Those Energy Company Advertisements

By Robert Bradley Jr. -- December 27, 2008 5 Comments

There is way too much money being spent on advertising by the major energy companies–at least from the viewpoint of a nonpolitical energy world.

The December 8, 2008, Wall Street Journal, for example, contains a phenomenal 4 1/12 pages of industry ads. For the 20-page front section A, that comes out to about 20%–surely an all-time record. There was a lot of industry advertising back during the energy crises of the highly regulated 1970s, but nothing like this! …

Continue Reading

Screwing Up the Auto Industry

By -- December 29, 2008 5 Comments

Despite all the pressure on him, energy is the perfect area for Barack Obama to do nothing hasty. For decades, activists and foreigners have lamented the fact that the U.S. doesn’t have an energy policy. This is, of course, nonsense. Simply because we don’t have a big E big P Energy Policy doesn’t mean we don’t have one at all. Compared to most other countries, our energy policy is most notable for the things it doesn’t do, as in the doctors’ creed, “First, do no harm.”

And energy policy is now threatening to intersect with economic policy, first, as rising unemployment suggests to many that renewable energy subsidies offer an attractive use of funds but also as the government considers assistance for the US automobile industry (at least the home-grown sections of it).…

Continue Reading

Has ExxonMobil Bought Into Climate Alarmism?

By Robert Bradley Jr. -- January 9, 2009 5 Comments

[Note: This post has been superceded by Under Further Review …]

ExxonMobil’s new corporate position in favor of carbon taxes, reported today by the Wall Street Journal, is not entirely unexpected. It is the result of a policy drift of recent years toward compromise and appeasement with the company’s political critics.

But I doubt that ExxonMobil has bought into alarmism. Back at Enron, where I was director of public policy analysis, we didn’t necessarily buy into climate alarmism but we welcomed the public’s concern because we had seven profit centers (see pp. 3–4) that stood to benefit. ExxonMobil, the anti-Enron, has not set itself up as a rent-seeker, but it apparently wants a seat at the policy table given the perceived choice between a carbon tax and a carbon cap-and-trade scheme.…

Continue Reading

Upon Further Review … What did ExxonMobil Really Say at the Woodrow Wilson International Center?

By Robert Bradley Jr. -- January 15, 2009 3 Comments

Last week I blogged about the news accounts of ExxonMobil’s coming out in favor of a carbon tax. I was too hasty. I should have read Rex Tillerson’s speech first–and very carefully. Mr. Tillerson did not call for a carbon tax as reported in the Wall Street Journal. Deep in his speech, Tillerson argued that carbon taxation is better than cap-and-trade as a regulatory program.…

Continue Reading

Exxon Laughs all the Way to the Bank

By -- January 20, 2009 2 Comments Continue Reading

ExxonMobil’s Tillerson on Renewable Energy: Realism amid Politics

By Robert Bradley Jr. -- March 7, 2009 12 Comments Continue Reading

Getting Real: The Oil Majors Move Away from Political Energy (Government-dependent wind, solar are not ready for prime time)

By Robert Bradley Jr. -- April 9, 2009 5 Comments Continue Reading

Joseph Romm and Enron: For the Record

By Robert Bradley Jr. -- May 5, 2009 21 Comments Continue Reading

Joseph Romm and Enron: More for the Record

By Robert Bradley Jr. -- May 8, 2009 7 Comments Continue Reading

Energy Reality Wins at Exxon Mobil Annual Meeting (Atlas is not shrugging at this substance-over-form company)

By Robert Bradley Jr. -- May 30, 2009 6 Comments Continue Reading