Tag Archives: energy

Obama’s Energy Regulations To Cost Americans $460.5 Billion

By Michael Bastasch 

Energy and environmental regulations finalized by the Obama administration in the past five years come with a hefty price tag of $460.5 billion, according to data compiled by a center-right think tank.

The American Action Forum’s Regulation Rodeo database shows that the Obama administration finalized 275 energy and environment regulations between 2009 and 2014, with the price tag of each regulation averaging $1.75 billion.

And that doesn’t even consider the paperwork companies will have to complete. AAF data shows that Obama’s energy regulations have burdened Americans with 24.3 million paperwork hours. That means every year, Americans have to complete an additional 3.95 million hours of paperwork because of energy regulations.

Now, $460 billion is a huge price tag, but most of the administration’s regulatory costs come from some 29 regulations that each cost $1 billion or more. The two most expensive finalized rules were imposed by the EPA to fight global warming.

The biggest of these regulations is the “2017 and Later Model Year Light-Duty Vehicle Greenhouse Gas Emissions,” finalized in 2012. That regulation will cost $156 billion to implement, coming out to about $10.8 billion per year.

The second-most expensive rule finalized by the Obama administration was the “Light-Duty Vehicle Greenhouse Gas Emission Standards” that were passed in 2010 and were the “first phase” of regulating greenhouse gas emissions. Those regulations applied to light-duty vehicles from 2012 to 2016.

This “first phase” car-emissions rule is estimated to cost $51.8 billion, or $4.9 billion per year. This means the White House’s effort to “green up” cars will cost the U.S. economy nearly $208 billion, or about $16 billion per year.

The EPA justifies the high cost of these car-emissions rules by arguing that these standards will help get cars to 54.5 miles per gallon of gasoline which will save families “more than $1.7 trillion in fuel costs” and reduce U.S. “dependence on oil by more than 2 million barrels per day in 2025.”

The Department of Energy has also proposed some costly regulations. The costliest rule finalized by the DOE is its “Energy Conservation Standards for Residential Water Heaters.” The DOE finalized this rule in 2010 and estimated it to cost $36.6 billion, or $1.3 billion a year.

Again, the DOE says such a costly rule is justified because it will generate savings for consumers because of increased water and energy efficiency in residential water heaters.

Water-heater standards will have “$63 billion in energy bill savings for products shipped from 2015-2044,” according to the DOE. “The standard will avoid about 172.5 million metric tons of carbon dioxide emissions, equivalent to the annual greenhouse gas emissions of about 33.8 million automobiles.”

Follow Michael on Twitter
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org.

Former scientist jailed for attempting to sell nuclear bomb secrets

A former scientist who worked for the Los Alamos National Laboratory in New Mexico, has been sentenced to five years in prison for attempting to give nuclear secrets to Venezuelan operatives.

Pedro Leonardo Mascheroni, 79, pleaded guilty in 2013 to charges of espionage for delivering the nuclear plans to FBI agents. Mascheroni, who thought the FBI agents were with the Venezuelan government, also said he would build 40 nuclear bombs for Venezuela in exchange for “money and power,” according to St. Louis Today.

“I’m going to be the boss with money and power,” Mascheroni, who is a naturalized U.S. citizen from Argentina, reportedly said in recordings the FBI released Wednesday. “I’m not an American anymore. This is it.”

According to the BBC, Mascheroni said Venezuela would be able to establish a secret underground nuclear reactor in order to enrich plutonium, and he said the country would be able to produce a nuclear power plant as well.

John Carlin, the assistant attorney general for national security, told the Telegraph, “The public trusts that the government will do all it can to safeguard ‘Restricted Data’ from being unlawfully transmitted to foreign nations not entitled to receive it.” 

The “Restricted Data” included information concerning the manufacturing, design, and use of atomic weapons, as well as information involving the production of special nuclear material to create energy.

New Mexico US Attorney Damon Martinez also said, “Those who work at our country’s national laboratories are charged with safeguarding that sensitive information, and we must and will vigorously prosecute anyone who compromises our nation’s nuclear secrets for profit.”

Mascheroni is sentenced to five years in jail, while his wife Marjorie, who also worked for LANL and pleaded guilty to similar charges, will face one year is jail.

TATE: U.N. Report Blames Free Trade For Climate Change


new report from the United Nations claimed that as a result of increased international trade, rich countries are “outsourcing” carbon dioxide emissions to poor countries. This is driving global warming, the report argued.

The U.N. report said, “A growing share of CO2 emissions from fossil fuel combustion in developing countries is released in the production of goods and services exported, notably from upper-middle-income countries to high-income countries. A growing share of global emissions is released in the manufacture of products that are traded across international borders.”

According the to report, most of these emissions come from coal plants in China and other manufacturing countries that are producing electronic devices like “smartphones, cheap clothes and other goods.” These products are typically then bought and consumed in the United States and Europe. BenSwann.com’s Sonya Sandage wrote about the new U.N. report yesterday.

The U.N. continues to discourage free trade by lamenting carbon dioxide emissions. But the fact is that free trade benefits both consuming and manufacturing countries.

George Mason University economist Donald Boudreaux said, “Free trade increases prosperity for Americans — and the citizens of all participating nations — by allowing consumers to buy more, better-quality products at lower costs. It drives economic growth, enhanced efficiency, increased innovation, and the greater fairness that accompanies a rules-based system. These benefits increase as overall trade — exports and imports — increases.”

Furthermore, manufacturing raised the living standards in countries with developing economies like China. Economic analysts at consulting company McKinsey & Company said, “China’s emergence as a manufacturing powerhouse has been astonishing… China not only overtook the United States in 2011 to become the world’s largest producer of manufactured goods but also used its huge manufacturing engine to boost living standards by doubling the country’s GDP per capita over the last decade.”

Sandage reported yesterday that the U.N. recommends “a shift to clean energy and a move away from fossil fuels such as coal.”

But living standards in poor countries have increased due to coal. Chief Executive of World Coal Association (WCA), Milton Catelin, said, “No other poverty alleviation strategy in modern history has been more effective than the one implemented by China and driven by an economy fuelled at over 70 percent by coal.” The WCA reported, “Coal has been vital to global development – almost half of this century’s incremental energy has come from coal alone. Virtually all of the world’s poverty reduction between 1981 and 2008 took place in coal-fuelled China.”

The U.N. report also pointed out that carbon dioxide emissions may cause global warming. China has doubled their yearly carbon emissions since 2000 — a sizable percentage of such emissions are from manufacturing goods for consumption in the U.S. and Europe. Given this fact, many U.N. diplomats are trying to force consuming countries to pay poor countries for the emissions. This means taxpayers in the U.S. would be made to fork over more cash to the U.N. for climate change in the form of “loss and damage” payments.

The Daily Caller reported, “The issue ‘loss and damage’ will be revisited in 2016… Rich countries feared that creating a new UN mechanism for the damages of global warming would saddle them with new financial obligations — which would be unpopular in a time of slow economic growth, high unemployment and growing government debt… China and other poor countries have demanded $70 billion a year in climate aid by 2016.”

Bottom line: while the new U.N. report makes valid points about the possible future of the environment, it should not be blindly accepted. Like most organized groups, the U.N. has an agenda of its own.

Follow Kristin on Facebook and Twitter.