A Free-Market Energy Blog

Dynegy, Coal, and Two Takes at the Houston Chronicle

By Robert Bradley Jr. -- January 11, 2009

Today’s Houston Chronicle has two takes on the recent decision by hometown Dynegy to pull back from participating in the construction of new coal plants and concentrate on expanding capacity at its existing plants.

The Chronicle‘s lead editorial, “No King Coal,” citing air pollution and global warming fears, applauded the pullback as socially good. “Dynegy officials deserve credit for moving in a new direction that will ultimately benefit the city, their stockholders and their customers,” the Chronicle stated. The editorial quoted an environmentalist lobbying against Dynegy’s coal plans: “With this development coal-fired power is one step closer to being mothballed once and for all in the U.S.”

The Chronicle‘s business editorialist Loren Steffy had a different take. In today’s column, “Applause for Pullout from Coal Venture is Misguided,” Steffy rejects the environmentalist dream that storage-capable wind and solar, combined with energy efficiency, is anywhere near ready for prime time.  He warns against heavy-handed government policies blocking new gas- and coal-fired power plants and warns, “We’re trading reliability for promises that may leave us cheering in the dark.”

Steffy is no industry shill. He is an open-minded populist who knows the difference between energy reality and environmentalist dreams. And he cares about consumers who want affordable, reliable energy for their growing needs. A student of the late Enron, Steffy also knows what company was responsible for the renewable energy mandate that saddled Texas with the artificial wind industry.

Stay tuned: The Chronicle speaks with different voices when it comes to energy policy.

3 Comments


  1. Tychon  

    European gas Queen & state-industrial fallout:

    The P3-doctrine of cheap oil and easy money.
    Please let global warming be arbitrary for decades to come, victims of waste, pollution and state-corporate crime are ubiquitous. Incorporate governance is inherent to international public-private partnerships (P3)that operate in shady markets where tax is no issue.

    US King Coal raped the European Gas Queen (Beatrix) in 1963 by imposing American post-war technology advantage upon a willing partner and “friendly” nation: the Dutch government wilfully embarked on the world’s biggest P3 “N.V. Nederlandse Gasunie” (Exxon+Shell+gov.nl) by being forced to buy American long-distance and high-pressure technology from Bechtel, under Esso supervision (Esso-four plan) for it’s European distribution network after the second biggest natural gas reserves in the world were discovered in the Netherlands in 1958.

    Just shelving coal plant development is not sustainable. New sophisticated carbon technology and global energy price stability is not served by delaying tacticts or even carbon credit exchange.

    The global problem is rooted in the US claim culture on par with the unwinding greed-technology: the last decade of US supremacy has almost come to an end. What arrogant scientists called the ‘lost decade’ for Japan, will prove to be a very beneficial lesson for the entire world. At least these people learned what sustainability is all about.

    Energy reliability and security depend heavily on new sophisticated technology for renewables and traditional carbon polluters alike. National thinking and manipulating of the US government under US corporate pressure will never address the global extend of the problem.

    Easy money derived from cheap oil will frustrate sustainable development and responsible governance forever.

    Obama has no clue.

    http://Enron.complexxon.org

    Reply

  2. Tychon  

    Exxon’s cheap oil strategy reigns over King Coal and Queen Gas:

    European gas Queen & state-industrial fallout:
    The P3-doctrine of cheap oil and easy money.
    Please let global warming be arbitrary for decades to come, victims of waste, pollution and state-corporate crime are ubiquitous. Incorporate governance is inherent to international public-private partnerships (P3)that operate in shady markets where tax is no issue.
    US King Coal raped the European Gas Queen (Beatrix) in 1963 by imposing American post-war technology advantage upon a willing partner and “friendly” nation: the Dutch government wilfully embarked on the world’s biggest P3 “N.V. Nederlandse Gasunie” (Exxon+Shell+gov.nl) by being forced to buy American long-distance and high-pressure technology from Bechtel, under Esso supervision (Esso-four plan) for it’s European distribution network after the second biggest natural gas reserves in the world were discovered in the Netherlands in 1958.
    Just shelving coal plant development is not sustainable. New sophisticated carbon technology and global energy price stability is not served by delaying tacticts or even carbon credit exchange.
    The global problem is rooted in the US claim culture on par with the unwinding greed-technology: the last decade of US supremacy has almost come to an end. What arrogant scientists called the ‘lost decade’ for Japan, will prove to be a very beneficial lesson for the entire world. At least these people learned what sustainability is all about.
    Energy reliability and security depend heavily on new sophisticated technology for renewables and traditional carbon polluters alike. National thinking and manipulating of the US government under US corporate pressure will never address the global extend of the problem.
    Easy money derived from cheap oil will frustrate sustainable development and responsible governance forever.
    Obama has no clue.

    Reply

  3. Phil Charles  

    It is truely rediculous that the movement against coal power plants and greenhouse gasses has gained so much steam. There is a growing amount of scientist and data that suggest global warming is not happening. But the most rediculous statements are that eliminating coal is good for anyone . Interesting how the environmentalist never ever talk about how much higher electricity will be when the coal plants are gone. At least double folks and that if natural gas does not increase in price when all the gas turbines are online to make up for the coal power plants offline. So you have no proof of the warming and no honesty about electricity costs going up what a great movement a liars movement.

    Reply

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