Category Archives: Business

A Twinkle Of Hope

My lead article in the special Reason February issue on space is on line now. This paragraph is somewhat pertinent to today’s events:

Can space policy be fixed? Not without the national will to do so. It would take either real visionaries making policy decisions or some sort of existential crisis (e.g., an asteroid with our number on it) to break out of the policy logjam. But the chances of the former are not as low as one might think. Had Rep. Ralph Hall (R-Texas) not switched parties seven years ago while being allowed to keep his seniority, the 88-year-old defender of the status quo would not be the current chairman of the House Science, Space, and Technology Committee. Instead the chairmanship would have fallen to Rep. Dana Rohrabacher (R-Calif.), who has defended the administration’s space policy. Rohrabacher will almost certainly take over when Hall retires or is term-limited out in five years. If Newt Gingrich by some miracle wins the GOP presidential nomination and the White House, he would be the most space-conversant commander in chief in American history. So the stars might yet align.

But I still think it’s an uphill battle for Gingrich to win, even if he wins Florida.

Rocket Men

As part of the continuing on-line rollout of this month’s special Reason issue on space, Katherine Mangu-Ward writes about the people working to get the rest of us into space. There will be a lot of familiar names to readers of this site. I think that my lead article is due to be posted tomorrow. But if you can’t wait, I think it’s still on the stands. Or you might want to subscribe — it’s just a little over a buck a month.

The Solution To California’s Fiscal Problems

The California Monterey fields have four times the reserves of Bakken:

Harold Hamm (billionaire owner of Continental oil) estimates the Bakken oil field will produce six times (24 billion barrels) the oil of the EIA estimate. Harold Hamm also believes that the San Joaquin Monterey California fields are the next big horizontal drilling play.

So much for “peak oil.” Of course, the problem is that we don’t yet seem to have reached peak stupidity in Sacramento (or among the California electorate).