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Latest News

California has Billions in Extra Money. Why Don’t Taxpayers Get a Refund?

California state government has so much money this year that it’s opening two new savings accounts so it can keep socking away even more cash for the rainy day that Gov. Jerry Brown says is just over the horizon. That tactic — setting a course to pile up $16 billion in savings over the next […]

Texas Produces Five Times the Wind Power as California at Almost Half the Price—Blame Regulation

The electricity markets in the two most-populous states couldn’t be more different. California government heavily regulates electricity while Texas allows free market competition in most of the state. Yet, Texas produced about five times the amount of wind power as did California in 2017 while it generated about 29 percent more non-hydroelectric renewable power (California’s strict renewable […]

California to Become First U.S. State Mandating Solar on New Homes

For seven years, a handful of homebuilders offered solar as an optional item to buyers willing to pay extra to go green. Now, California is on the verge of making solar standard on virtually every new home built in the Golden State. The California Energy Commission is scheduled to vote Wednesday, May 9, on new […]

Trump’s Revenge: U.S. Oil Floods Europe, Hurting OPEC and Russia

As OPEC’s efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits—and flooding Europe with a record amount of crude. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd), a deal they say has largely rebalanced […]
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