“Creative destruction results from verdicts at the intersection of supply and demand. Outside of the free market, energy elitism has created a political market, a sub-industry whose activity results from special tax favors, government grants, and/or mandates.”
Creative destruction, a term popularized by Joseph Schumpeter, is the market process whereby bad is eliminated, the better replaces the good, and past performance gives way to new strategies and victors. No firm is forever, and financial loss is a characteristic of capitalism, as is the more used term profit.
Energy is the story of creative destruction. Coal gas and later coal oil replaced a variety of animal and vegetable oils, including whale oil, camphene oil, and stearin oil. Crude (mineral) oil then displaced manufactured (coal) oil, just as later natural gas would displace manufactured (coal) gas.…
“It takes bits and pieces from leading establishment environmentalists to make the ecological case against climate alarmism and forced energy transformation. But taken together, the problems of wind, solar, and batteries are substantial and call for a mid-course correction from look-the-other-way, mention-and-run, wish-and-hope Big Green.”
Yes, she is a climate alarmist and supports forced (governmental) energy transformation to inferior, anti-ecological energies. But she has presented some common-sense observations about the climate crusade and agenda that offer hope about a mid-course correction toward human and ecological betterment.
Consider this recent article at the Canadian Broadcasting Corporation which was brought to my attention on LinkedIn (via Ian McCoy), “Climate warrior Jane Goodall isn’t sold on carbon taxes and electric vehicles.” (April 13, 2024). Quotations from the CBC article follow in two areas: a carbon dioxide (CO2) tax and electric vehicles (EVs).…
“The California Energy Commission needs to wrap up its study and, as necessary, offer a conclusion that is politically incorrect but economically correct. Little doubt, California energy policy needs a dose of reality-and about face.”
Earlier this month, a piece by CBS Sacramento reporters Marlee Ginter, “Findings from California gas price watchdog after first year on job, industry responds,” interviewed Tai Milder, Director of the California Energy Commission’s Petroleum Market Oversight division. The “nation’s first gas price watchdog” found a dollar per gallon of unexplained price premium (“surcharge”) in the state. In his words:
…The first thing I think it’s really important for people to understand is this surcharge adjusts for taxes and fees. So once you compare California’s taxes to other state’s taxes and you adjust for that, there’s still an unexplained markup and that is the oil industry markup.