Search Results for: "Jevons"
Relevance | DatePermanent Subsidy? Industrial Wind’s PTC (14 Extensions)
By Robert Bradley Jr. -- May 2, 2024 2 Comments“But nothing is so permanent as a temporary government program,” Milton and Rose Friedman wrote in their 1983 primer, Tyranny of the Status Quo. And regarding government help for a developing business? “The infant industry argument is a smoke screen,” the husband-and-wife team observed. “The so-called infants never grow up.”
Industrial wind power is certainly not an infant industry, having been demonstrated as grid electricity in the nineteenth century and again during World War II. [1] But it is dilute and intermittent, fatal qualities as against fossil-fuel generated electricity.
And so although the wind interests have claimed competitiveness (actual or impending) since the 1980s, and received a lifeline subsidy in 1992 (below), the U.S. industrial wind industry is as dependent on government largesse as ever.…
Continue ReadingCowen on ‘Fossil Future’: Expert Failure?
By Robert Bradley Jr. -- February 15, 2024 No Comments“I don’t agree with many (any?) of [Alex Epstein’s] points in his response, and it is conspicuously lacking in arguments about climate itself.” Tyler Cowen
“It’s sad that a guy as smart as Tyler not only 1) irresponsibly commented on a book he was not willing to read carefully, but also 2) refused to admit any wrongdoing whatsoever.” Alex Epstein
It was distributed on social media by the director of the U.S. Department of Energy’s loan programs office, Jigar Shah, described as “The man in charge of how the US spends $400bn to shift away from fossil fuels.” Shah forwarded Tyler Cowen’s post (at Marginal Revolution) critiquing Alex Epstein’s book, Fossil Future: Why Human Flourishing Requires Using More Oil, Gas, and Coal–Not Less.
A ‘classical liberal’ handing an intellectual gift to a DOE grifter?…
Continue ReadingOn Energy Transition
By Robert Bradley Jr. -- February 7, 2024 1 Comment“… the ‘energy transition’ has been just the other way around: from dilute, intermittent, and quantity-limited supplies to dense, reliable, storable mass quantities representing the sun’s work over the ages.”
LinkedIn is a forum of vigorous open debate on climate science, energy, and public policy. I have been an active participant, probably responding to comments an hour or more on most days. I learn, and, in turn, people learn from me. It is a good avenue for many of my links on the issues under discussion.
Here is an exchange on “Energy Transition,” as introduced by “professor, author and leader in energy transition engineering” Susan Krumdleck.
Susan Krumdleck: How would you define “Energy Transition”? What outcomes would an investment in an “Energy Transition” project require in order to meet your requirements, or to fit with the science?…
Continue ReadingAppreciating the Master Resource
By Robert Bradley Jr. -- January 2, 2024 1 CommentEnergy is ubiquitous to modern industrial life. It is the fourth factor of production in addition to the textbook triad of land, labor, and capital. Julian Simon coined the term master resource to describe the resource of resources, energy.
Energy as been recognized as a unique driver of economic activity and human betterment for almost two centuries–about as long as carbon-based energies came to be recognized as a sea change from the inherently dilute, unreliable renewable energies of before. The Industrial Revolution was enabled by coal, the energy required by the new machinery, as W. S. Jevons so brilliantly saw in his day.
The quotations below, some classic, resonate as well or better today than ever before. They are as ‘right” as the peak-oil quotations (compiled here and here) have been wrong.…
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