PUBLICATIONS BY David Kreutzer, Ph.D.
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2009 Commentary
October 23, 2009
Questionnaire May Shed Long-Overdue Light on Cap-and-Trade Legislation
By David Kreutzer
Reps. Henry Waxman and Ed Markey did a little digging last week. It was the kind of thoughtful investigative work our lawmakers should do more often.
2008 Commentary
August 18, 2008
Arctic oil and the privileged few
By David W. Kreutzer
You hear a lot in Washington about the plight of the middle class. Politicians are often quick to condemn any policy they claim will help the rich but harm middle-class workers.
But it's a different story when it comes to drilling for oil in Alaska's Arctic National Wildlife Refuge (ANWR). You hear little concern about continuing a policy that benefits an elite group of wealthy tourists while denying a century's worth of fuel to millions of households.
May 08, 2008
Don't fall for a "windfall" profits tax
By David W. Kreutzer
"Excess profits." That's what oil companies are earning, Barack Obama says -- and he's not alone. Recent earnings reports from these companies have set off such a wave of anti-profit proposals that it seems our politicians are reading Mao's Little Red Book.
April 08, 2008
Supply, demand and gasoline prices
By David W. Kreutzer
During the summer, television networks don't seem to discriminate in airing re-runs. The miserable shows get re-aired along with the good ones. Washington seems to have the same mindset when it comes to policy reruns. Failed policies are as likely to be reinstituted as successful ones. Case in point: petroleum regulation and the "windfall profits" tax.
2009 Research
November 19, 2009
Discounting and Climate Change Economics: Estimating the Cost of Cap and Trade
By David W. Kreutzer, Ph.D.
(WebMemo #2705)
Even using the EPA results shows that the cost of cap-and-trade legislation would be $2,872 per year in 2050. Those are some very expensive postage stamps.
August 19, 2009
Impact of the Waxman–Markey Climate Change Legislation on the States
By David Kreutzer, Ph.D., Karen Campbell, Ph.D., William W. Beach, Ben Lieberman, and Nicolas D. Loris
(WebMemo #2585)
The 1,500-page cap-and-trade climate legislation, also known as Waxman-Markey, passed by a narrow margin late in the day on June 26. Cap and trade is nothing more than a massive energy tax that will raise prices and destroy jobs, and no state can escape the economic perils it causes.
August 06, 2009
The Economic Consequences of Waxman-Markey: An Analysis of the American Clean Energy and Security Act of 2009
By David W. Kreutzer, Ph.D., Karen A. Campbell, Ph.D., William W. Beach, Ben Lieberman, and Nicolas D. Loris
(Center for Data Analysis Report #09-04)
The Waxman-Markey bill proposes a new national tax of historic proportions. Though levied directly on carbon-based energy, the tax's impact spreads through the economy, increasing prices, reducing income, destroying jobs, and significantly expanding the national debt. It seeks to "level the playing field" by making a more competitive player weaker rather than ensuring an environment where less competitive players can become stronger.
August 06, 2009
Heritage Analysis of Waxman-Markey Hits Where Others Miss
By David W. Kreutzer, Ph.D.
(WebMemo #2580)
The Waxman-Markey bill forces a bad deal on a generation that does not have the option to turn it down.
June 25, 2009
Waxman-Markey Global Warming Bill: Economic Impact by Congressional District
By Karen A. Campbell, Ph.D., and David W. Kreutzer, Ph.D.
(WebMemo #2504)
It has become quite clear over the past several months that placing a cap on carbon emission will have major implications for the American economy and families.
June 24, 2009
CBO Grossly Underestimates Cost of Cap and Trade
By David Kreutzer, Ph.D., Karen Campbell, Ph.D., and Nicolas D. Loris
(WebMemo #2503)
The CBO analysis of Waxman-Markey fails to take into account all the adverse effects that will ripple through the U.S. economy if cap and trade becomes law.
June 09, 2009
Response to the NRDC Critique of The Heritage Foundation's Analysis of the Waxman-Markey Bill
By David W. Kreutzer, Ph.D., Karen A. Campbell, Ph.D., William W. Beach, and Ben Lieberman
(Center for Data Analysis Report #09-03)
Recently, Dr. Laurie T. Johnson of the Natural Resources Defense Council (NRDC) critiqued The Heritage Foundation's analysis of the Waxman–Markey bill (H.R. 2454, "American Clean Energy and Security Act of 2009"). The egregious errors that she commits in her critique cry out for correction.
June 08, 2009
Questions on EPA's Cost Estimates for Waxman-Markey Climate Change Legislation
By David Kreutzer, Ph.D., and Nicolas Loris
(WebMemo #2470)
The EPA's conclusion that Americans will be better shielded from the pain of capping carbon by Waxman-Markey draft legislation is fantasy. Two major independent model analyses of the legislation have already confirmed this reality.
May 18, 2009
Son of Waxman-Markey: More Politics Makes for a More Costly Bill
By William W. Beach, David W. Kreutzer, Ph.D., Karen A. Campbell, Ph.D., and Ben Lieberman
(WebMemo #2450)
The Waxman-Markey bill is a massive energy tax in disguise that promises job losses, income cuts, and a sharp left turn toward big government.
May 13, 2009
The Economic Impact of Waxman-Markey
By William W. Beach, David W. Kreutzer, Ph.D., Karen A. Campbell, Ph.D., and Ben Lieberman
(WebMemo #2438)
The Waxman-Markey bill would have little impact on world temperatures, it is a massive energy tax in disguise that promises job losses, income cuts, and a sharp left turn toward big government.
May 07, 2009
The Economic Impact of Cap and Trade
By David W. Kreutzer, Ph.D.
(Testimony #9999)
Carbon dioxide is not a toxin, is not directly harmful to human health, and is not projected to become so--even without legislative or regulatory action. CO2 is fundamental to all known forms of life. Indeed, studies show that increased CO2 levels are beneficial for crop production.
2008 Research
November 10, 2008
The Global Response to a Terror-Generated Energy Crisis
By William W. Beach, James Jay Carafano, Ph.D., Ariel Cohen, Ph.D., David W. Kreutzer, Ph.D., Karen A. Campbell, Ph.D., and Hopper Smith
(Center for Data Analysis Report #08-11)
In June 2008, The Heritage Foundation invited energy scholars and policy experts to participate in a computer simulation and gaming exercise assessing the economic effects of a global petroleum energy crisis. This exercise suggests reliance on market forces and coordinated security activities did much to help restore the confidence of markets and consumers.
November 05, 2008
Impact of CO2 Restrictions on Employment and Income: Green Jobs or Gone Jobs?
By David W. Kreutzer, Ph.D.
(WebMemo #2122)
Those pushing restrictions on carbon dioxide have tried to repackage global-warming legislation as jobs bills. As appealing as the repackaging seems on the surface, the support for these claims collapses once it is examined.
October 29, 2008
CO2–Emission Cuts: The Economic Costs of the EPA's ANPR Regulations
By David W. Kreutzer, Ph.D., and Karen A. Campbell, Ph.D.
(Center for Data Analysis Report #08-10)
The EPA's Advance Notice of Proposed Rulemaking (ANPR) proposes an unprecedented expansion of federal ability to regulate CO2 emissions. Its limits on CO2 emissions would impose significant costs on virtually the entire American economy. Even under a fairly optimistic set of assumptions, the economic impact of the ANPR is likely to be serious for the job market, household budgets, and the economy overall.
October 01, 2008
The Economic Case for Drilling Oil Reserves
By David W. Kreutzer, Ph.D.
(WebMemo #2093)
Energy is critical to the operation of our economy and the maintenance and improvement of our standard of living. Restricting access to energy hurts the economy, drives income down, and, of course, drives up prices of other goods. Opening access to our own petroleum reserves can help our economy as it helps restrain rising energy costs.
July 24, 2008
Oil Speculators Help Consumers at the Gas Pump
By David Kreutzer
(WebMemo #2003)
A 2006 study by the Senate’s Permanent Subcommittee on Investigations is used by those claiming a causal link from futures market speculation to higher petroleum prices. However, evidence since publication unequivocally disproves that finding-using the SPSI’s own logic.
May 22, 2008
Effect of the Lieberman-Warner Global Warming Legislation on States
By William W. Beach, Ben Lieberman, David W. Kreutzer, Ph.D., and Nicolas D. Loris
(WebMemo #1930)
Workers and families in the United States may be wondering how climate change legislation before Congress will affect their income, their jobs, and the cost of energy. Members of Congress are considering a number of bills designed to address climate change.
May 12, 2008
The Economic Costs of the Lieberman-Warner Climate Change Legislation
By William W. Beach, David W. Kreutzer, Ph.D., Ben Lieberman, and Nicolas D. Loris
(Center for Data Analysis Report #08-02)
The Lieberman-Warner climate change bill is, in many respects, an unprecedented proposal. Its limits on CO2 and other greenhouse gas emissions would impose significant costs on virtually the entire American economy, and complicated tariff rules, dependent on evaluating the GHG restrictions of all trading partners, add another unknowable dimension to the costs, fueling the overall uncertainty.
November 20, 2009
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