Search Results for: "China"
Relevance | DateLeft Pushback on Waxman-Markey: Is It Time to Start Over?
By Robert Bradley Jr. -- June 23, 2009 10 CommentsThe battle cry of Joseph Romm at Climate Progress (Center for American Progress) earlier this year was “Obama Can Get a Better Climate Bill in 2010: Here’s How.” But now Romm is in panic mode, trying to convince the rebelling Environmental Left that the out-of-control Waxman-Markey climate change bill (now 1,090 1,201 pages) is the last best hope to save civilization. As Romm stated in a post yesterday:
… Continue ReadingWaxman-Markey is the only game in town. If it fails, I see no chance whatsoever of stabilizing anywhere near 350 to 450 ppm since serious U.S. action would certainly be off the table for years, the effort to jumpstart the clean energy economy in this country would stall, the international negotiating process would fall apart, and any chance of a deal with China would be dead.
Does the “Smart Grid” Have a Smartest-Guys-in-the-Room Problem?
By Ken Maize -- June 19, 2009 6 Comments[Editor note: Ken Maize, a long-time energy analyst, joins MasterResource for the first time (see his bio at the end of this post). A MR previous post by Robert Michaels has questioned ‘smart metering,’ part of the ‘smart grid’ concept]
However politically incorrect my conclusion, I’m convinced that the “smart grid” is not smart and even dumb. It diverts attention from what is a more important objective–a strong grid. And it politicizes in the very area where we need more consumer-driven, free-market incentives.
Following the Northeast grid collapse of 2003, the Electric Power Research Institute (EPRI) popped out the smart grid concept, largely the brainchild of then EPRI’s CEO Kurt Yeager. The blueprint was for an interconnected intelligent network reaching from the generating station to your toaster, able to talk up-and-down the line, matching supply and demand seamlessly.…
Continue ReadingHow Much Will Obama’s Oil-and-Gas Tax Policy Cost Us? We Can Stop Guessing Now
By Donald Hertzmark -- June 2, 2009 2 CommentsOver the past year, as the party in power has proposed one restrictive measure after another for the oil and gas production industry, analysts have been busy guessing how much this would cost us in foregone production and tax revenue. In an analysis featuring welcome candor, the Energy Department’s Energy Information Administration (EIA) has estimated oil and gas production in the United States with and without restrictions. By the end of the next decade (2019), restrictive permitting and tax policies will reduce the potential annual government tax take from oil and gas production by more than the total expected yield of the Obama tax program in the oil and gas sector. In the ten years to 2019, the time-frame used in the government’s tax increase proposal, restrictions and new taxes will have reduced the tax take from oil and gas production by more than $118 billion, or about 4 times the expected yield of the new taxes.…
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.