Energy Policy

The Power Line Show, Ep 172: Breaking Down the Oil Price War and the Coronavirus with Mark Mills

Featured image I’m posting this week’s episode a couple days ahead of our usual weekend schedule to keep up with the fast-moving news cycle about the most important story of the week—no, not the coronavirus, but rather the oil price war that broke out last weekend between Saudi Arabia and Russia. The timing may not be purely coincidental, as I discuss with my guest this week, Manhattan Institute senior fellow Mark Mills. »

Strap In: It’s Going to Get Bumpy

Featured image The big news over the weekend was not the coronavirus, contrary to what you might think from watching the news. The most consequential story of the weekend is the oil price war that has broken out between Saudi Arabia and Russia. Saudi Arabia has decided to increase its production and slash its price to punish Russia for not going along with OPEC quotas designed to prop up the price of »

The Overrated Electric Vehicle

Featured image I am told that polling in the Super Tuesday states found climate change to be the number two concern of voters, after health care. Given the massive propaganda barrage to which we have all been subjected, that could be true. Although most of those who profess concern about climate change are not willing to spend any significant amount of their own money to “fight” it. Global warming hysteria is driving, »

Fracking and the Electoral College

Featured image Liberals openly hate the electoral college (and the Senate, but one thing at a time) because it is counter-majoritarian. To which the answer is: Yes, precisely. That’s one of its strongest points. It means a winning presidential candidate has to take in a broader range of local interests if he is to win a constitutional majority, which is superior to a mere numerical majority that may be lopsided in just »

Democrats Determined to Frack Themselves

Featured image When I heard Elizabeth Warren declare some weeks ago that she’d ban all hydraulic fracturing (“fracking”) for oil and natural gas, my immediate reaction was, “Well, there goes Pennsylvania and also any remote chance Democrats might have winning Ohio again.” This issue could even make Colorado interesting, at least for the likely Democratic nominee for Senate, John Hickenlooper, who is a rare pro-oil and gas Democrat. He’ll have to distance »

Is “Green” Energy a Ponzi Scheme?

Featured image It can be, as evidenced by this story: “Bay Area Couple To Be Jailed For Massive Ponzi Scheme Worth $1 Billion.” A Martinez couple who was operating a seemingly legitimate business selling solar generators pleaded guilty Friday to various charges stemming from a Ponzi scheme that netted them $1 billion in fraudulent income — affording them an extremely lavish lifestyle. Ponder that for a moment–$1 billion in fraudulent income. That »

What Do Iran, Chile and France Have In Common?

Featured image Not much, one would think. Except for this: all three governments thought it would be a good idea to significantly increase the price of energy, as the Democratic Party wants to do here in the U.S. The result, in three very different contexts, was the same. Mark Mathis of Clear Energy Alliance explains in this short video: The Democrats ignore this history–like so much other history that they ignore–at their »

Germany’s Green Energy Faceplant

Featured image No sooner do I post an item yesterday about Germany’s pathetic energiewende than the thesis is confirmed today in, of all places, the New York Times! German journalist and Times op-ed contributor Jochen Bittner today writes of “The Tragedy of Germany’s Energy Experiment,” where these familiar-sounding highlights appear: My country has embarked on a unique experiment indeed. The Merkel government has decided to phase out both nuclear power and coal »

Hot Air on Energy

Featured image Ask a climatista who is the leader in climate action in Europe and you’re likely to get a word salad about Germany’s energiewende (“energy revolution”), which has seen the Fourth Reich spend something like $1 trillion Euros on “green” energy over the last 25 years. Worth mentioning in passing that when I visited Germany on an energy junket as a guest of the German government in 2008, every expert we »

“It Only Produces Clean Energy”—The Unseriousness of Climate Activism (Updated)

Featured image You know how the climatistas are always saying we must “follow the science”? Let’s have a look at this call in the Financial Times to embrace nuclear power: Letter: EU must include nuclear power in its list of sustainable sources Nuclear power is the single biggest source of low carbon electricity in Europe today and is recognised in many of the scenarios assessed by the Intergovernmental Panel on Climate Change, the »

Why “Green” Energy Is a Terrible Idea

Featured image There are lots of reasons, actually, but Charles Rotter of the Committee For A Constructive Tomorrow (CFACT) does a good job of explaining some of them: Ask them for details, and their responses range from evasive to delusional, disingenuous – and outrage that you would dare ask. The truth is, they don’t have a clue. They’ve never really thought about it. It’s never occurred to them that these technologies require »

Has Nuclear’s Time Come?

Featured image If you seriously think that carbon dioxide emissions pose an existential threat to the planet–I don’t, but let’s assume you do–the only rational course is to go nuclear. Wind and solar are both terrible for the environment; more important, they are intermittent and unreliable. The most modern wind technology produces electricity only around 40% of the time. Solar varies with the climate, but in my home state of Minnesota, solar »

The Epic Hypocrisy of Tom Steyer, Revisited

Featured image One of the Democrats’ stranger presidential pretenders is Tom Steyer. Steyer hasn’t made a dent in the polls so far, despite spending a lot of money. (Like many who would like to be president, having money is Steyer’s principal qualification.) Steyer’s main issue in the campaign–really, his only issue–is climate change. So one of the more interesting moments in last night’s debate was when Joe Biden responded to a climate »

We’re Number One!

Featured image When it comes to energy and the environment, the United States ranks a clear number one among the world’s nations. Not only have we increased our energy production, courtesy of fracking, to the point that we are the world’s pre-eminent energy power, we have, at the same time, reduced our pollution and our CO2 emissions (if you think that matters) more than any other country. So when it comes to »

The Renewable Portfolio Scam

Featured image Twenty-nine states have adopted renewable portfolio standards that require utilities to get a specified percentage of power from wind and solar sources. (I believe some enlightened jurisdictions include hydro power; I am not sure whether any include nuclear, as they obviously should. But there is no money to be had there.) This video from the Clear Energy Alliance explains why such standards are extraordinarily expensive and do zero good. But »

Climate Sense and Nonsense

Featured image Since today is Climatepalooza at the UN and in the streets of DC (aside: how many Nobel Peace Prize nominations will Greta Thunberg receive this year?), it might be worth checking in on a couple of serious questions. Like climate modeling on the science side, and decarbonization on the policy side. In conjunction with the climate hijinks, The Economist put out a special climate change issue, and much to my »

What Next in the Persian Gulf?

Featured image Assuming Iran is indeed behind the attack on Saudi Arabia’s major oil refining facility, it represents a step-increase in Iranian-backed aggression in the region. The Wall Street Journal‘s Spencer Jakab says this attack is “the big one“: Saturday’s attack on a critical Saudi oil facility will almost certainly rock the world energy market in the short term, but it also carries disturbing long-term implications. Ever since the dual 1970s oil »