“Entitlement debt is destroying our great nation. These kinds of taxpayer- and ratepayer-funded giveaways, imposed in the name of being ‘green,’ are simply not sustainable – especially if we want our children and grandchildren to live free and prosper.”

President Obama’s mantra du jour for his 2012 campaign speeches is “all-inclusive” energy. But any business touting this version of “all-inclusive” would be prosecuted for false advertising.

When the President says “all-inclusive,” he means politically correct (PC) “green” energy (wind, solar and bio-fuels), and nothing that actually provides reliable, affordable power – especially not hydrocarbons. Another PC buzzword – “sustainable” – is right out of the United Nation’s Agenda 21 Protocol and the President’s goal of “fundamentally transforming” America.

Increasing pain at the pump and the plug underscores the reality that Mr.…

[Editor note: This introduction was given on March 28 at the University of Rochester where Dr. Rizzo is assistant professor of economics. An increasing number of colleges and universities are becoming ‘freedom friendly,’ creating opportunities for free-market guest speakers such as Robert Bradley on energy.]

Welcome to Liberty Week at the University of Rochester hosted by the Alexander Hamilton Institute for the Study of Western Civilization. We want to again thank the College Democrats for co-sponsoring the opening event with Robert McNamara of the Institute for Justice. His sobering and inspiring presentation was on the fight to protect the right to freely choose to enter into occupations and consume from businesses of their choosing, to pursue their own destinies, in the face of overreaching by governments and interest groups.…

While campaigning in San Francisco in early 2008 during the Democratic primaries, Barack Obama got a little too candid.  “So if somebody wants to build a coal-powered plant, they can,” he opined to the San Francisco Chronicle editorial board. “It’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.”

Waxman-Markey: Never Forget

Elected, President Obama tried to keep his promise by way of the American Clean Energy and Security Act of 2009 (aka Waxman-Markey, H.R. 2454), which narrowly passed the House in June 2009 by a vote of 219 to 212.

Among the many features in the 1,437-page bill, cap-and-trade of carbon dioxide (CO2) emissions was designed to price (cap-and-tax, to critics) and thus reduce such emissions down to 17 percent of the 2005 level by 2050.…

[Editor’s Note: This post concludes a two-part series on counter-productive regulation passed in the name of addressing man-made climate change.]

In Part One yesterday, I summarized the recent research by U.C. Berkeley researcher Margaret Taylor, which found that cap-and-trade programs (CTP) impede technological innovation. Not only do they stifle future technological improvements, CTP often erase past improvements.

California’s Global Warming Solutions Act (AB32) and the Air Resources Board’s implementation of that law to date provide a sobering example of the Taylor Thesis.

California Improvements before Cap-and-Trade

California is the only state insisting on implementing economy wide cap-and-trade. The climate impact, if the programs (unrealistic) goals are achieved, are miniscule. Nonetheless, the program is to start later this year, according to the California Air Resources Board (CARB). Not acknowledged by these uber-bureaucrats, California has the third BEST carbon intensity in the U.S.,…