Posts Tagged: Infrastructure
Energy Transition Motivational Speaking

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[…]

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The People’s Republic of Texas

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[…]

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Why Problems With Renewables Have Hurt the Utility Sector

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[…]

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The War on Drugs and Carbon

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.[…]

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Does Anyone Remember the Green New Deal?

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[…]

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Revolting Shareholders – More on the Energy Blame Game

To paraphrase Michael Douglas in “The American President” (Universal Pictures, 1995), whatever the voter’s problems, most politicians have no interest in solving them. They have interest in two things and two things only; making them afraid of it and telling them who’s to blame for it…. that folks, is how you win elections. It’s a[…]

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This Just In: Supply and Demand Drive Energy Prices

Two of the best annual reports on global energy supply and demand came out over the last two weeks: The International Energy Agency (IEA) Report on capital spending and the bp Statistical Review of World Energy 2022 (BP Report). Spoiler Alert: Demand is up, and supply is lagging. The pandemic introduced a lot of uncertainty[…]

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Tesla’s ESG Reckoning: Why You Can’t Just Look Through the “E” Lens

A recent rebalancing of the S&P 500 ESG Index[1], excluded Tesla (TSLA) due to poor performance on the “S” (social) and “G” (governance) standards.  Specifically, S&P said, “While Tesla may be playing its part in taking fuel-powered cars off the road, it has fallen behind its peers when examined through a wider ESG lens.” In[…]

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The Energy Blame Game and Other False Narratives

Now that petroleum and natural gas are in short supply (along with every other commodity), prices have spiked and the initial shock to our collective senses of the Russian invasion of Ukraine has been absorbed, it’s time to start passing blame. Experience informs us that the one blaming the loudest is usually the one either[…]

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Larry Fink and Ray Dalio to Petroleum Industry: Drill Baby Drill

This year’s annual letter from Blackrock CEO Larry Fink and recent comments by Bridgewater’s Ray Dalio add to the growing chorus advocating for maintaining one of modern society’s critical pieces of infrastructure.  Not roads and bridges. Not the healthcare or education system. That wouldn’t be news.  It takes a billionaire to say it’s okay to[…]

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