That’s what Barack Obama, and anyone who supports US ethanol price supports and tariffs against Brazilian imports is.
I agree.
By the way, so are Algore and James Hansen…
That’s what Barack Obama, and anyone who supports US ethanol price supports and tariffs against Brazilian imports is.
I agree.
By the way, so are Algore and James Hansen…
Off-shore drilling, or oil tankers? Of course, many “environmentalists” would like to ban both. And have us go back to chopping wood, and forty acres and a mule. As long as we aren’t too cruel to the mule.
But it’s pretty clear to me that off-shore drilling with modern technology is much lower risk, in terms of oil spills, than having foreign-flagged tankers operating in our waters. This kind of false sense of safety, and misplaced priority is common. For instance, some people avoid flying, because they fear it, and drive instead, vastly increasing their risk of being killed on the trip. I don’t know whether people who oppose oil drilling are being similarly irrational, or if they simply recognize it as an easier target than ending oil imports, so they grab whatever low-hanging fruit they can to minimize our oil consumption (and drive up the price, which is perhaps part of the goal).
Also, as noted here, banning drilling off US shores doesn’t eliminate the risk of spills from drilling. It just moves it to other (and perhaps even more environmentally sensitive) places.
I have a new piece up over at Pajamas Media on space transportation and the Interstate Highway System.
Hey, it was Mike Griffin who made the analogy, not me.
I should also note that while the title is mine, the subheadline is theirs.
[Late afternoon update]
Only Mark Whittington would have the native talent to so misread this piece as to think that I was “expressing astonishment.” Of course, it’s not the first time that he’s fantasized about my views.
[Another update]
Now Mark is fantasizing that I actually want, or expect NASA to build the Interstate to space.
Well, it’s totally in character for him.
I sure wish he’d learn to read for comprehension.
“Messrs. Obama and McCain both reveal a disturbing animus toward free markets and success.”
Indeed.
Alan Boyle has an interesting story on flood prediction. Well it is to me, anyway.
Robert Criss, a professor of earth and planetary sciences at Washington University in St. Louis, agreed that the forecasts have been “remarkably accurate” – within the limits of the system, that is. He noted that the flood wave is working its way down the Mississippi River at about walking speed, giving the forecasters time to analyze the water’s course, and giviing emergency officials time to react.
“It’s like a traffic jam. The cars move slowly through the jam, and this big stuff is coming our way slowly and inexorably,” Criss said.
The damage will be in the billions. And of course, some will say that this is a sign of climate change. But the real reason that the cost of these disasters is increasing is not because the weather is any different than it has been in the past but rather because people foolishly build in flood plains, because they don’t understand the nature of statistics. There is no such thing as a “hundred year flood,” at least in the sense that you can expect that there will be one per century, and after you’ve had one, you’re safe for another hundred years. All it means is that statistically, one would expect one to occur that often, on average. Having one does not inoculate you from having another the next year (or even the next month), any more than chances that the next coin flip will be heads is increased by a previous tail. It’s fifty-fifty every flip, and it’s one in a hundred every year (assuming that the estimate is correct). This is the same kind of thinking as the guy who always carried a bomb on the plane with him, on the logic that the chances that there would be an airplane with two bombs on it were minuscule.
A perfect example is the 2004 hurricane season, which I drove over from California in early September to enjoy. I arrived in Florida just in time to put up shutters and batten down the hatches in our new house, when Frances hit us.
It was the first time a major storm had hit the area in many years, and most of the people who had lived here, even long-time residents, had gotten complacent. In fact, I recall sitting next to someone on a plane to LA earlier that summer, shortly after we’d bought the house, but before the storms. He was a real estate agent in Palm Beach County, and I mentioned that one of the things I didn’t like about moving to south Florida was the hurricanes. He waved it aside, saying, “we don’t get hurricanes here.” I just shook my head.
Anyway, three weeks later, just as we were getting power back on and cleaned up from Frances, we got hit by Jeanne, which made landfall in almost exactly the same place (up around Fort Pierce). So this was not only a “hundred year” (or perhaps a “thirty year”) hurricane, but we had two of them within a month. And of course, the cost of hurricanes will continue to grow, not because hurricanes are getting worse, but because, as in the midwest, and partly out of statistical ignorance, we continue to provide them with ever more, and ever more expensive targets.
[Update a couple hours later]
Jeff Masters thinks that climate change is causing 500-year floods to become more frequent. I don’t think we have enough data to know that for sure (particularly since things have actually been cooling down in the last few years), but as he points out, another anthropogenic effect is the draining of wetlands for farming and building of levees to protect them. Levees work fine (until they suddenly don’t) but they intensify effects down stream.
Alan Boyle has an interesting story on flood prediction. Well it is to me, anyway.
Robert Criss, a professor of earth and planetary sciences at Washington University in St. Louis, agreed that the forecasts have been “remarkably accurate” – within the limits of the system, that is. He noted that the flood wave is working its way down the Mississippi River at about walking speed, giving the forecasters time to analyze the water’s course, and giviing emergency officials time to react.
“It’s like a traffic jam. The cars move slowly through the jam, and this big stuff is coming our way slowly and inexorably,” Criss said.
The damage will be in the billions. And of course, some will say that this is a sign of climate change. But the real reason that the cost of these disasters is increasing is not because the weather is any different than it has been in the past but rather because people foolishly build in flood plains, because they don’t understand the nature of statistics. There is no such thing as a “hundred year flood,” at least in the sense that you can expect that there will be one per century, and after you’ve had one, you’re safe for another hundred years. All it means is that statistically, one would expect one to occur that often, on average. Having one does not inoculate you from having another the next year (or even the next month), any more than chances that the next coin flip will be heads is increased by a previous tail. It’s fifty-fifty every flip, and it’s one in a hundred every year (assuming that the estimate is correct). This is the same kind of thinking as the guy who always carried a bomb on the plane with him, on the logic that the chances that there would be an airplane with two bombs on it were minuscule.
A perfect example is the 2004 hurricane season, which I drove over from California in early September to enjoy. I arrived in Florida just in time to put up shutters and batten down the hatches in our new house, when Frances hit us.
It was the first time a major storm had hit the area in many years, and most of the people who had lived here, even long-time residents, had gotten complacent. In fact, I recall sitting next to someone on a plane to LA earlier that summer, shortly after we’d bought the house, but before the storms. He was a real estate agent in Palm Beach County, and I mentioned that one of the things I didn’t like about moving to south Florida was the hurricanes. He waved it aside, saying, “we don’t get hurricanes here.” I just shook my head.
Anyway, three weeks later, just as we were getting power back on and cleaned up from Frances, we got hit by Jeanne, which made landfall in almost exactly the same place (up around Fort Pierce). So this was not only a “hundred year” (or perhaps a “thirty year”) hurricane, but we had two of them within a month. And of course, the cost of hurricanes will continue to grow, not because hurricanes are getting worse, but because, as in the midwest, and partly out of statistical ignorance, we continue to provide them with ever more, and ever more expensive targets.
[Update a couple hours later]
Jeff Masters thinks that climate change is causing 500-year floods to become more frequent. I don’t think we have enough data to know that for sure (particularly since things have actually been cooling down in the last few years), but as he points out, another anthropogenic effect is the draining of wetlands for farming and building of levees to protect them. Levees work fine (until they suddenly don’t) but they intensify effects down stream.
Bruce Webster has an idea for a campaign to get Congress’ attention.
Another jump in oil prices.
Think it has anything to do with the fact that both presidential candidates favor a hidden tax on energy and oppose expanding domestic oil production?
You know, in the past, when I’ve said that prices in this range are not sustainable, I always assumed that, at least at some point, sanity would reign in Washington. What a dumb assumption.
[Thursday morning update]
Wise words from Lileks:
…there’s hope. An article in the paper last week said that the gyrations in the oil market may indicate that the laws of supply and demand no longer apply. Well, clever us, to live in an age where immutable laws are abolished with ease; no doubt faster-than-light travel is now possible as well. Whenever someone says that the old laws no longer apply, it’s a sure sign that the laws are about to reassert themselves with brutal force.
Three-buck gas by October? Likely.
As Carl notes in comments, even when you know you’re in a bubble, you don’t know when it’s going to pop.
[Update a few minutes later]
Anyone wondering why U.S. energy policy is so dysfunctional need only review Congress’s recent antics. Members have debated ideas ranging from suing OPEC to the Senate’s carbon tax-and-regulation monstrosity, to a windfall profits tax on oil companies, to new punishments for “price gouging” – everything except expanding domestic energy supplies.
Amid $135 oil, it ought to be an easy, bipartisan victory to lift the political restrictions on energy exploration and production. Record-high fuel costs are hitting consumers and business like a huge tax increase. Yet the U.S. remains one of the only countries in the world that chooses as a matter of policy to lock up its natural resources. The Chinese think we’re insane and self-destructive, while the Saudis laugh all the way to the bank.
And unfortunately, both presidential candidates are economic ignorami:
Recent weeks have seen some GOP stirrings on Capitol Hill, but John McCain has so far refused to jettison his green posturings, such as his belief in carbon caps and his animus against offshore development. A good reason for a rethink would be $4 gas. At present, it is charitable to call Mr. McCain’s energy ideas incoherent, and it may cost him the election.
Of course, Obama’s even worse, but even if McCain wins, it will be a lot closer than it need be. And prices will continue to soar. Needlessly.
Another jump in oil prices.
Think it has anything to do with the fact that both presidential candidates favor a hidden tax on energy and oppose expanding domestic oil production?
You know, in the past, when I’ve said that prices in this range are not sustainable, I always assumed that, at least at some point, sanity would reign in Washington. What a dumb assumption.
[Thursday morning update]
Wise words from Lileks:
…there’s hope. An article in the paper last week said that the gyrations in the oil market may indicate that the laws of supply and demand no longer apply. Well, clever us, to live in an age where immutable laws are abolished with ease; no doubt faster-than-light travel is now possible as well. Whenever someone says that the old laws no longer apply, it’s a sure sign that the laws are about to reassert themselves with brutal force.
Three-buck gas by October? Likely.
As Carl notes in comments, even when you know you’re in a bubble, you don’t know when it’s going to pop.
[Update a few minutes later]
Anyone wondering why U.S. energy policy is so dysfunctional need only review Congress’s recent antics. Members have debated ideas ranging from suing OPEC to the Senate’s carbon tax-and-regulation monstrosity, to a windfall profits tax on oil companies, to new punishments for “price gouging” – everything except expanding domestic energy supplies.
Amid $135 oil, it ought to be an easy, bipartisan victory to lift the political restrictions on energy exploration and production. Record-high fuel costs are hitting consumers and business like a huge tax increase. Yet the U.S. remains one of the only countries in the world that chooses as a matter of policy to lock up its natural resources. The Chinese think we’re insane and self-destructive, while the Saudis laugh all the way to the bank.
And unfortunately, both presidential candidates are economic ignorami:
Recent weeks have seen some GOP stirrings on Capitol Hill, but John McCain has so far refused to jettison his green posturings, such as his belief in carbon caps and his animus against offshore development. A good reason for a rethink would be $4 gas. At present, it is charitable to call Mr. McCain’s energy ideas incoherent, and it may cost him the election.
Of course, Obama’s even worse, but even if McCain wins, it will be a lot closer than it need be. And prices will continue to soar. Needlessly.
Is the “wealth effect” a myth?
If so, it means that the popping of the housing bubble won’t have the dire effect on economic growth that many have predicted.