Big Oil, Exxon Not Guilty as Charged (a rebuttal in six parts)

By Robert Bradley Jr. -- September 22, 2022 1 Comment

“Imagine if the media was reversed on the climate/energy issue, supporting and promoting a free-market, classical-liberal position. They could look at my boxes of files from the Enron days (1990s) and produce an exposé, Enron Knew.”

Back at Enron Corp., I had “email wars” with the company’s climate lobbyist, John Palmisano, the author of the infamous “This agreement will be good for Enron stock” Kyoto Protocol memo. Enron had at least a half-dozen profit centers that stood to benefit from CO2 restrictions, inspiring the activism that led Jeremy Leggett [The Carbon War (Penguin: 1999), p. 204] to identify Enron as “the company most responsible for sparking off the greenhouse civil war in the hydrocarbon business.”

The Palmisano/Bradley exchanges concerned regulating and pricing carbon dioxide. I was against; Palmisano for.

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ExxonMobil Joins Left’s Climate/Energy Agenda (H.R. 5376)

By Robert Bradley Jr. -- August 10, 2022 1 Comment

“Bad Profits, rent-seeking, resource misallocation–it’s an upside down world, turning Ayn Rand’s dis-utopian world in Atlas Shrugged into reality one step at a time.”

“Manchin-Schumer leaves no special interest unrewarded,” wrote Robert Bryce. “The legislation is so broad and has so many carve outs that it has been lauded by Exxon Mobil and the Natural Resources Defense Council.”

The new law’s “lollipops” (Bryce) go to wind, solar, EVs, ethanol, carbon capture and storage, and hydrogen–all money losers on a real free market. Bad Profits, rent-seeking, resource misallocation–it’s an upside down world, turning Ayn Rand’s dis-utopian world in Atlas Shrugged into reality one step at a time.

It is a sad day when ExxonMobil, once a bastion of climate and energy realism and good business, goes all-in with the Inflation Reduction Act
of 2022
.

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Greenwashing Waste: Exxon’s $350 per Barrel Algae ‘Oil’ (Lee Raymond is Missed)

By Robert Bradley Jr. -- November 9, 2021 1 Comment

“… by Exxon’s calculations, a barrel of algal oil could be worth as much as $350, when factoring in existing low-carbon fuel standards and tax credits that add as much $260 in value to each barrel. Traditional crude oil currently sells for less than $80 a barrel.”

“The process requires vast amounts of energy so much so that algal biofuel production might consume more energy than it produces, some researchers concluded.”

Biofuels and biomass are energy technologies that are uneconomic and a mirage for the environmental gains that are desired by Left environmentalists. It is a loss-loss-loss for energy, stockholders, and the environment.

The article by Christopher Matthews, “Exxon Sees Green Gold In Algae-Based Fuels. Skeptics See Greenwashing” (Wall Street Journal, October 4, 2021) speaks for itself.

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Climate Leadership Council on Defense (ExxonMobil caper hits the front group)

By Robert Bradley Jr. -- August 19, 2021 No Comments

“Hence the CLC decision to ‘suspend’ ExxonMobil. Why did they not expel them once and for all? Obviously, the CLC hopes that ExxonMobil will grovel, endorse ever-more strongly the ‘climate crisis’ narrative and the imperative for climate policies making energy more expensive, and then — above all else — write a big check to the CLC as an exercise in the only kind of penance applauded by the political Left.”

“So bad at ideological battle are ExxonMobil and many others in the fossil-fuel sector that they remain convinced that a stance of ‘Me Too, But Less’ is politically viable.”

– Benjamin, Zycher, “The Climate Leadership Council ‘Suspends’ ExxonMobil.” August 16, 2021.

Unlimited money has produced a number of questionable groups that claim to be “bipartisan,” “conservative,” or “Republican.” The Climate Leadership Council (formed: 2017) bought off some big Republican names (George Shultz, James Baker) and enlisted defensive corporations to front a carbon tax where “all” Americans receive “dividend payments” to make the levy “revenue neutral.”

Never mind the government promising to return with one hand what it takes from the other … per dollar … per person, per time period.

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ExxonMobil’s Appeasement Strategy Backfires (Milloy has had enough)

By Robert Bradley Jr. -- June 1, 2021 4 Comments Continue Reading

Exxon’s Algae Dry Hole ($300 million greenwashing failure continuing)

By Robert Bradley Jr. -- December 16, 2020 1 Comment Continue Reading

“ExxonMobil and Climate Change: Do Look at the Science” (2016 article for today)

By Robert Bradley Jr. -- November 21, 2019 No Comments Continue Reading

ExxonMobil at ALEC: Bring Back Lee Raymond!

By Robert Bradley Jr. -- December 14, 2017 2 Comments Continue Reading

ExxonMobil’s Tillerson on Wind and Solar Subsidies (an argument to remember)

By Robert Bradley Jr. -- September 21, 2017 6 Comments Continue Reading

Exxon Mobil and the Carbon Tax: ‘Upon Further Review’

By Robert Bradley Jr. -- January 10, 2017 2 Comments Continue Reading