This time is different, because in the 1970's price controls kept gas prices from rising, leading to shortages and long lines.

Can I guess? "Energy Policy"?
(I withdrew a submitted paper there rather than wait.)

Opinion: Why your Google search won’t be carbon free anytime soon Wanna-be climate-friendly electricity users can’t ensure their power comes from clean generators. Claims to do so amount to greenwashing.

Here's a live link:
Why your Google search won’t be carbon free anytime soon
www.mercurynews.com/2026/04/07/o...

Also supports Betteridge's law of headlines:

en.wikipedia.org/wiki/Betteri...

One of my all-time favorite papers is now also an AEA Best Paper award winner:

AEJ: Applied Economics: "Do Carbon Offsets Offset Carbon? by Raphael Calel, @jmcolmer.bsky.social , Antoine Dechezleprêtre, and Matthieu Glachant January 2025

www.aeaweb.org/about-aea/ho....

Opinion | Congestion pricing would cripple downtown D.C. Mayoral candidates see drivers as enemies as they declare war on cars.

The @washingtonpost.com and @nytimes.com editorial boards are debating congestion pricing. Guess which one's position rests on experience, data, and evidence?

WaPo: www.washingtonpost.com/opinions/202...

NYT: www.nytimes.com/2026/03/27/o...

There’s a New Place to Store Greenhouse Gases: In Your Beer

Wait!
What generates the electricity necessary to capture the CO2 to put in your beer? Burning coal or gas, right?

www.nytimes.com/2026/03/23/c...

New paper on oil & gas!

We look at aging, low production, low profitability wells.

U r probably thinking it’s a poorly timed paper release - we’re all thinking about high oil prices now.

But new drilling is exactly when u should first start thinking about...

www.nber.org/papers/w34961

1/N

Happy Birthday JCT

Kavanaugh’s dissent says IEEPA’s text allowing the president to “regulate … importation” includes the power to tax imports.

Would he agree that the Clean Air Act’s directive that the EPA “Administrator shall regulate" pollution from electric utilities includes the power to tax their emissions?

6) from @adriandeveny.bsky.social

"If the federal government wants to more heavily regulate greenhouse gas emissions, Congress needs to pass a new law."

The Inflation Reduction Act of 2022 explicitly amended the Clean Air Act to designate six greenhouse gases as air pollutants.

While that can sometimes work, and while simple rules often clarify, when long unwieldy subclauses junk up the front of a sentence pushing the main clause to the end, following that rule buries the main information.

6) Got more? Add your own.

5) “the Supreme Court will eventually rule on this week’s move, as well, ostensibly in favor.”

Really? A U.S. District Court in January tossed the DOE’s fake-science report meant to support the endangerment repeal.

4) “light and medium-duty cars and trucks combined to generate just 1.8 percent of global greenhouse gas emissions in 2022.”

Cars and light trucks account for around 16% of U.S. emissions. The U.S. accounts for around 12% of global emissions. Why are we multiplying those two numbers?

3) “free-market-driven innovation has done more to combat climate change than regulatory power grabs like the “endangerment finding.”

Really? You have evidence, or is this just empty ideological bluster?

2) “There may come a time when the people elected to enact laws decide the modest benefits of regulating greenhouse gases outweigh the considerable economic costs.”

Wrong. Benefit cost analyses regularly show the benefits of reducing GHGs vastly outweigh the costs.

1) “in 2009, the EPA decided it would treat greenhouse gases like other pollutants, despite their damage being global rather than local.”

No, the Bush-era EPA decided *not* to regulate greenhouse gases, was sued, and lost in the Supreme Court.

The new WaPo is wrong, wrong, wrong in so many ways. Let's count:

www.washingtonpost.com/opinions/202...

Tariffs on solar panels have been even worse than I thought. Never mind the environmental cost, the pass-through rate to US consumers was more than 100%.

Each $1 of tariff cost US solar customers $1.17.

And a federal judge tossed the report. Not because it's junk science, but because of a DOE process foul selecting the junk scientists who authored it.

www.nytimes.com/2026/01/30/c...

Talking with Chad Bown YouTube video by Paul Krugman

I watched and learned as @chadpbown.com explains trade policy (nicely) to @pkrugman.bsky.social.

(Love the screen grab, too.)

youtu.be/kVZMns6NuVI?...

Economists make climate policy seem so straightforward.

If you you miss reading a proper cost-benefit analysis of environmental policy, one that fully accounts for costs AND benefits, here's California CARB's proposed GHG cap-and-invest regulations, dropped at noon.

No "we won't value public health benefits just because they're uncertain" shenanigans.

How to Win a Trade War: An Optimistic Guide to an Anxious Global Economy How to Win a Trade War: An Optimistic Guide to an Anxious Global Economy [Keynes, Soumaya, Bown, Chad] on Amazon.com. *FREE* shipping on qualifying offers. How to Win a Trade War: An Optimistic Guide to an Anxious Global Economy

Pre-ordered mine. 5 months early. Because I'll read anything by these two explainers.

www.amazon.com/exec/obidos/...

Pepco (Exelon) send me this unhelpful alert, informing me that I spent more on electricity this month than last.

But guess what? I used *less* electricity. I spent more because the company charged me more. Thanks for nothing, @exelonofficial.bsky.social.

📢 Just accepted in #JAERE! 📢
"Decarbonizing Aviation: Cash-for-Clunkers in the Airline Industry" by Jan K. Brueckner, Matthew E. Kahn ( @mattkahn1966.bsky.social ), and Jerry Nickelsburg.
Read it here: buff.ly/JExG0Iz
📈📉 #Econsky

EU to extend carbon border levy to new products, drafts show The European Union plans to expand its upcoming carbon border tariff to cover imported products including car parts, refrigerators, and washing machines, draft European Commission documents seen by Re...

More news on CBAM expansion plans.

www.reuters.com/sustainabili...

It's even worse than Max humorously gripes. Can anybody look at Max's bill and calculate his incremental cost per kWh?

[ChatGPT tells me it's "approximately $0.65 per kWh.]

Fraud and cover-up Fraud and cover-up

All is not well at Elsevier richardtol.substack.com/p/fraud-and-...