Search Results for: "Windfall"
Relevance | DateERCOT’s SNAFU: $16 Billion? $30 Billion? (perils of central planning)
By Bill Peacock -- March 17, 2021 3 Comments“Other than desperation, why would the commissioners have increased electricity prices to the point that Texans paid more for electricity in one week than they had for the last three years combined?…. At the heart of the PUC’s decision seems to be a belief in theoretical market constructs over actual markets.”
“At the time, the new PUC chairman, Arthur D’Andrea, noted, ‘I think we all expected that when we were in load shed we would be at $9,000.’ In other words, the commissioners did not care what market prices actually were. They were going to impose their vision on the market, regardless.”
The Electric Reliability Council of Texas (ERCOT) is a government agency advertised as a ‘nonprofit corporation.’ It is also a government planning agency, not a free-market institution, under the thumb of state legislators and regulators.…
Continue ReadingPresident’s Day: Best and Worst, Energy-wise
By Robert Bradley Jr. -- February 15, 2021 2 Comments“There are far too few heroes and far too many failures in the history of presidential energy politics.”
Who can claim to be a true energy President from a pro-consumer, pro-taxpayer, pro-free-market perspective?
Which U.S. heads qualify for an anti-energy label for violating economics 101–and endangering the health and welfare of all of us who rely on the MasterResource?
Of the 30 or so candidates in the Lincoln-to-Biden era (the first commercial oil well dates from 1859), just a few names compete for the best, while many more vie for the worst.
Two Best: Trump and Reagan
The best two from a classical liberal perspective are Donald Trump and Ronald Reagan. A third candidate just does not come to mind, certainly in the modern energy era.…
Continue ReadingJimmy Carter Was Right?
By Robert Bradley Jr. -- September 17, 2020 4 Comments“Jimmy Carter was right in exhorting Americans to turn down their thermostats, even if he did look nerdy in a cardigan while urging us to do so.”
“An energy crisis is again upon us. Soaring gasoline prices and oil imports are daggers aimed at the heart of our stumbling economy.”
– Joseph Wheelan, “Is it Safe Now to Admit Jimmy Carter Was Right?” (July 2008).
It’s back to Jimmy Carter with the Biden/Harris (or Harris/Biden) ticket. The Democrats might not admit as much, but the “soft energy path” of the 1970s is back in vogue with climate change replacing fears of oil and gas depletion and of oil imports.
Consider this piece by Joseph Wheelan, “Is it Safe Now to Admit Jimmy Carter Was Right?” (July 2008) that with some updating on the villains could pass for an op-ed today.…
Continue ReadingCalifornia’s Energy Vampire: Solar at Night (Silverstein misleads in Forbes)
By Wayne Lusvardi -- September 15, 2020 5 Comments“Cal-ISO reported for August 14 … a sudden, unplanned 1,098-megawatt ‘forced’ loss of wind power on that day from the Alta Wind Energy Center in Tehachapi serving Southern California….”
“Cal-ISO formed a Western regional Energy Imbalancing Market in 2014 … to provide power during its daily ‘two-hour energy crisis’ at sunset when solar power cuts out (called the Duck Curve).”
Writing in Forbes magazine online, journalist Ken Silverstein claims that “Green Energy is Not Among the Culprits Behind California’s Energy Crisis”. Who is this author, and what is his logic and evidence?
Silverstein has written several non-fiction titles for Verso Books, a publishing house dedicated to radical leftism. He is one of the promulgators of the media myth that Enron caused the California Energy Crisis of 2001, notwithstanding the Enron officials who were convicted of accounting fraud.…
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