Issue Brief posted April 8, 2013
10 Questions for DOE Nominee Ernest Moniz
Dr. Ernest Moniz, if confirmed by the Senate as next Secretary of Energy, will be taking over a Department wrought with controversy from the past four years. During a time when energy development should be driving the economy forward, pernicious subsidy policies, missing leadership on nuclear waste disposal, and unnecessary limits on conventional fuel development on…
WebMemo posted June 8, 2011
Congress’s Recent Attempts to Promote Small Modular Nuclear Reactors Fall Short
The House and Senate are considering bills that are meant to help development of small and modular nuclear reactors (SMRs). These new reactors could provide all of the attractive qualities of large reactors—such as being safe, emissions-free sources of electricity—but at lower upfront costs with greater flexibility. Unfortunately, the two bills—the Nuclear Energy Research…
Backgrounder posted April 7, 2011
By Any Other Name, Energy Cuts Still Stink
Eighty-five percent of the energy that fuels the American economy is from coal, petroleum, and natural gas. An unavoidable by-product of burning these fuels is carbon dioxide (CO2). Analyses of the Waxman–Markey cap-and-trade bill make clear that CO2-reduction targets will not be met through increases in renewable energy production. So, cutting CO2 means…
WebMemo posted July 20, 2010
Cap-and-Trade Bill Would Make Housing Less Affordable
In addition to the devastating economic effects of cap and trade, the Clean Energy Jobs and American Power Act (S. 1733)—introduced by Senators John Kerry (D–MA) and Joseph Lieberman (I–CT)—would likely lead to the same conditions that caused the housing bubble of a few years ago.
It would do this by providing financial incentives to the federally funded metropolitan…
WebMemo posted June 18, 2010
Lugar’s Energy and Climate Plan: More Big Government, Less Consumer Choice
On June 9, Senator Dick Lugar (R–IN) introduced his Practical Energy and Climate Plan. As Lugar promised, the bill does not contain a cap-and-trade or carbon pricing provision; however, it does include a host of mandates and regulations that would hurt the consumer in the name of reducing dependence on foreign oil and reducing greenhouse gas emissions.
WebMemo posted May 26, 2010
Kerry–Lieberman Tax Subsidies: The Wrong Approach for Nuclear Power
When it comes to tax policy, what once were vices now are habits. A quick glance at the tax provisions in the President’s budget reveals lists and lists of special tax deductions and credits. Legislation again moving in Congress to extend certain expired and expiring tax provisions includes yet another list of special tax provisions. Inevitably, the number of special…
WebMemo posted May 14, 2010
Too Many Subsidies Mar Otherwise Good Nuclear Title of Kerry–Lieberman Bill
Senators John Kerry (D–MA) and Joe Lieberman (I–CT) released their much-awaited climate and energy bill, the American Power Act (APA), on May 12. While the economic harm caused by the bill’s cap-and trade-provisions makes it a non-starter, the nuclear title, with modification, provides a good start for a separate nuclear bill.
Strong on Regulatory Reform
WebMemo posted February 3, 2010
Conditions and Policy Reforms Must Accompany Nuclear Loan Guarantee Boost
President Obama's 2011 budget provides an additional $36 billion in loan guarantee authority to nuclear energy projects. When added to the $18.5 billion previously authorized under the Energy Policy Act of 2005, the American taxpayer will now be subsidizing $54.5 billion in loans to the nuclear industry (if the budget is approved).
Loan guarantees can help…
WebMemo posted December 14, 2009
Senate Attempts to Promote Small Nuclear Reactors Fall Short
The Senate is considering two bills that are meant to help small and modular nuclear reactor development. Unfortunately, the Nuclear Energy Research Initiative Improvement Act (S. 2052) and the Nuclear Power 2021 Act (S. 2812) would have the opposite impact.
Together (or individually), these bills would smother the private-sector initiative and free-enterprise spirit…
WebMemo posted December 4, 2009
Obama Jobs Deficit Up Again, Real Jobs Strategy Needed
Another month under President Obama, another 11,000 jobs lost, pushing the total Obama jobs deficit to 7.6 million. One day after the White House jobs summit admitted that the President’s policies—including the massive $787 billion stimulus enacted last spring—are not working to create jobs, the Department of Labor’s monthly jobs report added the exclamation point.
Special Report posted November 23, 2009
Why Must the U.N. Be Central to Addressing Global Warming?
A statement issued by the Asia-Pacific Economic Cooperation (APEC) summit conceded a long-suspected reality: The upcoming Copenhagen conference will not produce a legally binding climate pact to succeed the failed Kyoto Protocol. APEC's statement was significant because APEC nations comprise roughly 60 percent of total anthropomorphic greenhouse emissions, including…
WebMemo posted November 19, 2009
Discounting and Climate Change Economics: Estimating the Cost of Cap and Trade
The Environmental Protection Agency (EPA) recently released its preliminary analysis of the Boxer-Kerry cap-and-trade bill. It largely reheats their analysis of the Waxman-Markey bill from last summer.
Proponents of both bills often claim the EPA analyses pegs the cost per household at a postage stamp per day. However, the reality is that the costs of both bills are…
Backgrounder posted November 3, 2009
Boxer-Kerry Cap-and-Trade Bill's Nuclear Provision Won't Fuel a Nuclear Revival
Abstract: America needs a clean, safe, and sustainable energy source. Nuclear power could be part of the solution -- with the right set of free-market reforms. Congress, the nuclear industry, and many Americans agree that reform of U.S. nuclear policies is necessary, but cannot agree on what those reforms should look like. The nuclear provision in the Senate's new Clean…
WebMemo posted August 28, 2009
Waxman-Markey's Effect on Gas Prices in Your State
The Waxman-Markey energy bill, which would restrict greenhouse
gas emissions by creating a cap-and-trade system, was passed by the
House in June and will likely be considered by the Senate soon.
If this bill becomes law, gasoline prices would increase
significantly in order to meet emissions limits imposed by the
legislation. To see specific estimates, hover your…
WebMemo posted August 26, 2009
Blaming Oil Speculators: A Costly Diversion from Real Solutions to Rising Oil Prices
The price of oil, having soared to an all-time high in July 2008
before plummeting by nearly 75 percent, is rising again and is
likely to climb ever higher as the economy recovers.
Of course, rational solutions, such as unlocking America's
restricted oil potential, appear to be off the table for the Obama
Administration and the current Congress.