‘Intellectual Bankruptcy’, Dr. Krugman?
Paul Krugman’s op-ed, “Natural Born Drillers” (New York Times, March 15), purports to show with a hard look at the numbers why no thinking, perceptive person could possibly believe that “Drill, Baby, Drill” is a solution to the nation’s energy and economic woes: [G]iving the oil companies carte blanche isn’t a serious jobs program. Put it this way: Employment in oil and gas extraction has | Read More »
The New York Times and Its Anti-Fracking Cargo Cult
Another day, another distorted and fear-mongering attack from the Old Grey Lady on America’s natural gas industry. Headline: Add Quakes to Rumblings Over Gas Rush (originally published under the headline “Some Blame Hydraulic Fracturing For Earthquake Epidemic”; link may require subscription/signup) Nine quakes in eight months in a seismically inactive area is unusual. But Ohio seismologists found another surprise when they plotted the quakes’ epicenters: | Read More »
Congressional Democrats Aim to Kill Energy’s Golden Goose
If “it’s all about the jobs”, why are Democrats trying to kill one of the only successful job creation engines in our economy? From Texas and Louisiana to North Dakota and Pennsylvania, energy development is creating good jobs, well-paying jobs, by the tens and even hundreds of thousands. Billions of dollars are flowing into the economies of the host states. The common thread of the | Read More »
The New York Times Says Shale Gas is a Giant Ponzi Scheme. Erm, No.
The New York Times really hates natural gas. Just in the last year, the Times has run scaremongering articles on the dangers of hydrofracking and Gasland-inspired tales of groundwater contamination in the “shale plays”, the unconventional sources of natural gas that have redefined domestic gas supply withing the last decade. On Sunday, the paper drifted into unfamiliar and inhospitable territory: petroleum economics. The Times published | Read More »
The New York Times’ Crackpot Tax Analysis
The latest dispatch in the New York Times‘ ongoing editorial series “Those Mean and Ignorant Republicans” comes from Bruce Bartlett, who served in the Reagan and Bush I administrations and on the staffs of Jack Kemp and Ron Paul. Bartlett is the kind of faux-GOPer that the Times likes to trot out to skewer Republicans. In this piece, he seems to go out of his | Read More »
The Climes They Are A-Changin’
Nobel laureate economist and Princeton Professor Paul Krugman opines on the causes of a recent run-up in food prices: Droughts, Floods and Food By PAUL KRUGMAN February 6, 2011 So what’s behind the [food and commodity] price spike? American right-wingers (and the Chinese) blame easy-money policies at the Federal Reserve, with at least one commentator declaring that there is “blood on Bernanke’s hands.” … But | Read More »
The BDS of the NYT: “Damned If You Do, Damned If You Don’t, and Damned If You Even Think About It!”
In 2002, the Bush Administration considered several options for dealing with an Al Qaeda sleeper cell outside of Buffalo, NY. The cell, which came to be known as the Lackawanna Six, was ultimately taken down by the FBI. But a faction within the Administration, led by VP Dick Cheney, had a plan to use the military after declaring the cell “enemy combatants”. The argument that | Read More »