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Posts from November 2011

ECONOMIST Debate on Renewable Energy (Part III: Fossil Fuels Triumphant)

By Robert Bradley Jr. -- November 16, 2011

[Ed. note: This is Bradley’s final statement to: “This house believes that subsidising renewable energy is a good way to wean the world off fossil fuels.” After nine days and thousands of votes cast from around the world, the opposition is polling very close.]

“A reliable and affordable supply of energy is absolutely critical to maintaining and expanding economic prosperity where such prosperity already exists and to creating it where it does not.” John Holdren (2000)

“Suggesting that renewables will let us phase rapidly off fossil fuels in the United States, China, India, or the world as a whole is almost the equivalent of believing in the Easter Bunny and Tooth Fairy.” James Hansen (2011)

Energy density (think energy efficiency) is the most important concept for the House Proposition.…

Energy Externality Pseudoscience: Unmasking Krugman's Argument Against Fossil Fuels

By <a class="post-author" href="/about#aepstein">Alex Epstein</a> -- November 15, 2011

Opponents of fossil fuels have long championed solar power and wind power as replacements. Unfortunately, there is no evidence that solar and wind can provide the cheap, plentiful, reliable energy that our standard of living requires. They have never come remotely close to competing economically on a free market. In fact, due to their low concentration and high intermittency, they have proven unable to provide substantial baseload power in any country, ever, even when exorbitantly subsidized.

When confronted with these facts, opponents of fossil fuels offer a seemingly scientific counterargument. Fossil fuels are only cheap, they say, because fossil fuel companies aren’t required to pay for the “hidden costs” or “negative externalities” of their product. These “hidden costs” are harms not reflected in the prices we pay–such as the presumed damage from future climate change.

Rent-Seeker Glee: It Did Not Begin with Solyndra (remembering Enron's triumphant Kyoto Memo)

By Robert Bradley Jr. -- November 14, 2011

“They about had an orgasm in Biden’s office when we mentioned Solyndra,” read a Feb. 27, 2010, email from [Ken] Levit to [Steve] Mitchell. A follow-up email from Mitchell to Levit later that day responded, “That’s awesome! Get us a [Department of Energy] loan.”

– Quoted in “Emails Reveal Biden Team’s Enthusiasm Over Solyndra Loans,” Fox News, November 9, 2011.

Kids in the taxpayer candy store. That describes the heady days when Solyndra executives and lobbyists gleefully found out that the politicians loved their speculative, defective product. It turns out that Solyndra was a photo-op for President Obama and his “dream ‘green’ team”–one that may well end up being their undoing. (Does Obama use the term ‘green jobs’ anymore?.)

Enron was the canary in the renewable-energy coal mine.…

ECONOMIST Debate on Renewable Energy (Part II: Climate Alarmism vs. the Environment)

By Robert Bradley Jr. -- November 11, 2011

Texas Wind Power (CREZ) Line Busts Its Budget (Blame Perry, not Obama)

By Kenneth Artz -- November 10, 2011

ECONOMIST Debate on Renewable Energy (Part I: W. S. Jevons Lives!)

By Robert Bradley Jr. -- November 9, 2011

Cape Wind: The Air Traffic Safety Issue of a Government-enabled Project

By <a class="post-author" href="/about#llinowes">Lisa Linowes</a> -- November 8, 2011

Are We Free Market Energy Types Just 'Bought and Paid For'? (New York Times, MasterResource weigh in on the bias question)

By Robert Bradley Jr. -- November 7, 2011

William N. Niskanen: Economist, Scholar, and Foe of Political Capitalism

By Robert Bradley Jr. -- November 4, 2011

Cap-and-Cry: California's Global Warming Program (avoided warming of 0.005°C by 2050 under CARB regulations)

By Chip Knappenberger -- November 3, 2011