Major wind projects are being cancelled or put on hold with waning public and private support. In recent weeks,
In each case, company officials blamed current market conditions and the inability to secure a long-term power contract with area utilities.
PTC In Review
The American Wind Energy Association (AWEA) insists the industry is at risk of a slow-down if Congress does not act quickly to extend the Production Tax Credit (PTC), the federal incentive most often credited for market growth in the wind sector. The PTC expires at the end of 2012.…
Continue Reading“It’s time to move the debate past the dogmatic view that carbon dioxide is evil and toward a world view that accepts the need for energy that is cheap, abundant and reliable.”
– Robert Bryce, “Five Truths About Climate Change,” Wall Street Journal, October 6, 2011.
“Every [energy] policy objective should be viewed through the lens of affordability.”
– John S. Watson, Chairman and CEO, Chevron Corporation
Remarks at the Peterson Institute for International Economics, Washington, D.C., October 19, 2011.
Chevron CEO John Watson delivered a major address last month in Washington, D.C. that reorients energy sustainability from controversial neo-Malthusian notions toward consumer affordability and reliability. As such, it marks an end to the ‘apologetic’ era launched by BP’s John Browne in his 1997 Stanford University speech, which proclaimed that fossil fuels were problematic in relation to anthropogenic climate change.…
Continue Reading“The true meaning of Thanksgiving … is the triumph of Capitalism over the failure of Collectivism in all its forms. In light of America’s current political debates over health care and energy, involving 25 percent of our economy, the message of Thanksgiving is more timely than ever.” – Professor Richard Ebeling
In good economic times or bad, Thanksgiving is when Americans gather with their families and friends and enjoy the most special meal of the year. The event remembers those early Pilgrim Fathers who crossed the uncharted ocean from Europe to make a new start in Plymouth, Massachusetts.
What is less appreciated is that Thanksgiving also is a celebration of the birth of free enterprise in America.
The English Puritans, who left Great Britain and sailed across the Atlantic on the Mayflower in 1620, were not only escaping from religious persecution in their homeland.…
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