The most powerful force in nature

Johnny jumped off the Brooklyn Bridge … must … jump …

The most powerful force in nature isn't the nuclear force, or anything wimpy like that; it's the force of a bad idea whose moment has arrived. Whenever I wanted to do something stupid and argued that my friends had done it, Mom would always say, "If Johnny jumped off the Brooklyn Bridge, would you do that too?" From The Oregonian:

Many policies, one goal

It’s all about raising the price of carbon

Robert Reich — Secretary of Labor under Clinton, economic policy professor/pundit — has a somewhat confused column up advocating for a "carbon auction." In particular, it’s not clear whether he’s talking about politics or policy, which is a confusion that generally plagues this discussion. He rejects a carbon tax because it will be politically unpopular. The holy-and-sanctified Middle Class won’t put up with it. He rejects a cap-and-trade system because it would give the most credits to the biggest polluters, a la the initial attempt in Europe. The Goldilocksian just-right proposal? A "carbon auction," which is … a cap-and-trade system …

Energy, economics, and the environment

Political courage needed for change

Getting our energy policy right does not require new technology, added societal cost, or economic disruption. However, it does require the political courage to question the sacred cows that have shaped 100 years of electric-market regulation. A few ideas that are missing from the energy debate: Fossil fuel use in the U.S. is split approximately in thirds between transportation fuels, electric power generation, and heat generation (buildings, industrials, etc.). GHG emissions track accordingly. The electric industry is -- with very limited exceptions -- a regulated monopoly, subject to cost-plus pricing. This has been the case for 100 years. In other words, they have had a 100-year incentive to overconsume fossil fuel. Adam Smith never said anything about profits causing the public good. What he did say is that the pursuit of profits in a competitive market engenders the public good. The second half of this clause is entirely missing from the electric sector. Why this matters:

Oil lobby resorts to open extortion

Hardly new, but brazen nonetheless

Senate Democrats want to pay for renewables with taxes and royalties on oil companies. This pressure is causing the oil lobby to threaten higher gasoline prices: Bill Holbrook, communications director for the National Petrochemical and Refiners Association, told ABC News that there are conflicting signals about what path the nation will take coming from both President Bush and lawmakers on Capitol Hill. The president is calling for a 20 percent reduction on gasoline use while some lawmakers are pushing for more biofuels. If you process gasoline, those in the industry say that none of those developments are necessarily going to …

Green-collar jobs in Congress

A new amendment from Sanders and Clinton

Over at The Hill‘s Congress Blog, Sen. Bernie Sanders touts his green-collar jobs amendment to the energy bill, which will come up for debate this week. (Sen. Clinton also put her name on it.) Great to see this issue getting attention. See, again: Van Jones.

Time to put the notion of 'energy independence' to bed

So says Jim Henley, and yours truly

Jim Henley says that "energy independence" is the most ridiculous phrase in the American political lexicon: The concept of "energy independence" is a sham. I think it’s generally code for "Then we can stop being nice to the fvcking A-rabs," but this gets gussied up with terms like "instability" and references to Hugo Chavez, who has been around a lot less long than the Magic Words. (It is often also code for "let’s float politically connected domestic producers some subsidies!") There’s no question that the oil-producing world is full of problematic regimes. But you don’t hear every respectable politician in …

Why does Bush never veto legislation?

Because he can just direct federal agencies to ignore it instead. And speaking of corrupt federal agencies, check out the latest clowning at Interior, involving Steven Griles, one of the A-list hacks of the Bush years. The cojones on these guys …

Breaking: Senate fights off liquid coal

More victories

Sweet! Here’s a press release I just got from Friends of the Earth: —– WASHINGTON — The U.S. Senate today voted against two attempts to encourage the use of liquid coal, rejecting a pair of amendments to the energy bill that would have alternately mandated 6 billion gallons of liquid coal use annually by 2022 or provided $10 billion in loan subsidies to produce liquid coal. “This is a victory for anyone who takes global warming seriously or cares about environmentally destructive mining,” said Friends of the Earth President Brent Blackwelder. “Coal mining is a dirty process, and with current …

We Can’t Bear to Look

U.S. Senate squares off on ambitious energy bill All eyes are on the Senate this week as it debates a controversial Democrat-penned energy bill. (Hey! We said “all eyes”! Don’t go away.) The legislation contains several provisions that make Big Oil, Big Auto, and Big Republicans squirm: it would shift nearly $15 billion in tax credits and subsidies from oil to renewable sources like wind and solar; require utilities to produce 15 percent of their power from renewables; give the feds more power to prosecute gasoline price-gouging; and mandate a fuel-efficiency standard for cars, SUVs, and small trucks of 35 …