Search Results for: "shale gas"
Relevance | DateOPEC Dilemma (Cartel vs. Competition)
By Richard Sigman -- November 5, 2016 2 Comments“Cutting production in 2016 is much more dangerous to OPEC ‘s market share than the Arab Embargo of 1973. …. Today, the United States has massive reserves of oil and gas that will be, not might be, produced at the right price point.”
On October 17, 1973, the Organization of Petroleum Exporting Countries agreed to a five percent production cut from the previous month’s levels. They intended this strategy not solely for increasing their oil revenue but to punish the United States for its support of Israel in the Yom Kippur War. This production cut increased the price of oil dramatically and led to oil discoveries around the world including massive plays in Alaska, Mexico, and the North Sea.
Those three regions alone added approximately 6 million bbls/day to the world oil supply in the next seven years following the embargo.…
Continue ReadingWind Power: Our Least Sustainable Resource?
By Craig Rucker -- October 25, 2016 21 Comments“A single 1.7 MW wind turbine, like the 315 Fowler Ridge units, involves some 365 tons of materials for the turbine assembly and tower, plus nearly 1,100 tons of concrete and rebar for the foundation. Grand total for the entire Fowler wind installation: some 515,000 tons; for Roscoe, 752,000 tons; for Shepherds Flat, 575,000 tons. Offshore installations of the kind proposed for Lake Erie would likely require twice the materials needed for their onshore counterparts.”
The alter ego of climate change in these renewable energy debates is sustainability: the argument that wind and other “renewable” energies are sustainable, whereas oil, gas and coal are not.
This assertion may have had some merit a few years ago, when it could plausibly be claimed that the world was running out of fossil fuels.…
Continue ReadingGreen Party Energy: Front Door Cronyism, Back Door Poverty (convention concludes in Houston)
By Robert Bradley Jr. -- August 8, 2016 3 Comments“I know it’s a long shot, but there has to be someone telling the truth and showing a clear vision moving away from capitalism to an eco-socialist future that is just for everyone.”
– Gary Stuard (Green Party). Quoted in Kim McGuire, “Greens Steadfast on Environment.” Houston Chronicle, August 6, 2016, p. A4.
Milton Friedman once said: “One of the great mistakes is to judge policies and programs by their intentions rather than their results.” The uncommonly wise economist also said: “Concentrated power is not rendered harmless by the good intentions of those who create it.”
Let’s assume that the Green Party is made up a fair number of well meaning, non-corrupted (as in ‘crony capitalist’) individuals that really want the common person to have a good life and entrepreneurial opportunities.…
Continue ReadingGOP Energy Platform: Free Market Directions
By Robert Bradley Jr. -- July 20, 2016 4 Comments“A Trump Administration will focus on real environmental challenges, not phony ones …. We’ll solve real environmental problems in our communities like the need for clean and safe drinking water.”
– Donald Trump, “An America First Energy Plan.” May 26, 2016.
“Unlike the current Administration, we will not pick winners and losers in the energy marketplace. Instead, we will let the free market and the public’s preferences determine the industry outcomes.”
– Republican Platform (below)
Donald Trump is offering America a free-market energy vision. He has since this March. He did so again in his May 26th energy speech. Along the way, he has corrected his 2009 flirtation with climate alarmism/policy activism.
Trump has been endorsed by the free-market American Energy Alliance (the advocacy arm of the Institute for Energy Research, of which I am founder and CEO). …
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