Cap and Trade and Irrationality

There’s a lot of talk now about how the Transocean Deepwater Horizon oil spill in the Gulf may make it easier for Obama to pass ‘cap-and-trade’ legislation. This legislation would cap the amount of pollution that is allowed in America, and then let companies buy and sell the ability to pollute. If your company pollutes … Continue reading

I Never Thought Of That

Sometimes you hear an idea so perfectly formed that you wonder why it’s not already the common wisdom. It seems obvious in retrospect, and yet it’s truth has eluded all but one genius. I found the image on the right on the internet today. I was stunned. This explains everything. Why BP was allowed to … Continue reading

Poll: Was the Deepwater Horizon spill preventable?

There are a lot of negative Nellies out there lamenting the destruction of the Gulf Coast ecosystem. But they should be asking themselves whether the spill was preventable in the first place. Rep. Tom Cole (R-OK) says no: “We probably should have forced BP to mobilize more in the way of vessels. There’s still a … Continue reading

Worst Case Scenario

There’s been a lot of talk lately about the Transocean Deepwater Horizon/BP oil leak in the Gulf of Mexico. From Bloomberg: “The worst-case scenario is Christmas time,” Dan Pickering, the head of research at energy investor Tudor Pickering Holt & Co. in Houston, said. “This process is teaching us to be skeptical of deadlines.” Actually, … Continue reading

A Drop in the Ocean

To tell the truth, I was getting a little worried about the sheer scale of the oil leak in the Gulf of Mexico. After the estimates of how fast oil was gushing into the Gulf were increased by several times, I began to worry that this was going to be a huge environmental catastrophe. After … Continue reading

The Best of Both Worlds

Like I always say: when life gives you lemons — find out whose fault it is and destroy them. Then make lemonade and drink it leisurely over the ruins of your enemies. It occurs to me that there’s a win-win situation possible with offshore drilling. Let’s examine what each side wants, and the solution will … Continue reading

That Good Gulf Gas

Well, it turns out that there’s a lot more oil being spilt in the Gulf than anyone knew. Or, at the very least, than anyone was saying. The story has been that the spill was releasing about 5,000 barrels (210,000 gallons) every day. Those numbers were generated early on by government scientists using a method … Continue reading