Oil “worthless”? Under this standard, the commercial airline and cruise industries are worthless, as are the people who can’t effectively work from home.
Normalcy is not the future the anti-oil Houston Chronicle wants to see, an extreme editorial position that combines Green New Deal advocacy with Trump Derangement Syndrome in an election year.
On Sunday April 26, the Editorial Board of the Houston Chronicle published “Remember the People Behind Industry; Put Those Working in Oil and Gas First, Above Free Market Ideology.” The lead Sunday op-ed was meant to soften up the entrepreneurs, politicians, and citizens of the oil capital of the nation and world.
The op-ed was bad, even offensive, penned by a monolithic editorial board (no conservatives or libertarians allowed) that is beholden to climate alarmism and government-forced energy transformation.…
Big wind does not have a COVID problem. It has a mismanagement problem.
[Chuck] Grassley is promoting the American Wind Energy Association’s bogus claim that COVID slowed the industry causing projects to delay into 2021. He is now asking the IRS to extend the four-year window by another year to allow MWs that started construction in 2016 to spill into 2021 and still earn 100% PTC.
– Lisa Linowes (below)
The Texas Business Coalition recently published an interview with the intrepid critic of government-enabled industrial wind power, Lisa Linowes. The TBC’s article, “Wind Energy Researcher: Don’t Extend Deadline for Wind Projects” (April 26. 2020), explains what Big Wind is after now under the guise of Pandemic policy.
The article follows in its entirety.
Six U.S. senators, citing the COVID-19 pandemic, have asked for “safe harbor” deadline extensions to assist renewable energy developers to meet construction deadlines and qualify for tax credits.…
” … legislatively blocking oil imports would also disrupt oil exports from the U.S., which means some producers win and others lose. Trying to untangle ‘good’ imports (such as from Canada and Mexico) from ‘bad’ imports (Saudi Arabia and Russia) is all but futile given the fungibility of oil and trading patterns that can recolor the oil.”
History rhymes regarding the economics and political economy of the U.S. oil market. Today, it is Harold Hamm and the 34-company trade group Domestic Energy Producers’ Alliance (DEPA). Yesterday, it concerned a petition from 12 independent producers about unfair, below-cost oil sales by foreign companies (see “Oil and Those Slippery Anti-Dumping Laws” New York Times, August 5, 1999, reprinted below).
Twenty-one years but the same issue: too much supply relative to demand to drive prices down.…