A Permanent Subsidy? Nuclear Power’s Price-Anderson Act (5 Extensions, 89 years)

By Robert Bradley Jr. -- July 10, 2024 4 Comments

“The infant industry argument is a smoke screen,” wrote Milton and Rose Friedman in their 1979 classic, Free to Choose. “The so-called infants never grow up.” And several years later, the two wrote: “Nothing is so permanent as a temporary government program.” [1]

Previous posts have documented the “permanent subsidies” of industrial wind power (14 extensions) and of solar power (15 extensions). [2] Add nuclear liability protection to this list, although the technology has long been declared safe by the industry and its proponents.

The Nuclear Industries Indemnity Act of 1957 became law as Section 170 of the Atomic Energy Act of 1954. It was supposed to be a ten-year window to allow commercial nuclear power to prove its economy and safety. But the so-called Price-Anderson Act–capping damage claims “to protect the public and to encourage the development of the atomic energy industry”–is still with us, some two-thirds of a century later.…

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Energy & Environmental Review: July 8, 2024

By -- July 8, 2024 No Comments

Ed. Note: This post excerpts energy and climate material from the Media Balance Newsletter, a free fortnightly published by physicist John Droz Jr., founder of the Alliance for Wise Energy Decisions. The complete Newsletter for this post can be found here.

Wind Energy:
Feds say “damn the whales” in the Gulf of Maine
*** Taking the Wind Out of Climate Change (referencing 60± studies)
*** Cooking the Books 2: Lazard’s Levelized Cost of Energy Estimates for Wind
*** Short video: Green Madness – The Waste and Destruction of One Industrial Wind Turbine Project
Video: The Problem with Wind Energy

Solar Energy:
NY Community Bans Solar Projects
Another NY Community Reconsiders Solar Projects
Solar Projects are Taking US Back to the Dark Ages

Nuclear Energy:
*** Nuclear Power 101: Safe, Reliable & Affordable Power Generation In-a-Nutshell
*** The stage is being set for an American nuclear power revolution

Fossil Fuel Energy:
225 Ways President Biden and the Democrats Have Made it Harder to Produce Oil & Gas

Electric Vehicles (EVs):
*** China Is The Big Winner Of North American EV Policies
*** Should Electric Vehicles be Illegal?

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Products Made from Oil and Gas

By Robert Bradley Jr. -- July 1, 2024 No Comments

“Petrochemicals derived from oil and natural gas make the manufacturing of over 6,000 everyday products and high-tech devices possible.” — U.S. DOE

According to the U.S. Department of Energy,

When you think about oil there is probably one thing that immediately comes to mind: motor oil for your car or lawn mower. And, when you hear about natural gas, you may think about heating your home, cooking, or even electric power generation.

But, there are many other uses for these hydrocarbons than what meets the eye. Petrochemicals derived from oil and natural gas make the manufacturing of over 6,000 everyday products and high-tech devices possible.

Major petrochemicals—including ethylene, propylene, acetylene, benzene, and toluene, as well as natural gas constituents like methane, propane, and ethane—are the feedstock chemicals for the production of many of the items we use and depend on every day.

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‘Renewable Energy Still Dominates Energy Subsidies in FY 2022’

By Robert Bradley Jr. -- June 27, 2024 No Comments

“Federal subsidies to support renewable energy formed nearly half of all federal energy-related support between fiscal years 2016 and 2022. Traditional fuels (coal, natural gas, oil and nuclear) received just 15 percent of all subsidies between FY 2016 and FY 2022, while renewables, conservation and end use received a whopping 85 percent.” (Mary Hutzler, below)

A fallacious argument in the energy/climate debate is that wind and solar are cheaper than fossil fuels in electric generation. It must be wrong because government subsidies are front-and-center for on-grid dilute, intermittent energies. And it is wrong if the federal accounting is examined (below).

Actually, the relatively small subsidies for oil, natural gas, and coal turn negative, dramatically, when the Biden Administration anti-fossil-fuel agenda is added, 225 actions worth.

Mary Hutzler of IER (and former acting head of the DOE’s Energy Information Agency) prepared this analysis less than a year ago for the Institute for Energy Research.…

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The Politicized Texas Grid: Sheridan Calls for Transparency (and Mea Culpas)

By Robert Bradley Jr. -- June 26, 2024 No Comments Continue Reading

Electricity Statism Conference: Kiesling Rides High

By Robert Bradley Jr. -- June 25, 2024 1 Comment Continue Reading

Energy & Environmental Review: June 24, 2024

By -- June 24, 2024 1 Comment Continue Reading

Restoring Sanity, Reliability, and Affordability to the Texas Electric Grid

By -- June 20, 2024 No Comments Continue Reading

Will “Green New Deal” Failures Elect Trump?

By Robert Bradley Jr. -- June 19, 2024 No Comments Continue Reading

Renewables vs. Environment: Hans Wolkers humbles Climate Reality Project, Kahli Burke

By Robert Bradley Jr. -- June 18, 2024 1 Comment Continue Reading