Presidential candidate Barack Obama promised that his policies would cause electricity rates to “skyrocket” and “bankrupt” any company trying to build a coal-fired generating plant. This is one promise he and his über-regulators are keeping.

President Obama energetically promotes wind and solar projects that require millions of acres of land and billions of dollars in subsidies to generate expensive, intermittent electricity and create (really centrally plan) jobs that cost taxpayers upwards of $220,000 apiece – most of them in China.

His Interior Department is locking up more coal and petroleum prospects, via “wild lands” and other designations, and dragging its feet on issuing leases and drilling permits.

Meanwhile, his Environmental Protection Agency is challenging shale gas drilling and fracking, and imposing draconian carbon dioxide (CO2) emission rules, now that Congress and voters have rejected cap-tax-and-trade.…

A few months ago, I participated in a symposium entitled, “A Sustainable Energy State — How Remote Is the Possibility?” I prepared some talking points for the event and, heeding the injunction to re-use and recycle, turn them here into a MasterResource column.

The following reflections make three main points: (1) A “sustainable” energy system, as that term is commonly used, will likely not materialize in our lifetimes; (2) except for heavily-subsidized wind, solar, and biofuel energy, the current, largely fossil fuel-based energy system is already sustainable; and (3) the “sustainable energy” agenda imperils the improving state of the world and, therefore, is politically unsustainable.

Just around the Corner (Not!)

How “remote” is the “possibility” of a “Sustainable Energy State”? That depends, of course, on the meaning of sustainability. When environmental advocates call wind farms, solar power, or “next generation” biofuels “sustainable,” they imply that energy is sustainable only if it is carbon-neutral or non-emitting.…

[Editor note: Dr. Giberson is an instructor and research associate at the Center for Energy Commerce at Texas Tech University’s Rawls College of Business. He blogs on energy economics and other topics at Knowledge Problem.]

On Wednesday morning, The Electric Reliability Council of Texas (ERCOT), operating the power grid for much of the state, called upon local distribution companies to cut power to blocks of consumers on a rotating basis.

The rolling outages produced hardship for millions, and even isolated instances of severe harm. Consumers and policymakers are dissecting what went wrong and what should be done about it. The following is a preliminary analysis based on public data and news reports. A subsequent post will present more details once more complete information becomes available.

In brief, extreme cold weather pushed power demand to very high winter levels.…

 “Hey America! Are you ready to get wonky on global warming? After a year that started with fallout from the “Climategate” e-mail release, saw the cap-and-trade bill die in Congress, and ended with a gang of Republican climate skeptics winning House and Senate seats, global warming experts are going back to basics.”

– Darren Samuelsohn, “Climate PR Effort Heats Up,” Politico, December 31, 2010.

And so we now know. “Environmentalists, scientists and lawmakers have renewed public relations efforts to put global warming plainly before Americans’ eyes and also rebut opponents who say nothing is happening.”

What? Nothing is happening? Who said that? Didn’t uber-alarmist James Hansen say the first rule of climate is that it changes–always has, always will. In his words:

“Climate is always changing.