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On Monday, March 3, the Environmental Protection Agency (EPA) announced its Tier 3 regulations requiring U.S. refineries to further reduce their sulfur emissions from 30 parts per million to 10 parts per million beginning in 2017. EPA claims that to further reduce sulfur emissions would only increase gasoline prices by a fraction of a cent, […]
A recent article in the LA Times by Jon Healey discusses the proposal by California State Senate President Darrell Steinberg (D-Sacramento) to exempt fossil fuel producers from California’s cap-and-trade system, and instead impose a carbon tax on fuels. Even though this move (in theory) might make energy prices less volatile, it would still raise them, and […]
An old adage often attributed to Mark Twain identifies three kinds of lies: “lies, damned lies, and statistics.” In a recent blog post, the National Resources Defense Council (NRDC) shows why this axiom stands the test of time. NRDC claims that “AB 32, [the California Global Warming Solutions Act] including the Low Carbon Fuel Standard, […]
Tesla Motors repayed a $465 million dollar loan from the federal government yesterday, nine years ahead of schedule. While being touted as a major success for the future of renewable energy and Zero Emissions Vehicles in particular, the truth behind Tesla’s façade of success is worrisome. The company’s first profitable quarter demonstrates the difficulty of […]