“As we’ve said from the beginning of this project, we are going to build these units the right way…. We have endured and overcome some extraordinary circumstances building the first new nuclear units in the U.S. in more than 30 years. Despite these challenges, progress at the site has been steady and evident.”
– Chris Womack, chairman, president and CEO of Georgia Power, October 21, 2021
Forget the U.S. Synthetic Fuel Administration of the 1970s. Forget the Obama Administration’s Solyndra project. The biggest debacle in modern U.S. energy history appears to be in Georgia, and the saga continues.
And far from unique, the latest-and-greatest in nuclear (this was supposed to be the breakthrough) is a warning sign about nuclear power in general. It has always needed government subsidies and protection. And it was a setup train wreck under lenient public utility regulation that allowed the franchised monopoly utility to recover all costs and a “reasonable” rate of return on invested capital.…
Continue Reading“… by Exxon’s calculations, a barrel of algal oil could be worth as much as $350, when factoring in existing low-carbon fuel standards and tax credits that add as much $260 in value to each barrel. Traditional crude oil currently sells for less than $80 a barrel.”
“The process requires vast amounts of energy so much so that algal biofuel production might consume more energy than it produces, some researchers concluded.”
Biofuels and biomass are energy technologies that are uneconomic and a mirage for the environmental gains that are desired by Left environmentalists. It is a loss-loss-loss for energy, stockholders, and the environment.
The article by Christopher Matthews, “Exxon Sees Green Gold In Algae-Based Fuels. Skeptics See Greenwashing” (Wall Street Journal, October 4, 2021) speaks for itself.…
Continue ReadingNJ Ayuk, executive chair of the African Energy Chamber, wants first-class energies for first-class people, not wind and solar blight. His recent post on LinkedIn speaks to Africa’s priorities.
“Ultimately, Africans deserve the same level of energy access and security that the rest of the world takes for granted. The number of people left behind is simply too large to allow foreign agendas to take viable options off the table.”
After three days in Glasgow for COP26, you can’t help but ask yourself where do we go from here as an African energy sector. I maintain my disappointment with the global elites for failing to invite the oil and gas industry. Oh well, they invited me.
With dire warnings about the impending dangers of climate change clouding the headlines on a daily basis, energy transition from fossil fuels to renewables is a hot topic.…