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Results for: “how much are you willing to pay to be nuke free”

Keeping Michele Bachmann Honest on Gas Prices

The Promise: Gas Below $2 a Gallon Like many of you, I am often unhappy with our political leaders. One thing that annoys me the most is that many will say or do just about anything to get elected. By now, you have surely heard the news that Republican presidential hopeful Michele Bachmann has promised a return to $2/gallon gasoline if she is elected president: GOP candidate Michele Bachmann: I’ll bring back $2 gas NEW YORK (CNNMoney) — President Michele Bachmann has a promise: $2 gas. “Under President Bachmann you will see gasoline come down below $2 a gallon again,” Bachmann told a crowd Tuesday in South Carolina. “That will happen.” “The day that the president became president gasoline was… Continue»

Analysis Requested by Senate Democrats Highlights the Risks of Their Energy Proposals

This essay highlights the reason I loathe politics. Here I present a case in which politicians present a partial story and withhold key findings in order to push a specific agenda. But their trump card is that if things don’t go as planned they can assign blame elsewhere. The media is complicit because they have simply lapped up the claims uncritically without having a look at the original source material. Before I get into that, I want to make one thing crystal clear. I want to see oil consumption in the U.S. drop significantly. But to the extent that we require oil, I would like to see that oil produced domestically. I have offered very specific proposals on how to… Continue»

Getting Even With ExxonMobil

It is no secret that consumers are suffering from very high gasoline prices. And as a result of these high prices, ExxonMobil just reported a first-quarter profit of $10.7 billion — 69 percent higher than a year ago.  The national level of disgust and anger is approaching record levels as we watch the loss of our hard-earned dollars become Big Oil’s gain. The question is, what are we going to do about it? Before discussing how to deal with this, we should first discuss what it is that we are actually trying to do. I believe the very simplistic view is that by going after the oil companies, they are going to relent and lower gas prices. Thus, their profits… Continue»

‘Price Signal’ can be a Weapon for Managing Higher Gas Prices

The Steep Cost of Sudden Price Spikes One of my recent essays discussed the relationship between high oil prices and recession. Consumers who suddenly find themselves paying more for fuel are hit with the equivalent of a stealth tax, leaving less money available to fuel domestic growth through purchases or investments. Thus, unsurprisingly, there is a strong historical link between escalating oil prices and economic recessions. But despite the financial pain (in fact, because of it) there is a major upside to higher oil prices. Consumers do respond to the price signal, and this response can provide some protection against further price spikes. In this essay, I point out how we can mitigate against the effects of sudden price spikes,… Continue»

How Much Are You Willing to Pay to be Nuke-Free?

A Plan to Phase Out “Dirty” Energy After the Deepwater Horizon spill in the Gulf of Mexico, someone said to me “We have to stop all offshore drilling.” My response was that I could get behind that idea, but I wanted to know what sacrifices the person was willing to make. That turned out to be the end of the conversation, because usually the people campaigning against these sorts of things believe that the consequences will be all good (no more oil spills) with no real downside (like less energy available). I can tell you with absolute certainty that we can live with no offshore drilling, but I can also tell you that the price of your fuel would be… Continue»