Tag Archives: carbon tax

The proposed US carbon tax – a recipe for disaster

A group of Republican elder statesmen have recommended that the US adopt a $40/ton carbon tax as the “most efficient and effective way of reducing CO2 emissions”. This post reviews the potential economic impacts of such a tax on the US energy sector. It concludes that the impacts on the oil and natural gas sectors would be comparatively minor but that the impacts on the coal sector would be severe. Electric utilities with a high percentage of coal in their generation mix could well be driven into bankruptcy. Continue reading

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Blowout Week 163

This week: Australian blackouts; NOAA plays fast and loose with temperature data; a US carbon tax? OPEC’s production cuts; Horse Hill resource upgraded; North Sea on road to recovery; Vattenfall loses money on nuclear; fire at Flamanville; Nord Stream 2 and Europe’s energy security; do we need Yucca Mountain? radiation from power plants; Bangladesh bets on coal; wind power growth in Europe; the UK capacity auction; Brexit to hold up Anglesey nuclear plant, Russian nuclear in Hungary; Google and renewables; UK solar industry takes dim view of energy storage; climate change to overload US grid; distressed US climate scientists welcome in France and Lord’s cricket ground goes renewable. Continue reading

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Blowout Week 123

A few careless campers who forgot to extinguish their campfire, or maybe a few kids playing with matches, or a cigarette, or an arsonist, a piece of glass, whatever, have in the last few days done more to bring the global oil market back into balance than OPEC and the rest of the world’s producers put together. Continue reading

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