“On the 15th anniversary of the BP blowout, the real takeaway is that oil companies that think they are ‘beyond petroleum’ are value destroyers for shareholders and for the environment.”
Every April commemorates BP’s Deepwater Horizon oil spill (April 2010). To the anti-energy Left, Deepwater Horizon is the epitome of oil-gone-bad, coming some 21 years after the Exxon Valdez oil spill. It was not supposed to happen again, but ….
The sad facts of Deepwater Horizon will forever remain; the multiple failures behind the seafloor accident meticulously documented. But a paradox remains. Mighty BP, captained by John Browne, the leading “environmentalist” of the petroleum industry, created a corporate culture that resulted in lax safety and environmental protocols. By saving about $5 million out of $100+ million in drilling costs, the company ended up paying out in excess of $60 billion.…
“Government as engineer for top-down planning or bottom-up incentives is a fatal conceit. Misidentifying the problem and imposing (government) solutions is error upon error–and in this case on a global scale. What about here-and-now economics? Consumers matter. Taxpayers matter. Energy freedom matters.”
Susan Krumdieck, an “energy transition engineer,” posted an open invitation to her network about a March 16 online discussion hosted by Insight Committee for Convergence, “Global Solutions and Outreach Programs – Our Best Chance to Resolve Global Warming.” The invitation read:
Humanity is staring into the face of an existential threat of its own making. Humanity must collaborate to minimize the risk from this threat. Current global collaboration efforts are failing.
The pitch:
We are now locked into a paradigm that prevents us from resolving this threat.…
“Do not dare say that Texas is ‘deregulated’ or the free market or ‘competition’ failed in the Lone Star State. All of the state and federal laws [listed] need to be repealed where the owners of assets gain control of them–and customers make voluntary transactions with government out of the picture….”
Doug Sheridan, a top energy analyst with a large social media footprint, noted the dirty hidden secret behind Texas’s beleaguered grid.
When we examine the cost of solar energy, we assume all energy comes from new assets built at current costs. Those assets are assumed to power a hypothetical grid in a US region rich in both natural gas and sunlight.
The results of the analyses show a breakeven cost of generation of $54.24 per MWh for a 100% newbuild gas-fired system.…