Search Results for: "Ken Lay"
Relevance | DateInferior, Subsidized Energy Feels the Pain
By Bill Peacock -- May 11, 2020 1 CommentPaul Gaynor, CEO of Longroad Energy, a utility-scale wind and solar developer, recently said, “Pre-pandemic, there were great dreams and aspirations for a record-setting year.” Indeed, the renewable industry was well on its way this year to a new record: the $9 billion subsidy mark. Mr. Gaynor’s dreams and those of the industry are a burden to the rest of us.
Without the subsidies, it is almost certain [that wind and solar] would be only a niche industry, supplying perhaps a percent or two of our power, rather than the 26% it is currently supplying in Texas.
For the first time last year, electricity produced from wind in Texas almost equaled the amount produced from coal. This year, it appears as if wind is going to blow coal away.
Last year, each source produced about 20% of the electricity used on the grid.…
Continue Reading“Petroentrepreneurs” are Environmentalists Too (DEPA tribute rings true)
By Robert Bradley Jr. -- April 29, 2020 1 CommentFossil fuels would never brag, but they offer more versatility to create modern comforts than probably any other natural resource.
Fossil fuel [technology] … has made this quarantined Earth Day bearable.
– DEPA, “Earth Day; 50 Years of Overlooking Fossil Fuels,” April 22, 2020.
Last week, an Earth Day tribute by the Domestic Energy Producers Alliance (DEPA) went largely unnoticed. “Earth Day; 50 Years of Overlooking Fossil Fuels” noted how individuals of the upstream oil and gas industry are directly connected to the wilds of earth (and probably more so than the Washington DC staffers of the major environmental organizations who think that wind turbines and solar panels are environmentally preferable).
The piece highlighted the taken-for-granted goods and services made possible by fossil fuels.
DEPA’s 389-word tribute follows in its entirety.…
Continue ReadingBryce’s “A Question of Power”
By Bill Peacock -- April 21, 2020 11 CommentsRoughly 3.3 billion people—about 45 percent of all the people on the planet—live in places where per-capita electricity consumption is less than 1,000 kilowatt-hours per year, or less than the amount used by my refrigerator.
By 2017, more than 6,600 coal-fired power plants, with a combined capacity of about 2,000 gigawatts, were operating around the globe…. Not only that, coal’s share of global electricity production has remained nearly constant, at about 40 percent, since the mid-1980s. Why is this? For the simple reason that coal is cheap and widely available.
Americans are currently facing significant uncertainty over how the drop in oil prices, the COVID-19 virus, and governments’ response to both will harm the economy and their long-term prosperity.
However, the harm caused by governments that limit access to affordable and reliable electricity is well understood.…
Continue ReadingStimulus IV: Last Chance for the Green New Deal?
By Mark Krebs -- April 2, 2020 3 CommentsDon’t forget that just before the World was upended by coronavirus, we had another deep-decarbonization electrification bill: the 555-page American Energy Innovation Act (AEIA).
Since “clean energy” unfairly discriminates against the leading (and clean) alternatives to electricity, this is contrary to the best interests of free markets and providing affordable energy for consumers.
Yes; another “stimulus” bill is possible and perhaps even likely. Expect Nancy Pelosi’s “Green New Deal” to be part of this effort given that the Senate and the President said NO to subsidies for solar panels and wind turbines in the CARES Act.
Numerous special interests didn’t get their piece of the pie and were promised another shot in order to move the CARES Act out of the Senate. It’s all politics, not consumer economics, for the pack of lobbyists in an election year, trading campaign contributions for legislative favors.…
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