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Sometimes in their zeal to exaggerate the “social benefits” of one of its programs, the number-crunchers at government agencies will stoop to absurd arguments that end up coming back to bite them. The Heritage Foundation’s David Kreutzer recently caught a great example of this, concerning the NHTSA’s and EPA’s analysis [pdf] of its new […]
Brother Tom and his merry band continue to preach on. AEA (9/17/12) reports: “Go behind the scenes with the American Energy Alliance’s 2012 Bus Tour.” What a surprise. EPA does something destructive and contrary to the national interest deep on Friday afternoon. AFPM (9/14/12) reports: “EPA’s decision to increase the biomass diesel volumes is wholly discretionary and irresponsible. […]
Recognizing that American motorists will reject any policies that raise fuel prices, the people pushing new regulations on the energy sector are trying to have their cake and eat it too. For example, a new report [.pdf] claims that a national Low Carbon Fuel Standard would not only reduce carbon dioxide emissions, but it […]
The BlueGreen Alliance has released a new study arguing that tighter fuel economy standards on cars and light trucks will not only mitigate climate change, but will also create jobs. As with most studies in the “green jobs” literature, this one too rests on faulty economic analysis. The federal government doesn’t do consumers any […]
The Renewable Fuels Association (RFA) is touting a new study claiming that ethanol reduced gasoline prices by more than a dollar per gallon in 2011. As with similar studies in the past, the methodology used here to calculate this number rests on a basic fallacy in how they frame the question, which we’ll explain below. […]
A recent study by the National Association of Convenience Stores (NACS) found that two most prominent regulations affecting fuel use in the United States—the Renewable Fuel Standard (RFS) and the Corporate Average Fuel Economy (CAFE) standards—have competing requirements that will have a negative impact on the more than 120,000 convenience stores that sell motor […]
One of the problems with making purchases based on “the greater good”—as opposed to the direct benefits and costs—is that your estimate might turn out wrong. For example, many people simply assumed that electric vehicles were “good for the environment” and so were willing to spend more, and put up with more hassles, thinking […]
In July 2011, President Obama announced yet another federal intervention into the economy: increased fuel-efficiency mandates for vehicles. Although his speech was jocular and peppered with humor, it was also filled with very misleading “facts” about energy markets. In the present piece I’ll address some of the biggest whoppers. The President Agrees: Rising Oil Prices Are […]
On February 13, 2012, IER submitted its comment on EPA’s proposed light-duty truck greenhouse gas emissions standards. As we will see, even relying on the EPA’s own analysis shows just how absurd federal intervention into energy markets has become. The debate would be funny, if it didn’t have such serious consequences in terms of economic welfare and indeed […]