1. Via Bookslut, check out the Walter Benjamin book cover (scroll down a tiny bit).
2. Are CD boxed sets disappearing?
4. New libertarian and right-wing blog on culture, YeahRight.
5. The carbon tax in our future, details revealed.
by Tyler Cowen on July 9, 2008 at 11:26 pm in Web/Tech | Permalink
1. Via Bookslut, check out the Walter Benjamin book cover (scroll down a tiny bit).
2. Are CD boxed sets disappearing?
4. New libertarian and right-wing blog on culture, YeahRight.
5. The carbon tax in our future, details revealed.
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Sweet. A negative carbon tax.
I also especially like the proposed requirement that new domestic oil production be reserved for public use. Awesome! This will be a very effective requirement! Because oil certainly isn’t fungible!
The politicians themselves are not morons — they tend to focus on meaningless actions that look like solutions to the people who don’t know any better, and don’t look too destructive to the people who do know better.
As far as I can tell, proposed additional domestic drilling isn’t projected to have a significant impact on the global price of oil:
For ANWR:
http://en.wikipedia.org/wiki/Arctic_Refuge_drilling_controversy#Projected_impact_on_global_price
For offshore sites:
http://www.eia.doe.gov/oiaf/aeo/otheranalysis/ongr.html
I haven’t pored over these too deeply, but it does not appear that the proposed drilling sites will make anything like the economic difference that you suggest. It seems more likely that within 20 years of such drilling we might expect a 1-2% reduction in the price of oil. Do you dispute those numbers or have alternate estimates in mind?
Oops. I also left out other areas located under federal land that are off limits due to massive government failure as well.
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