Sign up | Login with →

Posts by Geoffrey Styles Subscribe

Spending Cap & Trade's Proceeds

The new administration submitted its first federal budget to Congress yesterday. It projects a cumulative deficit of $8 trillion from 2009-18, even after the inclusion of two substantial new revenue sources: It increases taxes on the top quintile...

Posted February 27, 2009    

Energy Omission

When President Obama spoke about energy in last night's address to a joint session of Congress, his focus was on renewable energy. There was no mention of last year's hot-button issue of drilling for more oil off the coast of the US, and I doubt...

Posted February 25, 2009    

Logical Disconnect

According to a story in Saturday's Washington Post, the new Secretary of Transportation stepped out of line when he suggested that collecting the road tax based on miles traveled might be preferable to taxing sales of motor fuel. This is a complex...

Posted February 23, 2009    

Demand Rebound

For a long time, it appeared as though US gasoline consumption was impervious to increasing prices. Last year we learned again that the price elasticity of gasoline demand, while low, is not zero, as the combination of $4 prices and a weakening...

Posted February 19, 2009    

Energy Cornucopia

I've just spent the last several hours scanning through the conference version of the American Recovery and Reinvestment Act of 2009, a.k.a. the "stimulus bill." This is the final version of the bill that President Obama will sign into law in...

Posted February 17, 2009    

The Other Stimulus

A short item on gasoline prices in today's Wall Street Journal had me scratching my head this morning. It suggested that the recent modest recovery of gasoline prices has essentially ended the economic stimulus that cheaper gas has provided to the...

Posted February 12, 2009    

Tell California No

One of the most eagerly-awaited environmental decisions of the year is currently in the hands of the new Administrator of the Environmental Protection Agency. California has requested a waiver under the Clean Air Act to regulate CO2 as a pollutant...

Posted February 10, 2009    

Diesel Economics

Over the weekend I was thinking more about the diesel cars I test drove at the Washington, DC Auto Show last week. They certainly performed at least as well as their non-diesel counterparts--better if you count the big boost in torque from a diesel...

Posted February 9, 2009    

Building Bridges to Greener Wheels

It's a heck of a time to hold a car show, when new figures indicate car sales last month were off 37% compared to the prior January, and with a brand new administration for which cars must surely seem to be a much bigger problem than opportunity....

Posted February 4, 2009    

Cooler Is Relative

Well, it's official; the average global temperature for 2008 was 14.44° C (57.99° F.) That's 0.13° C (0.23° F) cooler than 2007's 14.57° (58.23° F.) In fact, according to NASA's Goddard Institute for Space Studies (GISS), 2008 was the coolest year...

Posted February 2, 2009    

Smarter Stimulus

As the US Senate debates its version of the $819 billion economic stimulus bill passed by the House on Wednesday, I hope they will give consideration to a smarter alternative to sweeping income tax cuts, the stimulative effect of which seems...

Posted January 30, 2009    

The Ripple Effect

The fallout from the collapse of oil prices in the last quarter of 2008 is still rippling through the economy. Yesterday's announcement of a $34 billion write-off by ConocoPhillips, the third-largest US oil company, is the latest signpost of this...

Posted January 29, 2009