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Relevance | DateDeepwater Horizon at 11: Remember “Beyond Petroleum” BP
By Robert Bradley Jr. -- April 20, 2021 No Comments“On the 11th anniversary of the BP blowout, the real takeaway is that oil companies that think they are ‘beyond petroleum’ are value destroyers for shareholders and for the environment.”
Every April commemorates BP’s Deepwater Horizon oil spill (April 10, 2010). To the anti-energy Left, Deepwater Horizon is the epitome of oil-gone-bad, coming some 21 years after the Exxon Valdez oil spill. It was not supposed to happen again, but ….
The sad facts of Deepwater Horizon will forever remain. The multiple failures behind the accident are also well documented. But a paradox remains. Mighty BP, captained by John Browne, the leading “environmentalist” of the petroleum industry created the corporate culture that resulted in lax safety and environmental protocols. By saving about $5 million out of $100+ million in drilling costs, the company ended up paying out in excess of $60 billion.…
Continue ReadingBusiness Columnist vs. Fossil Fuels & Capitalism (Houston Chronicle’s biases shine through)
By Charles Battig -- March 5, 2019 3 Comments“[Business columnist] Chris Tomlinson fails to mention fascist governance as another possibility whereby the means of production are ostensibly in private hands, but serve actively to implement government policy. Crony capitalism comes close to that model as larger corporations do a mating dance melding government funding with government policy, and shut out the less well funded and connected smaller commercial entities, while the hapless public gets taxed to fund the charade.”
Chris Tomlinson‘s columns in the Business section of the Houston Chronicle opine on broadly defined energy issues, especially those with a perceived impact on Houston. He is dismissive of the central role of mineral energies for today’s standard of living and refuses to question climate alarmism (the Dessler effect?). He sees government correction as automatic, as if there were not “government failure” in the quest to address “market failure.”…
Continue ReadingMy Time at Enron: For the Record (again)
By Robert Bradley Jr. -- January 9, 2017 2 CommentsThe Institute for Energy Research (IER) and its advocacy arm, the American Energy Alliance (AEA), are in the news.
As reported last month in the Los Angeles Times, and more recently in Bloomberg Politics, IER/AEA are involved in the free-market directions that the president-elect and his team have followed to date.
One account described the founding of IER as follows:
The Institute for Energy Research was founded to be a clearinghouse for energy information in 1989 in Houston by Robert L. Bradley Jr., a speechwriter for Enron chief executive Kenneth Lay, who was later convicted of securities fraud.
Given that this association is part of the political conversation (Joe Romm started it in 2009: see below), and the continuing attention that is ahead for IER/AEA, I wish to revisit the historical record about my time at Enron that overlapped with IER.…
Continue ReadingAmerican Wind Industry Association: Circling the Wagons
By Thomas Stacy II -- August 8, 2011 2 CommentsUntil the end of 2010, the American Wind Energy Association’s annual reports were in the public domain. The details of their business now go to members only.
What has changed? What information has the lobby organization decided to share only with insiders? And why?
A look at some of AWEA’s slanted and aggressive one liners, such as August 4th’s Continued Growth Depends on Consistent Tax Policy, is revealing. Make no mistake–the fate of the industry is not in the hands of consumers as it is with virtually all other goods and services in our economy. It is wholly government dependent. And in terms of the paramount budget debate, wind power is not viable without exemption from its American duty to help reduce our national debt.
AWEA’s predicament has lead them to simultaneously threaten and beg Congress.…
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