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Relevance | DatePTC as Wildlife Terminator (environmental reasons to clean out tax code)
By Paul Driessen -- July 30, 2012 8 Comments“The American Bird Conservancy (ABC) and other experts estimate that well over 500,000 birds and countless bats are being killed annually by turbines. The subsidized slaughter “could easily be over 500” golden eagles a year in western states, Save the Eagles International biologist Jim Wiegand told me. Bald eagles are also being butchered. The body count for the two species could soon reach 1,000 a year.”
Extending the industrial wind production tax credit (PTC), in addition to its other problems, threatens eagles and other majestic birds in consequential ways. Do the Washington, DC environmentalists know this? Do they care?
Back in 1995, Paul Gipe’s book, Wind Power Comes of Age (New York: John Wiley & Sons) forthrightly dealt with the fierce, internal debate within the Sierra Club and other groups about the ‘avian mortality problem.”…
Continue ReadingWill U.S. Sovereignty be LOST at Sea?
By Larry Bell -- July 3, 2012 5 Comments“The [LOST] treaty proposes to create a new global governance institution that would regulate American citizens and businesses without being accountable politically to the American people. Some treaty proponents pay little attention to constitutional concerns about democratic legislative processes and principles pf self-government, but I believe the American people take seriously such threats to the foundations of our nation.” [2]
– Donald Rumsfeld, “Why the U.N. Shouldn’t Own the Seas,” June 12, 2012.
A proposed Law of the Sea Treaty (LOST) which has not yet ratified by Congress will grant a newly established U.N. bureaucracy, the Kingston, Jamaica-based International Seabed Authority (ISA), power to regulate deep-sea oil exploration, drilling operations, seabed mining, and fishing rights beyond 200 miles of our coast. As part of the deal, as much as 7% of U.S.…
Continue ReadingAmerica's Bounty vs. Federal Frac Rules: Will We Lead or Lag the World?
By Donald Hertzmark -- June 29, 2012 No CommentsArticles on this blog have consistently made the point that shale gas in the U.S. represents an unprecedented pathway to abundant, low-cost, clean energy supplies. In previous posts it was noted that unconventional gas resources, combined with new production technologies, could potentially break the global oil-natural gas price bond, just as has happened in the U.S.
Shale gas is now subject to active exploration in England, Australia, Poland, Ukraine, China, India, and to a lesser extent, South America. Canada has already moved to the development stage with its shale formations in British Columbia (Montney and Horn River). Mexico shares the prolific Eagle Ford shale formation with Texas, but its state-owned PEMEX has done little to develop that resource yet.
Other nations have rejected the gift of unconventional gas. Romania and Bulgaria, both heavily dependent on Russian gas, have said “no” to shale gas production, as has France.…
Continue Reading"Nothing is more fungible than a good idea" (U.S. as global high-tech oil/gas leader)
By Steve Maley -- June 19, 2012 3 CommentsIn 2008, Candidate Obama campaigned against Republican-era high gasoline prices. Now that pump prices are high with a presidential election looming, President Obama disclaims responsibility. “We cannot drill our way to lower gas prices,” he says.
Crude oil is a fungible commodity, the argument goes. So why should we Drill, Baby, Drill when any domestic supply we might add is a relative drop in the bucket? Nice argument, except that it could be used against having any new production. (And U.S. CO2 emissions at the margin are a drop in the bucket, right Mr. President? ) And as the economic revolution of the 1870s taught, economic value and thus prices are set at the margin.
Marginal Economics
The United States is the world’s #3 oil producer. Domestic policy decisions in the U.S.…
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