CalEPA Studying Ways to Sunset the California Economy

By Ronald Stein – Re-Blogged From Fox and Hounds

Founder and Ambassador for Energy & Infrastructure of PTS Advance, headquartered in Irvine, California

Tuesday, November 12th, 2019

California is about to take one giant step toward following Germany’s failed climate goals which should be a wake-up all for governments everywhere. Yes, you guessed it, our legislatures have authorized CalEPA in the 2019 – 2020 California State budget and Assembly Bill AB 74 to conduct studies and identify strategies to manage the decline of in-state crude oil production and decrease demand and supply of fossil fuel.

Germany tried to step up as a leader on climate change, by phasing out nuclear, and pioneered a system of subsidies for industrial wind and solar that sparked a global boom in manufacturing those technologies. Today, Germany has the highest cost of electricity in the world.

Continue reading

Weekly Climate and Energy News Roundup #385

The Week That Was: November 9, 2019, Brought to You by www.SEPP.org

By Ken Haapala, President, The Science and Environmental Policy Project

Quote of the Week: “It’s a kind of scientific integrity, principle of scientific thought that corresponds to a kind of utter honesty–a kind of leaning over backwards.

You must do the best you can–if you know anything at all wrong, or possibly wrong–to explain it. If you make a theory, for example, and advertise it, or put it out, then you must also put down all the facts that disagree with it, as well as those that agree with it. There is also a more subtle problem. When you have put a lot of ideas together to make an elaborate theory, you want to make sure, when explaining what it fits, that those things it fits are not just the things that gave you the idea for the theory; but that the finished theory makes something else come out right, in addition.”

“In summary, the idea is to try to give all of the information to help others to judge the value of your contribution; not just the information that leads to judgment in one particular direction or another.” – Richard Feynman, Cargo Cult Science

Number of the Week: Down 66%. From 1.9 billion to 650 million.

The Buck Stops Here: President Harry Truman (1945 to 1953) was not well liked by the eastern political establishment, either Republican or Democrat. He was considered ill-educated, crude, and ill-suited for the job. Yet he was well read in history. He was ill-prepared for assuming office on April 12, 1945 because President Roosevelt hid his illness and did not include Truman in important discussions.

Continue reading

Targeting nGDP

By Keith Weiner – Re-Blogged From Gold Eagle

Not too long ago, we wrote about the so called Modern Monetary so called Theory (MMT). It is not modern, and it is not a theory. We called it a cargo cult. You’d think that everyone would know that donning fake headphones made of coconut shells, and waving tiki torches will not summon airplanes loaded with cargo. At least the people who believe in this have the excuse of being illiterate.

You’d think that everyone would know that printing fake money and waving bogus theories around will not create new wealth. The excuse is that so called the wealth effect is so pleasant. Like drugs provide a happiness effect.

There is an old joke about a guy who talks to a psychologist about his crazy brother.
The guys says, “Doc, my brother thinks he’s a chicken.”
The psychologist says, “You should make sure he gets therapy for this delusion.”

“I would, but the eggs are good!”

Continue reading

Impoverished Island Nation Embraces Coal

By Eric Worrall – Re-Blogged From WUWT

Squatters from the Highlands living at Six-Mile Rubbish Tip in Port Moresby. Stephen Codrington [CC BY 2.5], via Wikimedia Commons

Continue reading

Carbon Taxes Increase the Risk of Food Insecurity, Worse than Climate Change

By Eric Worrall – Re-Blogged From WUWT 

Who would have guessed that raising the cost of energy with regressive carbon taxes would harm a vital, low margin energy intensive economic activity?

Climate taxes on agriculture could lead to more food insecurity than climate change itself

  • Date:July 30, 2018
  • Source:International Institute for Applied Systems Analysis
  • Summary:New research has found that a single climate mitigation scheme applied to all sectors, such as a global carbon tax, could have a serious impact on agriculture and result in far more widespread hunger and food insecurity than the direct impacts of climate change. Smarter, inclusive policies are necessary instead.

An Indian farmer walks with his hungry cow through a parched paddy field in Agartala, capital city of India’s northeastern state of Tripura, March 10, 2005. REUTERS/Jayanta Dey

Continue reading

High Minimum Wage Laws INCREASE Poverty Among the Already-Poor

By Kaylee McGhee – Re-Blogged From Liberty Headlines

‘Each $1 increase in the minimum wage has…increased poverty rates and the receipt of public assistance…’

Labor Force Participation Still Well Below Pre-Recession Levels

Photo by jronaldlee

(Kaylee McGhee, Liberty Headlines) Anti-poverty initiatives, like higher minimum wage laws and heftier welfare programs, have actually hurt poor and disadvantaged communities, according to a new studyby the Employment Policies Institute.

University of California, Irvine economists David Neumark and Brittany Bass, and Brian Asquith of the National Bureau of Economic Research, studied the long-term effects of these programs in struggling neighborhoods, looking at how minimum wage and welfare policies have impacted poverty rates over the past three decades.

They found that rather than improving impoverished communities — as they are designed to do — these policies have hurt poor areas.

“Neither a higher minimum wage nor more-generous welfare benefits have reduced poverty rates in the country’s most-disadvantaged neighborhoods. In fact, the authors find some evidence that poverty rates and the share of residents on public assistance have increased alongside a rising minimum wage,” the study reads.

The researchers said they found that the most common long-term outcome of higher welfare benefits was increased poverty and a higher number of people receiving public assistance.

“To put this in practical terms, it means that each $1 increase in the minimum wage has, in disadvantaged neighborhoods over the past three decades, increased poverty rates and the receipt of public assistance by roughly three percent,” the researchers wrote.

This study raises important questions about the effectiveness of the poverty-reduction programs leftist politicos tout.

“These findings cast serious doubt on whether the normal poverty-reduction policies — minimum wages and welfare programs — actually contribute to increased employment, reduced poverty, and higher household earnings,” the EPI wrote. “Indeed, this study should give pause to any level of government interested continuing or expanding such policies.”

CONTINUE READING –>