During the week of July 28, the Environmental Protection Agency (EPA) held hearings in four cities: Atlanta, Denver, Pittsburgh, and Washington. DC. The two-day sessions were to allow the public to have their voice heard about the proposed rules it released on June 2 that will supposedly cut CO2emissions by 30 percent. Many, including myself, believe that these rules are really an attempt to shut down coal-fueled electricity generation and implement a cap-and-trade program that the Administration couldn’t get through Congress in 2009, when cap-and-trade’s obvious allies held both houses of Congress.
Mr. Chairman and Members of the Committee, my name is Bernard Weinstein and I am the Associate Director of the Maguire Energy Institute at Southern Methodist University (SMU) and an adjunct professor of business economics at SMU’s Cox School of Business. Thank you for this opportunity to speak to you today.
President Obama, and his administration, has enacted so many foolish and cost-increasing energy policies, it is easy to think that they are his purview alone. But in 2007, Republicans were just as guilty. Seeds were planted and a garden of bad legislation took root in a totally different energy environment. At the time, the growth seemed like something worthy of cultivation. However, what sprouted up more closely resembles a weed that needs to be yanked out.
President Obama has made 2014 his “year of action” and plans to use his executive authority to implement various actions of his agenda that are too divisive for Congress to consider. John Podesta, as White House adviser, was brought on board late last year to help Obama find ways to use executive orders to unilaterally push climate policies.
Wind energy produces costly, intermittent, unpredictable electricity. But Government subsidies and mandates have encouraged a massive gamble on wind investments in Australia – over $7 billion has already been spent and another $30 billion is proposed. This expenditure is justified by the claim that by using wind energy there will be less carbon dioxide emitted to the atmosphere which will help to prevent dangerous global warming.
Panel 8 of the 9th International Conference on Climate Change was on the subject of “Costs and Benefits of Renewable Energy.” The panel was focused on the subject of renewable energy, specifically the high cost and potentially devastating economic consequences produced by the federal government’s efforts to replace the current energy sources with renewables.
Have you ever been shopping for a computer and felt like the salesman used “tech-talk” and a lot of words you didn’t understand just to confuse you so he could “up-sell” you on the “latest” and most expensive features? The Obama Administration and Environmental Protection Agency (EPA) are employing this tactic and other sorts of “used-car-salesman” tricks in an attempt to sell the public on expensive and unpopular regulations that would require existing electricity power plants to reduce their carbon dioxide emissions by 30 percent of 2005 base-levels by the year 2030. It’s a smog-and-mirrors trick, nothing more.
Several Hollywood elites were recently caught red-handed on videotape, agreeing to take money from a Middle Eastern oil sheikh for another anti-fracking movie. Their actions were shameful, but they felt no shame – only anger at the folks who caught them in the act. Indeed, the ironies are matched only by their hypocrisy and disdainful disregard for the consequences of their anti-fracking fervor.
Climate models help improve our conceptual understandings of climate systems and the forces that drive climate change. However, they are terrible at predicting Earth’s temperature and other components of its climate. They should never be used to set or justify policies, laws or regulations – such as what the Environmental Protection Agency is about to impose on CO2 emissions from coal-fired power plants.
Following my appearance on the Daily Show, I’ve received emails and phone calls from people who don’t agree with my views about energy and the advantages America’s energy abundance provides—benefits that drive both progress and prosperity.
Despite the war-like hostility of the Obama administration to the traditional carbon based energy that fueled the industrial revolution, the entrepreneurship and modern technology of America’s private economy is producing a boom in oil and gas production that is overwhelming President Obama.
The global energy outlook has changed radically in just six years. President Obama was elected in 2008 by voters who believed we were running out of oil and gas, that climate change needed to be halted, and that renewables were the energy source of the near future.
California loves to be seen as the trendsetter on energy and environmental policies. But can we really afford to adopt their laws and regulations in the rest of America? Heck, can the once Golden State afford them itself? The path to hell is paved with good intentions, counter-productive policies – and hypocrisy.
A nation without adequate energy production is a nation in decline and that has been the President’s agenda since the day he took office in 2009. He even announced his war on coal during the 2008 campaign even though, at the time, it was providing fifty percent of the electricity being utilized.
NLPC has detailed extensively the wastefulness and folly of spending billions of taxpayer and consumer dollars to subsidize wind energy, solar energy and electric vehicles, all in the name of fighting climate change.
But the complicated, uneconomical boondoggle that Duke Energy built in Edwardsport, Ind. so as to burn coal gas rather than coal – and thus produce less carbon dioxide than a traditional coal plant – may be the dumbest idea to fight imaginary global warming to date. If you swallow the alarmists’ premise and “solutions,” the plant so far is a joke, as recent evidence shows it is using more energy than it produces.
The U.S. has the greatest energy reserves, coal, oil and natural gas, of any nation in the world, but Obama has been waging a “war on coal”, delaying the construction of the Keystone XL pipeline from Canada, and slow to issue permits to explore for new sources of energy reserves on federal lands. The impact on the economy is incalculable, but it is driving up the cost of energy for everyone and every industry.
While this week’s Senate Climate Action Task Force all-night marathon may seem like the ultimate comedy, real climate scientists are crying over the event. It’s not just because of the numerous basic science mistakes made by the senators.