Increasing Transportation Funding Without Raising Taxes

Many state departments of transportation are facing a perfect storm. As parts of their Interstate systems reach the end of their design life, the gas taxes which make up most of their funding stream are declining in real value due to inflation and increased fuel efficiency. There are two solutions to this problem. The first […]

Evolving Energy Infrastructure — Energy Battles Looming at Home

The electrical utilities industry is one that has always been regarded by economists as unique, with its most defining aspect being competition. There is little to none. However, economists have always argued that this is only a rational byproduct of the infrastructure associated with transporting energy. A perfectly competitive market is saturated with companies, and […]

Alaskan Oil Put on Ice With New Proposal

Last week, the Interior Department’s Bureau of Ocean Energy Management issued a five-year strategy that would open offshore drilling from Virginia to Georgia, but put previously deferred areas off the Alaskan coast off-limits, reports Politico. While possibly good news for the Atlantic coast ― as well as the oil and gas industry ― the Alaskan […]

EPA Final Rule Revising Definition of Solid Waste

The Environmental Protection Agency’s (EPA) final rule on the definition of solid waste will become effective on July 13, 2015. Perhaps the biggest revision in the rule is EPA’s withdrawal of the transfer-based exclusion codified in the 2008 rule. In its place, EPA created the “verified recycler exclusion.” This new provision requires that all recyclers […]

Super Bowl is Good for the Environment?

The Super Bowl is the most watched television broadcast in the United States with an estimated 111 million people watching each year. The amount of electricity consumed during the broadcast exceeds 11 million kilowatt-hours or equivalent to the amount of electricity generated by a medium-sized power plant. However, right before and during game time, electricity […]

Toxic Assets, Financial Sector Projections and… Bubbles?

As many economically-informed Americans know, the Great Recession of 2007 was instigated largely by belligerent lending by some of the largest banks in the United States — specifically a crisis started by aspiring homeowners and banks, who both overestimated the future value of the home, and investors who largely misunderstood the financial instruments called derivatives, […]

Obama Starts Tug-Of-War over 12 Million Acres

The Obama administration’s proposal to expand federally protected lands in Alaska has sparked huge controversy with the state’s entire government. Alaska’s Arctic National Wildlife Refuge (ANWR) currently protects about seven million acres from oil and gas exploration. Obama’s new proposal would close off another 12.28 million acres. Closing off this land “is a stunning attack […]

The Wind Beneath the Waves

The $2.6 billion off shore Cape Wind project failed to meet deadlines to secure financing and to begin construction and the heavily subsidized wind farm is now going to “sink below the waves.” The millions in taxpayer subsidies already prove that this thing should not float. While other off shore wind farms are planned, falling […]

Volatility Myth of Energy

Brookings Institution’s article claiming that falling oil prices will not hurt renewable “clean” energy wrongfully tries to make a comparison. Oil prices do fluctuate a good amount, and are part of a really good openly traded market. Renewable energy sources such as solar and wind, are not openly traded in a market and are heavily […]

SOTU NCPA: The Invisible Hand and Unabated Oil Production

In OPEC’s 2014 World Oil Outlook (WOO), the energy giant projects sustained oil prices of over $100 per barrel for 2015 with slight drops in future oil prices as low as $95 per barrel… Recent events have proven their short-run projections to be dead wrong. In his State of The Union (SOTU) Address, President Obama […]