Michael Lynch Interview (new book reviews, refutes ‘Peak Oil’ scare)By Robert Bradley Jr. -- March 28, 2017 4 Comments
“I switched from defense policy to petroleum economics and forecasting because the latter produced a track record that could be judged. And my track record is quite good over the four decades, especially where I have done intensive, data-driven research (as opposed to short-term oil price forecasts, where my record is more mixed).”
“Trying to convince governments, especially oil producing governments, not to expect ever-higher revenues from rising prices has been somewhere close to impossible. Although some officials might want to restrain their fellows, the politicians usually convinced themselves that the goose would never stop laying golden eggs in ever-increasing numbers.”
Q. First, congratulations on the publication of your new book, The “Peak Oil” Scare and the Coming Oil Flood (Praeger). It is a tome, a real takedown, of the fixity-depletion view of petroleum and the activist movement behind it.…Continue Reading
Monhegan Island Offshore Wind: New DOE Should Decline $40 Million SubsidyBy Jim Lutz -- March 14, 2017 4 Comments
“A consortium of grant seekers, organized under the name ‘Aqua Ventus,’ vies for $40 million in Department of Energy grants to build a demonstration wind project within three miles of Monhegan Island. They do so under the higher moral purpose of saving the planet, but that is simply to camouflage what is but a callous quest for ‘free’ government money, taxpayers and ratepayers be damned.”
Will the new, improved US Department of Energy (DOE) just-say-no to a massively uneconomic proposed wind project offshore?
I call your attention to a situation in Maine which I believe is a poster child for how the forgotten American is being robbed and disrespected by the renewable-energy special interests and their coterie of shills. The issue is this: DOE is presently considering grants of $40 million for a project which would never exist absent tax-and-spend government largesse to this point.…Continue Reading
DOE-designate Perry’s Windy Past (Texas, per-Enron, a wind welfare queen)By Robert Bradley Jr. -- December 14, 2016 16 Comments
“Added Paul Sadler, executive director of the Wind Coalition, in the New York Times: ‘He [Perry] has been a stalwart in defense of wind energy in this state — no question about it.’”
– Quoted in Kate Galbraith, “As Governor, Perry Backed Wind, Gas and Coal.” New York Times, August 20, 2011.
MasterResource, which plays no (crony) favorites, has been critical of Rick (‘all-energy-things-to-all people’) Perry. Sort of sounds like a politician on the move who wants to fill his political coffers with green money too.
With the news that former Texas Governor Perry is the secretary-designate for the US Department of Energy, I share some quotations from past posts at MasterResource on his pro-wind tenure in Texas. Comments welcome.
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“Arguably, Mr. Perry’s most interesting energy efforts have related to wind power, which has boomed under his administration.
‘Energy Independence’: A Dirty Dozen (Economist Grossman’s list)By Robert Bradley Jr. -- October 27, 2014 1 Comment
Open international borders create mutually beneficial trading relationships that promote peace and prosperity. Tariffs, quotas, and other forms of protectionism and nationalism create conflict and lower living standards for all.
In our imperfect world of state-owned energy companies, some being U.S. foes, the imperative is policy reform toward private property rights, market exchange, and the rule of law. This is the real sustainability issue, not the exaggerated issue of anthropogenic climate change from carbon-based energy usage.
Private ownership of the subsoil, and privately owned energy infrastructure otherwise, would create wealth compared to the current system of political elitism. Private, dispersed wealth, such as initially assigning mineral rights to surface owners, such as proposed by Guillermo Yeatts, whose views are summarized in my post, “‘Theft of the Subsoil’: Guillermo Yeatts on Latin/South America mineral-rights reform,” would increase personal power and civil society, while reducing state power.…Continue Reading