Last Word from the Competitive Enterprise Institute

Thu, 2005-12-08 09:32Jim Hoggan
Jim Hoggan's picture

Last Word from the Competitive Enterprise Institute

The Competitive Enterprise Institute, Washington, D.C.'s favorite industry-funded “environmental think tank,” offered up a definitive article on climate change in July of this year.

The CEI began by saying: “Global warming is happening and man is responsible for at least some of it.”

You can click here and read the entire, tortured, outdated 2,913-word argument about how that's really okay – how facing the problem might cause economic dislocation among CEI's major funders – but we think we have excerpted the most important part of the paper in those opening 14 words.

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If you want to see the future of the shale industry — what today's drilling rush will leave behind — come to Bradford, Pennsylvania.

A small city, it was home to one of America's first energy booms, producing over three quarters of the world's oil in 1877. A wooden oil rig towering over a local museum commemorates those heady days, marking the first “billion dollar oil field” in the world.

But times have changed dramatically in Bradford. Most of the oil has been pumped out, leaving residents atop an aging oil...

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