Editor’s note: Keith Rattie, Chairman, President and CEO of Questar Corporation, headquartered in Salt Lake City, Utah, gave this speech at Utah Valley University on April 2, 2009. The full version is on Questar’s website. Subtitles have been added.
Energy Myths and Realities
There may be no greater challenge facing mankind today – and your generation in particular – than figuring out how we’re going to meet the energy needs of a planet that may have 9 billion people living on it by the middle of this century. The magnitude of that challenge becomes even more daunting when you consider that of the 6.5 billion people on the planet today, nearly two billion people don’t even have electricity – never flipped a light switch.
False 1970s Consensus
Now, the “consensus” back in the mid-1970s was that America and the world were running out of oil.…
Continue ReadingAt a recent conference in Oslo, Al Gore pounded one of his favorite drums. “We have to act, and we have to act quickly because we don’t want to cross this tipping point,” he warned. This particular tipping point (among the many tipping points in Mr. Gore’s collection) is the proclaimed melting of the world’s polar ice packs and glaciers in the Northern Hemisphere.
Mr. Gore regularly worries about ice melting in the Southern Hemisphere as well. In recent testimony to the House Energy and Commerce Committee, Mr. Gore warned:
… Continue Reading“We already know that the Antarctic Peninsula is warming at three to five times the global average rate. That is why the Larsen B ice shelf, which was the size of Rhode Island, already has collapsed. Several other ice shelves have also collapsed in the last 20 years.
“From the East Coast to the West and across the political spectrum, House lawmakers remain divided over how to protect America from losing a competitive edge to China and other nations under climate change legislation.
“At issue is how to prevent cement, steel, aluminum and other energy-intensive industries from responding to proposed new laws that could have the effect of slashing emissions by shuttering factories only to reopen them in countries unfettered by costly regulations.”
– Lisa Friedman, “Climate law poses trade risks; lawmakers unsure how to respond” E&E News, April 28, 2009 (subscription)
Marlo Lewis’s post, Is Cap-and-Trade Inherently Protectionist?, linked carbon dioxide regulation, U.S.-side tariffs (“border adjustments”), and international protectionism. Indeed, the interventionist dynamic–regulation expanding from its own complications and shortcomings–is a major theme of political economy.…
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