At a time when energy realists need to take the high ground, corporations are bringing us low. Some of this is old fashioned rent-seeking; some greenwashing; and some just political correctness (as if California was the world).

For weeks, Siemens has been running full-page ads for wind technology. Last week Chevron and Weyerhauser, in full-page ads, agree “IT’S TIME OIL COMPANIES GET BEHIND THE DEVELOPMENT OF RENEWABLE ENERGY.”

The same slush is coming from GE, AES, BP, Shell, NRG, and a legion of corporations whose fundamental commodity is fossil fuel.

Do these multinationals really believe that wind and solar will put a dent in their fossil fuel market share? Or is something else afoot? One should note that nowhere does this renewable ballyhoo from today’s energy goliaths mention a word about saving the world from the devastation of climate change wrought by the consequences of fossil fuel use, although this was the tack Ken Lay took to steer Enron’s aggressive renewables course.…

“If I were a gambler, I would take even money that England will not exist in the year 2000.”

– Paul Ehrlich, quoted in Julian Simon, The Ultimate Resource 2, (Princeton: Princeton University Press, 1996), p. 35.

“As University of California physicist John Holdren has said, it is possible that carbon-dioxide climate-induced famines could kill as many as a billion people before the year 2020.”

–  Paul Ehrlich, The Machinery of Nature, Simon & Schuster, New York, 1986, p. 274.

In the name of science, Paul Ehrlich, John Holdren, and James Hansen (et al.) have made doom-and-gloom predictions about business-as-usual in an attempt to shock humanity into immediate legislative action and lifestyle changes.

It did not work. The elapsed predictions have failed to come to pass. Little wonder that new installments of climate alarmism, such as Juliet Eilperin’s “25% of Wild Mammal Species Face Extinction: Global Assessment Paints ‘Bleak Picture,’ Scientists Say, and Figure of Those at Risk Could Be Higher” in the Washington Post (October 7), don’t register with voters.…

Several months ago, a study by the anti-nuclear group North Carolina Waste Awareness Network (NC WARN) gained worldwide exposure by concluding that solar power is cheaper today than  nuclear power.

The New York Times ran an article highlighting the findings, but the article was so criticized that the newspaper’s editors responded with what amounted to an apology.

NC WARN’s startling, untenable conclusion is the subject of this post, which is based on a longer paper.

The group’s central graph (Figure 1), which took the media hook, line, and sinker, shows a steep decreasing cost curve for solar over time coupled with a pronounced increasing cost curve for nuclear.

Figure 1. Generation costs from solar and nuclear power according to Blackburn and Cunningham (2010).

But nuclear power is less, not more, expensive than solar power.…

“Material insufficiency and environmental problems have their benefits, over and beyond the improvement which they invoke. They focus the attention of individuals and communities, and constitute a set of challenges which can bring out the best in people” (emphasis added).

– Julian Simon, The Ultimate Resource 2 (1996), p. 587.

“We need our problems, though this does not imply that we should purposely create additional problems for ourselves.”

– Julian Simon, The Ultimate Resource 2 (1996), p. 588.

If he were alive, Julian Simon (1932–1998) would apply his view that our problems can make us better to the worst-case scenario that BP uniquely brought to life in the Gulf of Mexico this year.

Simon argued that there was a third driving force or condition for human improvement beyond the institutional  framework for progress (private property, voluntary exchange, the rule of law) and the insightful reasons given for capitalistic progress (motivation, effective use of knowledge, trial and error feedback, etc.).…