Category: Energy/Environment

Price Gouging Rewards Conservation and Increases Supply

(p. B1) On its face, the very idea of price gouging, especially during a natural disaster, feels outrageous. Indeed, 34 states have anti-gouging laws meant to protect consumers.
However, in a small slice of the world of economists and businesses, there is a fascinating debate about the topic — with many arguing that price gouging is actually a good thing.
. .
(p. B6) “Price caps discourage extraordinary supply efforts that would help bring goods in high demand into the affected area,” Michael Giberson, an instructor with the Center for Energy Commerce in the Rawls College of Business at Texas Tech University, wrote in an opinion piece from several years ago that was widely circulated around parts of Wall Street this weekend. Meanwhile, he suggested, “You discourage conservation of needed goods at exactly the time they are in high demand.”
He added, “In a classic case of unintended consequences, the law harms the very people whom lawmakers intend to help.”
Consider this scenario, as described by Matt Zwolinski, the director of the Center for Ethics, Economics, and Public Policy at the University of San Diego: If a hotel that normally charges $50 per room were allowed to double the price to $100 a night during an emergency, “a family that might have chosen to rent separate rooms for parents and children at $50 per night will be more likely to rent only one room at the higher price, and a family whose home was damaged but in livable condition might choose to tough it out if the cost of a hotel room is $100 rather than $50.”
The result, he contended in a paper titled “The Ethics of Price Gouging,” is that allowing higher prices “increases the available supply — as a result of consumers’ economizing behavior, more hotel rooms are available to individuals and families who need them most.”

For the full commentary, see:
Sorkin, Andrew Ross. “DEALBOOK; Price Gouging Can Aid Victims? Why Some Economists Say Yes.” The New York Times (Tues., Sept. 12, 2017): B1 & B6.
(Note: ellipsis added.)
(Note: the online version of the commentary has the date Sept. 11, 2017, and has the title “Hurricane Price Gouging Is Despicable, Right? Not to Some Economists.”)

The article by Zwolinski, mentioned above, is:
Zwolinski, Matt. “The Ethics of Price Gouging.” Business Ethics Quarterly 18, no. 3 (July 2008): 347-78.

“Hurricane Superstar” Had No Use For Global Warming

(p. 24) William M. Gray, whose pioneering research helped him make hurricane predictions for three decades and allowed the East Coast and the Caribbean to gird for their fury, died on Saturday [April 23, 2016] in Fort Collins, Colo. He was 86.
. . .
Dr. Gray issued his first data-driven seasonal forecast in 1984. He eventually aggregated measures of atmospheric conditions, water current and water temperature to predict the number and intensity of tropical storms, rather than their paths or potential landfalls.
. . .
Dr. Gray was skeptical about the causes of climate change, prompting vitriolic exchanges with other scientists. Judith A. Curry, who was chairwoman of the School of Earth and Atmospheric Sciences at the Georgia Institute of Technology, accused him of “brain fossilization.”
Dr. Gray was less alarmed than many of his colleagues at the rate of climate change and attributed it to natural causes, like the circulation of heat-bearing ocean currents, rather than to the human-made greenhouse effect of heat-trapping gasses from burning fossil fuels like coal and oil.
“After unveiling the first Atlantic seasonal hurricane forecasting system in 1984, he became a hurricane superstar and darling of the media,” Chris Mooney wrote in 2007 in “Storm World: Hurricanes, Politics, and the Battle Over Global Warming.” “But he had absolutely no use for the notion of global warming, much less the idea that it might seriously affect the storms he’d spent a lifetime studying. And he had no problem saying so — loudly and often.”
In an interview with Westword, a Denver online newsletter, in 2006, Dr. Gray said, “When I am pushing up daisies, I am very sure that we will find that humans have warmed the globe slightly, but that it’s nothing like what they’re saying.”

For the full obituary, see:
SAM ROBERTS. “William M. Gray, 86, a Predictor of Hurricanes’ Fury.” The New York Times, First Section (Sun., APRIL 24, 2016): 24.
(Note: ellipses, and bracketed date, added.)
(Note: the online version of the obituary has the date APRIL 20 [sic], 2016, and has the title “William M. Gray, Hurricane Predictor and Climate Change Skeptic, Dies at 86.”)

The book by Mooney, mentioned above, is:
Mooney, Chris. Storm World: Hurricanes, Politics, and the Battle over Global Warming. Orlando, FL: Houghton Mifflin Harcourt, 2007.

“Possibly Extinct” Cave Squeaker Frog Keeps on Squeaking

(p. 6) HARARE, Zimbabwe — The cave squeaker is back.
Researchers in Zimbabwe say they have found a rare frog that has not been seen in decades.
The Arthroleptis troglodytes, below, also known as the cave squeaker because of its preferred habitat, was discovered in 1962, but there were no reported sightings of the elusive amphibian after that. An international “red list” of threatened species tagged them as critically endangered and possibly extinct.
Robert Hopkins, a researcher at the Natural History Museum of Zimbabwe, in Bulawayo, said his team had found four specimens of the frog in its known habitat of Chimanimani, a mountainous area in eastern Zimbabwe.
The research team found the first male specimen on Dec. 3 [2016] after they followed an animal call they had not heard before, Mr. Hopkins said. They then discovered two other males and a female. Mr. Hopkins said he been looking for the cave squeaker for eight years.

For the full story, see:
THE ASSOCIATED PRESS. “Rare Frogs Seen in 1962 Resurface in Zimbabwe.” The New York Times, First Section (Sun., FEB. 5, 2017): 8.
(Note: bracketed year, added.)
(Note: the online version of the story has the date FEB. 4, 2017, and has the title “Cave Squeaker, Rare Frog Last Seen in 1962, Is Found in Zimbabwe.”)

Natural Gas Tanker Reaches South Korea 30 Percent Faster, Through Arctic

(p. 12) A Russian-owned tanker, built to traverse the frozen waters of the Arctic, completed a journey in record time from Europe to Asia this month, auguring the future of shipping as global warming melts sea ice.
The Christophe de Margerie, a 984-foot tanker built specifically for the journey, became the first ship to complete the so-called Northern Sea Route without the aid of specialized ice-breaking vessels, the ship’s owner, Sovcomflot, said in a statement.
. . .
The ship, transporting liquefied natural gas, completed the trip from Norway to South Korea Thursday of last week, in just 19 days, 30 percent faster than the regular route through the Suez Canal, the company said.
Sailors have for centuries sought a navigable Northwest Passage: a shorter, faster route between the Atlantic and Pacific Oceans that transits the Arctic.

For the full story, see:
RUSSELL GOLDMAN. “No Icebreaker Needed: Thaw Lets Tanker Traverse Arctic.” The New York Times, First Section (Sun., AUG. 27, 2017): 12.
(Note: ellipsis added.)
(Note: the online version of the story has the date AUG. 25, 2017, and has the title “Russian Tanker Completes Arctic Passage Without Aid of Icebreakers.”)

Large Carbon Footprint of Air Travel to Climate Activist Meetings

(p. 7A) If climate change is really such a crisis, and if sacrifice on our part is needed to stop it, why aren’t we seeing more sacrifice from people who think it’s a problem?
As one person asked on Twitter, “What if climate scientists decided, as a group, to make their conferences all virtual? No more air travel. What a statement!” And what if academics in general–most of whom think climate change is a big deal–started doing the same thing to make an even bigger statement?
What if politicians and celebrities stopped jetting around the world–often on wasteful private jets instead of flying commercial with the hoi polloi–as a statement of the importance of fighting climate change?
And what if they lived in average-sized houses, to reduce their carbon footprints? What if John Kerry, who was much put out by President Trump’s withdrawal from the non-binding Paris agreement, gave up his yacht-and-mansions lifestyle ?
What if, indeed? One reason so many people don’t take climate change seriously is that the people who constantly tell us it’s a crisis never actually act like it’s a crisis.

For the full commentary, see:
Reynolds, Glenn Harlan. “To Fight Climate Change, Start with Celebs, Pols.” USA Today (Mon., June 12, 2017): 7A.

Rising Hurricane Costs Due to More Rich People Choosing to Live on Coast

(p. A15) “An Inconvenient Truth” promoted the frightening narrative that higher temperatures mean more extreme weather, especially hurricanes. The movie poster showed a hurricane emerging from a smokestack. Mr. Gore appears to double down on this by declaring in the new film’s trailer: “Storms get stronger and more destructive. Watch the water splash off the city. This is global warming.”
This is misleading. The Intergovernmental Panel on Climate Change–in its Fifth Assessment Report, published in 2013–found “low confidence” of increased hurricane activity to date because of global warming. Storms are causing more damage, but primarily because more wealthy people choose to live on the coast, not because of rising temperatures.
Even if tropical storms strengthen by 2100, their relative cost likely will decrease. In a 2012 article for the journal Nature Climate Change, researchers showed that hurricane damage now costs 0.04% of global gross domestic product. If climate change makes hurricanes stronger, absolute costs will double by 2100. But the world will also be much wealthier and less vulnerable, so the total damage is estimated at only 0.02% of global GDP.

For the full commentary, see:
Bjorn Lomborg. “Al Gore’s Climate Sequel Misses a Few Inconvenient Facts; Eleven years after his first climate-change film, he’s still trying to scare you into saving the world.” The Wall Street Journal (Fri., July 28, 2017): A15.
(Note: the online version of the commentary has the date July 27, 2017.)

Artificial Technology Can Make Food Safer

(p. A11) . . . the wider food-handling community increasingly is calling for a “kill step” in handling raw vegetables and produce.
Cooking (properly) is a kill step that works for food that is cooked.
. . .
After the 2015 disaster, Chipotle hired Prof. James Marsden of Kansas State University’s renowned food safety program. By the details released so far, the company has indeed begun experimenting with kill steps. These include blanching–dipping produce in boiling water–or spritzing with “natural” pathogen-neutralizers like lemon juice. Certain tasks have also been shifted to a central, McDonald’s -style kitchen and away from the local restaurant, though the company says certain steps were reversed when customers complained about the taste or appearance of their meals.
. . . Many in the food-safety camp are already keen on more-energetic kill steps, such as irradiation, chemical treatment with ozone or chlorine compounds, or the use of high-barometric-pressure systems.
. . .
A 2007 KSU study put volunteers in a test kitchen to see if they could follow directions safely to prepare frozen, uncooked, breaded chicken products. Many couldn’t. Among the findings: 100% of adolescents (the kind that work in fast-food restaurants) claimed they washed their hands when video monitoring showed they hadn’t.

For the full commentary, see:
Holman W. Jenkins, Jr. “Chipotle Seeks a ‘Kill Step’; America’s growing taste for fresh greens is a challenge to food-handling practices.” The Wall Street Journal (Sat.., July 29, 2017): A11.
(Note: ellipses added.)
(Note: the online version of the commentary has the date July 28, 2017.)

War and Pandemics Are Greater Threats than Global Warming

(p. A17) To arrive at a wise policy response, we first need to consider how much economic damage climate change will do. Current models struggle to come up with economic costs commensurate with apocalyptic political rhetoric. Typical costs are well below 10% of gross domestic product in the year 2100 and beyond.
That’s a lot of money–but it’s a lot of years, too. Even 10% less GDP in 100 years corresponds to 0.1 percentage point less annual GDP growth. Climate change therefore does not justify policies that cost more than 0.1 percentage point of growth. If the goal is 10% more GDP in 100 years, pro-growth tax, regulatory and entitlement reforms would be far more effective.
. . .
Global warming is not the only risk our society faces. Even if science tells us that climate change is real and man-made, it does not tell us, as President Obama asserted, that climate change is the greatest threat to humanity. Really? Greater than nuclear explosions, a world war, global pandemics, crop failures and civil chaos?
No. Healthy societies do not fall apart over slow, widely predicted, relatively small economic adjustments of the sort painted by climate analysis. Societies do fall apart from war, disease or chaos. Climate policy must compete with other long-term threats for always-scarce resources.

For the full commentary, see:
David R. Henderson and John H. Cochrane. “Climate Change Isn’t the End of the World; Even if world temperatures rise, the appropriate policy response is still an open question.” The Wall Street Journal (Mon., July 31, 2017): A17.
(Note: ellipsis added.)
(Note: the online version of the commentary has the date July 30, 2017.)

Process Innovations Increase Access to Natural Resources

(p. B6) SUPERIOR, Ariz.–One of the world’s largest untapped copper deposits sits 7,000 feet below the Earth’s surface. It is a lode that operator Rio Tinto PLC wouldn’t have touched–until now.
. . .
Advances in mining technology are making that possible–just as developments in oil and gas drilling heralded the fracking revolution. Now, using everything from sensors and data analytics to autonomous vehicles and climate-control systems, Rio aims to pull ore from more than a mile below ground, where temperatures can reach nearly 175 degrees Fahrenheit.
. . .
While a deep underground block-cave mine costs much more to develop, Rio says it can match the operating costs per ton of ore of a surface mine, partly because it is so mechanized.
. . .
As with the development of new hydraulic-fracturing and horizontal-drilling techniques to extract oil from shale-rock deposits, locating and extracting the copper successfully requires deployment of new technologies such as cheaper, more powerful sensors and breakthroughs in the use of data.
, , ,
Electrical gear buzzes constantly, and a network of pipes pumps water out of the shaft at the rate of 600 gallons a minute. A ventilation system cools the area to 77 degrees.
Over the next few years, Rio plans to deploy tens of thousands of electronic sensors, as well as autonomous vehicles and complex ventilation systems, to help it bring 1.6 billion tons of ore to the surface over the more than 40-year projected life of the mine.

For the full story, see:
Steven Norton. “Rio Digs Deeper for Copper.” The Wall Street Journal (Thurs., June 8, 2017): B6.
(Note: ellipses added.)
(Note: the online version of the story has the date June 7, 2017, and has the title “Mining a Mile Down: 175 Degrees, 600 Gallons of Water a Minute.”)

The Individual Can Still Matter–How Diego “Saved His Species”

(p. 1) Diego has fathered hundreds of progeny — 350 by conservative counts, some 800 by more imaginative estimates. Whatever the figure, it is welcome news for his species, Chelonoidis hoodensis, which was stumbling toward extinction in the 1970s. Barely more than a dozen of his kin were left then, most of them female.
Then came Diego, returned to the Galápagos in 1977 from the San Diego Zoo.
“He’ll keep reproducing until death,” said Freddy Villalva, who watches over Diego and many of his descendants at a breeding center at this research facility, situated on a rocky volcanic shoreline. The tortoises typically live more than 100 years.
. . .
(p. 7) Diego, and his offspring, are part of one of the most high-profile efforts to keep Galápagos tortoise populations thriving. The tortoise, estimated to be perhaps a century old, is one of the main drivers of a remarkable recovery of the hoodensis species — now more than 1,000 strong on their native island of Española, one of the dozen Galápagos islands.

For the full story, see:
NICHOLAS CASEY. “Meet Diego, a Giant (and Prolific) Tortoise Who Saved His Species.” The New York Times, First Section (Sun., MARCH 12, 2017): 1 & 7.
(Note: ellipsis added.)
(Note: the online version of the story has the date MARCH 11, 2017, and has the title “Meet Diego, the Centenarian Whose Sex Drive Saved His Species.”)

Human Species Is Highly Adaptable to Climate Variation

(p. A15) In “Evolution’s Bite,” paleoanthropologist Peter S. Ungar follows the stories encapsulated in our enamel-coated anatomy.
Mr. Ungar’s story isn’t so much about teeth themselves as about the sweeping tale of human evolution as seen through the mouth.
. . .
Unpredictability in climate and resources, Mr. Ungar emphasizes, has made us a species adapted to variation. Drawing from the work of researchers like Elisabeth Vrba and Rick Potts, he underscores how environmental shifts influence our evolution just as they have for other animals. The invention of culture did not somehow free us from nature. Our existence and continuing evolution are still influenced by shifts in climate and their effects. Humans didn’t become locked into just one narrow mode of life but rather became a flexible species as comfortable above the Arctic Circle as on the equator. “Climate change,” he writes, “drove human evolution, in large part by swapping out food options available on the biospheric buffet.”
This new story–that humans became adapted to the variability of the world rather than any one set of conditions–hasn’t had time to become pop-culture canon just yet. Images of Man the Hunter stepping out onto the savanna in search of big game still dominate. “The story used to be simpler,” Mr. Ungar writes, when it seemed that “the spreading savanna coaxed our ancestors down from the trees, and the challenges it brought made them human.” All the same, the mounting swell of research doesn’t show a slow and steady transition from a chilly Ice Age world to the warmer one we know today. Instead, Mr. Ungar points out, temperatures dipped and spiked in a haphazard pattern prior to our influence on the climate, having an overall trajectory that we can detect now but that probably would have seemed simply chaotic to the people and creatures living through it.

For the full review, see:
Brian Switek. “BOOKSHELF; Chewing Over History.” The Wall Street Journal (Weds., May 31, 2017): A15.
(Note: ellipsis added.)
(Note: the online version of the review has the date May 30, 2017, and the title “BOOKSHELF; Chewing Over Humanity’s History.”)

The book under review, is:
Ungar, Peter S. Evolution’s Bite: A Story of Teeth, Diet, and Human Origins. Princeton, NJ: Princeton University Press, 2017.