Yesterday (Mar. 9), the Houston Chronicle published an op-ed by Shell Oil CEO Marvin Odum titled, Why Shell Oil Co. and I are staying in the U.S. Climate Action Partnership. It’s pretty thin on substance. Kinda reminds me of that ’80s film, “The Unbearable Lightness of Rent-Seeking.”

Maybe Mr. Odum got his marching orders from The Hague (Netherlands), or maybe he really believes cap-and-trade is good for the oil (and natural gas) business. These are strange times. Confusion abounds in high places.

In this post, I provide a running commentary on Odum’s column.  Odum’s verbiage is indented; my comments follow in bold type. 

Today, Washington is having the wrong energy and climate debate, and the future of the U.S. economy may be the biggest casualty.

A rather amazing statement, considering that the party of cap-and-trade controls the White House and the leadership of both the House and Senate. …

All interconnected transmission and distribution (T&D) grids have one thing in common. Their operators must continually dispatch generators to keep the network’s supply and demand in balance at all times and to maintain its voltage and frequency within very tight tolerances.

The “simultaneity problem” is not shared by oil or natural gas or coal. It is a tough reality for electricity that Thomas Edison and countless inventors since him have tried to solve via affordable battery storage. 

So where are we today in terms of cost per kWh to use batteries to store power and, in the case of intermittent technologies, firm power? For utility scale battery systems, expect to pay between $1,000/kW and $4,000/kW, according to the Electricity Storage Association. The DOE’s optimistic assessment estimates those costs will drop to around $500/kW by 2012.…

[Editor note: Hat tip to Michael Fumento at globalwarming.org for his recommendation of Number Watch’s listing below. This site advertises itself as a depot for “all about the scares, scams, junk, panics, and flummery cooked up by the media, politicians, bureaucrats, so-called scientists and others who try to confuse you with wrong numbers.”]

Of course U.S. EPA is correct in their finding that the human influence on climate (aka anthropogenic global warming) poses a threat to human welfare. And no wonder why Obama science advisor John Holdren has not disowned his prediction that as many as one billion people could perish by 2020 from climate change.

We surrender. We apologize. We bucked the science as long as we could and just have nowhere to hide. And Dr.…

At the NARUC Winter Meeting in Washington D.C. last week, a Study Group composed of regulatory commissioners, consultants, government and university economists, and non-profit association sponsors released their energy research report: ANALYSIS OF THE SOCIAL, ECONOMIC AND ENVIRONMENTAL EFFECTS OF MAINTAINING OIL AND GAS EXPLORATION AND PRODUCTION MORATORIA ON AND BENEATH FEDERAL LANDS
(Assessment of the Combined Relative Impacts of Maintaining Moratoria and Increased Domestic Onshore and Offshore Oil and Gas Resource Estimates).

The just released study, prepared by Science Applications International Corporation (SAIC) and subcontractor Gas Technology Institute (GTI), makes a resounding case for the federal government to consider exploration and production on land and offshore for the common good.  And far from being an ‘industry group’, the ‘Moratoria Study Group’ represented a formidable national body of public and private energy experts whose study found that consumers, the national economy, vast new employment potential  and national defense could benefit from plentiful, affordable and reliable domestic energy resources.…