…but Santorum really is a big-government conservative. He may be preferable to Romney, but anyone who thinks he’ll shrink government is fooling themselves.
[Afternoon update]
Category Archives: Economics
The Green Movement
…is dead in the water. But it continues to do a lot of economic damage.
The Shale Revolution
Is going to have long-term geopolitical effects:
“So far this century, this is the biggest innovation in energy, in terms of scale and impact,” according to U.S. analyst Daniel Yergin, author of a classic history of the oil industry, “The Prize: The Epic Quest for Oil, Money and Power”, who emphasised that one-third of all the gas produced in the United States is already extracted from shale gas reserves.
…In Ramírez’s view, “the abundance and new distribution of reserves of shale gas and other non-conventional fossil fuels will affect predictions about the relationship between energy and the economy, and will have major geopolitical effects.
“An initial effect is that the largest and best discoveries are outside the Organisation of the Petroleum Exporting Countries (OPEC),” which will see its influence on the global energy market diminish in the long run, the expert said.
At the same time, Ramírez said, Russia will embark on the race to consolidate its position as a major global actor on the basis of its energy resources; Canada will emerge as a world oil power; and the United States, its supply secure, could feel freer from the vagaries of Middle East conflicts.
Can’t happen soon enough.
Hey, Warm Mongers!
The war is over, and you lost. As he notes, though, they’ve done untold damage to places like California.
The Space Shuttle Decision
Forty years ago today, President Richard Nixon announced that the nation would build a reusable vehicle, that would be used to fly all of the nation’s payloads into space. It first flew a little less than a decade later, and flew its last flight last summer, after a little over thirty years of operations. We are only starting to recover from the policy disaster.
[Update late morning]
The Space Shuttle, in happier days (flyback booster, no SRBs, no ET).
Space Transport Highlights Of 2011
Clark Lindsey has an overview of the past year.
Elizabeth Warren’s Pseudoeconomics
…debunked.
Global Cooling
The Canadian Senate actually pays attention to climate skeptics. Canada has a lot to fear from a return of the glaciers.
What’s Coming Up In Commercial Space This Year
I have a preview up over at Popular Mechanics.
Lessons Learned From FDR
…the wrong ones.