Monthly Archives: June 2017

Obama Administration Set New Record for Number Of Pages Of Regulations In 2016


The Wall Street Journal posted “The $600BillionMan-A new report highlights one cost of Obama legacy.” (The posting is behind a paywall.  Fortunately SePP* summarized the WSJ posting for us.) The summary is as follows:

SUMMARY: “As if taxes haven’t been high enough, the U.S. Government also forced Americans to spend an eye-watering $1.9 trillion in 2016 just to comply with federal regulations. That’s according to the latest annual “10,000 Commandments” report released today by Wayne Crews of the Competitive Enterprise Institute. ‘If it were a country, U.S. regulation would be the world’s seventh-largest economy, ranking behind India and ahead of Italy,’ notes Mr. Crews. He adds that our regulatory tab is nearly as large as the total pretax profits of corporations.

 “Mr. Crews has become one of the most hated men in Washington by tabulating the hidden costs—those not counted in the roughly $4 trillion of direct federal spending—that politicians and bureaucrats impose on the American economy. And nobody imposed more than Barack Obama. According to the Crews annual scorecards, the yearly cost of federal regulation soared by more than $700 billion in nominal dollars from 2008, the last full year of the Bush Administration, through Mr. Obama’s final full year of 2016. Adjusting for inflation, you can call Mr. Obama the $600 Billion Man.

 “One measure of the amount of red tape spewing out of Washington is the number of pages of proposed and final rules printed in the Federal Register. ‘Of the top 10 all-time-high Federal Register page counts, seven occurred under President Barack Obama,’ notes Mr. Crews. And let’s hope that Mr. Obama’s latest record, set on his final lap in 2016, will never be broken. Mr. Crews reports that the register ‘finished 2016 at 95,894 pages, the highest level in its history and 19 percent higher than the previous year’s 80,260 pages.

Unelected bureaucrats are killing businesses with their avalanche of regulations and the resulting cost of implementing them.  But the Obama Administration was the worst offender.   Seven of Obama’s eight years in office, his administration was in the top ten of Federal Register Page Count.  With the 2016 being the highest ever.

If you ever wonder what President Trump means when he says the “swamp needs draining”, this is it.

cbdakota

*SePP=Science & Environmental Policy Project

 

ExxonMobil Ripped At Stockholders Meeting


I have come across a posting on JunkScience titled “Milloy rips at ExxonMobil management for supporting climate alarmism” by Steve Milloy.  The content of  his address at the recent ExxonMobil stockholders meeting can read by clicking here.

Here is a part of what Milloy said this at the meeting:

“My fellow shareholders, we can defeat the activists as they:

  • Hype the climate hoax;
  • Lobby governments for anti-oil policies;
  • Force investment funds to divest from Exxon;
  • Campaign to stop oil production; and
  • Pressure regulators to force companies to write down their reserves.

A handful of others and I have been fighting these anti-capitalist activists for decades.

Our efforts helped produce a President who knows climate hysteria is unfounded and who wants the oil industry to thrive. “

Read  Milloy’s address, or listen to it on the YouTube (I found that difficult so that is why I have put the transcript in.)

cbdakota

Why Did ExxonMobil Lobby To Stay In The Paris Agreement?


ExxonMobil lobbied President Trump to stay in the Paris Agreement. Can you figure out why that company would wish to do so?

Here are some pickings from the most recent ExxonMobil global energy forecast:

·         Total energy demand by 2040 will be 25% higher than in 2015.

·         Global energy supply in 2040 will be 55% from oil and natural gas. Wind, solar and biofuels will supply only 4% in 2040.

·         Coal use will decline but will still be the third largest supplier of global energy.

·         Global electrical energy demand for transportation will only be 2% of the total global energy demand in 2040.

·         Wind and solar electricity supplies will approach 15% of total electrical energy supply by 2040

·         Although utilization improves over time, intermittency limits worldwide wind and solar capacity utilization to 30% and 20% respectively.

·         By 2040 US and Europe combined CO2 emissions will be about 8 billion tonnes.  The total global emissions in 2040 will be about 36 billion tonnes,

·         Electric cars are a very high-cost option, at about $700/tonne of CO2 avoided.

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Detour Ahead—Some European Industry Is Backing Away From Paris Agreement.


Last week, the Eastern European steel manufacturers said that the Paris Agreement would make them non-competitive. The nations of Poland, the Czech Republic, Slovenia and Hungary are “mounting a behind-the-scenes revolt against the Paris Agreement, blocking key measures needed to deliver the pledge that they signed up to 18 months ago.”

WattsUpWithThat posted East European States Mount Revolt Against Paris Agreement” and quotes from that are as follows:

“Energy efficiency is supposed to make up around half of Europe’s emissions reductions by 2030, but a Czech proposal could cut energy saving obligations from a headline 1.5% a year figure to just 0.35% in practice.

Below the radar, Poland has also launched a manoeuvre that may block the EU’s winter package in its entirety – particularly a planned limit on power plant emissions – if it is signed up to by a third of EU parliaments, or 10-13 states.

The EU’s various wings will eventually thrash out a compromise between the commission’s original proposal – which was calibrated to meet the Paris pledge – and the counter-proposals designed to weaken this.

The effect this could have on the EU’s overall emissions has raised concerns among those in Brussels who wish to see the EU maintain its leadership on climate.

“We cannot allow backward-looking east EU states to destroy the EU’s credibility on the Paris agreement,” said Claude Turmes, the European parliament’s lead negotiator on climate governance.

“A successful and ambitious energy transition is one of the few remaining positive stories for Europe. If we allow that to be drained by vested old interests from east Europe, our international credibility – and the last remaining trust of our citizens – will be smashed,” said Turmes.”

 

The link to the above is        https://wattsupwiththat.com/2017/05/30/east-european-states-mount-revolt-against-paris-agreement/

And then there is this item.

The German automaker are also having a problem with the Paris Agreement. 

The Europe.autonews.com posted “German automakers fear losing competitive edge after U.S. exits climate pact.”

From that posting we learn:

“Germany’s powerful auto industry said Europe would need to reassess its environmental standards to remain competitive after the United States said it would withdraw from the Paris climate pact.

The VDA said electricity and energy prices are already higher in Germany than in the United States, putting Germany at a disadvantage.

The VDA represents automakers including BMW, Volkswagen, and Mercedes-Benz parent Daimler.

.The VDA’s warning comes as German Chancellor Angela Merkel, one of the strongest advocates of the global pact to curb emissions of gases that speed climate change, said there was no turning back from the 2015 Paris climate agreement.”

There will probably be more Paris Agreement setbacks like these two.

cbdakota

 

 

 

 

 

 

 

 

 

 

Media Ignorance Concerning The Paris Agreement


The ignorance shown by the media regarding the Paris Agreement leads me to wonder is it incompetence of just out-right lies.  The primary argument often is, quoting the editorial in the local newspaper, “By breaking ranks with nearly 200 nations, the United States joins only Syria (which is riven by civil war) and Nicaragua ….”  More on this paragraph below, but first about the 200 nations.  According to the Paris Agreement’s Green Climate Fund, the majority of the almost 200 nations are to be given money from this fund.  As of May 2017, 41 nations have contributed or have pledged money to this fund. Reviewing the data, we find that of the 41 nations, 22 of them are in for $10 million or less, 6 are in for $100 million or less, 7 are in for $500 million or less, 1 is in for $750million or less and 5 are in for more than $1billion with the US the major player at $3 billion. Beginning 2020,  the Green Climate Fund will require that the donor nations provide a total of  $100 billion per year! So what has been given so far is chump change.

Well, what do the other 160 nations have to lose by not joining?  Free money is what they will lose if they don’t sign up.  In fact, only about 13 countries are contributing any serious money. The nearly “200 nations” is a bogus issue.

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