[This post reproduces a front-page story in the New York Times business section that excitedly reported a breakthrough with solar energy as represented by a heady energy company named Enron. Formed in the mid-1980s, Enron had just entered into the solar business and was destined to revitalize–if not save–the U.S. wind industry just a few years later.]
“Federal officials, aware that solar power breakthroughs have shined and faded almost as often as the sun, say the Enron project could introduce commercially competitive technology without expensive Government aid.”
Allen Myerson, Solar Power, for Earthly Prices, New York Times, November 15, 1994.
The nation’s largest natural gas company is betting $150 million that it can succeed where the Government has so far failed: producing solar power at rates competitive with those of energy generated from oil, gas and coal.…
Continue ReadingThe political battle to control the flavor of scientific discourse claims another victim. This time it was Dr. David Stooksbury, the 12-year veteran State Climatologist of Georgia whose middle-of-the-road opinions about climate change apparently ran afoul of Georgia Governor Nathan Deal’s more conservative views.
In an executive order issued last week, Governor Deal stripped Dr. Stooksbury of his title and conferred it to a current employee of the state’s Environmental Protection Division—a position under direct government control, unlike Stooksbury’s rather independent office at the University of Georgia.
Certainly, the Governor can do as he chooses. And the newly tapped Georgia State Climatologist, Bill Murphey is seemingly qualified for the job. But, the move has all the signs of haste, and none of an orderly, well-thought out and coordinated transition. Which hints of something fishy going on.…
Continue ReadingHadrian, the third of the “five good emperors” of Rome, ruled from 117 to 138 in a time of consolidation of the Roman Empire. Best known for building Hadrian’s Wall, which marked the northern most reach of the Roman Empire, his policy focus was securing the Empire by leveraging its strengths rather than overextending its reach. Hadrian had a disciplined attention to detail and focused on the infrastructure needed not only to defend the Empire’s territory but leverage its resource potential and revenue growth.
Today’s economy is marked by uncertainty and volatility at home and abroad. This uncertainty is causing businesses to hoard cash—at last estimate about $1.4 trillion worth.
We have a huge federal deficit, a broken housing situation, and looming costs for unsustainable entitlement programs promised for generations by spend-now, pay-later politicians. …
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