No Better Time to Slay Ethanol Beast
There is nothing that exemplifies the feckless and deleterious effects of government intervention in private enterprise more than the Renewable Fuels Standard. Using the boot of government to mandate that private enterprise use an inefficient product of a special interest to the detriment of consumers and job creators is the worst form of tyranny. James Madison is rolling over in his grave. Yet, much like | Read More »
A Pork Stuffed Farm Bill and the Tyranny of Big Corn
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Tom Pyle to discuss the farm bills working through Congress, the pork stuffed farm bill working its way through Congress, why green energy isn’t as green as it sounds and how ethanol is driving your food prices up and your car’s gas mileage down.
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Rising Food Costs Force McDonald’s to Nix the Dollar Menu
On today’s edition of Coffee and Markets, Brad Jackson is joined by Scott Lincicome to discuss McDonald’s nixing the Dollar Menu, how rising food costs contributed to that decision and why you pay nearly twice as much for staples like milk, butter and sugar than our friends overseas.
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I… do not care if the Iowa GOP is unhappy that it may lose influence in the 2016 election.
You should have seen what I wrote originally. Swear words were involved. Anyway, Iowa’s worried that it may not have the influence that it once had over the Republican primaries: On the surface, Iowa’s Republican presidential caucuses seem healthier than ever: would-be candidates are flocking here mere months after the last White House race ended, drawing sizable crowds and ample news coverage. Senator Ted Cruz | Read More »
Energy Week in Review
Headlines and commentary for the week ending March 15, 2013.
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Thank Bipartisan Committee Work for Corporate Welfare in Tax Bill
Throughout the tax debate, we heard righteous indignation from both parties regarding the need to close up special interest loopholes in the tax code. Yet the special interest loopholes were the only items preserved in the cliff tax bill. The entire package of over $40 billion in corporate subsidies and green social engineering was taken from a Senate Finance Committee Bill, which unfortunately, was supported | Read More »
The Military is Not the Place for Green Social Engineering
Morale for our soldiers is the lowest it’s been in decades. Instead of providing our troops with the best equipment and a decisive mission, we are sullying them with egregious rules of engagement, the homosexual agenda, sensitivity training, and other social engineering activities. There is one more burden that Obama has added to their list of problems; green energy mobiles! One of the most preposterous | Read More »
Obama’s EPA Continues Handouts for Rich Ethanol Farmers on the Backs of Consumers
Nothing exemplifies the failure of Republicans to communicate more than the exit polling data regarding the public’s perception of the cost of living. A whopping 37% of voters selected ‘rising prices’ as their most important issue in the election, yet amazingly, they split their votes evenly between Romney and Obama. Hence, the arsonist behind the high prices for food, fuel, healthcare, and every other vital | Read More »
Voters Want Less Government. Will GOP Communicate to Them?
Amidst the torrent of polling data on an array of political races and policy issues, it is easy to lose focus on the central point of contention in today’s world of politics. The fundamental disagreement between the right and the left is over the proper role of government. The left feels that government should control virtually every aspect of our economy and our lives – | Read More »
Romney Must Cease and Desist From Ethanol Mandate
Earlier today, Mitt Romney unveiled his comprehensive energy plan he will pursue as president. Energy policy provides Republicans with their most potent weapon against Obama in this campaign. Nothing emblematizes Obama’s socialist, anti-prosperity style of governance more than his destructive energy policy compromised of a “none-of-the-above” approach. Well, none of the above except for green energy. To that end, Romney’s biggest ace in the hole | Read More »
The Ethanol Chickens Come Home to Roost
After a year full of victories for big government legislation in Congress, the forces of statism seemed to have met their Waterloo with the farm/food stamp bill. The more people learned of the profligate food stamp spending and the market distorting, risk-inducing agriculture programs contained in the bill, the more they spoke out against this monstrosity. Speaker Boehner has refused to bring the bill to | Read More »
EPA Mandates Use of Nonexistent Fuel Blend
It’s bad enough that government regulations and environmental legal defense groups have prevented us from building oil refineries for over 30 years. It’s even worse when the existing ones are forced to blend fuel mixtures that don’t exist. We are all painfully aware of the Soviet style mandate that requires 10% of petroleum to be comprised of ethanol. This unconstitutional mandate has killed jobs, driven | Read More »
Let Farmers Buy the Farm, Not Taxpayers
There is perhaps nothing as destructive to the free market as the federal government’s stranglehold over the agriculture sector. There is also nothing as detrimental to the GOP’s ability to draw a bold contrast on free markets, dependency, spending, and crony capitalism, as their willingness to support 5-year farm bills. Current farm policy creates inveterate dependency in some of the most conservative corners of the | Read More »
Dick Lugar Haunts the Free Market from the Grave
You might have thought that we vanquished Dick Lugar from the levers of power a few weeks ago. But if nothing is done to stop the impending 5-year Farm Bill, he might harm us with his regressive policies long past his time in Washington. Last month, the Senate Agriculture Committee passed a 5-year farm bill that continues to serve as one of the most potent | Read More »
, crony capitalism
, Dick Lugar
, farm bill
, free market
, kent conrad
Post-Mortem for the Ethanol Tax Credit
A couple of weeks back, my boss asked a question that I could not immediately answer: The ethanol tax credit expired on December 31. The price of ethanol should have gone up afterward. Did it? How much has that affected the price of gasoline? I turned to my friends at the American Petroleum Institute for help. Their surprising answer, in part: API declined to answer | Read More »