More Obama Fiat

And the failures just keep coming.

This time, it’s President Barack Obama’s (D) effort to sabotage the oil industry as thoroughly as he’s done the coal industry.  Obama’s latest bit of I Know Better And Congress Be Damned is an Executive Order that is intended to ban

federal offshore drilling and mineral leases on some 3.8 million acres from Virginia to Maine and 115 million acres off the coast of Alaska, including some of the world’s great untapped repositories of hydrocarbons.

And he’s bragging that he thinks the move is permanent.

It’s a laughable as it is delusional.

The EU Strikes Again

In a 130-page decision from August that was made public on Monday, the European Commission, the EU’s executive arm, asserted that two Apple units registered in Ireland brought in $130 billion in profit over an 11-year period that should have been taxed at Ireland’s 12.5% corporate tax rate, but instead remained largely untaxed anywhere.

As the WSJ noted, this is an early volley in the struggle by European Union authorities to impose their tax will on scofflaw sovereign nations who are so impertinent as to apply to multinational corporations doing business within them national tax schemes and such emoluments as these nations deem useful rather than acceding to their EU Know Betters.

Never mind that the members of the EU still are sovereign nations.

Never mind that, in the present case, Ireland simply applied its domestic law to that subset of an international corporation doing business from within Ireland.

Never mind that Ireland has an unacceptably low (to the EU Know Betters) corporate tax rate, and so it’s winning the competition with continental Europe to attract business.

Maybe Ireland should reevaluate its relationship with the European Union.

A Disingenuous EPA

Talk about cost shifting.

The EPA is proposing a rule that will shift the cost of complying with its diktats—Superfund cleanups this time—onto private enterprise.  The rule

would cost the [mining industry] industry $171 million a year and save the EPA $527 million over 34 years

were the rule to be finalized.  Notice that: The EPA would save $527 million dollars over the 34 years–$15.5 million per year—while those $171 million per year inflicted on the industry works out to more than $5.8 billion over the 34 years.  And that’s per the EPA’s own Regulatory Impact Analysis.

Never mind that the EPA already has cost shifted at one environmental disaster that it caused, when it’s people blew out a closed mine in Colorado through their own idle carelessness and have yet to pay for the damage done and the cleanup.

Merry Christmas from the EPA.

A Redistribution

Erik Cafarella had a Letter to the Editor in Friday’s The Wall Street Journal in which he took notice of the added costs of ethanol mandates for our gasoline fuels.  The headline of his letter suggested that ethanol should be required to compete in a free market rather than be given a free ride via government mandate.

I offer a redistribution alternative that Progressives and their Democrat cronies should love.

Tax ethanol-laced gasoline, in that competitive market, at a higher rate than unadulterated gasoline.  Then send the extra tax money to the poor, whose food costs are elevated by the Federal mandate to produce ethanol.

How could a Progressive or Democrat deny our poor this boon?

Of Course It Is

Now that the Obama administration’s end is near, and a new guy is being put forward to run Obama’s EPA, that agency is changing its mind about the impact of fracking.

Fracking can affect drinking water supplies in certain circumstances….

The report, written by Environmental Protection Agency scientists, includes findings that are more open-ended than those in a draft version last year, when the agency said fracking, or hydraulic fracturing, isn’t having “widespread, systematic impacts on drinking water.”

When pressed on the “updated” report, which contradicts that earlier draft, EPA Deputy Assistant Administrator Thomas Burke conceded the draft’s prior conclusion that only a small number of cases of contamination had been found—even though that was left out of this later iteration of the report.

While the number of identified cases of drinking water contamination is small, the scientific evidence is insufficient to support estimates of the frequency of contamination[.]

Even the identified instances of contamination—surface spills of fracking fluids or poorly done cement casing of a wells—have little to do with fracking, but are failures to execute.

Of course this drives the conclusion that when you can’t find the needle in the haystack, you don’t have enough evidence to say that there aren’t many needles in the haystack.  That’s some science the EPA has there.

Keep in mind, too, that this is same agency whose pseudo-science concluded that plant food—atmospheric CO2—is a pollutant.

Apparently rigorous thinking was outside of these guys’ school safe spaces.