In my last post, I suggested that the externalities from coal-fired electricity generation were probably not as negative as was being touted in a recent report by Paul Epstein and colleagues from the Center for Health and the Global Environment. As further support for my contention, I submit the contents of a new book by copious carbon dioxide researchers Drs. Sherwood and Craig Idso titled “The Many Benefits of Atmospheric CO2 Enrichment: How humanity and the rest of the biosphere will prosper from this amazing trace gas that so many have wrongfully characterized as a dangerous air pollutant!”

The father-son authors take the reader alphabetically through the many benefits from an atmosphere enriched with carbon dioxide that they have gleaned from the peer-reviewed scientific literature, as well as the results of their own experimentation (also documented in the literature).…

Editor Note: Sam Pakan (full biography below) is a rancher and writer living in Wheeler County, Texas. Part II discusses the environmental controversy regarding Texas’s latest wind development push.

The eastern Texas Panhandle, a land of rolling sand hills, tree-lined creek beds and tall grass vistas, may seem a desolate place to outsiders. Still, it has its beauty, especially to the cattle ranchers and wheat farmers who work and live on it. But not for long.

Much of this land–the fragile habitat of the Lesser Prairie Chicken and the Whooping Crane–is scheduled to become industrialized if the Texas Public Utility Commission (Texas PUC), the Department of Energy (DOE) and Federal Energy Regulatory Commission (FERC) have their way. Incongruously, the demolition of this mostly native grassland is being proposed in the name of green energy.…

Author’s note: No, I have not been in a cave for the past two weeks.  The impacts of unconventional gas on energy markets will be measured in months and years, not in days and weeks.  There is essentially nothing that current unconventional gas production can do to moderate crisis-driven escalation of oil prices and oil-linked LNG prices in the next few weeks.

In Part I and Part II of this series, the impacts of unconventional gas discoveries in the U.S., Australia, Canada and elsewhere were explored.  Gas-to-gas competition was seen as a powerful force for price moderation.

U.S. shale gas discoveries and production from coal bed methane (CBM) have already provided great benefits for energy consumers in the Atlantic Basin.  Gas-to-gas competition – shale v. LNG – has led to interesting market outcomes and investments. …

“Our greatest primary task is to put people to work. This is no unsolvable problem if we face it wisely and courageously. It can be accomplished in part by direct recruiting by the Government itself, treating the task as we would treat the emergency of a war, but at the same time, through this employment, accomplishing greatly needed projects to stimulate and reorganize the use of our natural resources.”

– Franklin D. Roosevelt (1933)

“[The 1930s Great Depression and today’s Great Recession] were preceded by extraordinary expansions of bank credit, which fueled run-up’s in stock prices and real estate values…. The two economic crises also elicited similar (and equally counterproductive ) fiscal policy responses, combining substantial increases in federal spending, financed primarily by bollorwing, with higher taxes and more regulatory controls on the private sector.”