Environmental groups, with a little help from the EPA, are trying to stop construction of the Keystone XL pipeline designed to move crude oil from Alberta (Canada, for the geographically challenged) to refineries in Texas. Nobody’s seriously claiming the $7 billion, 1,700 mile addition to the …
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By Robert Hahn, Peter Passell | Tags: Canada, energy security, EPA, oil | Category: Energy |
 Leave a commentBeijing, intoxicated by double-digit growth even as the west slogs through hard times, seems inclined to flex its economic muscles these days. It chose to express its displeasure with Japan in a largely symbolic territorial dispute by embargoing exports of vital industrial minerals called “rare earths.” And, for a while, … By Robert Hahn, Peter Passell | Tags: China, embargo, fungible commodities, Japan, oil, rare earths | Category: International Trade |
Leave a 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 |
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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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