King Global Coal (NYT article parsed)

By Robert Bradley Jr. -- November 28, 2018

“Home to half the world’s population, Asia accounts for three-fourths of global coal consumption today. More important, it accounts for more than three-fourths of coal plants that are either under construction or in the planning stages — a whopping 1,200 of them….”

– Somini Sengupta, The World Needs to Quit Coal. Why Is It So Hard? New York Times, November 24, 2018.

It’s a fossil-fuel world. Dense, storable, portable mineral energies are winning despite much government-directed misdirection at home and abroad. And the Paris global climate accord, three years old next month, is reeling as a result.

Every now and then, the anti-fossil-fuel media owns up to the harsh reality of consumers choosing the most economical, convenient energies. This was the case of a recent New York Times feature, The World Needs to Quit Coal.…

Robert C. McNair: A PURPA Story

By Robert Bradley Jr. -- November 26, 2018

“A federal investment tax credit was enacted just as the project was being completed, adding 10 percent to the rate of return. Accelerated depreciation in the same law further sheltered profits from income taxes. Thank you, political capitalism.”

“Cogen Technologies would go on to become one of the very top independent power developers in the nation. The sale of CTI’s major asset to Enron in 1999 (McNair took cash, not stock) would make McNair one of Houston’s wealthiest men and provided the means to buy an NFL football team for his hometown, a deal that was also made possible by a new taxpayer-supported stadium, in no small part the result of an intense lobbying effort by Ken Lay and Enron several years before.”

Last Friday, the owner of the Houston Texans, Robert C.…