Ed. note: This post excerpts energy and climate material from the Media Balance Newsletter, a free fortnightly published by physicist John Droz Jr., founder of the Alliance for Wise Energy Decisions. The complete Newsletter for this post can be found here.

Greed Energy Economics:
*** A Texas-Sized Energy Fiasco
*** Lazard’s levelized cost of power generation figures remain “highly implausible”
*** Greens Refuse to Discuss Recycling of Renewables, etc.
Wind Generation Cost to Ontarians on April 13th Hit a Record of $2,055/MWH
California Power Companies Propose to Bill Electricity Partly by Income
Wind Power Has A Profitability Problem
Renewable energy PPA prices continue to rise despite Inflation Reduction Act relief

Renewables (General):
*** The Renewable Intermittency Challenge
*** End preferences for unreliable electricity
*** The Great Green Dream is a Fantasy
Addressing Wind/Solar Instability: Hardwiring the Grid
Australia’s ‘green energy’ chimera
Jamie Dimon’s Climate Corporatism

Wind Energy — Offshore:
*** Pentagon Sounds Alarm Over Biden Plan for Offshore Wind Sites
*** Short video: Is Industrial Offshore Wind Development Killing Endangered Whales?…

“Granted, the acoustic pollution caused by sonar – particularly powerful navy systems – is greater than that from wind turbines. But wind turbine noise is nearly constant, lasts as long as the turbines and comes from multiple directions, as in the area where the whales were recently stranded.”

“We would be far better off simply ending wayward, wasteful offshore wind energy programs. The free market can neuter wind short of the assessing the environmental damage.”

Between January 9 and February 4, 2016, twenty-nine sperm whales got stranded and died on English, German and Dutch beaches. Environmentalists and the news media have offered all manner of explanations – except the most obvious and likely one: Offshore wind farms. Indeed, the area has Europe’s and the world’s biggest concentration of offshore wind turbines, and there is ample evidence that they can interfere with whale communication and navigation.…

[Editor Note: This five-part series by Mr. Epstein, originally published in The Objective Standard, revisits the Standard Oil Trust controversy in this the 100th anniversary of the breakup of the Trust. Part I yesterday reviewed the flawed textbook interpretation of Rockefeller’s accomplishment.

The Standard story begins during the U.S. Civil War. In 1863, the first railroad line was built connecting the city of Cleveland to the Oil Regions in Pennsylvania, where virtually all American oil came from. Clevelanders quickly took the opportunity to refine oil—as had the residents of the Oil Regions, Pittsburgh, New York, and Baltimore. Cleveland had the disadvantage of being one hundred miles22 from the oil fields but the advantage of having far cheaper prices for materials and land (Oil Regions real estate had become extremely expensive), plus proximity to the Erie Canal for shipping.…

[Editors note: This is part 3 of 4 in Alex Epstein’s exploration of innovation and creative destruction of the early oil market. Read Part 2 here. References are at the bottom. This post was originally published in The Objective Standard.]

George Bissell was the last person anyone would have bet on to change the course of industrial history. Yet this young lawyer and modest entrepreneur began to do just that in 1854 when he traveled to his alma mater, Dartmouth College, in search of investors for a venture in pavement and railway materials. 26 While visiting a friend, he noticed a bottle of Seneca Oil—petroleum—which at that time was sold as medicine. People had known of petroleum for thousands of years, but thought it existed only in small quantities.…