Looters, Moochers, Parasites: ‘Green’ Energy (Remembering Ayn Rand)

By Robert Bradley Jr. -- June 21, 2021 6 Comments

A free-market energy economy promotes and rewards the creators and producers. Parasites and glad-handers need not apply. (below)

Free-market entrepreneurs and their workforce are creators, providing not only for themselves but for the wider good. They do not bank on government mandates or subsidies but on the needs of consumers, existing and new. They seek good profit, defined as creating real consumer value.

The fossil-fuel industries from top-to-bottom would qualify in the great majority of instances. In fact, most of its members, at present, are overcoming government intervention rather than depending on it.

It is just the reverse with the renewable industries, except for off-the-grid where there is no plug-in power. (David Bergeron, an author at MasterResource, is an example of a remote solar entrepreneur.)

The wind power industry, in particular, is made up of rent-seekers who have put themselves in the business of deceit, exaggeration, and half-truths.…

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Corporate Cover for the Environmental Left in the 1990s (“Enron Ascending”)

By Robert Bradley Jr. -- September 6, 2018 5 Comments

“Under [Ken] Lay’s direction, Enron would restart the solar industry [in 1995], rescue the US wind industry [in 1997], and help legitimize the climate issue.”

“Enron saw green in green energy. Wind and solar as primary energies had new public policy rationales and powerful political constituencies. Specifically, global warming from fossil-fuel usage (via the enhanced greenhouse effect) was the new neo-Malthusian scare, and post–Gulf War concerns over energy security put petroleum on the defensive. Even more than this, renewables had public cachet for an energy company, particularly one that prized publicity and promoted a momentum stock.”

– Bradley, Enron Ascending: The Forgotten Years, pp. 530, 528, respectively.

Rent-seeking … strategic uses of government intervention…. corporativism. Many terms have described business lobbying within political capitalism where the political means replaces the economic means to financial success The result is bad profit, defined by classical-liberal entrepreneur Charles Koch as corporate income not created but politically obtained and thereby lost to the creators in the economic system.

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Hillary’s Solar Future Has a Bad Past

By Robert Bradley Jr. -- September 28, 2016 1 Comment

“President Bill Clinton in 1997 announced the Department of Energy’s Million Solar Roofs Initiative as part of the buildup to the international negotiation on climate change held in Kyoto, Japan. The goal’s date was 2010. Yet after 40 years of government plans and incentives, the U.S. is not halfway to Bill’s one-million goal.”

“If solar was really cheap, dependable, and competitive, Hillary would not need to be touting solar as the energy future — or espouse special government favor either. Let-the-market-decide would be enough.”

The centerpiece of Hillary Clinton’s energy plan for Election 2016 is to boost the nation’s installed solar capacity seven-fold between the time she takes office and the end of 2020 (four years). Going from 20 gigawatts to 140 gigawatts would involve a half-billion solar panels on twenty-five million roofs.…

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Dominion Virginia’s “Green” Solar Program: Bad Economics for a Misplaced Cause

By Charles Battig -- February 27, 2013 4 Comments

“[T]here is no companion prerequisite that such renewable programs be cost-effective or deliver reliable power…. This program appears designed for the privileged few to enjoy a subsidized electric energy existence, provides those ‘green bragging rights’ mentioned by a solar installer in this courtroom last September, but little else.”

Last May, Dominion Virginia Power petitioned the Virginia State Corporation Commission to introduce a voluntary ratepayer program to support up to 3 MW from distributed solar installations. Dominion seeks to offer the public an alternative to an existing, net-metering, residential solar panel program. This voluntary test Solar Panel Program would be guaranteed for five years at a “buy all/sell all” $0.15/kWh. It would be limited to an initial maximum scale of 0.2 percent of 2010 peak load.

Solar is an intermittent power source that would require storage to be on a stand-alone basis.…

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Solar Power Cost: Don't Forget Intermittency (energy economics 101)

By David Bergeron -- October 12, 2011 25 Comments Continue Reading

Free-Market Solar: The Real Opportunity (this solar executive tells the feds and Arizona to cool the subsidies)

By David Bergeron -- October 21, 2010 16 Comments Continue Reading

New Mexico: Raising Rates for Bad Energy in a Poor State

By Marita Noon -- July 29, 2010 11 Comments Continue Reading

2Q-2010 MasterResource Update: The Progress Continues

By Robert Bradley Jr. -- July 3, 2010 1 Comment Continue Reading

Economic/Environmental Assessment of Grid-Tied Photovoltaics: Arizona Lessons for the U.S.

By David Bergeron -- June 7, 2010 7 Comments Continue Reading

4Q-2012: Continued Progress at MasterResource

By Robert Bradley Jr. -- January 18, 2013 1 Comment Continue Reading