Biden grants Earth ‘climate stability’ through higher gas prices according to 2012 New York Times OpEd – NYT claimed massive increase in gas prices would ‘result in climate stability’

From Climate Depot

The 2012 NYT OpEd claimed a carbon tax with higher gas prices would result in not only “climate stability” but it would also prevent an “end [to] life as we know it.” … If Frank’s claims from 2012 were correct, the Earth’s climate should be in a perfect state of “stability” now given the massive increase in gas prices since President Joe Biden became president in 2021, a more than doubling of prices at the pump. If Frank’s claims from the New York Times were correct, President Biden has officially solved “climate change”  with his higher gas prices.

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But in 1976, the New York Times claimed a warmer climate produced climate stability. See:Flashback 1976: NYT: ‘Cool periods produce greater climate instability. Climatic events are then more extreme’

By: Marc Morano – Climate DepotMay 27, 2022 1:04 PM with 0 comments

A 2012 New York Times OpEd by Cornell University economist Robert H. Frank 2012 NY Times claimed a carbon tax of $300 a ton that increased gas prices by several dollars per gallon would “result in climate stability.” Frank, writing in the New York Times on August 25, 2012, claimed we could tax our way to the climate we desire.

The 2012 NYT OpEd claimed a carbon tax with higher gas prices would result in not only “climate stability” but it would also prevent an “end [to] life as we know it.”image.png

Economist Frank explained in the NYT: “Early studies by the Intergovernmental Panel on Climate Change estimated that a carbon tax of up to $80 per metric ton of emissions — a tax that might raise gasoline prices by 70 cents a gallon— would eventually result in climate stability. But because recent estimates about global warming have become more pessimistic, stabilization may require a much higher tax. How hard would it be to live with a tax of, say, $300 a ton?” 

If Frank’s claims from 2012 were correct, the Earth’s climate should be in a perfect state of “stability” now given the massive increase in gas prices since President Joe Biden became president in 2021, a more than doubling of prices at the pump. If Frank’s claims from the New York Times were correct, President Biden has officially solved “climate change”  with his higher gas prices.

.

Chronology of Biden’s Gasoline Price Hike – Up, up, up ‘from Biden’s first day in office’– From December 2020 through March 2022, U.S. monthly average unleaded regular gasoline prices doubled.

Biden’s America: Gas Prices Hit Record High Again, Rising 11 Cents Last Week

Biden admin ditches huge auction of oil & gas drilling rights as avg fuel prices hit ANOTHER record high

Biden praises high gas prices as part of ‘incredible transition’ away from fossil fuels

But in 1976, the New York Times claimed a warmer climate produced climate stability. See:

Flashback 1976: NYT: ‘Cool periods produce greater climate instability. Climatic events are then more extreme’

The magic of carbon taxes! Economist Herman E. Daly also claimed carbon taxes will bring “climate stability.” “And the most important public good served by the carbon tax would be climate stability, brought about by the consequent reduction in use of carbon fuels and the incentive to invent less carbon-intensive energy sources.” (Source) – Herman E. Daly, professor in the School of Public Policy at the University of Maryland, author of Ecological EconomicsSteady-State EconomicsValuing The Earth:  Climate Change: From ‘Know How’ to ‘Do Now’, Grist, Aug. 14, 2007.

Related Links:

Flashback 2012 Analysis of NYT OPED: Why a Carbon Tax Is Still a Bad Idea – By Kenneth P. Green

2012 NYT OpEd urges us to tax our way to the climate we want! A carbon tax would result in ‘climate stability’ & prevent an ‘end [to] life as we know it’ – Claimed big increase in gasoline prices “would eventually result in climate stability” 

Early studies by the Intergovernmental Panel on Climate Change estimated that a carbon tax of up to $80 per metric ton of emissions — a tax that might raise gasoline prices by 70 cents a gallon — would eventually result in climate stability. But because recent estimates about global warming have become more pessimistic, stabilization may require a much higher tax. How hard would it be to live with a tax of, say, $300 a ton?

If such a tax were phased in, the prices of goods would rise gradually in proportion to the amount of carbon dioxide their production or use entailed. The price of gasoline, for example, would slowly rise by somewhat less than $3 a gallon. Motorists in many countries already pay that much more than Americans do, and they seem to have adapted by driving substantially more efficient vehicles.

A carbon tax would also serve two other goals. First, it would help balance future budgets. Tens of millions of Americans are set to retire in the next decades, and, as a result, many budget experts agree that federal budgets simply can’t be balanced with spending cuts alone. We’ll also need substantial additional revenue, most of which could be generated by a carbon tax.

Prof. Frank’s columns in the NY Times Sunday business section:

Reducing CO2 emissions would actually be surprisingly easy. The most effective remedy would be a carbon tax, which would raise the after-tax price of goods in rough proportion to the size of their carbon footprint. Gasoline would become more expensive, piano lessons would not. … [W]e could insulate ourselves from catastrophic [climate] risk at relatively modest cost by enacting a steep carbon tax. Early studies by the Intergovernmental Panel on Climate Change estimated that a carbon tax of up to $80 per metric ton of emissions — a tax that might raise gasoline prices by 70 cents a gallon— would eventually result in climate stability. But because recent estimates about global warming have become more pessimistic, stabilization may require a much higher tax. How hard would it be to live with a tax of, say, $300 a ton? … Carbon Tax Silence, Overtaken by Events, Aug. 25, 2012)

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Tom Halla
May 27, 2022 2:05 pm

I have seen the crack that the New York Times uses a Magic 8ball with only two messages—Raise taxes, and Ban Guns.

Reply to  Tom Halla
May 27, 2022 2:17 pm

NY Slimes have an endless list on the left wing agenda….even if they actually achieved one it would mean nothing except moving on to the next one…..they need their own country….Cuba is for them but they refuse to move.

kenji
Reply to  Tom Halla
May 27, 2022 5:21 pm

Your forgot open borders. Oops … I mean the elimination of Nations

May 27, 2022 2:10 pm

Wow! Amazing that it is so simple to postpone the coming glaciation and save billions of lives! Who would have thought?

Peter W
Reply to  Toby Nixon
May 27, 2022 2:25 pm

I wonder what they will come up with when it becomes obvious that we are heading for the next big ice age?

Mike Dubrasich
Reply to  Peter W
May 27, 2022 11:08 pm

More taxes. What else?

Peter W
May 27, 2022 2:23 pm

The New York Times – what a bunch of complete idiots!

Derg
Reply to  Peter W
May 27, 2022 3:06 pm

And they won a Pulitzer Prize for their Russia colluuuusion narrative…oops I mean stories.

n.n
Reply to  Derg
May 27, 2022 3:12 pm

handmade tales

kenji
Reply to  n.n
May 27, 2022 5:23 pm

Can you even imagine HER as a handmaiden? No, in fact Bill looked elsewhere for his handmaidens. Found many of them on Epstein’s island

Mr.
Reply to  kenji
May 27, 2022 7:44 pm

I believe Bill looked for handjobs rather than handmaidens.

MarkW
Reply to  Derg
May 27, 2022 4:53 pm

They won Pulitzers for covering up the Russian famines back in the 1920’s as well.

Last edited 1 month ago by MarkW
Old Man Winter
May 27, 2022 2:26 pm

NYT be like:

0facts.jpg
Jeff Alberts
Reply to  Old Man Winter
May 27, 2022 8:25 pm

Almost no one gets that quote right. The dude never said “We don’t need no stinkin’ badges!”

Rocketscientist
May 27, 2022 2:28 pm

“Gasoline would become more expensive, piano lessons would not.”

12 years ago and they’re still at it.
How, ignorantly elitist. Really the price of piano lessons is determined by government taxes?
Better hope the student isn’t a heavy breather.
Hmm, piano teachers don’t drive cars?

Mike McMillan
Reply to  Rocketscientist
May 27, 2022 4:42 pm

I’m having my baby grand fitted with wheels.
My neighbors, however, would prefer that I took the piano lessons.

Old Man Winter
May 27, 2022 2:31 pm

Brandon’s part in creating “climate stability”:

gasupvot.jpg
Last edited 1 month ago by Old Man Winter
James Bull
Reply to  Old Man Winter
May 28, 2022 12:56 am

Does that come on a tee shirt? I got to get me one if it does.

James Bull

Bob
May 27, 2022 2:43 pm

East coast trash.

Richard Page
Reply to  Bob
May 28, 2022 4:50 am

It’s all crap, piles of steaming crap. What you are left with from reading past articles is that the ‘climate experts’ don’t know what’s happening, don’t have a clue what to do even if they did know what was happening and are just making things up as they go along to get their few minutes in the spotlight.

Chris Hanley
May 27, 2022 2:45 pm

… in 1976, the New York Times claimed a warmer climate produced climate stability …

Getting the climate ‘just right’ is not easy, you don’t want the carbon tax too low resulting in global warming but not too high causing too much cooling, like getting the shower ‘just right’ it will require delicate adjustment.

kenji
Reply to  Chris Hanley
May 27, 2022 5:25 pm

The MOST delicate adjustment? How expensive can you make gasoline before the peasants RIOT and BURN DOWN your entire Party and System.

Chaswarnertoo
Reply to  Chris Hanley
May 27, 2022 11:18 pm

Because taxes affect climate….

Rud Istvan
May 27, 2022 2:51 pm

Ridicule is the best response to alarmist ridiculae. So many global warming things around that have not aged well beyond this post’s NYT nonsense.

-Viner 2000: UK children soon won’t know snow.
-Wadhams 2012: Arctic summer ice free by 2014.
-Hansen 1990: West Side Parkway under water by 2010.
-Stirling many times: Polar bears endangered by global warming.
-Mann 2016: I never called anyone a denier. (Get it on YouTube: Judy Curry replied, ‘You called me one in your written testimony for this hearing!’

BobM
Reply to  Rud Istvan
May 27, 2022 7:10 pm

Rud,

“West Side Highway”.

The Joe DiMaggio Highway, commonly called the West Side Highway and formerly the Miller Highway, is a 5.42-mile-long mostly surface section of New York State Route 9A, running from West 72nd Street along the Hudson River to the southern tip of Manhattan in New York City. – from Wikipedia, and anyone who has ever lived or worked in NYC…

Andy Espersen
May 27, 2022 2:51 pm

Biden reminds me of Jesus – also He could still the weather.

Ron Long
May 27, 2022 2:53 pm

2012 was when President Obama said “…electricity prices would necessarily skyrocket, because I’s capping carbon…”. The quote isn’t word for word but close. Also, in 2012 gasoline prices ran up to $4 per gallon, and now Biden has outdone that. Who thinks this is a election winning idea? Wait for November and we’ll see.

H.R.
Reply to  Ron Long
May 27, 2022 3:56 pm

The best strategy for winning elections is to be the one counting the votes.

Don Perry
Reply to  H.R.
May 27, 2022 4:42 pm

Or the one owning 2000 mules.

Chaswarnertoo
Reply to  H.R.
May 27, 2022 11:18 pm

Dominium: changing the way you vote.
Who honest advertising was dead?

Michael in Dublin
May 27, 2022 2:54 pm

I saw another headline today that the natural gas price under Biden has trebled compared to that under Trump. I doubt this will result in any kind of stability. 🙁

Last edited 1 month ago by Michael in Dublin
Rud Istvan
Reply to  Michael in Dublin
May 27, 2022 3:28 pm

Yes. At Henry Hub it reached an unbelievable spot $9/mbtu today.
There are two reasons, both directly related to resident (not duly elected President) Biden:

  1. He severely restricted access to new fracking on public lands (like No new permits). Old fracked nat gas wells have very steep decline curves (down to less than 20% of initial output in about four years). That decreases supply. I put some details and charts in various energy essays in ebook Blowing Smoke.
  2. He promised to supply Europe with LNG. That increases demand.

Old classic supply/demand curves result. Since nat gas is fairly inelastic (steep S/D slopes for the economically uneducated), small changes in S/D make big changes in the market equilibrium price. EC 101, which if Biden ever took he long ago forgot.

Burgher King
Reply to  Rud Istvan
May 27, 2022 4:55 pm

In his two terms in office, Obama seeded the entire administrative state with leftist ideologues at every level of every department and every agency.

This problem bedeviled Trump throughout his four years as president.

These unelected bureaucrats don’t have to be given detailed instructions as to what Biden and his puppet masters, most of whom are former Obama functionaries, want done.

Their agenda was already baked in by 2016, and only needed to be re-enabled after a four year pause through Biden’s installation as president.

John Bell
May 27, 2022 3:00 pm

THE SKY IS FALLING! Pay us more money and give up your rights and luxuries you peasants!

Chaswarnertoo
Reply to  John Bell
May 27, 2022 11:19 pm

You will own nothing, and be happy, or else!

CD in Wisconsin
May 27, 2022 3:01 pm

The problem here is the belief that the NYT is a news media outlet. It stopped being one quite a while back, and it isn’t alone.

Reply to  CD in Wisconsin
May 27, 2022 3:14 pm

I want to see this headline…..Joey Biden says “we have created the most extensive and comprehensive voter fraud operation in history”. Joey Biden of 2000 Mules Fame.

Mike McMillan
Reply to  Anti_griff
May 27, 2022 4:53 pm

“2000 Mules” is a jaw-dropping film. The question is will anyone do anything with the information?

Tom Abbott
Reply to  Mike McMillan
May 28, 2022 3:42 am

That *is* the question.

I haven’t heard what Trump has to say about this video yet.

Apparently, Tucker Carlson and others on Fox News wanted to invite the makers of the video on air to discuss it, but the management at Fox News won’t allow them to come.

Chaswarnertoo
Reply to  Anti_griff
May 27, 2022 11:16 pm

And the climate change scam.

lee riffee
May 27, 2022 3:01 pm

Wow, there are some real pinheads at the NY Slimes….I remember back in the 80’s there was a supermarket tabloid called “The Weekly World News”. It was more or less an early print version of the Onion or Babylon Bee. Lots of stories of Bill Clinton meeting with space aliens and pictures to “prove” it….and as I recall there were a few, possibly true stories scattered here and there, or at least things that were somewhat believable. I had actually subscribed to it at one point because I thought it was hilarious. But sadly, while the NY Slimes is full of fantasy and nonsense, it isn’t the least bit funny.
That said, it seems that the writer of that article is clueless regarding the increasing lack of political and social stability that is being caused by rising gas and oil prices. So yes, maybe the climate is stable (sorry, that isn’t the way earth’s climate works) but the people won’t be….
Millions of people struggling to live and afford necessary goods that are rapidly increasing in price, with no relief in sight (save for the fall mid-terms – we can only hope). That’s causing the exact opposite of stability.
And making things worse with carbon taxes will only further anger voters.

Old Cocky
Reply to  lee riffee
May 27, 2022 4:15 pm

Wasn’t that where the Men In Black got a lot of their information from?

markl
May 27, 2022 3:04 pm

Higher gas prices have nothing to do with the AGW narrative and everything to do with the anti Capitalist globalists. It’s just easier for them to blame it on saving the environment and not getting push back from the average citizens.

Old Man Winter
May 27, 2022 3:10 pm

The carbon tax will definitely “stabilize the financial climate” surrounding the CAGW grifter’s current
employment & eventual retirements. It reminds me of “hog sooie”!

hogsooie.jpg
n.n
May 27, 2022 3:11 pm

warming => change => stability

Semantic drift.

Boff Doff
May 27, 2022 3:27 pm

Oh Man!! Better stop the idiots buying EV’s! Tax avoiding scum I tells yer!

Tim Gorman
May 27, 2022 3:28 pm

The 2012 NYT OpEd claimed a carbon tax with higher gas prices would result in not only “climate stability” but it would also prevent an “end [to] life as we know it.””

And what about societal impacts? Starvation caused by higher gas prices will result in global instability and wars everywhere will be used to reallocate resources.

Do the leftist economists of today even bother to study macroeconomics or only Das Kapital? It’s obvious none of them have ever lived the life of the truly poor. A carbon tax will do nothing but drive more and more people below the poverty line.

Do the people at the NY Times think they will be immune when societal upheaval comes for them?

Disputin
Reply to  Tim Gorman
May 28, 2022 3:42 am

…it would also prevent an “end [to] life as we know it.”

Oh goody. Immortality for all!

ResourceGuy
May 27, 2022 3:39 pm

It’s predominantly the logic of the Northeast.

spren
May 27, 2022 4:26 pm

How do fools like Frank become economics professors at distinguished schools? Oh, so gas prices become astronomical but piano lessons don’t! I guess the young student will ride a bike or walk to his/her lesson.

Gordon A. Dressler
May 27, 2022 4:44 pm

It will be comforting to some—but not relatively that many—to imagine that the climate is finally “stable” while all around them the economies of the world tumble.

Peta of Newark
May 27, 2022 5:04 pm

OK, so The Carbon tax drives fossil fuels into extinction.
What then?
Because the revenue from the carbon tax will have used for what exactly – if not for expanding ‘Government’, for feeding cronies and dispensed to needy and poverty stricken people

But the newly repaired climate is not going to make those things go away.
Legions of Gov’t employees still have mortgages to pay, kids to feed, cronies will have got used to their flamboyant lifestyle and won’t want to give it up.

And as far as needy people go, giving away free Money only creates more ‘needy people’ and thus an exponentially rising demand for More Free Money

So what then, the carbon tax revenue will wither as the use of the fossils withers – how will all the people listed above survive?

Easy peasy lemon squeezy = Another New Tax.

And what then, when that punitive new tax has served its purpose?

Geddit?
Do we now understand why Settled Civilizations always extinguish themselves? As the Romans discovered when everybody became A Patrician (a father of the city) There were more Chiefs than Indians, more tax collectors/spenders than tax revenue makers.
The Pyramid of Power got top-heavy and fell over, there was nothing ‘down below’ to support it.

Fear not, no-one will notice much. The new Dark Age ## is already here in the fields of Science/Education and Healthcare – the whole rest of everything can only follow soon.
And huuuuge numbers actually believe that “Things are never better
same old same old Magical Thinking – born of chronic depression

Ah well, at least we got our own Warm Period, just like all our forebears did so it wasn’t all A Complete Waste

Remember how the peak of The Roman Warm was at about 300AD – just as the empire was slip sliding nicely away. The Roman Empire must therefore have kicked off during A Cold Period, by definition.
…..how our Industrial Revolution was born in the tail-end of the Little Ice Age?
The parallels in those 2 examples alone are (haha) chilling

## make that “The New Drunk Age”, where the UK in the portly shape of One Boris Johnson leads the way.
Just like Ancient Rome. Boys and girls parted company (stopped making babies) so then the boys then spent their time getting drunk, shagging each other and going to all the best parties/circuses and, haha, conferences.

Last edited 1 month ago by Peta of Newark
BobM
May 27, 2022 5:37 pm

We don’t need no stinkin’ Net Zero. We have high-enough gas prices!! Who’da thunk it would be so easy !!

Chaswarnertoo
Reply to  BobM
May 27, 2022 11:21 pm

Net zero is a very stupid idea.

observa
May 27, 2022 5:59 pm

Look people renewables storage is only 6% dearer than diesel and you can save the planet-
Broken Hill’s compressed-air energy storage project chosen as best back-up power supply option – ABC News
Now who among you would begrudge paying 6% more for electricity to do that?

Olen
May 27, 2022 6:58 pm

It has not been a part of their justification and methods that the calm and violent and ever changing weather is the reason life has been successful on Earth. One of the most dastardly part of their plan is to tax carbon that is essential for life.

Opus
May 27, 2022 8:33 pm

Gasoline would become more expensive, piano lessons would not.
How stupid! What if the piano teacher wants more money to pay for gas?

Doonman
May 28, 2022 12:01 am

I had to cancel my piano lessons as it is now too expensive to drive to my teachers house.

James Bull
May 28, 2022 12:54 am

If you listen to the legacy media Hair Sniffer Joe has cured all ills, caused to end all conflict and brought in a new age of love and enlightenment that rivals the second coming of Our Lord and Saviour.

James Bull

Andy Pattullo
May 28, 2022 8:43 am

I think they meant to claim that a high enough carbon tax WILL end life as we know it. The evidence is mounting that their intent is the end of organized society.

Gary Pearse
May 28, 2022 10:55 am

Unfortunately, such a punishing carbon tax would serve the totalitarian set in a very devastating way. We aren’t going to exceed 1.5C even if we double or more CO2. Climateers have even admitted models are a way too hot. But if they succeed in pushing fossil fuels out of reach through a high tax. They will claim that the models were correct after all and take full credit for saving the world. I don’t see what can be done other than regime change.

ATheoK
May 28, 2022 6:28 pm

All of the early carbon tax schemes ended with massive fraud taking place.

Dscott
May 29, 2022 6:25 am

A carbon tax would also serve two other goals. First, it would help balance future budgets. Tens of millions of Americans are set to retire in the next decades, and, as a result, many budget experts agree that federal budgets simply can’t be balanced with spending cuts alone. We’ll also need substantial additional revenue, most of which could be generated by a carbon tax.

Prof. Frank’s columns in the NY Times Sunday business section:

Reducing CO2 emissions would actually be surprisingly easy. The most effective remedy would be a carbon tax, which would raise the after-tax price of goods in rough proportion to the size of their carbon footprint. Gasoline would become more expensive, piano lessons would not. … [W]e could insulate ourselves from catastrophic [climate] risk at relatively modest cost by enacting a steep carbon tax.”

Biden couldn’t even follow the road map set before him. He was supposed to increase the cost of fuel via taxation to collect the revenue to offset known up coming budget pressures as a twofer. Instead he created a shortage via regulation and bureaucratic stumbling blocks and then engaged in massive budget grifting to his campaign supporters. If you are a liberal who sincerely believes government is the answer, you should be embarrassed and angry, no, livid that this bunch in the WH has displayed what can only be charitably called as gross incompetence.

Notice that they actually believed that rising fuel costs wouldn’t affect the price of services. Apparently, the piano teacher only walks or rides a bike to the student. Or the parents walked their kids to the lesson. These people are truly stupid, the smarter they think they are, the dumber they actually are.

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