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Relevance | DateNew England Power Market: Warnings Aplenty (blackouts, energy poverty too)
By Allen Brooks -- September 28, 2022 2 Comments“Although many may think the New England region is immune to an energy crisis past summer, winter peak demand is the issue.”
“New Englanders are largely unaware that the light at the end of the clean energy transition tunnel is not a train, it’s a blackout.”
Europe is facing an existential crisis – having sufficient affordable heat and electricity this winter for its populations. People are not only suffering ahead of winter’s arrival, but the likelihood of people dying because of this crisis is growing.
A similar challenge is being faced in many U.S. power markets. Can the worst of the potential outcomes be avoided, or are we on a path that will only worsen for our residents?
Warnings …
In May of this year, Federal Energy Regulatory Commission (FERC) commissioner Mark Christie said the country was “headed for a reliability crisis.”…
Continue ReadingBig Oil, Exxon Not Guilty as Charged (a rebuttal in six parts)
By Robert Bradley Jr. -- September 22, 2022 2 Comments“Imagine if the media was reversed on the climate/energy issue, supporting and promoting a free-market, classical-liberal position. They could look at my boxes of files from the Enron days (1990s) and produce an exposé, Enron Knew.”
Back at Enron Corp., I had “email wars” with the company’s climate lobbyist, John Palmisano, the author of the infamous “This agreement will be good for Enron stock” Kyoto Protocol memo. Enron had at least a half-dozen profit centers that stood to benefit from CO2 restrictions, inspiring the activism that led Jeremy Leggett [The Carbon War (Penguin: 1999), p. 204] to identify Enron as “the company most responsible for sparking off the greenhouse civil war in the hydrocarbon business.”
The Palmisano/Bradley exchanges concerned regulating and pricing carbon dioxide. I was against; Palmisano for.…
Continue Reading“Big Oil vs The World”: BBC Exposé Fails (Episode III)
By Richard W. Fulmer -- September 21, 2022 3 Comments“In its Ahab-like focus on harpooning ExxonMobil, the BBC missed an opportunity to explore the enormous challenges involved in replacing fossil fuels. The costs of ignoring those challenges may well be tragically put on display this winter when Europeans face freezing temperatures with nothing but BBC-approved power systems to keep them warm.”
In Episodes 1 and 2 of its three-part documentary, Big Oil vs The World, the BBC succeeded only in demonstrating its own bias. Time and again, viewers were presented with only one side of a many-sided issue. Episode 3 is no exception. This episode’s main narrative is that, for years, oil companies have touted natural gas as a clean alternative to coal, but poor execution has largely offset the benefits.
Per unit of energy generated, natural gas produces about half the carbon dioxide of coal.…
Continue Reading“Big Oil vs The World”: BBC Exposé Fails (Episode I)
By Richard W. Fulmer -- September 19, 2022 2 CommentsEpisode 1 of BBC’s Big Oil vs The World is a polished, emotional, lawyer-like brief for one side of a multi-sided, complex issue. But in the final analysis, the BBC case is long on agenda and feelings and short on facts, balance, and proper context. The documentary is slick propaganda that accuses oil companies of producing slick propaganda.
With its documentary Big Oil vs The World, the British Broadcasting Corporation (BBC) has added its voice to the chorus accusing the petroleum industry in general, and ExxonMobil in particular, of misleading the public and slowing the global response to climate change. The three-part documentary (Denial, Doubt, and Delay) was produced in cooperation with PBS, which ran its version on Frontline under the title The Power of Big Oil in April and May of this year.…
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