ANWR Drilling Would Provide Quick Relief

By -
People have been ridiculing Bush and McCain for the "psychological" benefits of offshore drilling, perhaps correctly. But I explain in this piece that opening up more US federal lands to drilling would provide tangible relief right away, because producers with excess capacity would pump more in the present (expecting lower future prices).

Comments

  1. Anonymous10:22 PM

    I haven't even read the piece yet, but I could not agree more.

    ReplyDelete
  2. TokyoTom7:25 AM

    Bob, I agree, and discussed how to go about it here: http://mises.org/Community/blogs/tokyotom/archive/2008/07/16/breaking-the-senseless-impasse-on-anwr-and-ocs-exploration-and-development-a-tax-and-rebate-proposal.aspx.

    A deal on OCS seems easier to do than ANWR, because all that is needed to get the coastal states to agree is greater revenue-sharing with the states.

    An ANWR deal should happen just out of fairness to the Inuit who own land that is now bottled up in ANWR. If they get fee simple, then they could start drilling immediately.

    ReplyDelete

Post a Comment

Popular posts from this blog

Libertarians, My Libertarians!

By -
Cruel to be kind means that I love you . Because, while I think you are mistaken, your hearts are in the right place -- yes, even you, Silas --  unlike some people . This Breitbart fellow (discussed in the link above), by all appearances, deliberately doctored a video of Shirley Sherrod to make her remarks appear virulently racist, when they had, in fact, the opposite import. I heard that at a recent Austrian conference, some folks were talking about "Callahan's conservative turn." While that description is not entirely inaccurate, I must say that a lot of these people who today call themselves conservative give me the heebie-jeebies.
Read more

"Pre-Galilean" Foolishness

By -
 I am currently reading The Master and His Emissary , which appears to be an excellent book. ("Appears" because I don't know the neuroscience literature well enough to say for sure, yet.) But then on page 186 I find: "Asking cognition, however, to give a perspective on the relationship between cognition and affect is like asking astronomer in the pre-Galilean geocentric world, whether, in his opinion, the sun moves round the earth of the earth around the sun. To ask a question alone would be enough to label one as mad." OK, this is garbage. First of all, it should be pre-Copernican, not pre-Galilean. But much worse is that people have seriously been considering heliocentrism for many centuries before Copernicus. Aristarchus had proposed a heliocentric model in the 4th-century BC. It had generally been considered wrong, but not "mad." (And wrong for scientific reasons: Why, for instance, did we not observe stellar parallax?) And when Copernicus propose...
Read more