Joe Biden’s Gasoline Saga
“The belief that exorbitant prices are good because it means people will change their entire way of life is one of the responses in the Biden administration’s rotation of pat responses to high gas prices, along with such things as blaming Putin and corporate greed.” ~ Jon Sanders
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Windfall Profits Tax Redux
“Government intervention like windfall profits taxes keeps market participants, both producers and consumers, from acting to moderate extreme price changes on either the supply or the demand sides. It’s a proven strategy for making a bad situation worse.” ~ Robert F. Mulligan
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Old Oil Ads Were Reasonable on Climate Change
“An impartial reading of them reveals rational commentary on the knowns and unknowns of energy and climate. The ads are hardly controversial.” ~ Robert L. Bradley Jr. & Richard Fulmer
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Not Every “Crypto” Is Decentralized: Proof-of-Work vs Proof-of-Stake
“Policymakers seeking to ban Proof-of-Work, or thinking it can be easily replaced by Proof-of-Stake would do well to keep the inherent and important tradeoffs between the two consensus mechanisms in mind.” ~ David Waugh
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Thinking Straight about Bitcoin’s Social Costs and Benefits
“To view Bitcoin transactions as problematic, as a cost rather than a benefit, would be to view things like a state advocate rather than like a consumer advocate.” ~ Lawrence H. White
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Bitcoin Is Not a Battery
“One should not care about the dollar price of bitcoin or the bitcoin price of bitcoin. What really matters is how many real goods and services one can buy with bitcoin––that is, its real purchasing power.” ~ William J. Luther
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Inflation in Oil Prices Will Soon Slow to Zero
“One thing we can confidently project about 2022 is that year-to-year measures of ‘inflation’ in prices of used cars and energy will be near zero by the third quarter, if not below zero. That is nearly a sure thing, baked-in-the cake.” ~ Alan Reynolds
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Could Carbon Taxes Lose Us a Cold War with China?
“To draw the developing world from the clutches of China’s Communist Party, policy-makers must incorporate revenue neutrality into their carbon tax considerations, or else abandon the plan entirely.” ~ Connor Tomlinson
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Energy Pros Dismiss Liz Warren’s Complaints: ‘It’s Econ 101, Not Rocket Science’
“In Warren’s home state of Massachusetts, policies blocking the expansion of natural gas pipelines have resulted in Russian LNG tankers in Boston Harbor bringing fuel to the Bay State.” ~ Chris Woodward
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‘Build Back Better’ Methane Fee Means Higher Costs for Heating Oil, Natural Gas
“Environmental activists call it a ‘methane fee.’ The energy industry calls it a ‘natural gas tax.’ Either way, energy consumers are likely to feel the effects in their pocketbooks.” ~ Chris Woodward
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How the Consumer Will Become a Partner on the Electric Grid
“We, the consumers, will be partners in the electric future, managing our own uses and supporting the grid with our electric cars and trucks. That is Mansoor’s achievable vision.” ~ Llewellyn King
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Will We Accept Nuclear Fusion When It Comes?
“By using the most abundant element on earth, hydrogen, Fusion provides a limitless future. The only question is whether our politics allows us to accept this good fortune.” ~ James E. Hanley
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