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OpenMarket: February 2007

  • Global Warming Round-up

    February 27, 2007

    Some global-warming related stories you may have missed:

    • The EU's rapidly rising transport emissions mean that they won't meet their Kyoto targets "without additional measures."
    • Ireland is in a particular pickle with its ransport emissions.
    • British government Ministers are contributing to the problem.
    • Hedge funds are rapidly retreating from investment in renewable energy technologies, which is showing signs of being a classic bubble market.
    • Sen. Feinstein says mandatory caps on emissions will...
  • Al Gore - energy conservation is for the little people?

    February 27, 2007
    Does Al Gore believe energy conservation is for the little people, the hoi polloi? The Tennessee Center for Policy Research, as reported by the Drudge Report today, says that Al Gore's home electricity use is 20x that of the average US household.
    Gore's mansion, [20-room, eight-bathroom] located in the posh Belle Meade area of Nashville, consumes more electricity every month than the average American household uses in an entire year, according to the Nashville Electric Service (NES).
    Seems that the average household consumers 10,656 kilowatt hours, compared to Gore's 221,000 kWh use. Reminds me of the time Barbara Streisand urged all the little people to forego clothes dryers and line dry their wash, instead. And then her spokesperson was aghast at the suggestion that Babs might do the same.
  • Green Grass and High Times

    February 26, 2007

    How cute, Environmental Defense is declaring that “news just broke”—wink, they just now heard of it too!—that Texas Utilities (TXU) has agreed to a buyout by Kohlberg Kravis Roberts & Co. joined by a group chock-full of greens called the Texas Pacific Group. Why is this cause for environmentalist joy (or at least joy among those who have a stake in the deal — whatever it is, they are not yet saying — a universe which does not yet include the unsated Public Citizen and Rainforest Action Network)? Well, it seems that, along with the Natural Resources Defense Council (NRDC):

    “As part of the sale agreement, Environmental Defense helped negotiate an aggressive...
  • Decoupling Selling from Profit

    February 26, 2007

    I recently testified before the Senate Environment and Public Works Committee. One of the other witnesses was Peter Darbee, CEO and President of PG&E Corporation. In his testimony, he argued that his company had no special interest in the energy rationing fight because California had adopted the “decoupling” policy which ensured that his firm was able to make as much revenue by “not selling” electricity as by selling it.

    This idea—supported by the Natural Resources Defense Council, Amory Lovins, and many within the utility industry—is strange. Imagine if grocery stores were regulated utilities, each enjoying a regional monopoly over the selling of food and other basic needs, and were guaranteed revenue regardless of whether they...

  • “Social” Housing?

    February 26, 2007
    On C-SPAN last night, I was watching “Prime Minister's Questions”—the wonderful British institution in which the Prime Minister answers questions, both from his sometimes supporters and from the opposition. One question dealt with the adequacy of housing in Britain—the questioner arguing that far more money must be spent to provide housing for the poor. Prime Minister Blair responded by arguing that a balance was needed between private housing and “social housing.” Frederick Hayek once noted that the growing use of “social” as an adjective had lowered the quality of communication. “Social,” he argued, was a weasel word—it connoted some element of morality while conveying no substantive meaning at all. Ah, but in the political world connotations may well be more meaningful than substance. Consider “social justice,” “social security,” “social costs,” “welfare state,” and...
  • When Everything Is Unhealthy, Nothing Is

    February 26, 2007
    Americans eat more junk than many other peoples, although the gap is diminishing, and many other Western countries are beginning to catch up to the United States in their obesity rates. The greater American tendency to eat junk food may ironically be partly the result of our obsession with the health risks and imperfections of perfectly ordinary foods, which leads us to see no difference between such foods and truly unhealthy food. People often erroneously believe that baked potatoes, hamburgers, pizza, and cheese are intrinsically unhealthy, when they are not. As a result, they avoid them, while satisfying their food cravings instead with corn chips, potato chips, doughnuts, buttered popcorn, and cake, which typically contain few nutrients. (By contrast, people in my wife's native France, who are somewhat skinnier on average than Americans, do not view cheese, hamburgers, or baked...
  • Europe Is Not Amused

    February 26, 2007
    In the latest installment of what has become an increasingly sorry drama, the European Union's Ambassador to the United States, former Irish Prime Minister John Bruton, has written to Senate Environment and Public Works (EPW) Committee Chair Barbara Boxer (D-Calif.). His goal in the February 22 letter is “to put the facts before you,” claiming that “incorrect or incomplete information has been presented about the European Union (EU) climate policy. In particular, this concerns the EU's achievements to date by comparison to achievements in the US, and whether the EU will meet its obligation under the Kyoto Protocol, which is to reduce its emissions by 8% by 2012.”

    [Note: This promise is from 1990 levels, whatever...

  • Mind Your Own Turf

    February 26, 2007
    Today's Globe and Mail reports that Canadian environmental groups may soon succeed in getting the Province of Ontario to ban the use of lawn pesticides used for “cosmetic purposes.” They've managed to get such bans in the Province of Quebec as well as in dozens of cities, including Toronto and Halifax. Their success is part of a larger campaign to rid the world of man-made chemicals—without regard to the impacts—no matter how bad. For further insights on their efforts see this CEI study. Such bans are not only foolish, they can prove dangerous. After all, do the greens really expect people to manually pull all the weeds from their lawns? Sounds like a good recipe for carpal tunnel syndrome to me. Moreover, “cosmetic...
  • More Perfect Unions

    February 25, 2007
    Freeborn John (good name for a good blog) has a post up remembering the excesses of British labor unions before Thatcher. As he notes, these excesses have been airbrushed out of internet accounts as those unions have been romanticized. Lest we forget...
  • Are the Greens About to Capture NASCAR?

    February 23, 2007
    A story in the Washington Post sports section points out that General Motors VP Brent Dewar is pushing NASCAR to switch from gasoline to ethanol. Well, if he was lobbying for the change because of safety reasons, or economics, or for mileage or for performance reasons, one might not carp. But it seems he has a messianic desire to change the world. Dewar was based in Brazil in the 90s and witnessed its transformation from a petroleum-based economy to an ethanol economy. And he wants that to happen in America. But apparently Dewar hasn't considered such issues as Brazil's lack of petroleum reserves, the relative ease of converting sugar cane to ethanol, and the government's massive subsidies. It is simply a trendy thing to do and will change the world. He believes NASCAR...


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