Site: Master Resource

Slant: Sceptic

Active: yes

Recent Articles

Master Resource: Wind Cronyism at the Crossroads: Time to Weigh In

“After 25-years of subsidy-driven financing of renewable energy, Main Street Americans are now taxed billions annually so the richest Wall Street bankers and corporations can avoid their tax burden by funneling money to big wind development.”

“We support the House provision to remove the PTC inflation adjustment. Retaining the 2.4¢/kwh subsidy in light of lower installation costs and…

2017-12-11 07:00   Click to comment

Master Resource: ‘InsideClimate News’: Propaganda for Alarmism (balanced reporting would neuter their mission)

“Why bad news and bad news only? Don’t the very reporters and staffers at InsideClimate News want to add optimism to their professional lives? Or is climate alarmism just a day job, a 9-to-5 gig, after which the real world comes into focus?”

“What would happen if some intrepid reporter or story gatherer broke the mold and reported on global lukewarming or on the benefits of CO2? What would…

2017-12-07 07:00   Click to comment

Master Resource: ‘The Growing Abundance of Fossil Fuels” (1999 essay for today)

“Today’s reserve and resource estimates should be considered a minimum, not a maximum. By the end of the forecast period, reserves could be the same or higher depending on technological developments, capital availability, public policies, and commodity price levels.”

“The implication for business decision-making and public-policy analysis is that ‘depletable’ is not an operative concept for…

2017-12-06 07:00   Click to comment

Master Resource: U.S. Tax Priorities Sack Big Wind

“The Senate bill should serve as the PTC/AMT blueprint for the final bill…. [Such reform] is an important step, but only first step, toward a level-playing-field between electrical energies that will, longer term, improve grid reliability coast-to-coast, border-to-border.”

After 25-years of subsidy-driven financing, the wind industry is entirely reliant on tax-equity investors, willing to…

2017-12-05 07:00   Click to comment

Master Resource: The Climate Science Debate Is Joined! Hallelujah!

“… we don’t have a first-principles theory that tells us what we have to get right in order to have an accurate projection [of anthropogenic climate change]…. This is sort of an emergent knowledge base. So, that’s the translation of this last statement, ‘To date, a set of diagnostics and performance metrics that can strongly reduce uncertainties in global climate sensitivity,’ a la…

2017-12-04 07:00   Click to comment

Master Resource: The Importance of Government Subsidies for EV Success

The US Congress is hammering out the details of tax reform proposals from the House and Senate. At risk is a continuation of the subsidies for clean energy investments—investments in new wind turbines and solar panels, along with the subsidies for electric vehicle (EV) purchases. The House bill would extend and modify various clean energy subsidies, primarily related to the production tax…

2017-11-30 07:00   Click to comment

Master Resource: Wind Energy and Tax Reform

The multi-national, multi-billion-dollar wind industry and its group-think sycophants in the media blew a collective gasket this month following approval of the U.S. House tax bill (HR 1). It seems that House lawmakers shrugged off 25-years of subsidy lore by daring to rein in[1] the open-ended, unlimited wind-PTC tax that now costs Americans over $5 billion annually.

The House was right to…

2017-11-29 07:00   Click to comment

Master Resource: HR 1 and Wind Power’s Production Tax Credit: Update

“AWEA’s Tom Kiernan carped that HR 1 effectively kills half of the projects in the wind power pipeline. His statement confirms what many already knew. Big wind has been gaming the PTC phase-down from the start using lax IRS guidance to ensure the bulk of the proposed projects will earn the 2.4¢/kWh benefit. Under HR 1, most of these projects will likely have to settle for the reduced…

2017-11-28 07:00   Click to comment

Master Resource: Mineral Resource Fixity and Boundary Effects

“We don’t observe the boundary effects in our modern economy and haven’t throughout oil’s history because reserve estimates have grown over time and will continue to grow for the foreseeable future.”

Mineral resource alarmists, reflecting a fixity/depletionist view of the world, begin by arguing that “you must admit that there is a fixed amount of oil on this earth.” This is true in…

2017-11-28 07:00   Click to comment

Master Resource: Energy & Environmental Newsletter: November 27, 2017

The Alliance for Wise Energy Decisions (AWED) is an informal coalition of individuals and organizations interested in improving national, state, and local energy and environmental policies. Our premise is that technical matters like these should be addressed by using Real Science (please consult WiseEnergy.org for more information).

A key element of AWED’s efforts is public education.…

2017-11-27 07:00   Click to comment

Master Resource: Thanksgiving: A Free Market Celebration

“The true meaning of Thanksgiving is the triumph of Capitalism over the failure of Collectivism in all its forms.”

This time of the year is when Americans gather with their families and friends and enjoy a Thanksgiving meal together. Almost 51 million Americans are travelling this Thanksgiving to find their table of celebration in remembrance of those early Pilgrim Fathers who crossed the…

2017-11-23 07:00   Click to comment

Master Resource: Offshore Wind: Rough Waters for LEEDCo ‘Demonstration Project’ (environmentalists rise up)

“The Icebreaker Windpower project can be seen as entirely moot: there will be no meaningful benefit to Ohio and its citizens. The chimera of jobs and a boosted economy will never become material; the obvious loss to bird and bat life scarcely needs a comment.”

The heat is on for supporters of the six-turbine LEEDCo Icebreaker Windpower project offshore of Cleveland.

A show of “yeas” at…

2017-11-21 07:00   Click to comment

Master Resource: Tax Bill Attacked for Loss of Electric Car Subsidy—But Most Americans Don’t Want Electric Cars

“It’s clear that most Americans don’t want electric cars. In 2016, US car and light vehicle sales rose to 17.6 million units. After eight years of promotion, subsidies, mandates, and tax credits by the Obama Administration and the ZEV states, plug-in hybrid electric vehicle (PHEV) sales totaled only 159,000 units in 2016, less than one percent of US car and light vehicle sales.”

“If…

2017-11-20 07:00   Click to comment

Master Resource: Where Good Is Bad: ‘The Energy of Slaves’ (Oil as ‘servitude’?)

“To many of us, our current spending of fossil fuels appears as morally correct as did human slavery to the Romans or the Atlantic slave trade to seventeenth-century British businessmen.”

– Andrew Nikiforuk, The Energy of Slaves: Oil and the New Servitude (Vancouver: Greystone Books, 2012), p. xi.

A ran across a 2012 book by Andrew Nikiforuk, The Energy of Slaves: Oil and the New…

2017-11-16 07:00   Click to comment

Master Resource: Secretary Perry’s Hearing (Part II)

“We have an politicized “all the above” electricity policy to the detriment of natural gas direct use. If energy diversity for electrical generation is desirable, then alternatives to electricity be also be desirable. This is especially true when considering diversity of energy delivery mechanisms (pipelines and wires) and the fact that customer outages are predominantly due to downed…

2017-11-15 07:00   Click to comment

Master Resource: The “Powering America” Hearings (Part I)

[Editor note: Mark Krebs has been a leading advocate (see here) for free-market decision-making between natural gas and electricity in homes and places of business, challenging the ‘deep decarbonization’ push of energy interventionists to disciminate against fossil fuels at point of use. This is the first of a two-part post.]

“Grid reliability should not eclipse energy reliability;…

2017-11-14 07:00   Click to comment

Master Resource: Preferential/Political Dispatch: Rigging the Market Against Baseload Energy

“‘Deregulated’ markets have introduced a mechanism that virtually always selects wind and solar over coal, natural gas, or nuclear power. Whether this was a deliberate effort to favor wind and solar to cut CO2 emissions to combat global warming is unknown, but the effect of preferential dispatching has been to close fossil fuel power plants, as well as nuclear plants.”

The preferential…

2017-11-13 07:00   Click to comment

Master Resource: Climate Brainwashing? James Hansen Programs a Grandchild

“Species are disappearing. Coral reefs are bleaching. Their life is disappearing. Droughts become stronger and fires are raging, driving refugees and increasing conflict among people. Storms become stronger and floods more devastating. Ice sheets are melting. We debate whether we will lose coastal cities in 150 years, or 100 years or 50 years. Do adults wonder why young people have increased…

2017-11-09 07:00   Click to comment

Master Resource: Are US Vehicle-Mileage Standards Obsolete?

“… new mileage standards will raise vehicle prices and may force the adoption of electric cars. But there is no evidence that the regulations will have a measurable effect on global temperatures.”

“[US EPA] Administrator Scott Pruitt launched a review of the strict mileage regulations from the Obama Administration. It’s long past time for a roll-back of obsolete US vehicle mileage…

2017-11-08 14:49   Click to comment

Master Resource: GOP Tax Plan Resets Big Wind

The GOP tax bill dropped last Thursday and it sent shock waves through the wind industry. Turbine makers Vestas and Siemens saw notable declines in stock value and the American Wind Energy Association (AWEA) blasted Republicans for reneging on a “tax reform deal” already in place. The complaining was predictable. Big wind always howls when its subsidies are touched. But Congress is on the…

2017-11-07 07:00   Click to comment

Master Resource: Energy & Environmental Newsletter: November 6, 2017

The Alliance for Wise Energy Decisions (AWED) is an informal coalition of individuals and organizations interested in improving national, state, and local energy and environmental policies. Our premise is that technical matters like these should be addressed by using Real Science (please consult WiseEnergy.org for more information).

A key element of AWED’s efforts is public…

2017-11-06 07:00   Click to comment

Master Resource: Alarmist Consensus: Oil Crisis Just Ahead (1996 example for today)

https://www.theatlantic.com/magazine/archive/1996/04/mideast-oil-forever/376560/

 

 

Given that the most recent war America fought was in the Persian Gulf, let’s start by examining the likelihood that an oil crisis will occur in the coming decade. Forecasting is always risky, especially where oil is concerned, but consider what a variety of experienced energy hands from every point on the…

2017-11-03 07:00   Click to comment

Master Resource: RFF on ‘Social Cost of Carbon’ Rethink: You Have Just Begun (SBC, SCG need to be added)

“A major new variable to estimate the social cost of carbon [SCC] is the positive side of CO2 emissions and atmospheric concentrations, which promote plant growth and economic activity…. A negative value for the SCC creates a new, better term: SBC, or social benefit of carbon.”

“Will RFF hold an open debate with critics of Obama’s SCC in the months ahead? Or will RFF continue to circle the…

2017-11-02 06:00   Click to comment

Master Resource: Trump Administration Stays on Track on Big Energy Picture

“‘I will always put the needs of our country first,’ Mr. Trump said. ‘That is why we are withdrawing from one-sided international deals,’ he added, citing the Trans-Pacific Partnership and the Paris agreement.”

– Lisa Friedman, “New Talks on Paris Pact Are Set, and That’s Awkward for U.S..” New York Times, October 18, 2017.

” The president made a tremendously courageous decision by saying…

2017-11-01 06:00   Click to comment

Master Resource: Halloween Thoughts from a Harvard Man (Holdren can play himself tonight)

“Some form of ecocatastrophe, if not thermonuclear war, seems almost certain to overtake us before the end of the [twentieth] century.”

– John Holdren and Paul Ehrlich (1971) [1]

Doom and gloom—repeatedly falsified—hallmark the long career of John P. Holdren, neo-Malthusian and President Obama’s start-to-finish science advisor. Back at Harvard University, the Teresa and John…

2017-10-31 06:00   Click to comment

Master Resource: Wind PTC: Excessive Benefit Demands Repeal

“Market conditions back in 1992 no longer exist. Big wind no longer needs the Production Tax Credit, and certainly cannot justify the extraordinary benefits received [3.5¢/kWh pre-tax]. Retaining the subsidy in light of lower installation costs and increased production serves only to further distort the market and bestow a bounty on big wind that far exceeds what 1992 lawmakers could ever…

2017-10-30 06:00   Click to comment

Master Resource: ANWR: Let’s Go! (Driessen’s 2012 wisdom comes of age)

“If we can’t even use seismic to ‘see’ the vast majority of our underground prospects and resources, we cannot possibly estimate what is actually there. The one thing we can say is: Our current estimates of U.S. oil and gas resources are wrong, and are almost certainly much too low.”

“Producing ANWR’s oil riches represents hundreds of billions in state and federal royalties and corporate…

2017-10-26 07:00   Click to comment

Master Resource: U.S. and India: Deeper Ties Towards Energy Abundance

“India’s chief economic adviser Arvind Subramanian has declared that India will fight against the ‘carbon imperialism’ being imposed on it. He affirmed the country’s plans to promote clean coal and suggested the development of a global coal alliance that can counter the renewable push by climate alarmists.”

India and the U.S. are about to deepen their economic ties—thanks to a…

2017-10-25 07:00   Click to comment

Master Resource: Paris Agreement Clarification: Developing Countries Need Not Make ANY Emission Reductions

“President Trump was right to pull the U.S. out of the Paris Agreement. When withdrawing the Clean Power Plan, Pruitt should make it clear that, independent of its other problems, the Paris Agreement violates the will of Congress and is a betrayal of the American people.”

In explaining why he is withdrawing the Clean Power Plan (CPP), Environmental Protection Agency Administrator Scott…

2017-10-24 07:00   Click to comment

Master Resource: Al Gore: Buyer Beware (tonight at Rice University)

“When it comes to climate change, the greens are a ‘do as I say and not as I do’ movement. Reducing energy use and living with less–that’s the sacrifice that the masses must make to save the planet, but not the elites.”

– Stephen Moore and Kathleen Hartnett White, Fueling Freedom: Exposing the Mad War on Energy (Washington, DC: Regnery, 2016), p. 229.

Al Gore is speaking tonight at Rice…

2017-10-23 07:00   Click to comment


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