As with Three Mile Island, the hysteria of the media and the political class over the Deepwater spill is likely to lead to increased risk and adverse environmental tradeoffs.

The Intergovernmental Panel on Climate Change's (IPCC) new Summary for Policymakers is a political document that downplays assessments of uncertainty from the scientific reports. It omits much contrary evidence. In several cases, it even disagrees with the reports on which it is based.

... we cannot rule out the possibility that the changes of recent decades are part of a natural rebound from the 'Little Ice Age' that followed the medieval warm period and ended in the 19th century.

The same government that brought you urban renewal is likely to make an even worse mess of suburban renewal.

A sensible climate policy would emphasize building resilience into our capacity to adapt to climate changes - whether cooling or warming; whether wholly natural, wholly man-made, or somewhere in between.

As with Three Mile Island, the hysteria of the media and the political class over the Deepwater spill is likely to lead to increased risk and adverse environmental tradeoffs.

Truly environmentalism has displaced economics as the dismal science.