Tag Archives: energy

Interview: Senator Hoeven Talks About The Empower States Act

Interview: Senator Hoeven Talks About The Empower States Act

North Dakota Senator John Hoeven has re-introduced the Empower States Act in this Congress, which would give states more control over regulating the energy industry. Senator Hoeven was kind enough to let me ask him a few questions about the ESA and what it could mean for North Dakota. I asked the Senator if the

The Case For Eliminating North Dakota's Income Tax

In an article about push by Republican governors and legislators around the nation to reduce, and even eliminate, income taxes the Wall Street Journal cites a remarkable statistic: A new analysis by economist Art Laffer for the American Legislative Exchange Council finds that, from 2002 to 2012, 62% of the three million net new jobs

Is It That Technology Changes Too Fast, Or Is The Government Holding Us Back?

There are two mistaken ideas about economics that, throughout history, significant numbers of people make again and again. One is the Malthusian idea about diminishing resources. This has been around since Thomas Malthus wrote about humanity outgrowing its ability to produce food, which would inevitably lead to widespread famine according to Malthus. Of course, that

Universal Background Checks Are A Good Way To Deny A Lot Of People Their 2nd Amendment Rights

One of President Obama’s gun control proposals announced after the school shooting at Sandy Hook Elementary (though a proposal which wouldn’t have done anything to stop that shooting) is universal background checks for all gun exchanges except those between relatives. This would close the so-called “gun show loophole” in existing background check requirements, but really

Now That He's Out Of Excuses, Will Obama Approve The Keystone XL Pipeline?

The State Department is winding up yet another review of the Keystone XL pipeline issue, and isn’t likely to produce anything all that different from previous reviews, and now the State of Nebraska has approved the route the pipeline will take through their state. It seems President Obama is running out of excuses to sandbag

While Finally Promising To Pass A Budget, Democrats Aim Tax Hikes At Energy Industry

Senate Democrats, who apparently think budgeting is like inaugurating presidents in that it’s only to happen every four years, have finally said they’ll pass a budget in 2013 after four years of not budgeting at all. Which the sort of had to do since Republicans are making Senate budgeting a prerequisite of a debt ceiling

US Oil Production Grew More In 2012 Than Any Other Year In History

Remember “peak oil?” The theory that we would one day run out of oil – just a few decades ago people were predicting it would happen in our lifetimes – has been, along with “global warming,” the primary justification for billions of dollars in government largess dumped on the so-called “green” or “renewable” energy industry.

North Dakota's Oil Tax Must Be Fixed

The Bismarck Tribune sounds a note on energy taxation and regulation that legislators ought to heed: Although the state has become comfortable with surplus revenues from oil and gas (make that expectant of surpluses), the Legislature needs to take a methodical and well-reasoned approach to any long-term financial commitments. It’s not likely oil production will

Renewable Fuels Standard Could Gobble Up America's Entire Corn Crop

The government must stop mandating ethanol production, Mark Perry notes. It drives up prices and, unless something is done, in the not-so-distant future the mandate may have our entire American corn crop diverted to making ethanol: Corn ethanol is clearly inferior to gasoline as a fuel source for automobiles. Despite a 51-cent-per-gallon tax credit to

Biofuels Causing Famine

This is what happens when the government distorts markets with subsidies, mandates and protectionism. Recent laws in the United States and Europe that mandate the increasing use of biofuel in cars have had far-flung ripple effects, economists say, as land once devoted to growing food for humans is now sometimes more profitably used for churning

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