Search Results for: "shale gas"
Relevance | DateDear Thomas Friedman: Are You a Fascist Wannabee?
By Donald Hertzmark -- September 11, 2009 8 CommentsThe New York Times chief foreign affairs correspondent, Thomas Friedman, has finally come out of the closet as a fascist wannabee. Harsh words, but consider the evidence.
Here is the pertinent section from his recent op-ed, “One Party Democracy” [with commentary]:
… Continue ReadingOne-party autocracy certainly has its drawbacks [like the secret police and labor camps?]. But when it is led by a reasonably enlightened group of people, as China is today [that’s why they need all those internet filters], it can also have great advantages [such as locking away dissenters]. That one party can just impose the politically difficult but critically important policies needed to move a society forward in the 21st century [no need to find out what people want, just tell them what to do].
John Holdren and Mineral/Energy Depletion (Revisited)
By Robert Bradley Jr. -- August 17, 2009 2 Comments[Editor Note: An earlier series at MasterResource on John Holdren, President Obama’s science and technology advisor, is being reprinted given the recent controversy surrounding Dr. Holdren’s earlier views. This original post is dated January 2, 2009.]
Physical scientists are prone to viewing hydrocarbons as a fixed quantity. Being fixed, this volume must deplete with production. Extraction costs and thus selling prices must rise. The crisis is only a matter of when [“What will we do when the pumps run dry?” asked Paul Ehrlich and Anne Ehrlich in 1974 (The End of Affluence (p. 49)] . Physicist John Holdren is no exception to this view.
Reality is quite different from the hard science formulation, however. In a business or economic sense, mineral resources are not fixed, known, or depleting. They are created by entrepreneurship (”resourceship”) in a market economy where incentives are present and technology improves.…
Continue ReadingEnergy Reality Wins at Exxon Mobil Annual Meeting (Atlas is not shrugging at this substance-over-form company)
By Robert Bradley Jr. -- May 30, 2009 6 CommentsIf only the United States economy were as strong as ExxonMobil. If only energy realism and free-market consumer service were guiding lights in Austin, Texas; Washington, D.C.; and other seats of political power.
The good news from Exxon Mobil’s annual stockholders meeting in Dallas earlier this week is that the company is focused on its core competencies amid the energy politicization around it. No Enron political machinations here!
In fact, Exxon Mobil is the anti-Enron of corporate America, a rebuff to Ken Lay, who once worked at Exxon, and Jeff Skilling, who declared in 2000: “You will see the collapse and demise of the integrated energy companies around the world. They are going to break up into thousands and thousands of pieces.” (1)
Key Messages
The key messages of Exxon Mobil CEO Rex Tillerson were:
- Petroleum as a primary energy source is the future, not only the recent past.
CO2 Cap-and-Trade Meets the (China) Dragon: Why Legislating Trillions of Dollars in Regulatory Costs Would Be Climatically Inconsequential
By Donald Hertzmark -- May 13, 2009 8 Comments[Editor’s Note: Projected emissions from China will more than cancel the effects of Waxman-Markey in the year 2050 when the proposed law’s 83% cut in U.S. emissions would be fully imposed. This finding, calculated with the assistance of Chip Knappenberger and the MAGICC model, is part of a wide-ranging analysis below. Discussion, comments, and questions are invited by the author.]
The Waxman-Markey climate bill–characterized as a “648 page cap-and-trade monstrosity” by Al Gore’s mentor, James Hansen–is intended to bring the U.S. into line with Europe and Japan on CO2 policy. But as I have explained previously, the current U.S. policy discouraging new coal and new nuclear capacity will:
- Make the U.S. more dependent on energy imports,
- Drive up generation costs,
- Artificially incite demand for fickle natural gas, and related infrastructure such as LNG regasification facilities, and
- Increase reliance on old coal and old nuclear for baseload power, resulting in less efficient, less clean, and less reliable electricity.