Editor Note: This post complements a previous entry at MasterResource by Guillermo Yeatts,
Subsoil Oil and Gas Privatization: Private Wealth for the Common Good.]
Government intervention in free markets is prefaced on market failure. But no such rationale explains why federal and state governments have owned and managed hydrocarbon-bearing onshore and offshore lands. Government involvement can be explained by little more than the historical precedent of sovereign ownership of unowned property and of habit.
In a private property world, surface and subsurface areas would be unowned until the positive acts of discovery and intent to use. Under the “homestead” theory of first property title, the state of nature (unowned area) would not be the property of government but the first resource entrepreneur who, in the immortal words of John Locke, “tills, plants, improves, cultivates and can use the product of” the surface or subsurface to “enclose it from the common.”…
Continue ReadingEXTRAORDINARY CLAIMS REQUIRE EXTRAORDINARY PROOF
—Marcello Truzzi
How can an ancient source of energy, which
effectively replace the capacity of modern machines and their fuels, in the process removing significant amounts of greenhouse gas emissions that are the by-product of the burning of those fuels?
This final post in our four-part series discusses the nature of the scientific method and shows that there are a number of challenges to the claims wind technology can abate meaningful greenhouse gas emissions–challenges that require access to actual wind performance data showing how wind affects thermal behavior throughout the grid.
Any explanation about causation must honestly and transparently account for all variables at play.…
Continue ReadingSCIENCE IS THE DISINTERESTED SEARCH FOR THE OBJECTIVE TRUTH ABOUT THE MATERIAL WORLD.
This post in our series looks at how the integration of wind variability affects thermal activity on the grid, favors flexible natural gas generators, and influences economic dispatch and the spot market. It also examines how estimates of carbon emissions are derived and summarizes the limitations of statistically based knowledge. It concludes with a discussion of what Energy Information Administration (EIA) actually says about the causes of carbon emission reductions in the country over the last three years
It is true, as the American Wind Energy Association (AWEA) notes, that any wind production must displace some existing generation, but only in terms of electricity–not any of the underlying energy forms transposed into electricity. It is rather due to the stricture that supply match perfectly with demand at all times (and this is another oversimplification of a complicated situation).…
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