Search Results for: "Enron, wind power"
Relevance | DateTexas’s Central Planning: Duplicating the Grid
By Robert Bradley Jr. -- March 16, 2023 2 Comments“The answer to ensuring a reliable and affordable supply of electricity in Texas is not more subsidies, it is less subsidies. It is getting politicians out of the electricity business.” (Bill Peacock, below)
“The conundrum is that the greater the overall share of renewables in the energy mix, the more customers will have to spend on these largely redundant backups.” (Financial Times, below)
Economists have warned against central planning where a government monopoly is invoked and decisions are made from the center. Free-market analysts also long warned Texas that the government-enabled takeover of the grid with wind and solar (dilute, intermittent all) would cripple the ability of the reliables (gas-fired, coal-fired, and nuclear) to make the grid stable and secure, short of ‘Acts of God.’
But Acts of Political Man won out, and the Great Texas Blackout of February 2021 happened.…
Continue ReadingKing Coal: India, Japan Update
By Robert Bradley Jr. -- March 15, 2023 1 Comment“In a free energy market, Solar + Wind would be whittled down to less than 1-2% of total electricity on [India’s] Grid.” (C. S. Krishandev, below)
“Yokosuka is one of the 22 new coal-fired power plants planned to be built in Japan by 2025, and it is the only coal-fired facility being constructed in Japan’s Greater Tokyo area.” (NS Energy, below)
Two recent social media posts by independent energy consultant C. S. Krishnadev provide an interesting look at recent coal developments. One is on India electricity demand, the other on a coal-for-oil/gas plant conversion in Japan. The upshot: Coal has many decades left as a primary energy to generate electricity.
India Current
Krishnadev provided an interesting update on India’s electrical generation mix:
… Continue ReadingIn a 24 hr period, India consumes 4.2 billion Kwh of electricity.
“BP’s CEO Plays Down Renewables Push as Returns Lag” (‘beyond petroleum’ imaging wearing thin)
By Robert Bradley Jr. -- February 2, 2023 3 Comments“[CEO Bernard Looney] and other BP executives have suggested that the company could play down future investment in areas including solar energy and offshore wind, according to some of the people. Discussions about the company’s direction have caused rifts inside BP over the past year, people close to the company say.”
The Wall Street Journal published a very revealing piece yesterday. “Bernard Looney seeks to sharpen strategic focus, with less emphasis on environmental goals,” reported Jenny Stasburg (February 1, 2023).
She begins:
… Continue ReadingChief Executive Bernard Looney plans to dial back elements of the oil giant’s high-profile push into renewable energy, according to people familiar with recent discussions.
Mr. Looney has said he is disappointed in the returns from some of the oil giant’s renewable investments and plans to pursue a narrower green-energy strategy, the people said.
Duke Energy’s Rolling Blackouts: Remember Jim Rogers’ CO2 Politics
By Robert Bradley Jr. -- January 17, 2023 No CommentsEd. Note: In mid-2019, MasterResource published a post on a notable political capitalist in the history of the energy industry, the late James E. Rogers, longtime CEO of Duke Energy. With that company’s rolling blackouts (“load shedding”) over Christmas weekend for a half-million customers “for the first time in the utility’s history“, it is worth remembering the damage done to free markets and electric reliability by the political track chosen by one executive. (The post is reproduced below with minor edits.)
… Continue ReadingAt 41 [in 1988], [James Rogers] was named CEO of PSI Energy Inc., a small, financially troubled Indiana utility. Breaking ranks with others in the electric-power industry, he supported legislation putting caps on sulfur-dioxide emissions. “Some of my guys thought I was drinking the environmental Kool-Aid,” he said later.