“Offshore wind is essentially a government-made market that would not exist in the U.S. but for a massive intervention from Washington and an ‘at-any-cost’ mentality at the state level. Of the alleged 15,650 MW of offshore wind in DOE’s pipeline, a very small fraction represents projects proffered by private entities.”

It’s official. At a White House summit last month, the Obama administration publicly backed its new government program – offshore wind. With America’s first offshore project now under construction, and the Department of Energy’s (DOE) latest analysis  showing 21 projects totaling 15,650 megawatts in the works, the political boost could trigger a development boom.

But don’t count on it. The already uneconomic on land is only worse off in the waters.

Washington’s Wishful Thinking

Washington’s support for wind power is ideological, steeped in wishful thinking about what could be built, both on- and off- shore.…

The Alliance for Wise Energy Decisions (AWED) is an informal coalition of individuals and organizations interested in improving national, state, and local energy and environmental policies. Our premise is that technical matters like these should be addressed by using Real Science (please consult WiseEnergy.org for more information).

A key element of AWED’s efforts is public education. Towards that end, every three weeks we put together a newsletter to balance what is found in the mainstream media about energy and the environment. We appreciate MasterResource for their assistance in publishing this information.

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Some of the more informative articles in this issue are:

The Big Sunshiny Lie

Fraud and Corruption in the Power Generation Industry

Appeals court blasts US Government’s view of key bird law

Study: Intermittency of UK Wind Power Generation 2013 and 2014

CO2 Emissions Reductions – What History Teaches Us

Wind Energy’s Claim that it’s “Clean” is not true

Saving the Environment from Environmentalism

Study: Energy Efficiency Investments Do NOT Deliver

Models vs.…

“In 2014, more than 40 percent of its resources went to renewable energy projects. Environmental advocacy groups such as Greenpeace largely support OPIC’s recent emphasis on renewable energy, but still criticize OPIC’s continued support of energy-related projects that use fossil fuels.”

A small victory for taxpayers and cronyism foes occurred today with the expiration of the charter of the Overseas Private Investment Corporation (OPIC), a government lending agency. The agency is still open, but like its sister the Export-Import Bank (EXIM), whose charter expired this June 30, it cannot engage in new business.

OPIC and EXIM remain open to service existing loans, however, and reauthorization would bring them back to full life.

Background

OPIC’s three key policy objectives are to:

1. Stimulate economic development in developing countries;
2. Make foreign policy gestures on behalf of the U.S.

“The anti-fossil fuel environmental movement is in despair. For decades, proponents of the ideology of sustainable development preached that humanity was running out of oil and gas, that consumption of hydrocarbons was destroying the climate, and that renewable energy was rapidly becoming a cost-effective alternative. But the Shale Shock has slain peak oil and promises low-cost oil and gas for centuries to come.”

The world has changed. Although few yet understand it, the revolution in the production of oil and natural gas from shale has altered the course of global energy, affecting most of the world’s people. This is not a short-term event. Citizens, industries, and nations will be impacted for decades to come.

We are witnessing a modern energy miracle. For more than 30 years, US crude oil production fell from 9.6 million barrels per day in 1970 to 5 million barrels per day in 2008.…