Baseload Energy

By Donn Dears -- November 13, 2017 No Comments Continue Reading

Energy & Environmental Newsletter: November 6, 2017

By -- November 6, 2017 1 Comment Continue Reading

RFF Rethink on ‘Social Cost of Carbon’: You Have Just Begun (SBC, SCG need to be added)

By Robert Bradley Jr. -- November 2, 2017 1 Comment Continue Reading

ANWR: Let’s Go! (Driessen’s 2012 wisdom comes of age)

By Robert Bradley Jr. -- October 26, 2017 No Comments Continue Reading