“If America can put a man on the moon, why should we stay in servitude to the first and second laws of thermodynamics? What we plainly need is a Manhattan Project–like the one that gave us the atomic bomb but not like the one that narrowly missed finding a cure for cancer.”

– Paul Samuelson, “Tragicomedy of the Energy Crisis,” Newsweek, July 2, 1979, p. 62.

“A group of industry leaders, including Microsoft chairman Bill Gates and General Electric boss Jeff Immelt, stepped up calls for a Manhattan project for low carbon energy last week urging the US government to significantly increase investment in energy research and development.”

– Danny Bradbury, “Gates and Co Demand Manhattan Project for Energy.” BusinessGreen.com, June 14, 2010.

Just as as the polls start finding that nobody thinks global warming matters much, and just as hockey stick predictions of catastrophe fall apart in a scientific scandal, guess who turns up at the White House?…

(with Luciano Lavecchia)

Mr Lavecchia is a fellow and Dr. Stagnaro the research and studies director at Istituto Bruno Leoni. This post follows the release of their recent analysis for Italy showing that for every ‘green’ job created by government, 4.8 ‘gray’ jobs are lost in the private sector.

Tradeoffs: if you chose this, you can’t chose that. In economics this is called opportunity cost, which is the next-best alternative to what is actually chosen.

The proverb in popular culture for this is “you can’t have the cake and eat it, too.” The Italian translation is “you can’t have a full barrel and a drunk wife.”

Apparently, politicians are less familiar with such a everyday-life concept. To some extent, they are right: they can get a full barrel and a drunk wife at the same time, provided that taxpayers and/or future generations will pay for it.…

Ultra-clarifying moments of truth are sometimes possible when environmental groups and their so-called allies end up in “family” squabbles, disagreeing over implementation of their ill-conceived schemes. The disarray, aptly described in prior posts at MasterResource by economist Robert Murphy and others as a civil war on the Left,” has become commonplace with respect to cap-and-trade proposals. And this is part of what Ken Green calls the death spiral of climate alarmism.

Just maybe the Coercion Crowd should throw up their hands and just say: give peace a chance!

Gaming the Carbon Market – Say It Isn’t So!

Yet another example of this discord, reported in a recent issue of E&E News PM, Climate: Enviro group outlines 10 schemes for gaming carbon markets — 05/18/2010 — www.eenews.net (access with free trial subscr.)…

Californians are attempting to reclaim the prospects of a top ten world economy from the disastrous downside of Global Warming Solutions Act (California Assembly Bill 32, or AB 32).

Leaders of the ballot measure campaign to amend the law filed over 800,000 signatures – well over the required 435,000 – to be able to vote on a proposition to delay the implementation of cap-and-trade, as well as 70+ other progeny regulations, until unemployment falls significantly.

Signatures are currently being verified by the Secretary of State, and the measure is expected to be on the November ballot.

Then versus Now

At the time the bill was originally signed in 2006, California’s unemployment rate was under five percent. According to the Bureau of Labor Statistics, statewide unemployment in April 2010 was a record high 12.6%.…