A recent study commissioned by the National Association of Manufacturers critically assessed the U.S. Environmental Protection Agency’s cost- benefit analysis with respect to six key regulations: Utility MACT, Boiler MACT, Coal Combustion Residuals, the Cross-State Air Pollution Rule, Cooling Water Intake Structures, and Ground-Level Ozone. The NAM study details the significant differences between EPA’s cost estimates and those of industry sources, while highlighting problems and inconsistencies with EPA’s methodology. Most importantly for manufacturers, the study estimates the impact of EPA rules on the manufacturing industry, directly and through indirect macroeconomic effects.

A key finding of the report is that “the annual compliance costs for all six regulations range from $36 billion to $111.2 billion (by EPA estimates) and from $63.2 billion to $138.2 billion (by industry estimates).”…

The story of hydraulic fracturing (frac’ing) is one of the most important stories of our time. It needs to be told far and wide–and certainly by our top talent in Hollywood.

The true story of frac’ing is utterly inspiring. A band of renegade oil and gas executives, engineers, and rig-workers developed a technology that could transform worthless rock into wondrously abundant and affordable energy–enough to improve the lives of every single American. Frac’ing gives some states the cheapest electricity in the world, a boon to our manufacturing. It gives us the oil and gas that run our farms, warm our homes, and fuel our fun.

Whatever ways frac’ing technology has been misused–and for a pervasive technology there are shockingly few instances–our basic attitude toward the industry should be one of gratitude.…

“It’s the weakest text I have ever seen. It’s a travesty of the process and commitments. It can be summed up in two words: We’ll talk.”

– Farukh Khan, Pakistan lead negotiator, quoted in Lisa Friedman, “After A Bruising Parley, Climate Conference Veers Toward a Successor to Kyoto Pact.” E&E Climate News, December 19, 2012.

“The total efforts of the last 20 years of climate policy has likely reduced global emissions by less than 1 percent, or about 250 million metric tons of carbon dioxide per year.”

– Bjorn Lomborg, “Climate Course Correction.” Foreign Policy, October 2012.

Notable voices with the conviction to speak truth to power predicted the futility of the global global-warming agreement of 1997, better known as the Kyoto Protocol. Of course, the rent-seekers applauded the prospect of new competitive space–such as Enron with its seven profit-centers.…

Last week, a Hall of Shame cronyism memo turned 15 years old. Dated December 12, 1997, it was written from Kyoto, Japan, in the afterglow of the Kyoto Protocol agreement by Enron lobbyist John Palmisano.

Global green planners such as Palmisano were euphoric that, somehow, someway, the world had embarked on an irreversible course of climate control (and thus industrial and land-use control). His memo reflects the train-just-left-the-station mentality, as well as the specific benefits for first-mover ‘green’ Enron. Enron, in fact, had no less than six profit centers tied to pricing carbon dioxide (CO2), and seven if CO2 were capped and traded.) The story of Enron as the darling company of Left environmentalists has been well told elsewhere.)

The Washington Post broke the memo soon after Enron’s demise, showing how Enron was hardly a free-market, capitalistic company. …