The Foundry

• The Killer Frost for Global Warming – Washington Times

Turn up the heat, somebody. The globe is freezing. Even Al Gore is looking for an extra blanket. Winter has barely come to the northern latitudes and already we’ve got bigger goosebumps than usual. So far the National Oceanic and Atmospheric Administration (NOAA) reports 63 record snowfalls in the United States…

• Automaker Bailout: Bad for Trade, Bad for the Economy – InsiderOnline

An important point to keep in mind about any and all bailouts: While corporate welfare is always a bad idea, the costs of such policies consist not in the transfer of wealth from taxpayers but in the less-productive allocation of resources that arises from the distortion of incentives that bailouts create…

• Oil Woes for the DOE – Adam Smith Institute

So, US crude oil production increased 182,000 barrels (or .01 percent) in 2007 compared to 2006. Good news, right? It would be, if that were not the first time production has increased since 1991, and only the tenth time that annual oil…

• Congress: Energy Prices are Falling, Please Don’t Do Anything! – Americans for Tax Reform

Take a look at the image to the left (it should open larger if clicked). Every time Congress tried a “compromise” or tried to raise taxes to lower energy costs (that backwards logic still makes my head spin), the cost of energy went up…