Enron vs. Exxon Mobil: Polar Approaches to Energy and Public Policy

By Robert Bradley Jr. -- June 15, 2009 5 Comments

I have previously described Exxon Mobil as the anti-Enron. In an opinion-page editorial in yesterday’s Houston Chronicle, I contrasted the two companies in terms of both energy strategy and public policy.

More could be said than is in the editorial (reprinted below). Enron’s first fraud, engineered by Andrew Fastow, came with the purchase of Zond Corporation, which was renamed Enron Wind Corporation and is now part of GE Energy. (This complicated story about a “qualifying facility” under federal energy law is told in McLean and Elkind’s The Smartest Guys in the Room, pp. 166–67 and Kurt Eichenwald’s Conspiracy of Fools, pp. 142–44.)

Enron Energy Services, the energy outsourcing division of Enron that so excited environmentalists (including Joe Romm, now blogging at Climate Progress), was one of the company’s biggest frauds.…

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“Repower Texas”: Taxpayers, Ratepayers, Economic Energy Producers Beware!

By Robert Bradley Jr. -- June 1, 2009 4 Comments

“It will be possible to achieve a 100% clean power mix over the next ten years if appropriate policies are put in place to unleash the [zero carbon source] technologies’ vast potential.”

– Repower America (The Alliance for Climate Protection)

The heavily bankrolled climate alarmist/energy coercion lobby, led by Al Gore’s new national organization Repower America, is coming to a town or city near you!

In Houston, they have arrived. The “Repower Texas” campaign is being fronted by a group of government-dependent political capitalists that see Big Green (as in money) in Texas’s renewable energy mandates. And how did this business underclass get started? It began with the Ken Lay/Enron renewables mandate for the Lone Star State in 1999, and the policy begun by then-governor George W. Bush is being continued today by governor Rick Perry.…

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Joseph Romm and Enron: For the Record

By Robert Bradley Jr. -- May 5, 2009 21 Comments

[Editor note: Also see “Joseph Romm and Enron: More for the Record” (May 8, 2009) and “Enron and Waxman-Markey: Response to Joe Romm” (July 2, 2009)]

The headline at Climate Progress, the blog site of Joseph Romm, senior fellow at the Center for American Progress, read:

MYSTERIOUS INDUSTRY FRONT-GROUP AFFILIATED WITH KEN LAY’S FORMER SPEECHWRITER LAUNCHES ANTI-WAXMAN-MARKEY ADS WITH PHONY MIT COST FIGURE

And here is what Romm specifically says about me:

Who is the [American Energy Alliance]?  Good question.  The AEA says on its website:

“AEA is an independent affiliate of the Institute for Energy Research (IER)….”Aside from the cryptic nature of the oxymoronic phrase “independent affiliate,” it is worth noting that the Institute for Energy Research “has received $307,000 from ExxonMobil since 1998.”

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Getting Real: The Oil Majors Move Away from Political Energy (Government-dependent wind, solar are not ready for prime time)

By Robert Bradley Jr. -- April 9, 2009 5 Comments

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.”…

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Houston: Oil and Gas Capital (‘energy transition’ hyperbole falls flat)

By Robert Bradley Jr. -- August 8, 2024 1 Comment Continue Reading

Nuclear Consultant Goes Nuclear (Adam Brown for the record)

By Robert Bradley Jr. -- July 25, 2024 3 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

Permanent Tax Subsidy? Solar’s 15 extensions

By Robert Bradley Jr. -- June 4, 2024 No Comments Continue Reading

On the History of IER (for the record)

By Robert Bradley Jr. -- April 11, 2024 No Comments Continue Reading

Tomlinson’s Narrative on the (Wounded) Texas Grid: More Misdirection from the Houston Chronicle

By Robert Bradley Jr. -- July 13, 2023 1 Comment Continue Reading