Industrial Wind Power: An Old, Tried Failure (the intermittency curse then and now)

By Robert Bradley Jr. -- December 29, 2009

Best of MasterResource: 2009
This post orginally appeared (with comments)
on March 4th

The disadvantage of windpower as a primary energy source has been long recognized. This 1838 textbook described the competitive situation of wind as follows:

William Stanley Jevons also detailed the problems of windpower in his 1865 classic, The Coal Question,…

WSJ’s “Heard on the Street”: Political Energy Down, Market Energy Up Post-Copenhagen (Remembering the risks of Enron’s political capitalism model)

By Robert Bradley Jr. -- December 26, 2009

Matthew Curtin’s Heard on the Street in the December 22nd Wall Street Journal, Green Investments Are Being Clouded by Copenhagen, caught my eye. Copenhagen not so much failed as energy reality won. The 19th century British economist W. S. Jevons would have smiled as neo-Malthusian politics fell victim to old fashioned consumerism, economic growth, free trade, and energy economics 101.

Copenhagen also brings into review the risky political capitalism model where profit-making is tied to special political favor rather than underlying consumer demand. Enron’s core business model was tied to rent-seeking, part of the problems that brought down the company in spectacular fashion.

Here is what Mr. Curtin wrote:

The Copenhagen climate summit will do little to spur further investment in environmental technologies.

That is hardly surprising given the fundamental flaw at the heart of the process: Negotiations to reduce global carbon dioxide emissions were premised on how much of the gas nations produce, rather than what they consume.

…

Three Cheers for Holiday Lights!

By Robert Bradley Jr. -- December 25, 2009

Environmentalists critical of electrified America must have mixed emotions this time of the year. It may be the season of good cheer and goodwill toward all, but it is also the time of the most conspicuous of energy consumption. America the Beautiful is at her best in December when billions of tiny stringed light bulbs turn the mundane or darkness itself into magnificent beauty and celebration. Holiday lighting is a great social offering—a positive externality in the jargon of economics—given by many to all.

While energy doomsayers such as Paul Ehrlich have railed against “garish commercial Christmas displays,” today’s headline grabbers (Grist, Climate Progress, where are you?) have not engaged a public debate over the issue. [At least one enviro blogger has, however, as have SANTA (Sustainability Action Network and Toy Alliance) and the Energy Justice Network)].…