“Federal officials, aware that solar power breakthroughs have shined and faded almost as often as the sun, say the Enron project could introduce commercially competitive technology without expensive Government aid.” (- Allen Myerson, Solar Power, for Earthly Prices, New York Times, November 15, 1994)
Thirty years ago, the ‘newspaper of record’ excitedly reported atop the business section that a breakthrough with solar energy had occurred with the business genius of the upstart energy company Enron. Formed in the mid-1980s, Enron had just entered into the solar business and was destined to revitalize–if not save–the U.S. wind industry just a few years later.
Good press continues to create an Enron-like illusion of the coming competitiveness and profitability of solar and wind energies for on-grid electricity. Basic energy physics explains why the sun’s (dilute, intermittent) flow cannot compete against the sun’s stored (dense) energy embedded in natural gas, coal, and oil.…
Continue Reading“Vanderbilt forest management set the stage for the U.S. Forest Service and the way it manages timber. Whether that was good remains in doubt.”
It makes a good story. In the late 1800s demand for wood was insatiable—for houses, for ships, for railroad ties. Americans were logging trees all over the country, then moving on to another forest, leaving ugly cutover land behind them. President Theodore Roosevelt expressed fear of a “timber famine.” Trees are being destroyed, he said, “far more rapidly than they are being replaced.” [1] Peak Trees? Peak Forestry? The same was being said for petroleum and other resources.
George Vanderbilt (grandson of “robber baron” Cornelius Vanderbilt) came to the rescue. Vanderbilt’s mansion near Asheville, North Carolina, was built on forest land, much of it already logged. Vanderbilt hired a young man, Gifford Pinchot, to manage about 125,000 acres around the Biltmore estate, with the goals of making money while restoring and protecting the forest.…
Continue ReadingThis week, a Hall of Shame business memo turns 27 years old. Dated December 12, 1997, it was written from Kyoto, Japan, by Enron lobbyist John Palmisano in the afterglow of the Kyoto Protocol agreement.
Global green planners were euphoric that, somehow, someway, the world had embarked on an irreversible course of climate control (and thus industrial and land-use control). But Kyoto predictably failed, and the Paris climate accord of 2015 teeters, with COP27’s recent failure making COP28’s prospects look grim.
Palmisano’s memo cites the benefits for first-mover ‘green’ Enron. Enron, in fact, had no less than six profit centers tied to pricing carbon dioxide (CO2)–and seven if CO2 were capped and traded. The story of Enron as the darling of Left environmentalists has been well told elsewhere.…
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