“Deep Ecology adherents view fossil fuels as evil incarnate, and believe fervently in ‘peak oil’ and Climate Armageddon. They are frustrated that fracking guarantees a hydrocarbon renaissance and predominance for decades to come, and helps reduce carbon dioxide emissions without massive economic sacrifice.”
Anti-energy activists actively promote falsehoods about the vital, safe, job-creating hydraulic fractionation. They inhabit a callous parallel universe to wage war on affordable, plentiful energy–and quality, sustainable jobs. Such a war targets those who need jobs and lower costs the most.
It is time for all thinking, good people–Democrat and Republican–to welcome the oil and gas treasure unleashed by new technology in every locality and state where private property rights are respected. And, as Bret Stephens wrote in the Wall Street Journal, it is high time for environmentalists to think.…
Continue Reading“Two recently approved solar power plants in California ranged from $100 to $200 per megawatt hour, compared to the $16 consumers will pay for natural gas generation. That’s six to twelve times the cost of gas–and for an intermittent supply that must be backed by natural gas to even be usable.”
As states across the nation ponder what to do next on energy policy, there is no case study more important than California. One of the world’s largest economies, with nearly 30 million inhabitants, California for decades has lived on the progressive edge of American energy policy.
The state’s renewable energy mandate of 33% by 2020 has served as a beacon for anti-fossil fuel advocates nationwide. But as I have written elsewhere: “California isn’t a beacon of progress; it’s a lighthouse, showing the path to disaster.”…
Continue Reading“Ignoring how competitive markets operate–and pretending that wind energy is exempt from the basic rules of economics–will not change the fact that windpower is an expensive, unpredictable resource that cannot compete without enormous public hand-outs. If the PTC were permitted to expired today, the wind industry might be forced to increase its efficiencies and lower project costs, but the effect on electricity prices at large would likely go unnoticed.”
Last fall, utility-giant, Exelon Corp., encouraged Congress to let the federal production tax credit (PTC) expire, citing the subsidy’s distortionary effect on competitive wholesale energy markets. The American Wind Energy Association (AWEA) slapped back by publicly booting Exelon off its board and unleashing an army of surrogates to control the damage and berate the company for putting its interests first.
The latest attack came July 4th when eco-youth Gabe Elsner, a “public interest advocate” of The Checks and Balances Project, accused Exelon of conspiring with Big Oil to squeeze out cheaper competitors like wind in order to drive up consumer electricity prices and increase profits.…
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