Posted tagged ‘CO2 Emissions Dropping Because of Fracking’

Must reads For The Week 6/3/17

June 3, 2017

WE BID ‘ADIEU’ TO THE PARIS CLIMATE AGREEMENT

President Trump Announces US Withdrawal From The Paris Climate Accord, at zerohedge.com. Jerry Brown, Bill DeBlasio, Al Gore, Bernie Sanders, and Barack Obama respond to Trump pulling out of the Paris Climate Accord. If these five are for the Paris climate agreement, it must be nothing more than a socialist scheme for redistributing US tax payer money to the rest of the world. This agreement fits the world view of these gentlemen. Getting out doesn’t.

Obama Responds To Trump’s Withdrawal From Paris Climate Agreement, at zerohedge.com. First let me say this. President Obama. Since you didn’t send this treaty to the Senate for ratification, you had to know that the next President could get us out of this ‘agreement’  just as easily as you got us in to it.

Now here is what the former President said in his statement: “….the private sector already chose a low-carbon future. And for Nations that committed themselves to that future, the Paris Agreement opened the floodgates for businesses, scientists, and engineers to unleash high-tech, low-carbon investment and innovation on an unprecedented scale.”

Mr. President. The private sector didn’t choose “a low-carbon future”. Government ‘invested’ in green energy because the private sector wasn’t. The private sector doesn’t invest in technology that isn’t productive. Government ‘investment’ is nothing more than Politicians using taxpayer money to subsidize a non productive activity they think is a good idea (which means it fits their socialist world view). Once government money was available for the taking, crony capitalists, like Elon Musk and Jeffry Immelt, got in line for their share of tax payer dollars. Crony capitalist companies chose unproductive activities that were “made profitable” by tax payer dollars (Read-The Hidden High Cost Of Green Energy). So of course they’re against the US getting out of the Paris Agreement.

More from the former President: “…But even in the absence of American leadership……I’m confident that our states, cities, and businesses will step up and do even more to lead the way, and help protect for future generations the one planet we’ve got.”

First. It is OK if states, cities, and businesses want to freely choose this course of action. As long as they aren’t forced by the Federal Government or subsidized by the Federal Government.

Second. Getting out of the Paris Agreement is not the absence of American leadership. Getting out is American leadership. Leadership in America doesn’t come from political decrees. It comes from individuals coming up with new and better ways of producing output. A perfect example of American leadership is fracking. Fracking has broken the OPEC cartel because of the increased supply of oil. It has also helped lower US CO2 emissions because it has made natural gas so inexpensive that power plants are using natural gas instead of coal to produce electricity (If the purpose of the Paris Agreement was to lower carbon emissions they should be celebrating what fracking has accomplished). Here is an excerpt from an article I wrote titled; “Free Market Fracking Trumps Government Solutions When It Comes To Producing Energy.”

Market forces are more powerful than the hoped for results of central planners. The most recent example of this is the boom in oil and natural gas production, created by hydraulic fracturing [ fracking], which is taking place on private land in spite of Government policies. Our politicians shut down some Government lands to oil exploration, and made the process of getting permits for exploration on remaining lands more time-consuming [costlier]. They used their power, and our tax dollars, to promote and invest in, “green energy”. Green energy was going to create new jobs and lead our economy into the future; do you remember Van Jones the Green Jobs Tzar. As always, the plans by our best and brightest politicians, must be obedient to economic forces. Green energy has, and is, going bankrupt, in spite of being propped up by Government. Government tried to make carbon based fuels more expensive through regulation, and green energy more affordable through tax payer subsidies; And with all this Government intervention, the economic reality that green energy produces less energy at a higher cost, and carbon based fuel produces more energy at a lower cost, can’t be overcome.”

Elon Musk Leaving Trump Advisory Councils following Paris Agreement Withdrawal, at techcrunch.com. Having crony capitalist Elon Musk on a Government advisory council is like having the fox advising the farmer on how to make the hen-house more secure. (Read Here – Gov. Subsidies Helped Musk Attain $13.3 Billion Net Worth)

Studying The Climate Doesn’t Make You An Expert On Economics And Politics, by Ryan McMaken, at mises.org. Excerpt from the article: “…the Paris Climate Agreement isn’t a scientific study. It’s a political document that lays out a specific public-policy agenda…..to people who know nothing about economics or political institutions – public policy is like a magic trick. A group of politicians get together, declare that they’re going to solve problem X, and then problem X is magically solved, so long as everyone supports the “solution”…….what if the cure is worse than the disease?

THE REST OF THE MUST READS

To Lower Healthcare Costs, Try Freedom, by Julian Adorney, at mises.org. Quote from above. “Market forces are more powerful than the hoped for results of central planners.

The ‘Logic’ Of Protectionism Leads To An Absurd Conclusion: total Economic Self-Sufficiency At the Individual Level, by Mark J. Perry, at carpediemblog. Free trade increases wealth. Mercantilist protectionism decreases wealth.

Why Do Half-Measures Work For Markets, But Not for Socialism? by Ryan McMaken, at mises.org. Even as Venezuela fails as it adopts more socialist solutions, true believers say it isn’t true socialism. When a socialist country adopts some market solutions it helps lift more of their people out of poverty.

Auto Bloodbath: Lowest Domestic Auto Sales In Three Years Despite Record Inventories and Incentives, at zerohedge.com. Is the auto bubble about to burst?

Spying On You, Spying On Me, Spying On The President, by Andrew Napolitano, at lewrockwell.com. Once you  allow government surveillance outside of our fourth amendment rights. It is almost impossible to recapture the pit bull of government you let off the chain.

Voter Fraud? 5,500 Non-Citizens Discovered On Virginia’s Voting Rolls, at zerohedge.com. Now this is how you break the law to influence the election!

CARTOONS

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Must Reads For The Week 8/27/16

August 26, 2016

Louisiana, Private Disaster Relief Outperforms Government, at valuewalk.com. People with privately owned boats calling themselves the Cajun Navy rescued people from the recent flooding in Baton Rouge. They used phone apps and Facebook to find people needing help. What was Louisiana’s State government response? Louisiana Lawmaker Wants To Subject The Cajun Navy To Government Red Tape, Regulations, And Fees, at carpediemblog. Does this surprise anyone? Although the State Senator clarified his original statement, we all know that government intervention starts with good intentions and ends up with bad consequences. How did the Federal Government respond to the crisis? The Obama Administration Gives Louisiana Flood Victims An Anti-Discrimination Lecture, at thehayride.com. The Justice Departments guidance “highlights the importance of complying with nondiscrimination requirements of civil rights statutes, addressing the needs of the whole community, and ensuring equal opportunity to access recovery efforts..” This kind of nonsense is more important to bureaucrats than actually doing the hard work of helping with the recovery. Hey! Here’s the best policy for Government. Get out-of-the-way. Quit making it harder for the people who are actually getting something done.

Massachusetts To Tax Ride-Sharing Apps, Give The Money To Taxis, at reuters.com. This is an example of government officials trying to overturn the decisions made freely by millions of consumers in the market. Bureaucrats only like free market results when these results agree with what the bureaucrats think the results should be. Massachusetts is going to levy a 20 cents tax on each ride given by Uber Lyft and other ride-sharing apps. 5 cents will go to the taxi industry as a subsidy. Excerpt from the article: “The law says the money will help taxi businesses to adopt “New technologies and advanced service, safety and operational capabilities” and to support workforce development.” In order to compete with the new ride-sharing technology, wouldn’t you think the taxi industry should have been doing this already? Is the taxi cartel like the post office? With Uber and Lyft playing the role of FedEx and UPS. If they can’t compete without taxpayer-funded subsidies, either get better or go out of business. To all the young people who think socialism is a great idea. What do you think of this socialist central planning scheme?

Clinton Foundation To Restrict Foreign Donations If Hillary Gets Elected, at washingtonpost.com. Why would it be bad to accept foreign money if you’re the President, but fine to accept it when you’re the Secretary of State? This is like closing the barn door after the horse has gotten out. Since the Clinton Foundation is a money laundering operation, don’t you think the foundation will find ways to launder this foreign money even if Hillary wins?

I Thought Charities Were Supposed To Give, at theburningplatform.com. The Clinton Foundation takes in $177 million of which $135 million is cash contributions. They give out a little over $5 million in grants, assistance, and gifts. That’s 2.9% of what they take in. Look at all the other expenses. Whose pockets are getting lined with the rest of the money?

FBI Admits Clinton Used Software Designed To Prevent Recovery And Hide Traces Of Deleted EMails, at zerohedge.com. FBI says Clinton used BleachBit to erase the emails on her private server. From the article: BleachBit (click here) is software designed to help the user delete files in a way to ‘prevent recovery’ and ‘hide traces of files deleted’.” Remember, she just wanted to get rid of yoga classes and wedding plans.

Rigged: Virginia Governor And Clinton Crony Terry McAuliffe, Restores Voting Rights To 13,000 Felons, at tammybruce.com. McAuliffe originally tried to restore voting rights to over 200,000 felons. This attempt was shot down last month by the state supreme court. But like the Terminator he is back. Do you think that McAuliffe would be this persistent in his efforts to “right a perceived wrong” if this bloc of voters voted for Republicans?

Top 25 Corporate Pension Plans Alone Are Underfunded By Over $225 Billion, at zerohedge.com. Add this to the insolvency of social security and you tell me; who is going to pay for the over consumption of the last 15 years that was caused by money printing? That’s right the people who produced real value during that time period.

State University Now Offers ‘Stop White People’ Training, at zerohedge.com. Excerpt from the article: “They state their purpose is to “help others take the next step in understanding diversity, privilege, and the society we function within,” Presumably the “white” society they plan to “stop” at the event.” No comment necessary!

Heroic University Of Chicago To Incoming Students: We Do Not Support Safe Spaces And Trigger Warnings, at targetliberty.com. Excerpt from the article: “Our commitment to academic freedom means that we do not support so-called ‘trigger warnings,’ we do not cancel invited speakers because their topics might prove controversial, and we do not condone the creation  of intellectual ‘safe spaces’ where individuals can retreat from ideas and perspectives at odds with their own.” At last some sanity in this world! Do you think the University found courage because alumni said they would not donate anymore if the university went down the trigger warning road? I’m just asking. I don’t know.

Obama Energy Secretary: Fracking Is Good For The Environment, by Bre Payton, at thefederalist.com. The crazy environmentalists have to be going out of their minds over this. Natural gas from fracking is replacing coal in the production of electricity. ‘Greenhouse gas emissions’ have been reduced by 20%. Environmentalists should be thrilled. The free market is reducing CO2 levels. Here is their conundrum.  They hate fossil fuels and free markets but they love lower CO2 levels. If their green energy policies can’t get credit for the drop in CO2 emission, they would prefer not talking about the emissions dropping at all.

As Predicted Obamacare Is Killing The Middle Class, at zerohedge.com. Remember what we said last week. Obamacare is working exactly as planned. It was supposed to fail. It was intended to be the next step toward a government run single payer healthcare system.

CARTOONS: For more from  theburningplatform.com. (click here)

Political Cartoons by Henry Payne

Political Cartoons by Chip Bok

Political Cartoons by Henry Payne