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  • Commentary posted April 30, 2014 by Kevin D. Dayaratna, Ph.D., David W. Kreutzer, Ph.D. Test-Driving the EPA's Carbon Models

    When you switch on the kitchen light tonight, how will it affect Captain James T. Kirk and the intrepid crew of the Starship Enterprise? Captain Kirk is a fictional character, of course, but the question -- thanks to the EPA -- is all too real. The agency calls it the "Social Cost of Carbon." In the SCC they claim to have an estimate, measured in dollars per ton of CO2,…

  • Backgrounder posted April 29, 2014 by Kevin D. Dayaratna, Ph.D., David W. Kreutzer, Ph.D. Unfounded FUND: Yet Another EPA Model Not Ready for the Big Game

    Unable to enact cap-and-trade legislation, even when he was supported by filibuster-proof majorities in Congress, President Barack Obama famously claimed, “Cap and trade was just one way of skinning the cat; it was not the only way.”[1] The primary alternative way to skin the cat is regulation by federal agencies, especially by the Environmental Protection Agency (EPA). A…

  • Backgrounder posted December 5, 2013 by Nicolas Loris, Kevin D. Dayaratna, Ph.D., David W. Kreutzer, Ph.D. EPA Power Plant Regulations: A Backdoor Energy Tax

    The Environmental Protection Agency (EPA) has re-proposed its desired regulation of carbon dioxide and other greenhouse gas (GHG) emissions for future power plants. The agency also plans to finalize standards for existing plants by summer 2015. If implemented and combined with other proposed and newly implemented regulations, these GHG regulations would significantly…

  • Backgrounder posted November 21, 2013 by Kevin D. Dayaratna, Ph.D., David W. Kreutzer, Ph.D. Loaded DICE: An EPA Model Not Ready for the Big Game

    The “social cost of carbon” (SCC) is a metric used by the Environmental Protection Agency (EPA) to quantify the economic impact associated with carbon emissions.[1] The EPA uses three statistical models to estimate the SCC: FUND (Climate Framework for Uncertainty, Negotiation and Distribution), DICE (Dynamic Integrated Climate-Economy), and PAGE (Policy Analysis of the…

  • Commentary posted October 28, 2013 by David W. Kreutzer, Ph.D. Feds' energy 'micro' management goes too far

    Have you ever gone to the kitchen in the middle of the night without turning on the lights, looked at your microwave’s digital clock and said, “Man, that is bright! How much energy does that thing use anyway?” If so, you were either hung over or an employee of the Department of Energy. In reality, that clock uses hardly any energy at all — an average of 4.5 watts on the…

  • Play Movie The EPA is at it Again: Kreutzer on Fox Business Video Recorded on September 20, 2013 The EPA is at it Again: Kreutzer on Fox Business

    Senior Research Fellow David Kreutzer discusses the EPA's harsh new rules to curb carbon emissions from coal and natural gas plants on Fox Business' 'The Willis Report'.…

  • Video Recorded on September 17, 2013 The Rise of Natural Gas Prices: Kreutzer on Fox Business

    Research Fellow David Kreutzer discusses the rise of natural gas prices, oil, and fracking on Fox Business' 'The Willis Report'.…

  • Play Movie The Justice Department's Anti-Trust Probe: Kreutzer on Fox Business Video Recorded on July 26, 2013 The Justice Department's Anti-Trust Probe: Kreutzer on Fox Business

    Senior Fellow David Kreutzer discusses the Justice Department's anti-trust probe and it's effect on the oil industry on Fox Business Network's 'MONEY with Melissa Francis'.…

  • Play Movie The Quebec Oil Train Disaster: Kreutzer on Fox Business Video Recorded on July 8, 2013 The Quebec Oil Train Disaster: Kreutzer on Fox Business

    Senior Research Fellow David Kreutzer discusses the oil train that derailed in Canada on Fox Business Network.…

  • Issue Brief posted June 27, 2013 by David W. Kreutzer, Ph.D., Nicolas Loris, Kevin D. Dayaratna, Ph.D. Cost of a Climate Policy: The Economic Impact of Obama’s Climate Action Plan

    President Obama recently released his Climate Action Plan, which is a continuation of the costly, ineffective policies from his first four years in office: Solyndra-style loan guarantees, nice-sounding but too expensive efficiency mandates, and his war on coal. It is this war on coal that would prove the most costly, with hundreds of thousands of lost jobs and $1.47…

  • Backgrounder posted May 28, 2013 by David W. Kreutzer, Ph.D. A Cure Worse Than the Disease: Global Economic Impact of Global Warming Policy

    How would adopting a global-warming policy affect world income? Adopting carbon restrictions of the magnitude found in the Lieberman–Warner cap-and-trade bill[1] would actually reduce worldwide income, even after accounting for the economic benefits of moderated warming. The costs would exceed the benefits by more than $100 trillion over the remainder of the 21st century.…

  • Play Movie Oil Supply Shocker: Kreutzer on Fox News Video Recorded on May 15, 2013 Oil Supply Shocker: Kreutzer on Fox News

    Research Fellow David Kreutzer discusses the North American oil supply forecast on Fox Business Network's 'MONEY With Melissa Francis'.…

  • Issue Brief posted April 11, 2013 by David W. Kreutzer, Ph.D., Kevin D. Dayaratna, Ph.D. Boxer–Sanders Carbon Tax: Economic Impact

    Senators Barbara Boxer (D–CA) and Bernie Sanders (I–VT) recently proposed the Climate Security Act of 2013,[1] which includes a tax on the use of carbon. Heritage analysis of the bill shows that it would increase the cost of energy, reduce incomes, lead to fewer jobs, and have minimal impact (if any) on global warming. The economic impacts would include (after adjusting…

  • Commentary posted January 16, 2013 by David W. Kreutzer, Ph.D. Grimm's Carbon Tax

    Maybe the wolf should have skipped the granny disguise and just scarfed down Little Red Riding Hood in the woods. It couldn’t have worked out any worse for him. That appears to be the logic of carbon-tax cabal in Washington. The latest triad of bills — Lieberman-Warner, Waxman-Markey and Kerry-Boxer — all died once their “cap-and-trade” costumes were pulled off to reveal…

  • Issue Brief posted January 8, 2013 by David W. Kreutzer, Ph.D., Nicolas Loris Carbon Tax Would Raise Unemployment, Not Swap Revenue

    Interested in raising revenue and reducing global warming, some policymakers in Washington are floating the idea of a carbon tax. In order to sway conservatives to support a carbon tax, proponents are pushing for either revenue neutrality or replacing the Environmental Protection Agency's (EPA) greenhouse gas regulations. These proponents ignore three critical realities…