If Pres. Obama has his way, Washington will invest heavily in energy technology as part of a broader climate change initiative designed to wean us addicts from our daily (hourly? secondly?) carbon fix. The Republicans will take the technology minus the climate regulation, thank you very much. Either way, though, …
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It’s egg-on-their-faces time for the assorted politicians and pundits who dismissed the potential for spills in offshore drilling as an acceptable price to pay for access to undersea riches. Does that group include us (Hahn and Passell)? Yes and no. We admit to writing articles, both technical [READ MORE...] By Robert Hahn, Peter Passell | Tags: benefit-cost analysis, BP oil spill, deep water drilling, Outer Continental Shelf | Category: Energy, Environment |
 Leave a commentCheck out our piece below, also featured in POLITICO this week: http://www.politico.com/news/stories/0410/35464.html President Barack Obama’s surprise announcement that he plans to open a big swath of coastal waters to offshore drilling apparently had little to do with energy security and a lot to do with the … By Robert Hahn, Peter Passell | Tags: Cost-Benefit Analysis, energy security, offshore drilling, President Obama | Category: Energy |
One commentPresident Obama is proposing to open a big swath chunk of Atlantic, Gulf and Alaska coastal waters to offshore oil and gas drilling. That’s probably a good idea because the potential benefits to society (more fuel) exceed the potential costs (extracting the stuff and managing the environmental risks). But … By Robert Hahn, Peter Passell | Tags: benefit-cost analysis, energy dependence, natural gas, offshore drilling, oil | Category: Energy, Quick Takes |
Leave a commentRemember back in the summer of 2008 when the McCain campaign, desperate for a comeback issue, gained some traction with “drill, baby, drill”? The environmental lobbies shuddered reflexively at the prospect of aggressive domestic oil development – and for a news cycle or two Republicans thought they had found the … By Robert Hahn, Peter Passell | Tags: Arctic National Wildlife Refuge, Cost-Benefit Analysis, Energy, oil, Outer Continental Shelf | Category: Energy |
3 commentsNuclear power in America lives in an odd political/economic limbo. The 104 plants operating here (all built before 1978) have become the work horses of the utility industry, generating one-fifth of the nation’s electricity at low marginal cost thanks to vast improvements in their operating reliability. And, … By Robert Hahn, Peter Passell | Tags: cap-and-trade, carbon tax, Climate Change, environmental policy, John Parsons, nuclear power, Paul Joskow | Category: Energy, Environment |
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Professor Dieter Helm (Oxford) is a very fine fly fisherman, and an even better economist. If you haven’t done so, take a look at his new book “The Carbon Crunch: How We Are Getting Climate Change Wrong — and How to Fix It” for a bit of unconventional wisdom. He argues that politicians and the general public have not shown any real interest in addressing climate change. Helm argues that places like Europe should focus on setting a price for carbon that would cover consumption (and not just production), and that fracking could be a good “bridge” technology for reducing consumption of coal. The book is readable and insightful for those interested in the inside track on climate policy. 
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