To me, ethanol epitomizes the dysfunction of our national politics. It’s an awful policy, raising the price of both fuel and food, which hits the poor hardest, while damaging engines and stealing from the taxpayer. Everyone knows it but, because, by historical circumstance, Iowa is so politically prominent in presidential politics, too few are willing to say it (I’ll grant that Huckabee and Santorum may actually be economically ignorant enough to think it’s a good idea). So good for Cruz.
I wonder if there’s any possibility of a class-action suit against it, from both fuel consumers and food consumers? If not, there should be. It could fix a lot of awful welth-transfer laws.
Joe Pappalardo has the story. I wonder how much of it is due to environmental impact assessment, and if so, if it would be as hard if they were doing an airport instead? Back in 2004, we tried to extend the categorical exception that the aviation industry gets from the National Environmental Protection Act to space transportation, but the result was weak tea, leaving waivers up the discretion of the head of the EPA. Something I’d like to see in an amended version of the Commercial Space Launch Act would be to make it a clean extension, with no discretion from Gina (or any future administrator). It would be interesting to see if that made it veto bait for Obama, though.
The best expendable launch vehicles (ELV) still cost about $10,000 per pound from Earth to orbit.
As I commented over there (it’s awaiting moderation), Falcon 9 delivers ~30,000 lbs to LEO for ~$60M. That’s $2000/lb. Price, not cost. Falcon Heavy will roughly halve that. If they can reuse cores, they’ll drop the price further.
After a one-year hiatus, the conference is happening again (though a few weeks later than usual, early May instead of early April). I think it’s the best value for the money to find out what’s going on in space transportation and reducing the cost of getting to orbit.
Anyone who talks about the ROI of a degree without talking about the type of degree, or the relative value of one school over another, is either profoundly ignorant, or fraudulent. The fact is that there are a lot of degrees for which one would have to be a fool to put themselves deep into undischargeable debt to obtain. Unfortunately a lot of people don’t understand that, and are the most likely to get those worthless degrees.
I’m not sure about the prize idea, though. I’d rather the government actually purchase bulk items (e.g., water) on orbit. The goal should be a low cost per pound, not reusability per se. I’m pretty sure that reusability would naturally fall out of that. And reusable vehicles will have to be reliable to hit the cost goal.