Merrill Matthews's blog

Keystone already pipes oil to US

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Here’s a little-known fact: The Keystone pipeline system has been transporting oil sands from Canada to U.S. refineries in the Midwest for three years — with no major leaks and, more importantly, no major complaints from environmentalists.

The Keystone pipeline project includes four phases. The Keystone XL that has received so much media attention is only the last phase. Read More»

For lowest CO2 levels in 17 years, thank fracking

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The most underreported recent environmental story has been the dramatic decline in energy-related carbon emissions — nearly back to mid-1990s levels, and falling.

Maybe it’s because that story just doesn’t fit the left’s mantra that traditional energy sources are destroying the environment.

The U.S. Energy Information Administration’s (EIA) June energy report says that energy-related carbon dioxide fell to 5,473 million metric tons (MMT) in 2011.

That’s down from a high of 6,020 MMT in 2007, and only a little above 1995’s level of 5,314 MMT. Read More»

The looming triple tax hike in your future

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Imagine if your taxes tripled — literally overnight.

The so-called Bush tax cuts are set to expire at the end of the year. That means that all of the current income tax rates will rise to pre-2001 levels overnight.

The lowest rate will jump from 10 percent to 15 percent and the highest from 35 percent to 39.6 percent.

Although Congress extended all of the cuts at the end of last year, it’s now debating whether to let those cuts expire for individuals making $200,000, and families earning $250,000. Read More»

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