Peak Gas: A Forecasting Failure of Henry Groppe Jr.

By Robert Bradley Jr. -- July 7, 2023 1 Comment

“Color me confused…. Henry Groppe Jr. missed badly with natural gas in the crucial 1980s. I thus invite anyone to challenge my account.”

Last month I visited the Permian Basin Petroleum Museum (highly recommended!) located in Midland, Texas. The exhibits and educational features–in room after room–were exemplary. I learned much and will continue to learn with each visit.

To my surprise, I saw a wall-size tribute to energy consultant Henry Groppe Jr., describing him as a successful, unique seer into the future of oil and gas. This surprised me. In my book Edison to Enron: Energy Markets and Political Strategies (2011), I covered the history of Transco Energy Company, of which Groppe was a board director and consultant with the ear of Transco CEO Jack Bowen. My story was quite different.…

Continue Reading

Private Property Rights vs. Industrial Wind/Solar: Reply to Giberson

By Robert Bradley Jr. -- June 15, 2023 2 Comments

“The systemic opposition of the locals to massive solar arrays and wind farms has created a new class of environmentalists. They live in and support greenery over government machining their living space. In contrast, the Washington, D.C. ‘environmentalists’ lobby and push from their concrete jungle. Going green and private property rights are aligned against Big Brother.”

The exchange (on Facebook) began with a post by Kevon Martis on the community pushback regarding a 1,000+ MW solar installation in Sanilac County, Michigan (see picture below). “Proposed Solar Farms Cause Community Concerns” reported concerns over water drainage (a recurring issue), and lower property values. Incessant noise and other issues can cross property lines in the case of industrial solar also. This is one battleground of many hundreds, of which nearly 300 wind/solar projects have been rejected or delayed in the U.S.…

Continue Reading

Electricity Policy: An Exchange with Lynne Kiesling (more evasion, statism from a “classical liberal”)

By Robert Bradley Jr. -- May 11, 2023 13 Comments

“… the economist is looking for the why-behind-the-why. And that is where negative pricing for wind and low margins in general from the regulatory setup ruined the economics of the [natural gas] industry, resulting in premature retirements, a lack of new capacity, and cost avoidance. Are you saying that there was a ‘market failure’ with natural gas in [the Texas blackout of February 2021]?” (Bradley to Kiesling, below)

She engages and then disappears. She is the “classical liberal” who refuses to question the climate alarm and favors the government-forced energy transformation to wind, solar, and batteries–and demand control from the political center. And she is all-in with the centrally planned wholesale power markets, better known as Independent System Operators and Regional Transmission Organizations (ISOs and RTOs).

She trumpeted the Texas ISO as the national model until it imploded in February 2021–and now blames natural gas, not wind and solar or central government planning.…

Continue Reading

A Try at Electric Vehicles: Samuel Insull a Century Ago

By Robert Bradley Jr. -- May 3, 2023 3 Comments

Ed. Note: The current government-led drive for battery electric vehicles (EVs) can be informed by history. In the 1890s through about 1920, electric vehicles went from market dominance to market rejection, outcompeted by the gasoline-powered internal combustion engine. This post, and others at MasterResource (here and here), revisit the early history of the electric vehicle.

Electricity was the early front runner for horseless carriages, and the great man of electric utilities, Samuel Insull, got out in front. In 1898, Chicago Edison opened battery-charging stations and offered promotional rates to jumpstart this market. “Load-leveling” rates meant cheap off-peak charging at wholesale to serve this embryonic market.

In 1899, Insull became president of the $25 million Illinois Electrical Vehicle Transportation Company, the western branch of the Columbia Automobile Company of New York, to market electric cabs and carriages in Chicago.…

Continue Reading

Federal Fiscal Reform: The Economists’ Letter

By Robert Bradley Jr. -- April 21, 2023 No Comments Continue Reading

Milton Howard’s Grid Cancer Projects

By Robert Bradley Jr. -- March 21, 2023 No Comments Continue Reading

The Texas Blackout: Markets or Regulators?

By Robert Bradley Jr. -- February 24, 2023 No Comments Continue Reading

“Rare Earths,” Electrification Mandates, and Energy Security (Part I)

By -- January 11, 2023 7 Comments Continue Reading

DeSmog’s 1,000: A Badge of Honor

By Robert Bradley Jr. -- January 10, 2023 2 Comments Continue Reading

Steven Koonin: Guilty as Charged (DeSmog’s Hall of Fame)

By Robert Bradley Jr. -- December 7, 2022 2 Comments Continue Reading