“Since 2000, the world has spent more than $5 trillion on green energy. More than 300,000 wind turbines have been erected, millions of solar arrays were installed, more than 25 million electric vehicles (EVs) have been sold, hundreds of thousands of acres of forest were cut down to produce biomass fuel, and about three percent of agricultural land is now used to produce biofuel for vehicles.”

We are in the midst of history’s greatest wealth transfer. Government subsidized wind systems, solar arrays, and electric vehicles overwhelmingly benefit the wealthy members of society and rich nations. The poor and middle class pay for green energy programs with higher taxes and higher electricity and energy costs. Developing nations suffer environmental damage to deliver mined materials needed for renewables in rich nations.

Since 2000, the world has spent more than $5 trillion on green energy.…

“Are RTOs central planning entities subject to the Mises/Hayek/Lavoie critique of access, pricing, and service quality? Is the ‘knowledge problem’ and ‘fatal conceit’ a defining issue for RTOs/ISOs compared to a private sector, unregulated approach to power coordination?”

“Vernon Smith: I don’t know”

It is a strange world in which a classical liberal espousing F. A. Hayek tries to justify a “market” based on a systemic violation of property rights and governmental central planning for an enormous territorial grid.

But this is the case with Lynne Kiesling, and maybe even Nobel Laureate Vernon Smith. I’ll let the reader decide from this social media exchange:

Kiesling: I’m pleased to report a new publication in the journal Energies, “Opening Up Transactive Systems: Introducing TESS and Specification in a Field Deployment,” available to read below.…

“So here is the study that PUCT, FERC, Rice, UT, etc. do not want to do. It is very politically incorrect. Without wind and solar forcing, what would the wholesale margins have been, and how much thermal capacity would there have been? The study could do runs of wind/solar at 90% of the-then level … 75% …. 50% …. 25%.”

This exchange concerns a new University of Texas summary, “Two years after its historic deep freeze, Texas is increasingly vulnerable to cold snaps – and there are more solutions than just building power plants.” My interpretation—and policy recommendations—are exactly opposite of the UTA op-ed (see here), so I responded and was pleased to get some pushback from Professor Webber. 

On LinkedIn, Webber wrote: “You might find our latest article to be of interest.…

“Forcibly moving the market via equipment costs is a typical DOE strategy. And then they say, ‘let the market decide’.”

On January 30, 2023, National Public Radio (NPR)  published an episode, How Worried Should You Be About Your Gas Stove?  On February 4, NPR released a follow up: Gas stove makers have a pollution solution. They’re just not using it. Listen to both audio clips.

NPR’s advocates are part of a choir trying to justify ending natural gas combustion, starting with gas stoves. They are just as purposefully misleading as the rest of the choir.

Policy Concern

The concern should not be about gas stove usage but the public policy of The Biden Administrative State to wean consumers off the direct use of natural gas and propane and on to electric appliances, ASAP. …