Wednesday , May 22 2019
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Tag Archives: Energy

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My intrepid Mercatus Center colleague Veronique de Rugy rightly warns of government efforts to punitively tax vaping. Tyler Cowen is impressed with our colleague Bryan Caplan’s forthcoming book, illustrated by Zach Weinersmith, Open Borders: The Science and Ethics of Immigration. And Bryan Caplan is impressed with our colleague Tyler Cowen’s new book, Big Business. Kevin Williamson weighs in on waiving the Jones Act. A slice: Thanks to our environmentalist friends, we do not have the...

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Each American has the energy-equivalent of nearly 600 full-time ‘human energy servants’ – Publications – AEI

AEI Each American has the energy-equivalent of nearly 600 full-time ‘human energy servants’ This is an update of a previous CD post from 2016 that was inspired by an analysis that Brian Wang featured in November 2015 at his Next Big Future blog that attempted to answer the question: Based on the amount of energy expended per average American for residential electricity, heating, cooking, and transportation, and for industry and commercial purposes, how many full-time “energy...

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George Will eloquently and insightfully decries the grotesque fiscal irresponsibility of Democrats and Republicans. A slice: Congressional Republicans are led on a short leash by a president who, as a candidate, vowed to not touch entitlement programs that are significant drivers of the deficit, and who breezily promised to eliminate the national debt (currently $22 trillion) in eight years. (Today, that would mean eight reductions of $2.75 trillion, a sum equal to 63 percent of the...

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My intrepid Mercatus Center colleague Veronique de Rugy rightly bemoans government subsidies for producers and drivers of electricity-powered vehicles. A slice: Almost 80% of those utilizing the EV tax credit have incomes over $100,000, making it not just a corporate handout but also a transfer from all workers to wealthier Americans. And despite its advocates’ claims, the EV tax credit fails to reduce the alleged threat of climate change. Also rightly bemoaning government subsidies for...

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Pemex, World’s Most Indebted Oil Company, Gets Government Bailout as Suppliers Gripe About Unpaid Bills

“Once. Only this year. Later on, that’s their problem”: Finance Minister. $3.4 billion in fuel was stolen in 2018, including by insiders. Crackdown now underway. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. After years of falling production, compounding losses, and plunging credit ratings, Pemex, the world’s most indebted oil company, is not in a fit enough shape to issue new debt. That’s the dire assessment of the Mexican government, which on Friday announced that...

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A silver lining around the dark and nasty cloud of Nancy MacLean’s egregious ‘scholarship’ regarding Jim Buchanan is that it has prompted many true scholars – such as Phil Magness – to recount relevant mid-20th-century American history. Here’s Phil’s latest, which shows just how despicable and duplicitous government-school officials can be. A slice: Federal court testimony from September 1958 shows the Arlington officials prepared a long list of bureaucratic excuses to justify their...

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Dynamic chart of the day: The evolving electricity mix of the US, 1985-2017 – Publications – AEI

AEI Dynamic chart of the day: The evolving electricity mix of the US, 1985-2017 Changes to America’s electricity grid since 1985. Natural gas rises and coal falls pic.twitter.com/6i0foRr8KM — Robert Wilson (@countcarbon) March 31, 2019 Click arrow above to start the time lapse. Here’s another look below at the changing shares of coal and gas for electric power over time from 1973 to 2018. Note that in the mid- and late-1980s, the coal-to-gas ratio was almost 6:1. Starting in...

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Mark Mills on how the ‘new energy economy’ is an exercise in magical thinking – Publications – AEI

AEI Mark Mills on how the ‘new energy economy’ is an exercise in magical thinking From the Executive Summary of Mark Mills’ paper “The ‘New Energy Economy’: An Exercise in Magical Thinking“: A movement has been growing for decades to replace hydrocarbons, which collectively supply 84% of the world’s energy.  It began with the fear that we were running out of oil.  That fear has since migrated to the belief that, because of climate change and other...

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Prepping for Bankruptcy, PG&E Secures $5.5 Billion in “Debtor-in-Possession” Financing. What is “DIP” Financing?

How can a soon-to-be bankrupt company that will default on all its debts borrow so much? Here’s how. PG&E, the largest gas and electric utility in California, announced on January 14 that the holding company, PG&E Corporation, and its regulated utility subsidiary, Pacific Gas and Electric Company, would file for Chapter 11 bankruptcy “on or about January 29, 2019.” The announcement disclosed that PG&E was negotiating with four unnamed banks to line up $5.5 billion in...

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