Maybe it’s not a marble-sized balloon after all? BP finds another new oil source. A 20%-30% recovery rate, which would be typical for this kind of field, would imply recoverable reserves of 600 million to 900 million barrels of oil equivalent, said Mr. Hutton. … The Tiber well, 250 miles southeast of Houston, Texas, is […]
Read Full Post »
You know, that silly little idea that gave states some autonomy from despotic central government rule? I just read an Oped in the WSJ citing how a (federal) EPA ruling on the Endangered Species Act has had the (yet again) unintended consequence of helping thousands of California farmers into a severe drought. Aside from the […]
Read Full Post »
Posted in Unintended Consequences on Sep 2nd, 2009
Many excellent articles have been written demonstrating the nonsense of the cash for clunkers program, so I do not want to reiterate those points here. I would like to ask a simple question. Who is going to be held responsible for the increase in automobile deaths and injuries that might result from such a program? […]
Read Full Post »