The Market Can Only Do What It Can Do, and We Can’t Know What Nature Will Do
Fred Schwartz highlights two stories related to Environment Protection Agency (EPA) dictats. First, it turns out that Americans are still disinclined to spend money on electric and hybrid vehicles. Second, the EPA has now put companies in the position of being fined for not including an additive that they simply can’t get.
Both articles reflect the EPA’s “make it so” mindset, in which the agency enacts rules in the belief that the mere act of doing so will make the necessary technology become available.
Schwartz notes that the EPA lucked out, with such a declaration, when the catalytic converter appeared in the ’70s and was actually able to meet fuel economy standards at a reasonable cost. The problem is that bureaucrats are not particularly well suited to determine what technologies are similarly just around the corner awaiting a little push. Of course, they no doubt think themselves luckier still when they’re able to collect money from businesses for not doing what cannot be done.
In other environmental news, the phenomenon of global warming may have the effect of holding off another ice age:
“(Analysis) suggests that the end of the current interglacial (period) would occur within the next 1,500 years, if atmospheric CO2 concentrations do not exceed (around) 240 parts per million by volume (ppmv),” the study said.
However, the current carbon dioxide concentration is of 390 ppmv, and at that level an increase in the volume of ice sheets would not be possible, it added.
Personally, having been scheduled to work outside pretty much all of this winter, I’m inclined to choose the latter between freeze and fry.