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  • Energy Analyst Points Out True Cost of CAP's Plans

    February 13, 2007

    Kevin Hook, an energy analyst speaking in a personal capacity, points out that some of the CAP's suggestions could raise national gasoline bill by over a billion dollars. He also argues that many of the benefits claimed by the CAP were as a result of economic contraction after 9/11.

  • Honesty from BP America?

    February 13, 2007

    Steve Elger from BP America is now speaking. I wonder if he'll mention BP's safety record while it has been saving the planet?

  • World Resources Institute Lowers GHG Target

    February 13, 2007

    At the EPW hearing on the Climate Action Partnership, Jonathan Lash of the World Resources Institute talks about how his group's target is 450 - 550 ppm atmospheric concentrations of greenhouse gases. He has not mentioned that the economic consensus that a target of 550 - 650 ppm will cost 1-5% of global GDP. Lower targets will cost much more.

  • DuPont CEO Claims Reduction in GHG

    February 13, 2007

    DuPont's CEO, Chad Holliday, is claiming a 72% reduction in greenhouse gases and a healthy return from them to his shareholders. Strangely enough, this was acheived despite the lack of regulatory certainty he now clamors for.

  • PG&E CEO's Testimony at EPW Hearing

    February 13, 2007

    The CEO for energy company PG&E, a company that does not use any significant amounts of coal, is setting out an admirable program of efficiency improvements and research initiatives. Unfortunately, he wants others to pay for it in the name of "certainty." Those others are his customers via the carbon market and the taxpayers.

  • Sen. Inhofe Calls Climate Action Partnership What It is...

    February 13, 2007

    At a Senate hearing today to discuss the rent-seeking cartel masquerading as the Climate Action Partnership, Fred Smith will present the testimony here. Senator Inhofe's opening statement asked whether he, during his 25 years as a CEO, would have made a bunch of money for his shareholders knowing it would be bad for the economy. That's the issue in a nutshell.

  • CEI's President Testifies on Climate Action Partnership

    February 13, 2007

    CEI President Fred Smith is testifying before the Senate Environment and Public Works Committee this morning on the Climate Action Partnership and the effects the companies' cap and trade plan will have on the American economy. Stay tuned for updates from CEI Senior Fellow Iain Murray throughout the hearing.

  • First on a plane, now in the sewer!

    February 12, 2007

    This week's new episode of  the Fox animated series"King of the Hill" centers around a great -- and hilarious -- illustration of the public choice insight that government officials act for self-interested motives as much as do actors in the market.

    The episode begins when a python that belongs to Lucky, the boyfriend of the Hills's naive and gullible niece, Luanne, escapes down the toilet and into the sewer. Hank Hill (for the unitiated: the show's main character) asks the local government animal control agency to catch the monster.

    However, rather than rush to solve this emergency, Heimlich County's two animal control agents -- who complain constantly about their being underpaid and their agency underfunded -- seize...

  • The Tim Carney Unemployment Act

    February 12, 2007

    Ivan has an excellent take on the unintended consequences of raising the minimum wage (below), so I'll limit myself to highlighting a recent Bureaucrash video on the issue, featuring former Warren Brookes Fellow Tim Carney. Tim gives us a quick first-person testimonial on the effect of the minimum wage on teenage workers.

    [youtube]_sW5ob0WLuQ[/youtube]

  • YouTube music video stars become real music video stars

    February 12, 2007

    Open Market readers may have seen this already, but I wanted to point out one interesting development from last night's Grammy awards. The award for best music video went to the band OK Go, for “Here It Goes Again.”

    Remember that funny video clip from YouTube of the four indie rock guys dancing around on treadmills? The one that got forwarded around millions of times by amused Internet users? Well, it just won a Grammy award, beating out established bands from huge labels, including the Red Hot Chili Peppers (who won three other awards last night).

    It was made for almost no money, got no marketing or airplay other than YouTube and MySpace, yet it's been seen by millions of people and has now won the biggest award in the music industry. Truly, friends, the future is now.

    Here's the big winner:

    [youtube]pv5zWaTEVkI[/youtube]

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