Energy Policy

Notes on the Real Economy

Featured image The stock market today opened down sharply—the Dow was off 900 points early in the day—before staging a late rally to close in the green. Still, the last week has been ugly. Strap in for a lot more volatility until the Fed is done finding its rear end with both hands—likely many many months from now. It is not news that traditional energy stocks—coal, natural gas, and oil—were the stock »

For Biden, the only good pipeline is a Putin pipeline

Featured image Joe Biden has withdrawn U.S. support for a pipeline project designed to deliver Israeli natural gas to Europe. Biden thereby reverses a decision made by the Trump administration. The Biden administration tried to justify the reversal of U.S. policy on the basis of its interest in “renewable energy.” But the obvious effect of the decision is to strengthen the stranglehold Russia has on Europe’s energy supply. In this regard, it’s »

When the Wind Doesn’t Blow

Featured image The political push to transform our electrical grid into reliance on “renewable” wind and solar energy keeps running into the laws of physics. The laws of physics are going to win, but the economic carnage in the meantime will be terrible. My colleague Isaac Orr documents, not for the first time, the futility of wind energy when the weather gets cold: It is a well-understood phenomenon that wind generation in »

Don’t Bet On Batteries

Featured image Wind and solar energy are notoriously unreliable sources of electricity, with the best wind turbines producing electricity a little over 40 percent of the time, and solar panels faring even worse. Where I live, solar panels work around 18 percent of the time, and the electricity they produce is so faint that when they are covered by snow in the winter–I know, it’s a shock, but that happens in Minnesota »

Virginia traffic jam provides reminder of limitations of electric cars

Featured image Scott has already mentioned the 48-mile traffic backup that occurred in Northern Virginia yesterday. Reportedly, cars were stopped on I-95 for more than 24 hours in freezing temperatures. It must have been awful, but it could have been worse. And, as Charles Lane explains, it would have been much worse if there had been many more electric vehicles (EVs) in the traffic jam. Lane writes: Sometime after 3 a.m. Tuesday. »

Will Europe Abandon Green Energy?

Featured image The European Union has led the way in transitioning from fossil fuels to “green” energy, i.e. wind and solar. But that effort has hit a snag: wind and solar don’t work, and energy costs in the EU are skyrocketing. Now a Reuters report suggests that the EU may be thinking about jumping ship: The European Union has drawn up plans to label some natural gas and nuclear energy projects as »

The Uselessness of Solar Energy

Featured image You sometimes see newspaper headlines to the effect that, say, a “50 megawatt solar power plant” is being constructed. But you shouldn’t count on getting anything remotely approaching 50 megawatts of power from such an installation. Energy expert Isaac Orr explains: Data from the U.S. Energy Information Administration (EIA) show that production from solar panels plummets in the winter. The graph below shows the percentage of electricity generated by solar »

Let’s Not Imitate Europe’s Disastrous Energy Policies

Featured image Remember when Americans couldn’t afford to heat their homes in the late 1970s, and President Jimmy Carter urged everyone to buy cardigan sweaters and burn wood in their fireplaces? That is pretty much where Europe is today, as reported in the Telegraph: “‘Unprecedented’ gas price surge threatens national crisis, suppliers warn.” Energy chiefs have warned that Britain is facing a deepening national crisis after gas prices soared to record levels »

Notable Video: The Latest from Kite & Key

Featured image I believe we have previously referenced Kite & Key Media, which specializes in short informative video treatments of current issues, drawing from mainstream data sources but going deeper than the usual cliches of CNN. Two news ones recommend themselves this week—the first on the limits of renewable energy (a lesson we need to relearn every few hours it seems), and a review of 2021, especially the madness and misinformation about »

Talking back to Sen. Warren

Featured image Lyin’ Lizzie Warren sent out a set of letters berating major U.S. oil and gas producers for restraining production, increasing exports and “putting their massive profits, share prices and dividends for investors, and millions of dollars in CEO pay and bonuses” ahead of Americans. According to Warren, “These record-setting natural gas exports are leading to higher prices for consumers, and they show no signs of a slowdown.” I am quoting »

Climate Dreams and Energy Realities

Featured image So old slow Joe Biden has bravely issued an executive order requiring all federal agencies to be carbon-neutral by 2050. Meanwhile, back in the real world: Europe Energy Crunch to Linger as Power Prices Hit Records Europe’s energy crunch is set to last as electricity prices climbed to fresh records, fueling inflation and raising bills for millions of households and industries across the continent. Power prices for delivery next year »

How Stupid Do They Think We Are?

Featured image The Biden Administration is—and ought to be—concerned about high gasoline prices. So desperate is the Biden tribe that someone thought it was a good idea to post this chart on Twitter today: Note the compressed Y-axis, which is necessary to crow about a . . . 2 cents a gallon decline in gas prices! Whoa! Save up! With that much saving, you’ll be able to buy a donut or cup »

In re Kerry’s emissions

Featured image The Wall Street Journal turned over some of its valuable editorial page real estate to John Kerry earlier this week. Today the Journal publishes three unadmiring letters in response: The comparison by John Kerry of this month’s international climate carnival with the Constitutional Convention was preposterous (“COP26 Prepared the World to Beat Climate Change,” op-ed, Nov. 22). The Biden administration’s commitments in Glasgow would cripple America’s economy, empower China and »

Biden & his tools

Featured image President Biden seems to have had a Ron Burgundy moment or something like it yesterday in reading from the teleprompter to announce his huge, or hugely laughable, move to lower gas prices by ordering the release of oil from the Strategic Petroleum Reserve (transcript here): And, by the way, you may have heard the CEO of Walmart yesterday on the steps we’ve taken. He said, and I quote, “The combination »

Last Refuge of a Senile Scoundrel

Featured image It takes an epic level of chutzpah for a president to do his best to suppress production of oil and gas by blocking pipelines and putting federal lands off limits, and then complain when the prices of oil and gas rise. President Biden achieved the ultimate absurdity by blocking production of petroleum products in the U.S, and then begging Russia and Saudi Arabia to increase their production to bring prices »

Oh my, Omarova

Featured image Saule Omarova is the Biden administration’s nominee to head the Office of the Comptroller of the Currency. The OCC is not a well known or well understood agency, but it is the chief regulator of national banks. It is not a bureaucratic backwater or political dumping ground. I got to know it when I worked at TCF Financial Corporation (now absorbed into Huntington Bank). Omarova is of course the proud »

Dumbest Energy Policy Ever? [Updated Again]

Featured image In less than a year in office, the Biden administration has produced a clownish energy policy. It is simultaneously suppressing petroleum production in the U.S. and begging Saudi Arabia and Russia to produce more. This is idiotic, but Jennifer Granholm apparently thinks it’s funny. You might think the administration’s energy policies couldn’t possibly get worse. But now the New York Times reports: “Biden Administration Plans Wind Farms Along Nearly the »