EVA Report on the Costs of Recent EPA Regulations

cropped-bob-shapiro.jpg   By Bob Shapiro

The previous post mentioned a study done by Energy Ventures Analysis (EVA) of the effects of EPAs latest regulations. This study is so important that I have devoted a separate post to it.

The EVA study is 41 pdf pages long. I reprint below a small part of their Executive Summary showing part of their cost analysis. These costs are

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The Gruberization of Environmental Policies

Paul Driessen   by Paul Driessen

Accumulation of fraudulent EPA regulations impacts energy, economy, jobs, families and health

Call it the Gruberization of America’s energy and environmental policies.

Former White House medical consultant Jonathan Gruber pocketed millions of taxpayer dollars before infamously explaining how ObamaCare was enacted. “Lack of transparency is a huge political

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The Week That Was

(Re-Blogged from SEPP, the Science and Environment Policy Project)

Quote of the Week:Skepticism is the first step to Truth
–Denis Diderot
##################################################
Number of the Week:1.42 times area of USA (all territory)
###################################################
THIS WEEK:
By Ken Haapala, Executive Vice President, Science and Environmental Policy Project (SEPP) Science Adviser:
Recently, the once obscure position of official science adviser has garnered the attention in the popular press. John Holdren, President Obama’s chief science adviser, has been active in the US National Climate Assessment, which is little more than the alarmist version of the Fifth Assessment Report (AR-5) of the UN

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Not Another Liberal Republican

cropped-bob-shapiro.jpg   By Bob Shapiro

I read a piece which gives a very unflattering picture of Jeb Bush as little more than a catch-up version of Obama and Hillary Clinton. He calls for the Republicans to stop putting up “me too” candidates and actually offer American voters a choice on policy.

The possibility of a Jeb Bush, Chris Christie, or other liberal Republican being put up – again – as the party standard bearer in 2016, dismays

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Obama Ignored US Embassy’s Warnings On Climate Change Speech

(Re-Blogged for WattsUpWithThat.com)

Obama’s Climate Fiasco Drives Aussies Closer To India & China

Barack  Obama defied the advice of his embassy in Canberra to deliver a stinging attack on the Abbott government’s climate policies in Brisbane last weekend. The US embassy, under the leadership of ambassador John Berry, advised the President, through his senior staff, not to couch his climate change comments in a way that

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The First Thanksgiving

cropped-bob-shapiro.jpg   By Bob Shapiro

In December 1620, a group of settlers (we know them as Pilgrims), originally bound for Virginia, arrived in Massachusetts. They found a suitable location for a settlement, which they named Plymouth.

Besides starting a new colony from scratch, these early Americans also had to deal with a pair of issues which still plague us today: “Foreign”

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Obama Administration Encourages Illegals to Sign Up for Obamacare

(Reposted from EagleRising.com, by Tim Brown)

Barack Obama’s Health and Human Services Secretary Sylvia Burwell recently told a group of Latino bloggers in an online chat that the Obama administration wants to make Obamacare available for illegal aliens.

You may recall back in 2009 that Rep. Joe Wilson, a Republican from my home state of South Carolina, yelled out “You lie!” to Barack Obama. He was chided and maligned in the press and even by so-called “conservatives” for calling Obama what he is. But do you recall what he said Obama was lying about? Let me refresh your memory.

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The End of the Dollar Standard

cropped-bob-shapiro.jpg   By Bob Shapiro

The Eurozone can be thought of as a 2-tier confederation. The northern countries have stronger economies, have trade surpluses, and have lower debt to GDP. The southern countries – often referred to as the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) – have been in and out of economic crisis after crisis for many years.

A few years ago, I was in preliminary contact with the government of Portugal. I prepared a 24 page report for them outlining how they could reverse the tailspin that the country was in.

One feature of my plan was for them to build up their holdings of Gold

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Wind, Solar, & Gas Compared

cropped-bob-shapiro.jpg   By Bob Shapiro

Can Wind or Solar compete with Natural Gas in being able to supply electricity within the US, when it’s needed, at the lowest cost? A recent analysis shouts a resounding NO!

Many factors need to be taken into account when the cost of production of electricity is considered.

  • What are the Capital Costs
  • What amount out of the Nameplate Capacity is available
  • Does it need a backup source of electricity to cover downtime
  • How costly is it to Hook It Up to the nation’s electrical grid
  • How much will maintenance cost
  • How much will the fuel cost

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Swiss to Vote on Mandatory Gold Backing of Franc

(Re-Blogged From Money Metals Exchange)

A few years ago, the wisdom of central bankers went virtually unchallenged. Citizens simply assumed anyone working for the central bank must be trustworthy, disciplined, and wise. After all, those leaders supposedly represent the best thinking in economics.

 

That sort of unquestioning reverence provided lots of latitude for them to operate, and to make profound mistakes as all central planners invariably do.

 

For example, Switzerland and England did not face public protests when they sold huge portions of their nation’s gold stockpiles at what

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An amazing chart of an amazing job-creating state; we owe a debt of gratitude to ‘Saudi Texas’ and the shale boom

Since the Great Recession started in 2008, employment has fallen along with the Labor Participation rate. It is only in the last 2 months that employment has gotten back to pre-recession levels for the US as a whole.

But, contrast two oil rich states: “Saudi” Texas and the anti-energy California. California still has 7.3% unemployment, and people & businesses are fleeing the socialist level over-regulation. In Texas, employment never fell below pre-recessionary levels, and in the last year, provided fully 1/6 of all new US employment – over 420,000 new jobs in the last year!

Please read on for the story of the Texas Miracle. (Bob Shapiro)

Mark Perry AEI   By Mark J. Perry

(Reblogged from the American Enterprise Institute)

US vs Texas Employment

The chart above shows a most amazing economic phenomenon: Since

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Government vs Labor and Business

cropped-bob-shapiro.jpg   By Bob Shapiro

Witnesses observing a crime in progress may tell different stories. Economists looking at the same chart describing the US Economy also may not agree on what’s going on.

A recent article on the American Enterprise Institute (AEI) web site, by James Pethokoukis, The Rise of the Machines vs Workers, in One Chart, showed the following chart:

Corp Profits

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Commodity Merry-Go-Round

cropped-bob-shapiro.jpg   By Bob Shapiro

Insider Trading is illegal in the United States. For those who are new to the concept, if you know market affecting information before it is generally available to the public, that’s insider trading.

If you know a company is about to report surprisingly lousy (or great) earnings, and you trade ahead of the information being released, that’s insider trading. If you trade on a crop report before the report is

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Un-Worthy Charities

cropped-bob-shapiro.jpg   By Bob Shapiro

I’ve written before that Americans are a very generous people. In spite of high taxes to fund various Entitlement programs for the poor and much else, Americans still donate several hundred Billion dollars to charity.

I give quite a bit in cash and “in-kind” contributions, and I also give a couple hundred hours a year of my time (for which I get a psychic benefit). Likely, you do as well.

Over the years, I’ve become somewhat more careful of what group I’ll

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The Holiday Buying Season

cropped-bob-shapiro.jpg   By Bob Shapiro

When I first started working, the maximum yearly salary which required a FICA deduction was $4,800. (Yes, I’m old – don’t make fun.) Once you reach the maximum earnings, FICA deductions end for the year, and you get a bump up in your take home pay. (The Consumer Price Index (CPI) today stand more that 7 times as high as in 1966.)

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Sight, Sound, & Movement – Free Market Solutions

cropped-bob-shapiro.jpg   By Bob Shapiro

I’ve been very upbeat on the power of creativity & innovation, within the Free Market System, to improve the lives of Americans greatly, an even people world-wide. And I tend to be highly critical of regulatory agencies, such as the FDA, which hold back creativity & innovation and often exist not to regulate their industries but to extend protective benefits to them.

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Thanksgiving

(Re-Blogged from Silver-Phoenix500.com, by Aubie Baltin)

At this time of the year when most of us have a lot more to be thankful for than we realize, (count your blessings) let us all say a small prayer for those among us who have not been so fortunate. I would also like to take this opportunity to examine that first THANKSGIVING  and to reflect upon a few lessons that might be learned from a few little-known details about the Pilgrims who first

CONTINUE READING –>

ECB Head Calls for More Inflation in Europe

In the “Stupid is as Stupid does” category, the European Central Bank President, Mario Draghi, says that Inflation is too low in Europe. He says it’s critical that the ECB act quickly and decisively to raise Inflation.

Forest Gump

I would expect that he didn’t bother asking Europeans buying groceries, and all else they need from their local retail stores, if they agreed that prices should rise more quickly than they have been rising.

This would be funny, except that we Americans are suffering from the same kind of insanity coming out of our Central Bank, the Federal Reserve (FED).

Out of Control EPA

cropped-bob-shapiro.jpg   By Bob Shapiro

The US Environmental Protection Administration (EPA) is out of control. Not content with their Endangerment Finding regulations against the plant food, Carbon Dioxide (CO2), now they’re going after ozone – again.

One particularly pernicious practice that the EPA uses in showing that it is being forced to act, is called Sue and Settle. First, representatives

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On Amnesty & Immigration

cropped-bob-shapiro.jpg   By Bob Shapiro

President Obama has granted a blanket amnesty to millions of people who have crossed our borders illegally. Ted Cruz says that Obama has made it easier for people to come to our country illegally than legally.

While the flood of illegal immigrants is small compared to the number of people coming to our shores 100 years ago, especially as a percentage of the American population, the porous border is a huge problem that must be addressed.

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All 50 states have below freezing temperatures

It used to be called Global Warming. But it’s hard to keep up the alarmism when Americans are freezing their assets off. That helps explain why the name changed a number of years again to Climate Change, and some newer versions.

Keep warm. I’m glad we still have fossil fuels to help keep us warm. It’s not as easy to keep warm by huddling around the solar array.

Watts Up With That?

Meteorologist Tim Buckley of WFMY-TV writes on Facebook:

50_states_freezing

All 50 states have low temperatures BELOW freezing tonight. (Monday night)

Yes, even Hawaii. Tall mountain peaks there regularly get below freezing, and even get snow.

This typically happens a few times during winter, but is very rare this early in the season.

Pretty neat!

The low temperature forecast for tonight shows the cold continuing nationally, with perhaps a second night of below freezing temperatures in all 50 states:

T8_conus[1]

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Lower Oil Prices

cropped-bob-shapiro.jpg   By Bob Shapiro

Oil prices have been falling recently. As with so many things, this creates winners and losers. Consumers of oil & oil products, consumers of oil substitutes, and consumers of goods produced using oil all benefit. The steeper the drop (30% off the most recent high) the greater these consumers benefit.

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American Generosity vs Entitlements

cropped-bob-shapiro.jpg   By Bob Shapiro

Many people doubt the generosity of Americans, especially Americans. They don’t want to depend on the generosity of strangers to provide food for the hungry, shelter for the homeless, medical care for the medically indigent, or education for the poor. For them, if we don’t force all those American versions of Scrooge to cough up tax dollars, those in need won’t be provided for.

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A Dollar Revaluation

cropped-bob-shapiro.jpg   By Bob Shapiro

One of the side effects of a rising CPI is that the value of our money falls. (Duh!)

No, really. The Dollar today can buy what it would have cost 2 cents for in 1913, when the US FED was created. A Penny today can buy… just about nothing. Go into many supermarkets and other stores, and you’ll see a little container with words like, “Leave a penny, take a penny.”

The Penny costs almost double its face value to produce. The metal alone costs about a cent and a third. And, that’s even after the copper

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Prices and the Standard of Living

cropped-bob-shapiro.jpg   By Bob Shapiro

Prices go up, and prices go down.

Winter clothes are in big demand this time of year (as we approach Thanksgiving), so you’ll pay top dollar. Fall clothes are just the opposite as we leave that season, and you’ll find highly discounted prices. Food prices rise and fall with the seasons, and prices for many other items also fluctuate with supply and demand.

That’s the way the Free Market works! As more of an item is demanded by consumers, the price will tend to rise (and vice versa). As more of a

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Non CO2 Climate Model

cropped-bob-shapiro.jpg   By Bob Shapiro

In science, after you observe what is going on in the real world, you may come up with a theory to help explain why what you see actually is happening. Based on your theory, you predict what should happen next. But, your prediction needs to be specific enough for you to be able to tell if your prediction was wrong.

Many times, the theory is very different from existing ideas, and there

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The Expanding World of US Treasury Debt

cropped-bob-shapiro.jpg   By Bob Shapiro

The US National Debt stands at around $18 Trillion. This is well above the annual GDP, and it looks impossible for the US ever to repay its accumulated official debt (let alone agency debt and unfunded liabilities). The US will be defaulting, either by refusing to repay or most likely by continuing to debase the currency through the printing press.

How long the rest of the world will allow this to go on is the big question. We can get a glimmer of an answer by looking at who holds all that Treasury debt. As of August, the FED itself held about $4¼

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China – World Economic Superpower

cropped-bob-shapiro.jpg   By Bob Shapiro

Foreign Policy doesn’t operate in a vacuum. It also depends on the policies of other countries.

China – once backward and secretive – has become a global economic power. Having passed Japan a few years ago, China’s GDP is a close 2nd to the US, but on a Purchasing Power Parity basis, China’s GDP is number one.

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Dollar Competitiveness – Part II

cropped-bob-shapiro.jpg   By Bob Shapiro

We saw yesterday that, although the Dollar has been strong versus the currencies of our trading partners, over the long haul – 60 years – Americans have been savaged by our government’s policies which have caused this fall in the Dollar’s international purchasing power. This fall is on top of the rise in prices domestically – the CPI increases.

Today we look at who wins and who loses by a cheapening Dollar and by the policies which cause it.

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Dollar Competitiveness – Part I

cropped-bob-shapiro.jpg   By Bob Shapiro

The US Dollar has been “strong” on foreign exchange markets for the past six months, with the USD Index having risen from 79 to 88, a gain of almost 11½%. That’s an increase in the value of the Dollars in your pocket (or bank account) compared to the currencies of our major trading partners around the world. If the value of your money could grow at a 23% annual rate year after year, you’d be rich in no time flat.

US Dollar 111614

Alas, this is not the way the world works. The Dollar got down to 79

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Mark Perry AEI   By Mark Perry

Re-Blogged From the American Enterprise Institute

Oil drillers in North Dakota pumped out 1.18 million barrels of oil per day (bpd) in September, setting another new monthly all-time record high for the state’s crude oil production (see blue line in top chart), according to oil production data released this afternoon by North Dakota’s Department of Mineral Resources. September marked the sixth straight month that daily oil production in the Peace Garden State exceeded one million barrels. Another important production milestone was reached in September, as average daily crude oil output from the state’s shale-rich Bakken oil fields topped one million CONTINUE READING –>

More Jobs Through Less Regulation and Bureaucracy

cropped-bob-shapiro.jpg   By Bob Shapiro

The US needs more jobs.

While the headline unemployment rate shows the rate mostly recovered from the depths of the most recent Recession, by adding back in people who have given up hope of finding a job, plus those working part-time but really wanting full-time jobs, it shows US unemployment around 23% – at Great Depression levels.

Unemployment - ShadowStats

New business start-ups are a major source of new jobs, as well as being

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Return to a Sound Money in the US

cropped-bob-shapiro.jpg   By Bob Shapiro

Germany, after World War I, was forced to pay war reparations that it couldn’t afford. In 1921, it paid 2 Billion gold marks, but in 1922 it couldn’t make the payment, but was allowed to pay “in kind” in coal, steel, etc. In 1923, France and Belgium invaded and took over Germany’s industrial Rurh Valley.

Workers went on strike, and the government printed paper money to feed them. Thus began Weimar Germany’s Hyperinflation. From 1922

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Global Warming vs Global Cooling

cropped-bob-shapiro.jpg   By Bob Shapiro

The Sun beats down and warms the Earth.

Except! If the Sun’s rays hit clouds, they are reflected back into space.

But! Water vapor in the sky can’t just condense into clouds. The water vapor needs something to start condensing around. These “condensation nuclei” can be provided from aerosols, like volcanic emissions, salt spray from ocean waves, and fossil fuel burning.

But! There are other natural sources – extra-terrestrial sources – of the condensation nuclei. Danish physicist, Henrik Svensmark, has theorized that Galactic Cosmic Rays (GCR), from the remnants of the

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Switzerland: Vote Yes On Gold Initiative

Alex Merk   By Alex Merk

(Re-Blogged from Gold-Eagle.com)

As the US FED, the Eurozone Central Bank, the Japanese Central Bank, and others print more and more dollars, euros, yen, etc, in an effort to “stimulate” their local economies, through “Beggar-Thy-Neighbor” tactics, the Swiss people have a grand opportunity to halt such monetary insanity in their country. There is a lesson to be learned for the American people: If you can’t end the FED, maybe you can control it at least. -RLS

On November 30th, the Swiss are voting whether to amend their country’s constitution on an initiative entitled ‘Save our Swiss Gold.’ The Swiss gold initiative appears widely misunderstood, both inside and outside of Switzerland. We discuss implications for gold, the Swiss franc and Switzerland as a whole.

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Measuring the Economy

cropped-bob-shapiro.jpg   By Bob Shapiro

Suppose there are three islands, each isolated from the outside world.

On one, each resident grows and makes everything that’s needed or desired all by himself. There is no trade and yet much is produced and consumed.

On the second island, people produce not only for their own use but also to trade with others on the island. Some are better at making some goods, so they concentrate their efforts on those items, and trade

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Top Ten Reasons to Let the Export-Import Bank Expire

Josh Withrow     By Josh Withrow

Re-Blogged from FreedomWorks.org

1. It Has Outlived Its Purpose The Ex-Im Bank was founded 80 years ago by FDR to promote U.S. manufacturing during the Great Depression. Meanwhile, in the 2010s, U.S. exports have been setting record highs – they don’t need government help.

2. It Lets Government Pick Winners and Losers Although Ex-Im claims to pick its recipients in a neutral manner, the reality is that political pressures

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Stock & Metals Market Commentary

(Reposted in Part from “GOLD: Will Bulls Or Bears Prevail?” By Ed Bugos, Nov 6, on Gold-Eagle.com)

The Volcker Fed abandoned the Keynesian ideology that drove Fed policy in the sixties and seventies.  In doing so, interest rates found their market level, malinvestments liquidated, resources reallocated toward productive ends; the rot built up in previous booms was finally allowed to liquidate.  Those are the main factors that led to a somewhat sustainable financial climate for a while.

Importantly, Volcker’s policy was neither a tapering nor a typical tightening. It was far more than that.

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Middle East Policy

cropped-bob-shapiro.jpg   By Bob Shapiro

I had occasion a while back to compare the wars in Afghanistan and Iraq, and our other involvement in the middle east, with the Vietnam era.

  • Both wars cost our country a fortune, both in our riches consumed by the efforts and the loss of life, limbs, psyche, and American soldiers’ time.
  • In both wars, there were corrupt governments which we kept in power. Before we left we knew that when we left, it was a choice between the regime’s collapse or it going over to “the Dark Side.”

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On climate, the Right is right – Global temperature update: the Pause is still 18 years 1 month

Climate Models are crap! For example, they didn’t forecast any chance of a zero global temperature rise during the last 18 years 1 month, which has occurred. Read the analysis below.

Watts Up With That?

By Christopher Monckton of Brenchley

One of the most interesting statistics from the recent mid-terms was the New York Times’ exit poll (Fig. 1), showing that more than two-thirds of “Democrat” voters thought climate change was a serious problem. Five-sixths of Republicans didn’t.

clip_image002

Figure 1. The New York Times’ exit poll showing the partisan divide on climate.

Put this interesting statistic with another interesting statistic: the growth in the CO2 emissions from the burning of fossil fuels. In 1988, the year in which IPeCaC was founded and James Hansen first bleated about the imagined threat of “global warming” before Congress after Senator Tim Wirth had had the air-conditioning turned off in the hearing room, the world emitted 22 million tonnes of CO2 a year.

In 2013, just 25 years later, 35 million tonnes of CO2 were emitted. For all the chatter about the need to cut CO2 emissions, for all…

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Pay Off the National Debt

cropped-bob-shapiro.jpg   By Bob Shapiro

Our leaders in Congress and the White House have been spending, and promising future spending, way beyond our country’s means for generations. Taken together, our overspending, plus off budget agency debt, and plus the current value of unfunded liabilities for entitlement programs is around $225 Trillion.

In previous posts, I’ve suggested ways to phase out the entitlement programs, and their unfunded liabilities. I also have called for a Balanced Budget Amendment, a Budget Dollar Limit Amendment, and

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ENSO Explains Global Temperature Swings

cropped-bob-shapiro.jpg   By Bob Shapiro

The IPCC has use many models to try to predict future global temperatures. To date, these models have done a lousy job, not even being able to predict the past climate fluctuations. Worst of all, the IPCC and the rest of the CAGW Alarmism industry have ignored the numerous natural variation explanations.

One of these lines of thought is ENSO – the El Nino/Southern Oscillation. Let’s look briefly at each of the parts.

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The End of the Petrodollar Matters

cropped-bob-shapiro.jpg  By Bob Shapiro

During the early 1970s, the US made a deal with Saudi Arabia that if they would price their oil exports only in US Dollars, we would guarantee their security. With Saudi help, all other oil exporters were convinced/coerced into pricing their oil only in US Dollars. Thus began the Petrodollar reign.

Petrodollar

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2014 Index of Economic Freedom

cropped-bob-shapiro.jpg   By Bob Shapiro

The Heritage Foundation and The Wall Street Journal look at a series of indicators to help them evaluate an Index of Economic Freedom for each country. These indicators include:

  • Business Freedom
  • Trade Freedom
  • Fiscal Freedom
  • Government Spending
  • Monetary Freedom
  • Investment Freedom
  • Financial Freedom
  • Property Rights
  • Freedom From Corruption
  • Labor Freedom

In the 2014 report, top ranked Hong Kong earned a rating of 90.1,

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Eliminating Waste and Controlling Government Spending

Boccia_Romina  By

Abstract

Waste and inefficiency in the U.S. government are rampant. The federal government does too many things that would be done better by individuals or businesses in the private sector, or by state and local governments, or that should not be done at all. Moreover, unnecessary taxing, spending, and regulating distorts economic activity in numerous ways, leading to less growth and prosperity than if the government refrained from acting outside its proper constitutional domain. Ultimately, succeeding in eliminating waste and controlling government spending requires reducing the size and scope of the federal government.

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Federal Takeover of States’ Rights

cropped-bob-shapiro.jpg   By Bob Shapiro

The 10th Amendment to the US Constitution (part of the Bill of Rights) says, “The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”

This tells us two things:

  1. The federal government is limited in what it can do to the powers that have been delegated to it
  1. The federal government may not usurp the rights of the states or of the people

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