Lately, I have read countless articles seeking to explain the motives behind why the big oil companies are buying up smaller competitors and why clean energy project cancellations are a failure of government policy to motivate a rapid energy transition. The line on oil companies is that they must be motivated by bullish oil demand[…]Read More
We have written in the past how the extreme – and opposite – energy policy positions taken by California and Texas have led to severe electric reliability issues in both states. California taking a “climate-is-all-that-matters” approach and Texas taking a “free-markets-solve-all-problems” approach. Evidence shows that the best run systems use competitive markets to drive down[…]Read More
The September sell-off in utilities was due to concerns about profitability of renewable development, not interest rates. Renewable developers (not utilities) are facing cost pressures from supply chain, labor and financing costs. Offshore wind has been hit hardest and the East Coast projects have cost increases of 50% leading to write-offs and cancellations. Onshore wind[…]Read More
By now, it’s not controversial to say that fighting a war on illicit drug supply rather than demand has been a failure. It hasn’t reduced addiction and it has increased crime, violence, incarceration, etc. Moreover, when the war on supply pushes up the cost to consumers, an alternative appears in the form of prescription opioids.[…]Read More
The Green New Deal was put forth on Feb 7, 2019, as House Resolution 109. It wasn’t just about clean energy. It was also about environmental justice, income inequality, job creation, access to health care, affordable housing, etc. (www.congress.gov) While it was widely criticized as being too broad and lacking specifics, it was my view[…]Read More
As we wrap up 2022 and look forward to 2023, talk of an oncoming recession is all around us. This would normally be a concerning outlook for the cyclical energy industry, but this energy up-cycle is not driven by strong demand. It is instead driven by a lack of supply. In the past, geopolitical events[…]Read More
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