A recent article in the New York Times, “Not So Green After All: Alternative Fuel Still a Dalliance for Oil Giants,” chronicled the move away from politically correct (but economically incorrect) wind and solar energy by the oil majors.

Royal Dutch Shell and BP, in particular, recognize wind and solar as what they are: dilute, intermittent energies that are not consumer friendly or economic. And their investment returns in the same have been lackluster. Shell and BP have found out what Exxon Mobil learned in the 1970s.

“Oil giants worldwide are skeptical that President Barack Obama’s plans to move the economy away from petroleum will be successful,” Jad Mouawad wrote in the Times. “Many of the oil companies are sticking to their hydrocarbon business model and some are backing away from commitments to renewable power.”…

“Climate change is not an economics problem. It’s an ethics problem.”

– Stephen Schneider, Science, June 4, 2004.

Well, yes it is.  And the climate-change debate brings up the energy-policy debate.

Poor people around the world need abundant, affordable, modern energy. And this points to private property and free markets–and adaptation in the face of uncertainties–and not government ownership and control of energy resources. The failure of Kyoto I should not be followed by a Kyoto II. The United States should not enact either a carbon tax or a carbon cap-and-trade program. Resource access on government lands (and waters) should be permitted. The goal is a robust supply-side strategy that respects free consumer choice to benefit one and all, and particularly the most vulnerable.

Here are some quotations on the need to eradicate energy poverty (a list that needs to be added to if folks have other quotations that can be added in the comment list).…

Many in the energy business, whether or not they support President Obama’s positions on energy and the environment, are likely to think, “Look, the US is a big ship. It cannot be turned around in a couple of years, and even if they tried, you can right the course at the ballot box.”

Actually, you can’t. The United States is still a nation of laws, and without strong political support, the acts of one administration cannot be easily reversed or undone by the next.

But there is more to the story than simple inertia and political head-counts. Each new administration enters with an agenda of positive goals. Spending time and political capital on your predecessor’s agenda can often find its way to the bottom of the to-do list. Moreover, a new president has only a limited circle of advisers.…

Call it an economic train wreck, a constitutional crisis, or legslative thuggery. Litigation-driven regulation of carbon dioxide (CO2) under the Clean Air Act (CAA) is all of the above.

The Supreme Court case of Massachusetts v. EPA  (April 2, 2007) has set the stage for a policy disaster. Mass v. EPA’s second anniversary rapidly approaches, and in a Power Point presentation leaked to Greenwire last week, EPA reveals how it plans to respond to the Court. But first, some background on the case and the Pandora’s Box it has created.…