Archive

Author Archive

Atlas Does Not Shrug at Climate Change: Exxon, Rob Bradley's favorite "principled entrepreneur", embarks on $600+ million biofuels venture

July 15th, 2009 No comments

A little birdy told me this story yesterday, which I think I was the first to ”Tweet”.

ExxonMobil has announced a $600+ million venture with Craig Venter’s advance genomics firm to develop fuels from algae.  An Exxon scientist noted:

“the potential advantages and benefits of biofuel from algae could be significant. Among other advantages, readily available sunlight and carbon dioxide used to grow the photosynthetic algae could provide greenhouse gas mitigation benefits. Growing algae does not rely on fresh water and arable land otherwise used for food production. And lastly, algae have the potential to produce large volumes of oils that can be processed in existing refineries to manufacture fuels that are compatible with existing transportation technology and infrastructure.” “

Exxon, whose scientists contributed directly to the Intergovernmental Panel on Climate Change, has made a steady stream of policy announcements and investments related to climate change over the past five years, and Exxon CEO Rex Tillerson has specifically called for governments to establish regulatory frameworks that provide investors and consumers with incentives to find ways to reduce GHG emissions, with Exxon favoring carbon taxes over cap-and-trade policies.  (Tillerson has said: “It is rare that a business lends its support to new taxes. But in this case, given the risk-management challenges we face and the alternatives under consideration, it is my judgment that a carbon tax is the best course of public policy action. And it is a judgment I hope others in the business community and beyond will come to share.”)

A recent statement by Exxon explained its climate change views as follows:

“As was recently summarized in the Fourth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC), the risks to society and ecosystems from increasing greenhouse gas (GHG) emissions are significant. Meeting the enormous energy demand growth and managing the risk of GHG emissions are the twin challenges of our time.We all must engage in the search for solutions if we are to succeed at mitigating these risks. Progress can be achieved through climate change policy frameworks that enable countries to pursue economic progress while promoting the development of technologies necessary to generate and use energy more efficiently. As the largest publicly traded international energy company, the energy ExxonMobil produces meets 2 percent of the world’s needs. We share the responsibility to take action with scientists, citizens, and governments around the world and are doing so in several substantive ways.”

(emphasis added)

 

As an aside, I note that despite Rob Bradley’s deep admiration for Exxon (including several posts noting Exxon`s reluctance to invest in “green” energy), Exxon has specifically stopped funding Rob Bradley‘s Institute for Energy Research and similar public policy research groups, on the grounds that these groups’ “position on climate change could divert attention from the important discussion about how the world will secure the energy required for economic growth in an environmentally responsible manner.”  Does Exxon, despite an apparently strong policy disagreement with Bradley, still have his respect?

 

 

Categories: climate change, Exxon, Rob Bradley, Tillerson Tags:

Bob Murphy on James Hansen and the "Civil War on the Left" over Waxman-Markey; where is criticism of pork for coal?

July 15th, 2009 No comments

James Hansen, a leading climate scientist at NASA (head of NASA’s Goddard Institute for Space Studies) and Columbia University, last week`published a scathing criticism of the Waxman-Markey cap-and-trade bill in the Huffington Post, and Bob Murphy noticed.

Bob offers a rather schizophenic view, expressing both:

  • admiration of (a) Hansen`s insistence – despite pressure from others on the left to dampen his criticism – that, given the risks posed by emissions of greenhouse gases, the Waxman-Markey bill is far from adequate and (b) Hansen`s criticism of the driving role provided by rent-seeking fossil fuel interests; and
  • amusement at the “fireworks” on the left that Hansen`s criticims will set off.

Oddly, it doesn`t seem to occur to Bob that Hansen`s criticism, despite flack from others, that Waxman-Markey is too weak in in the face of the risks that Hansen perceives, lends further credibility to Hansen and his concerns.  If Hansen takes his concerns THIS seriously, then perhaps othes should take him more seriously as well.  (Though to his credit, Bob does link to Hansen`s latest attempt to explain his understanding of climate risks).

It`s also odd that Murphy completely fails to explore Hansen`s criticisms of all of the subsidies to coal that the Waxman-Markey bill gives away, and ignores Hansen`s strong recommendation of a much leaner carbon-pricing strategy, rebated carbon taxes, of the type actively supported by Exxon and many others (not solely on the left).  Why is that libertarians refuse to criticize the 800 lb. gorilla in the room, while refusing to support carbon taxes?  For some at least, it appears that there is a decided lack of interest in biting the hand that feeds them, but wouldn`t a push against subsidies for coal and for a more transparent and less-burdensome climate still be salutary?  In a blog post that addresses Hansen`s stance, the Wall Street Journal asks the same question.  The NYT covers Hansen`s position as a news story.

I copy below a few remarks that I left at Bob`s blog (light editing):

Bob, it`s nice to see you respect Hansen for sticking to his gunds, but
it sounds like you`re mainly expressing schadenfreude, with the hope
that he might forestall W-M.

But Hansen is not taking his own
“rhetoric” seriously, but his own views of the SCIENCE. And those
views, while they hopefully turn out to be wrong, are no laughing
matter. (Presumably you know how to check Hansen`s website directly for
his scientific publications.)

On policy, as I have pointed out a number of times, Hansen has come out strongly in favor of pork-lite, rebated carbon taxes;
too bad that libertarians have showed so little interest in pushing for
carbon policies that are least damaging, but instead, but fighting
everything tooth and nail have instead contributed (inadvertently?) to
massive subsidies for coal.

You might also enjoy the sight of Dennis Kucinich, for reasons similar to Hansen, voting against Waxman-Markey.

But pork aside, I think that Joe Romm, in his response to Hansen, has the better arguments. On the question of pork, I note the continuing lack of criticism of old King Coal [by yourself and by Rob Bradley].

[Updated] Are blog posts by Gene Callahan Objectively Real? Perhaps not

July 13th, 2009 No comments

[Update:  Happy news!  The subject blog post, once non-existent, has (been) resurrected!  Discussions, with a decided acerbic philosopher-king, continue!]

[Update part Deux: Unfortunately, as noted elsewhere, our ill-humored host has closed out his blog post, after deleting my response to a string of comments and adding a coda of his own.]

In a blog post in mid-May, libertarian wisdom-lover Gene Callahan articulated the thesis that there is an objective moral reality.  I copied here my discussion on the comment thread with Gene.  In the ensuing months, Gene has maintained strict radio silence, despite a few subsequent efforts by me to engage him.

At last however, it seems that on July 10, Gene posted a follow-up post, entitled “Morals Are Not Objectively Real and Neither Is …”.

“It seems”, I say, because the blog post, which I distinctly recall, no longer exists.  Google reports faint emanations from the post in various web pages, including the following cache of the apparent post:

Morals Are Not Objectively Real and Neither Is…

My friend laughed. “If morals
are objectively real, where are they?”

“Hmm,” I thought, good point. “So, the only things that are
objectively real are those located in space and time.”

“But, wait… the physical universe is not located in space and time,
so…”

“The physical universe is not objectively real!”

posted by Gene Callahan @ 3:35 PM

(emphasis added)

The contents of the non-post, and the lack of its current existence, lead me to wonder, as I wander out under the sky, the thoughts pondered in my post title.

I note that my Gmail inbox contains messages from the Twilight Zone, which indicate that I, Bob Murphy and Gene might have made the following comments on Gene`s non-post:

TokyoTom has left a new comment on the post “Morals Are Not Objectively Real and Neither Is…“:

Gene, thanks for revisiting this topic, but it doesn`t seems you`re
really exerting yourself, other than to make light of what you purport
to take seriously.

You might be the only guy chasing his tail who fooled himself into thinking he caught it.

Our
existence is proof that the universe exists in space and time. But
where do morals objectively exist, apart from the individuals thinking
about them? Do other species have “morals” that govern their behavior,
or is there no objective moral order apart from man? Is the human
“objective” moral order universal, for all individuals, across all
history?

Inquiring ants want to know!

 

Bob Murphy has left a new comment on the post “Morals Are Not Objectively Real and Neither Is…“:

TT, I don’t think most physicists (at least most cosmologists) would agree with you. The physical universe itself does not have particular space-time coordinates; relative to what?

Gene,
rather than giving such a grandiose example, can’t you pick something
easier, like the Pythagorean Theorem or a pun? I grant you, no matter
what you pick, TT or other critics will find some reason to throw out
your remark as silly, but still it might be helpful.

For the
record, folks, I used to be a materialist and Gene talked me down from
the ledge. I didn’t even realize how much importance I was vesting with
the physical world until I debated him about it on anti-state.

 

TokyoTom has left a new comment on the post “Morals Are Not Objectively Real and Neither Is…“:

Bob, the fact that the universe itself is not a turtle sitting on the
back of another doesn`t mean that the universe and matter/phenomena
within it are not OBJECTIVE.

The
question, assuming Gene is not asserting the lack of objectivity of the
universe, is just what the heck Gene MEANS by “objective”, and just how
it is that there is an moral order to the universe that exists just as
objectively as, say, Saturn, the Tokugawa bakufu ot Gitmo.

 

Gene Callahan has left a new comment on the post “Morals Are Not Objectively Real and Neither Is…“:

“Our existence is proof that the universe exists in space and time.”

Tom,
that’s ridiculous. Think about what you’re saying — the universe
cannot be “in” space! Just where in space do you think it’s located?

 

Gene Callahan has left a new comment on the post “Morals Are Not Objectively Real and Neither Is…“:

“Bob, the fact that the universe itself is not a turtle sitting on the
back of another doesn`t mean that the universe and matter/phenomena
within it are not OBJECTIVE.”

Exactly right, Tom — the fact that something is not located in space and time does not mean it’s not objective.

Gene`s implication appears to be that, just as the universe does not
exist in space or time, but is objective, so there exists an objective
moral order, that does not exist in space or time. 

If so, inquiring minds want to know (1) whether the objective moral
order is a part of the universe, (2) what methods can we apply to
confirm the existence of and explore the objective moral order, (3)
whether such methods are distinct from the scientific method, and (4)
just what the heck Gene means by “”objective”, anyway.

I`m not half as smart as I think I am, but I am now thoroughly
befuddled, not only as to what Gene believes is “objective”, but also
how to continue a non-existent discussion.


Thorough defense by Joe Romm of Waxman-Markey against "carbon tax + dividend" James Hansen; where is "Principled Entrepreneurship" Bradley on fat subsidies for coal?

July 12th, 2009 No comments

Joe Romm`s defense of Waxman-Markey against climate scientist James Hansen (who prefers rebated carbon taxes and a faster phase-out of coal) is effective and worth a read.

Notably, however, Romm makes no attempt to justify all of the pork now in the bill, including the huge subsidies to coal (Congressman Ed Markey: “We have in huge subsidies for clean coal. Huge. Much more than we have in for renewables.”), which are one of the reasons why Greenpeace has wtihdrawn its support for the bill.

Hope springs eternal that Rob Bradley, in his “free-market” MasterResource energy blog, his Institute for Energy Research or their more blatant PR arms like “grass roots” American Energy Alliance (or side-kick Bob Murphy) will criticize past or ongoing rent-seeking  (“political capitalism”) by King Coal, but so far it looks very much like the piper is calling the tune – to the extent that Rob Bradley bans commentators who note the lack of balance in the application of “Principled Entrepreneurship” (which Bradley has trademarked!).

 

Rot at the Core: Contaminated Kansas town begs for EPA buyout; where are owners of abandoned mines?

July 11th, 2009 No comments

Surely there`s no reason for the Ameriican people as a whole to be bailing out the last residents of this lead and zinc mining Kansas-Oklahoma border town, but do the original mining firms really get to skip town so easily, leaving everyone else holding the bag?

Isn`t that precisely what the state grant of limited liability is for, anyway?

Categories: limited laibility, pollution Tags:

Climate/Oceans: A brief reminder to Ron Bailey that, even though models aren`t always right, the atmosphere and oceans remain open-access commons

July 6th, 2009 No comments

Ron Bailey, science correspondent for ReasonOnline, on July 1 noted in a Hit & Run post that “Models Aren`t Always Right“.

I left the following comment, which I copy here since I didn`t see it post:

“Ron, of course models aren`t always right, but;

1. even Lindzen is arguing for net positive feedbacks;

2. even with the apparent recent temperature plateau, the climate system and oceans are very noticeably changing;

3. we know that there is tremendous inertia in the climate system and that our forcings will play out over centuries;

4. we know that the atmosphere and oceans are open-access commons that will require widespread agreement and cooperation to manage effectively; and

5. there are wide mismatches between those whose investments/activities generate climate risks and those who face the greatest risks.

While haste may make waste, none of these points counsels a do-nothing approach.

Running irreversible, planetary-wide experiments is hardly a conservative or libertarian endeavor.”

In the face of these factors and the rapid pace at which atmospheric levels of CO2 and other GHGs continue to grow, it is hardly reassuring that, as physicist Russell Seitz has noted, “variables as critical as the sensitivity of the climate to the doubling
of carbon dioxide in the atmosphere have failed to converge on
uncontroversial values”. 

While MIT climate scientist Richard Lindzen may think that climate “sensitivity” (mean temperature response to CO2 doubling) is as low as 0.5 degrees centigrade only a month and a half ago all of his colleagues disagreed with him in a publication trumpeted by MIT“New projections, published this month in the American Meteorological Society’s Journal of Climate, indicate a median probability of surface warming of 5.2 degrees Celsius [9 degrees F!] by 2100, with a 90% probability range of 3.5 to 7.4 degrees [6.3 to 13.2 degrees F!]. This can be compared to a median projected increase in the 2003 study of just 2.4 degrees [and the temps reported are averages, with many places warmer].”

 

[Updated] Bob Murphy: Rob Bradley's "IER Calls for End to All Energy Subsidies" – Not

July 6th, 2009 No comments

[Update at bottom.]

Bob Murphy, Austrian economist and part-time consultant for Rob Bradley`s Institute for Energy Research, asserted in a recent blog post that “IER [has] Call[ed]  For End to All Energy Subsidies”.  I took a closer look at the recent commentary at IER that Bob pointed to as support for his position, and came away unimpressed.

I posted the following comments to Bob in response a week ago; since I have heard nothing further from Bob, I think it`s worth copying them here (with editorial comments in brackets):

Bob, I`m sorry, but where does IER (or MasterResource) actually CALL “for an end to all energy subsidies”? They certainly don`t do so expressly in this op-ed. I`d be thrilled if you could point the way to other places where Bradley`s various enterprises specifically call for an end to subsidies and other regulatory favors for coal.

By bashing WaPo`s inconsistent concerns about “clean coal” subsidies [in an interesting editorial about rent-seeking by coal firms that ignores other rent-seekers] – and bashing clean energy interests while refusing to criticize rent-seeking by coal – it seems fairly apparent that IER remains a friend of big coal, and of the big thumb that government has long placed on the scales in its favor.

“That would at least make them intellectually consistent. But it appears there is no room for logic and consistency when you have an agenda to advance.” [from Rob Bradley`s commentary]

Such apt words!

Categories: Bob Murphy, Coal, IER, Rob Bradley Tags:

Searching for common ground: In which I provide a partial defense of Ron Bailey`s "invisible hand of population control" thesis

June 22nd, 2009 No comments

Michael Tobis, a blogging climate scientist, kindly alerted me to his criticisms of Ron Bailey`s recent Reason post.

Here is my response to Michael:

Michael, thanks for the link and for twitting it to my attention.

I`m not sure you really want to get me started, but I won`t let that get in the way.

First,
of course, it`s regrettable that those on the left and right would both
rather fight than think seriously. There`s alot of middle ground, but
you can`t get there in war of words. I`ve criticized Ron for this,
but he deserves credit for accepting climate science and expressly
acknowledging and analyzing tragedy of the commons situations.

While
I think you have found an infelicitly stated portion of his piece,
clearly he`s trying to say that social collapse in the past might be
attributable to tragedy of the commons situation (where “proper
institutions for channeling individual striving into a process of
economic growth which ultimately promotes the public interest” were not
in place).

While there are other cause of collapse – wars,
climate shifts, disasters – do you really disagree with Ron`s point
that societies are vulnerable to collapse if they don`t establish
institutions that prevent ruinous exploitation of resources?

While
Ron focusses on economic freedom and rule of law (market institutions)
as checks on tragedies of the commons, he is familiar with (and
libertarians certainly accept) traditional, community-based property
rights systems can work just fine, though increasing demand (and use by
outsiders) might swamp them, or technology might make private property
more efficient.

I think that Ron is perfectly correct to note
that property rights and market institutions in free societies are
serving to check population growth.

The chief problem, of course
is that there are huge gaps outside individual Western countries: Where
are the property rights in the atmosphere, the oceans, the tropical
forests? As a result, we are steadily destroying whatever we can get
out hands on.

The related problem is that corrupt and/or inept
governments are often in the middle of these problems: e.g., the
Newfoundland cod fishery was destroyed under Canadian government
management, West coast salmon fisheries are similarly threatened, and
tropical forests are being converted to soybeans and oil palm because
governments don`t care to protect the rights of the natives who dwell
in them.

(The way governments fail libertarians are rather
attuned to; while it may grate to hear this after the gross
mismanagement of the Bush/neocon/Republicans, perhaps even liberals can
acknowledge that they have a point, even if they don`t want to listen
to fear of “socialism” from the right.)

Finding institutions to
end destructive exploitation and manage open-access commons is a real
struggle; Bailey points in the right direction for some solutions, but
he downplays the size of the task ahead and the need for those who care
to work at solutions.

More of my thoughts here:

Too Many or Too Few People? Does the market provide an answer?

Using the State to solve common resource problems?

Mises on fixing externalities: progress along the Kuznets curve is not magic, but the result of institution-building

Regards,

Tom

Evolution & religion: Idle hands express idle thoughts about Bob Murphy`s determination to apply reason to his insistence that "non-believers burn in hell"

June 22nd, 2009 No comments

I refer to Bob Murphy`s blog post, “Do Non-Believers Burn in Hell?”, which is still active, but with little further contribution from Bob (who`s been busy doing God`s work  on other matters). In the post Bob asserts that “the doctrines of Christianity make sense and are logical” and attempts to explain what he means by his belief that atheists are “going to hell.”

Below are my two posts on the thread.  The first asks Bob to clarify his logic; the second steps back to meta-issues that are too often unexplored in arguments over religion.

A. June 14, 2009 5:23 AM

Bob, if you`re in favor of using your reason when contemplating God, can you tell me:

1. is there a hell? what evidence is there for hell?

2.
Who goes to hell? You suggest “person[s] who actively rejected the
Creator’s offer of friendship”, but by this (a) do you imply that
everyone got a “personal” offer? how so?

(b) if not, what
happens to those throughout human history who never got a personal
offer, or who thought their offer was to follow Judaism, Islam, the
Budddha, etc?

(c) what about those with limited capacity –
children (including those stillborn, or naturally or artificially
aborted), the mentally handicapped? do they burn in hell for eternity,
or are they united in communion with the Creator?

I`m not sure
where reason leads us in matters of faith, other than we have a
capacity to believe all manner of what seems obvious nonsense now.

B.  June 22, 2009 4:42 AM

James, I think you are being far too judgmental.

And I think this discussion generally is too shallow.

Can
I suggest that you – and others – step back to consider the role of
“Ritual and Religion in the Making of Humanity,” as explored in a book
of that title by Roy Rappaport (former head of the American
Anthropology Assn.
and published postumously)?

Rappaport
recognized the role that ritual and “sacred postulates” (later,
religions) have played in the evolution of man as a social animal, by
providing a fundamental way of ordering the world, the group`s role in
it, and the individual`s role in the group – thereby abating commons
problems both within and created by the group.

The religious
lies at the root of our human nature, even as its inviolable, sacred
truths continue to fall by the wayside during the long march of
culture and science out of the Garden of Eden.

Amazon

Google Books

review by Mary Catherine Bateson

Interview

Especially as we live in an increasingly global world, it behooves us all to know ourselves better – even us hermits in Tokyo.

Can we sheath our vorpal swords?

 

 

 

To Ron Bailey: yes, an "invisible hand" controls population, but property rights & rule of law are not universal and, as Mises noted, require effort

June 19th, 2009 No comments

Ron Bailey, science correspondent at ReasonOnline, has a very useful post up that outlines how markets and the institutions that underpin them explain declining fertility in Western societies, and that suggest grounds for optimism when looking at population growth  in the developing world.

However, he leaves a few things out in his ongoing effort to show that the “Neo-Malthusians” are wrong to worry about population, including the following:

  • the West lies at the end of the demand chains that have swamped both unowned commons in the oceans and traditional, community-based property rights systems in developing nations (and that have fuelled kleptocrats for decades);
  • as developing nations grow, until clear and effective property rights systems are established, they will put stresses similar to those that the West did on open-access commons – including on the climate system as their fossil fuel use grows; and
  • establishing property rights and other institutions conducive to markets and wealth don`t spring up magically, but take time and concerted effort (and leave gaps), as Ludwig von Mises noted- and which is the lesson of the “Kuznets” environmental curve.

I remarked on some these in the following, which I posted (or tried to) at Ron`s comment thread:

Ron, in general I think your post is insightful and helpful, as it points the way to property rights and rule of law as ways that human societies can improve their well-being while controlling their population via the choices of individuals. This provides a fruitful focus for all participants in the discussion, including both the “conservative” and the “envirofacist” nature-lover poles.

However, for me at least it`s not a new insight (I studied some population dynamics, carrying capacity & sygmoid growth curves, was long familiar w/ Hardin & noticed in the 80s that the places where pop growth was highest was where property wasn`t adequately protected.

And you might not have not have noticed, but decades before Hardin, Ludwig von Mises explained how environmental problems arise from the lack of clear, appropriate and enforceable property rights.

More importantly, I think you fail to address both the West`s role in ongoing environmental destruction outside of their countries and the need for those concerned about environment and human welfare to continue to push and contend – both property rights on the supply side, and management (consumer pressure, boycotts etc.) are still needed on the demand side. I blogged on this two years ago, here: Too Many or Too Few People: Does the market provide an answer?“.

There are real problems and they aren`t magically solved (as Tierney seems to think, a la Kuznets). Mises pointed not only at the problem of externalities, but also at the transitions that societies make, deliberately or through changes in customs, to reduce externalities.

There is a lot of hard work ahead of us, and preferences and initiative matter greatly. I appreciate your efforts to educate and to push the ball forward.

Sincerely, Tom