Friday, May 3, 2013

Free Market Energy Policies Can End Economic Malaise - OpEd ...


Published: May 1, 2013

By Albany Tribune

Non-comprehensive, none-of-the-below, Washington-dictated energy policies guarantee decline

By Craig Rucker

?We can?t have an energy strategy that traps us in the past,? President Obama proclaimed in March 2012. ?We need an energy strategy for the future ? an all-of-the-above strategy for the Twenty-First Century that develops every source of American-made energy.?

At first blush, this sounds like common sense.?The US economy and lifestyle ?depend on inexpensive and plentiful energy,? the Congressional Research Service noted in a 2005 report, but people tend to forget this until world events cause gasoline prices to spike. Then Washington reacts, CRS continued ? passing the Energy Policy Acts of 1992, 2005 and 2007. However, the US still does not have a ?comprehensive long-term energy policy? that balances increasing supply with conservation and defines the proper interplay between government and market forces.

Forty years ago, President Nixon announced ?Project Independence,? in response to the 1973 oil cutoff by Middle East and other OPEC nations, with the goal of ensuring that ?Americans will not have to rely on any source of energy beyond our own.?? His broad-based strategy begat the trans-Alaska pipeline (to get North Slope oil to Lower 48 markets), expanded onshore and offshore oil drilling, an all-of-the-above strategy for electric power generation that brought lignite mining and natural gas into prominence, and a host of conservation measures, including 55-mph speed limits.

President Carter brought very different thinking to Washington ? policies that many believe led to declining US oil and gas production and economic ?malaise.? President Reagan reversed Carter, but his successors, Congress, courts, environmental activists, regulatory agencies and disparate corporate interests launched American energy policies on a roller coaster ride. This history helps explain why comprehensive long-term energy policies and strategies are less logical and desirable than at first blush.

The term itself suggests policies devised and dictated by Washington, DC politicians, bureaucrats, lobbyists and pressure groups ? many of whom have no real knowledge of or hands-on experience with energy, economics, science, technology, business or job creation.

In too many cases, the policies, strategies, laws, programs and regulations are crafted to promote specific ideologies, benefit companies and organizations with the best lobbyists, and secure tax breaks, subsidies and preferential treatment for political cronies, campaign contributors and politically correct ideas.

?All of the above? too often means all of the above ground and little or nothing below the Earth?s surface: wind, solar, biofuels and wood, for example ? but little or no oil, gas, coal or uranium. In fact, more than any other in history, the Obama administration is using its executive powers to delay, obstruct, hyper-regulate, penalize and bankrupt the proven energy that is the foundation of modern living standards.

Similarly, the notion that proven energy strategies ?trap us in the past? fails to recognize that ?past? energy technologies (oil, gas, coal, nuclear and hydroelectric) actually provide 94% of the energy that powers America today; are abundant, reliable and affordable; and represent a monumental improvement over the wind, solar, wood, dung and water wheel power that feebly energized mankind for millennia.

Suggesting that we can abandon these vital 94% energy sources ? in favor of new variations on antique technologies that Mr. Obama promotes as energy of ?the future? ? ignores the fact that these politically correct sources are expensive, intermittent, heavily subsidized and wholly dependent on fossil fuels. Moreover, any honest and meaningful cradle-to-grave analysis of wind, solar and biofuel energy reveals that these PC sources are land- and resource-intensive, environmentally damaging, and unsustainable.

The ?comprehensive long-term energy policies and strategies? slogan also ignores where the real progress of recent years has been made: in the private sector, especially the petroleum industry, where revolutionary horizontal drilling and hydraulic fracturing technologies have unlocked centuries of oil and natural gas worldwide. In fact, ?fracking? on state and private lands has sent US petroleum production to new heights ? even as Washington politics and policies have ensured that production from federally owned and controlled onshore and offshore lands continues to decline.

Hydrocarbon, hydroelectric and nuclear have undeniable problems: oil spills, air and water pollution, radiation and accidents. But laws, regulations, technologies and greater corporate responsibility have greatly reduced their frequency and severity ? and errors are quickly and severely punished.

By contrast, human health and environmental impacts associated with wind, solar and biofuel energy are routinely and systematically ignored, and almost never punished. The slaughter of millions of birds and bats annually by US wind turbines is a case in point, and when the impacts are considered in the context of the minimal energy produced via these ?renewable? technologies, the damage is especially egregious.

These ?alternative? technologies ALSO require perpetual subsidies, taken from hardworking taxpayers and productive sectors of our economy, and given to crony corporatists whose schemes slide repeatedly into bankruptcy. They employ rare earth metals and other raw materials that require vast amounts of fossil fuels, monumental earth removal and widespread land degradation ? to build and operate facilities whose energy is so expensive it kills 2-4 jobs for every ?green? job created, drives families deeper into poverty, and impairs human health and welfare.

Forty years ago, President Nixon actually sought to develop and utilize ?all of the above? energy ? every practical source on every list. Today, amid an anemic economy and joblessness far worse than official government figures admit, President Obama balks at approving the Keystone XL pipeline, cancels leasing and drilling on federal lands, tells our budget-sequestered military to buy $26 to $67-per-gallon ship and jet fuel, punishes refineries for not buying cellulosic ethanol that doesn?t exist, and happily lets EPA shut down coal-fired power plants and kill countless thousands of mining, utility and other jobs.

Thoughtful Americans find little comfort in these policies. Twelve million still cannot find work in this moribund, DC-dictated economy. Red-state Democrats like Joe Manchin (D-WV), Mark Begich (D-AK) and Mary Landrieu (D-LA) tremble at the prospect of facing voters in 2014.?And outrage is properly growing over the massive failures of wind, solar and biofuel startups whose executives (mostly Obama and Democrat campaign angels) skimmed millions of tax dollars for themselves but let their companies go bankrupt and their employees go on unemployment and welfare rolls.

And still President Obama and his minions push for punitive carbon dioxide regulations and carbon taxes, while the European carbon market collapses, EU jobs head to China and India, and thousands die of hypothermia in England. The European emissions trading system is ?below junk status,? according to The Economist, and the collapse has been felt as far away as Australia, whose political leaders prepare to reap the whirlwind of carbon taxes that are now 5.5 times higher than in Europe. Is this America?s ?future??

Will ideology continue to trump sanity in the Obama energy and climate policy arenas??The President is putting all his eggs in the basket of ?hope? that Democrats will ?change? the House leadership and extend their Senate majority in 2014.?He has shown little desire to compromise on energy and climate change.

America does not need ?comprehensive? energy policies devised and dictated by Washington. It needs policies that unlock our creative genius and allow free enterprise and private sector innovators to operate on a level playing field ? one that applies the same reasonable, responsible environmental, endangered species, tax, subsidy and other laws and standards to all companies, investors and energy technologies.

We need simple laws and policies that let our ultimate energy resource (our creative intellect) work ? without ideologues, pressure groups and regulators promoting failed, subsidized energy schemes, while continuing to block affordable, dependable energy that actually creates jobs and generates revenues.

Craig Rucker is executive director of the Committee For A Constructive Tomorrow (www.CFACT.org)

Source: http://www.albanytribune.com/01052013-free-market-energy-policies-can-end-economic-malaise-oped/

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Paul Ryan gay adoption: Is his support a big deal?

Paul Ryan: Gay adoption is an idea he now supports, although the former GOP VP candidate still opposes gay marriage. His change of heart is another indication that the political ground on gay rights is shifting rapidly in the US.

By Peter Grier,?Staff writer / May 1, 2013

House Budget Committee Chairman Rep. Paul Ryan (R) of Wisconsin is seen on Capitol Hill in Washington, in March. Ryan said he now supports the right of same-sex couples to adopt children, however he still opposes gay marriage.

J. Scott Applewhite/AP/File

Enlarge

On Monday, former GOP VP candidate Paul Ryan said he now supports the right of same-sex couples to adopt children. Representative Ryan added that he still opposes gay marriage, however.

Skip to next paragraph Peter Grier

Washington Editor

Peter Grier is The Christian Science Monitor's Washington editor. In this capacity, he helps direct coverage for the paper on most news events in the nation's capital.

Recent posts

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The forum was a town-hall meeting in his home state of Wisconsin. Asked a question on gay rights, Ryan said that in 1999 or 2000, he had voted against allowing adoptions by same-sex couples in the District of Columbia, but that he?d be a ?yea? on that issue if it came up today.

?I do believe that if there are children who are orphans who do not have a loving person or couple ? I think if a person wants to love and raise a child, they ought to be able to do that. Period. I would vote that way. I do believe marriage is between a man and a woman; we just respectfully disagree on that issue,? Ryan said.

The Wisconsin lawmaker elaborated a bit on this position in remarks to a local television reporter, saying he?d felt that way for years, but he?s never talked about it publicly. He gave no indication if a defining moment or event caused the change of heart.

Is this a big deal? Well, it?s a medium-sized deal, at least ? one more indication that the political ground on gay rights is shifting rapidly in the United States. Coming after Sen. Rob Portman (R) of Ohio announced that he now supports same-sex marriage, in part because he has a gay son, Ryan?s announcement shows that even fiscally conservative former national-ticket candidates now feel they must make some sort of accommodation to the growing social acceptance of gays in the US.

After all, 61 percent of respondents to a December 2012 Gallup poll said they were in favor of gay couples having adoption rights. And the trend line is moving in a more tolerant direction: In another 2012 Gallup survey, 36 percent of Americans said they've become more accepting of same-sex marriage over the course of their lifetimes.

This is something any politician with national ambitions will have to take into account. And Ryan is widely thought to harbor at least thoughts about a 2106 race for the Oval Office.

If so, he may still have some way to go to attract significant same-sex support. As Rebecca Leber and Zack Ford note at the liberal-leaning ThinkProgress website, Ryan currently has a ?zero? rating on gay rights from the Human Rights Campaign.

He supported the Defense of Marriage Act (signed into law by President Clinton in 1996) and opposed the repeal of the Pentagon?s ?don?t ask, don?t tell? policy regarding gay service members.

As Ms. Leber and Mr. Ford note, Ryan may now get further press on the same-sex marriage front. One of the main arguments of gay-marriage opponents is that children are better off with different-sex parents.

?Now it seems he supports allowing same-sex families to raise children, but he still opposes providing those families with the same legal protections afforded to opposite-sex parents,? according to ThinkProgress.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/TViJPXPr_YM/Paul-Ryan-gay-adoption-Is-his-support-a-big-deal

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Thursday, May 2, 2013

ECB set for rate cut as inflation falls sharply

By Eva Kuehnen

FRANKFURT (Reuters) - The European Central Bank is expected to cut its main interest rate for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling inflation

Economic data over the past weeks since ECB President Mario Draghi said the bank stood ready to act if necessary has shown growth prospects darkening.

Unemployment hit a record high in April. Inflation had its biggest monthly drop more than four years, to 1.2 percent, well below the banks target of 2 percent or slightly below.

"If the ECB does hold fire on interest rates next Thursday, it is very likely only delaying the inevitable," said Howard Archer, European economist at IHS Global Insight.

ECB Vice-President Vitor Constancio last week said there was still room to cut interest rates, reiterating the bank's readiness to act should the economy deteriorate further, which he said had been unfortunately the case.

A Reuters poll of 76 economists taken last week - before the inflation data - saw a slim majority forecasting a 25-basis point cut from the current 0.75 percent, while only half of the 22 euro money market dealers polled by Reuters expect such a step.

But the economic impact is questionable and not everybody is in favor of another cut. German Chancellor Angela Merkel said last week the ECB would have to raise interest rates if it were looking at Germany alone.

German insurers and the county's dominant savings and cooperative banking sector have also joined up to speak out against looser ECB monetary policy, saying it would have little economic impact and undermined savings needed to protect the country's rapidly ageing population.

The euro zone periphery countries take the opposite view.

"Mr Draghi has been very good with words since the summer, but now it is really time to deliver accommodative policy in the periphery of the euro area," said Anna Maria Grimaldi, European economist at Italian bank Intesa Sanpaolo. She sees a potential for the ECB to cut rates by 50 basis points on Thursday.

SMALL COMPANIES, BIG PROBLEM

The euro zone's south is not benefiting to the same extent as the north from ultra-low rates. Banks there are charging companies and households more for loans than their peers in the north because of higher funding costs and credit risks.

The ECB has repeatedly voiced its concern about the impact this has on lending to small- and medium-sized enterprises (SMEs), which have little alternative to bank funding and are a key engine for growth in the currency bloc.

It has said it is studying options to address the problem, but little is expected to be decided at Thursday's policy meeting that is taking place in Bratislava. It is one out of two policy meetings the ECB holds outside of Frankfurt each year.

"We suspect that the ECB will avoid making any formal statement on a potential SME program ... as it continues to weigh the pros and cons of such measures," said Frederik Ducrozet, senior euro zone economist at Cr?dit Agricole CIB.

(Reporting by Eva Kuehnen, additional reporting Jonathan Gould. Editing by Jeremy Gaunt.)

Source: http://news.yahoo.com/ecb-set-rate-cut-inflation-falls-sharply-000811779.html

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Eternal flame at JFK grave undergoing repairs

ARLINGTON, Va. (AP) ? The eternal flame at the gravesite of former President John F. Kennedy is undergoing repairs at Arlington National Cemetery.

Before the repairs began, workers used a torch Monday to carry the flame and pass it to a temporary burner that will be visible to tourists at the site while work is underway.

Cemetery officials say the work will take about three weeks and should be completed by late May, when the flame will be passed back to the original site.

A temporary flame was used from the time of Kennedy's November 1963 funeral until the permanent flame was established in 1967. Officials said repairs are needed after more than four decades of use and will include new gas lines and more efficient burners.

Source: http://news.yahoo.com/eternal-flame-jfk-gravesite-undergoing-repairs-162604202.html

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Wednesday, May 1, 2013

'MythBusters' tackles 'the one that got away'

TV

6 hours ago

"MythBusters" is back for an all-new season Wednesday night, and it's a special occasion. The show is turning 10!

According to a press release, over the last decade, the Busters have "tested 885 myths, filmed over 7200 hours, created 815 explosions and used 43,500 yards of duct tape." Still, hosts Jamie Hyneman and Adam Savage aren't quite satisfied.

So, to celebrate their big anniversary, they've decided go back and tackle a test they call "the one that got away."

"It's the urban legend that began the busting," a narrator reveals in a preview exclusive to TODAY.com. "Supposedly, an airman strapped a jet-assisted takeoff unit (JATO) to his Impala, and rocketed across the dessert at 350 miles per hour. But when he hit a bump, his car took to the air and soared for over a mile, until a cliff brought his journey to an abrupt end."

Actually, it's a myth that "got away" from them twice -- once, when they attempted recreate the stunt on the show's pilot episode in 2003, and once again, in 2007. Now it's time for another attempt to get airborne.

For this one, Hyneman and Savage are bringing in the Build Team -- Grant Imahara, Tory Belleci and Kari Byron -- to lend a hand.

"We do two launches," Savage informs the group in the above clip. "The first one is the original myth, as stated: Get a Chevy Impala, strap a reliable set of rockets to it, light them up and aim it towards a bump in the road."

The second launch?

"We up the rocket power, and we add a ramp," Byron grinned.

See how it all works out this time when the "Mythbusters" season premiere airs May 1 at 9 p.m. on Discovery.

Source: http://www.today.com/entertainment/mythbusters-preview-10-years-later-busters-go-back-beginning-6C9690378

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Man turns tables on shotgun-wielding attacker

BERLIN, April 29 (Reuters) - Barcelona will try every trick in the book to overturn a 4-0 first-leg deficit against Bayern Munich in their Champions League semi-final return leg on Wednesday, honorary Bayern president Franz Beckenbauer warned on Monday. Bayern crushed the Spaniards last week in a surprisingly one-sided encounter but Beckenbauer, former player, coach and president of Germany's most successful club, warned that Barcelona were not ready to surrender. "Barca will try everything to throw Bayern off balance," he told Bild newspaper. ...

Source: http://news.yahoo.com/blogs/sideshow/man-turns-tables-shotgun-wielding-attacker-141851442.html

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Invasive predator fish that can live out of water for days to be hunted in Central Park

By Tracie Strahan, NBCNewYork.com

Environmental officials are planning to survey a Central Park lake this week to search for an invasive type of toothy predator fish that threatens to disrupt the ecosystem.

The northern snakehead fish, native to China, Russia and Korea, has been spotted in Queens in recent years, and one was quietly observed in Harlem Meer several years ago.

The fish eats frogs and crayfish and has the ability to breathe air and live for days out of water in certain conditions.

It is so disruptive that the state prohibits possession, sale and transport of the live fish and its eggs.

Read more from NBCNewYork.com

Signs have recently gone up around the Harlem Meer warning anyone who catches one not to throw it back.

The signs warn anglers to "secure the fish" and "keep it in a secure container until it is picked up by officials."

If park officials cannot be found at the boathouse, the sign urges anyone with a snakehead fish to call 311 and report the catch.

The sign is "just to let people know that this fish is in there, if you find it please do not return it to the water and it also helps people become aware that there are things in the water that should not be there," said Melissa Cohen, Department of Environmental Conservation fisheries manager.

The man-made lake is located in Central Park's northeast corner between 106th and 110th streets.

Related:

'A slick mess': Slimy, giant snails invade South Florida

US moves to curb invading species hitching rides on ships

Source: http://feeds.nbcnews.com/c/35002/f/653381/s/2b56a4fe/l/0Lusnews0Bnbcnews0N0C0Inews0C20A130C0A40C30A0C17980A6990Einvasive0Epredator0Efish0Ethat0Ecan0Elive0Eout0Eof0Ewater0Efor0Edays0Eto0Ebe0Ehunted0Ein0Ecentral0Epark0Dlite/story01.htm

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