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Note to BP Shareholders About Your Dividends
The reason your dividends were (past tense) higher than U.S. Treasury yields is because there was risk involved in this investment, even if you pretended otherwise. That’s why you get more money...
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Freedom of Speech Now Costs $40,000. If Only the 2nd Amendment Cost So Much
BP: not only trashing our oceans, but the First Amendment too! From Raw Story: Journalists who come too close to oil spill clean-up efforts without permission could find themselves facing a $40,000...
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BP, Scientists, and Gag Agreements
Last week, I wrote about a column by biologist Marc Lipsitch, who described a conflict of interest for scientists that has not been discussed: gag agreements for scientists who accept industry funding....
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That’s the Sound of the Men, Working on the ChainOil Gang
Someone tell me why we didn’t nationalize BP assets in the U.S., fire the board of directors and other high-level managers, and then use the assets to fix all of the problems–including the unemployment...
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A Defense of Nuclear Power As a Second Best Option
In light of the nuclear power plant partial meltdowns in Japan, there are calls for not expanding the U.S. nuclear power plant capacity, and even shutting down existing plants. What bothers me about...
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What Is Really Required to Move to a Renewable Energy Future: The Lance...
A while ago, I raised the problem–an inconvenient truth, if you will–that moving to a renewable energy future is going to be difficult: My impression reading a lot of commentary about renewable energy...
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How High Gas Prices Are an Income Transfer to the Very Rich From the Rest of Us
Dan Froomkin has a great article about the role that financial speculation plays in driving up gasoline prices*. Keep in mind that even Goldman Sachs, the largest oil trader, admits that speculation...
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Why Do We Fetishize Budget Deficits and Not Trade Deficits?
Before I get into the meat of the post, if, after reading this, you end up obsessing over trade deficits too, then I’ve failed (just wanted to make that clear). But imagining what the possible...
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Note to Unions: This Is Not How You Build a Coalition
The old saw that ‘we hang together or we get hung separately‘ is a perfect description of how the left has disintegrated into irrelevance. Too often, groups will focus on modest gains for their own...
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Will the Obama Administration Help the Wackaloon Koch Brothers Get Even Richer?
And, if so why? By way of John Aravosis, we come across this interesting revelation about who would benefit from the approval of the Keystone-XL pipeline, which is widely opposed–because we need...
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