“In the past ten years the world has added three-quarters of a billion people to the middle class. For more than two centuries the United States has helped lead many of these advancements by spreading our ideals of free markets, free trade, rule-of-law, and limited state involvement that allow private initiative to innovate and drive advances.”

Chevron CEO John Watson’s pro-energy emphasis in public forums has been featured at MasterResource before. His latest speech was made before the Economic Club of Minnesota in Minneapolis on September 16, 2014. It is reproduced (subtitles added) in its entirety.

Minnesota is home to so many great companies…3M, Target, General Mills, Cargill and others that play a very important role in our country’s economic growth. These companies and the other members of the Economic Club of Minnesota are providing jobs and opportunity for this community and serving as an example of leadership for the entire Midwest.…

“A groundbreaking gathering of the most acclaimed thinkers, scholars, and policymakers on our historic energy revolution, the global prosperity it will produce, and the federal policy that threatens it.”

Date: September 25/26, 2014

Place: Hyatt Regency Houston

Contact: REGISTER NOW

Kudos to the Texas Public Policy Foundation (TPPF) for hosting a state-of-the-art climate and energy conference in the nation’s energy capital. The global warming establishment, including many government-grant-dependent local university professors, may stay away. But open-minded Houstonians and visitors will get a multi-disciplinary dose of sound physical science, political economy, and resource economics at this two-day event.

TPPF describes the conference as follows:

At the Crossroads is a unique gathering of the world’s foremost experts, brought together to analyze the historical crossroads at which our county sits. The burgeoning opportunities flowing from the energy revolution are now directly threatened by federal regulatory mandates to displace coal, oil, natural gas. 

Wind energy development in the United States has slumped. Despite record installations in 2012, and eking out a 1-year, $12 billion extension [1] of the wind production tax credit (PTC), new wind capacity last year fell to just 1,087 megawatts, a level not seen in more than a decade. Development in 2014 is showing signs of improvement, but the year may not fare much better.

The industry blames Congress and the uncertainty surrounding the PTC for the slowdown. But such thinking is overly simplistic and ignores the fundamental challenges facing big wind. This slump, like others that plagued development in prior years, can be traced directly to generous government assistance, current energy prices, and the inherent limitations of wind power.

Slowdown Reasons

The Section 1603 cash grants enacted under ARRA fueled a wind bubble as developers raced to build and qualify their sites.…

“Events are spiraling down so rapidly that I struggle to sleep…. Ironically, environmental groups’ insistence that renewables are the only alternative to fossil fuels actually assures expansion of fracking, locking in long-term dependence on gas for electricity, and crude oil for vehicles.”

– James Hansen, “The Energy to Fight Injustice,” August 20, 2014.

James Hansen is “nauseous” about Beijing’s “impenetrable smog”—fair enough. China needs to use off-the-shelf technology to clean up its their coal fleet, one plant at a time (as done in the U.S.).

Hansen is “troubled” about “the injustice” of climate change—highly debatable. The doctor’s own prognostications about global warming have been falsified and again (along with many others). [1] The warming of the 1990s was due to natural factors, not only anthropogenic ones, the latest science suggests.…