“Let’s be clear. Nuclear power’s Secondary Financial Protection is not insurance. Insurance is a voluntary agreement among the parties in which all or a portion of a risk is transferred from one party to another in return for a payment, which is set by the participants, ideally in a competitive market. The SFP is a government mandated protection racket.” (Devanny, below)

“The only solution is a fixed compensation scheme with each plant being responsible for its own liability insurance. If a compensation scheme, based only on the dose profile each individual and business would have incurred assuming no evacuation, is combined with a radiation-harm model that recognizes our bodies’ ability to repair radiation damage within limits, the risk will be easily insurable.” (Devanny, below)

The notorious Price-Anderson Act, enacted in 1957 as part of a federal effort to get peaceful atoms into commercial use, has been extended seven times and is set to expire on its own terms next year (end of 2025).…

“Apologies are in order from Bloomberg Green. In terms of social justice, why hurt the average person as consumer, ratepayer, and taxpayer?”

“Trump’s Green-Bashing and Europe’s Right Put Climate Goals at Risk,” write Laura Millan, Zahra Hirji, Olivia Rudgard, and Jonathan Gilbert (maybe it takes four writers to tip-toe around the climate vs. social justice issue).

The Bloomberg Green authors call it “the campaign against climate.” Realists would call it a long overdue populist campaign for energy justice and against alarmism and energy rationing. And expect a lot more such protest in the future as Net Zero fails–and an “energy transition” back to the real thing (dense, stock, affordable, plentiful, reliable energies) occurs.

Here is the Bloomberg Green Daily story:

Politicians are vowing to roll back green policies and downplaying climate change ahead of key elections on both sides of the Atlantic, casting doubt on whether countries can maintain momentum in the transition away from fossil fuels.…

“The prospect of Alaska becoming Germany energy-wise is a troubling concept to imagine. At least Germany had industry and an economy to destroy…. It’s up to us to elect common-sense realists instead of ideologues.”

Alaska Governor Mike Dunleavy’s plan for a Renewable Portfolio Standard (RPS) to mandate unreliable and costly sources of energy has stalled out, thanks to Jesse Bjorkman, Chair of the Senate Labor and Commerce Committee. But sinister private interests and ethically corrupt bureaucrats are out to force a Green New Deal on taxpayers and ratepayers under a new guise.

Governor Dunleavy has now teamed with the Alaskan House Energy Committee to push for an equally bad Clean Energy Standard (CES). Introduced February 20, House Bill 368 is titled “An Act relating to clean energy standards and a clean energy transferable tax credit; and providing an effective date.”…

Ed. Note: This tribute to the four leading professors among oil and gas law pioneers in academia was presented by the late Joseph W. Morris (obituary below) in 2001. It is reprinted in appreciation of private property rights to the subsoil that has set the U.S. apart from most of the rest of the world.

I bring you four academicians.

1. W. L. Summers

He was born in Kingman, Indiana in 1888 and died in 1963. He took his Baccalaureate Degree and his first law degree from the University of Indiana in 1911 and a J.D. Degree from Yale in 1912. He briefly practiced law and then became a Professor of Law at the Universities of Florida and Kentucky and in 1920, joined the faculty of law at the University of Illinois.…