Site: Master Resource

Slant: Sceptic

Active: yes

Recent Articles

Master Resource: Taking a Week Off with Your Kind Permission (back August 21st)

MasterResource is in its ninth year.

The first post was December 26, 2008. We have published 2,265 posts and have others in the queue. Google just about any energy policy term/issue and ‘MasterResource’ and something interesting should pop up.

This is the last period of summer for a lot of folks and families with school just ahead. Your founder and editor, along with Roger Donway,…

2017-08-15 07:00   Click to comment

Master Resource: Energy & Environmental Newsletter: August 14, 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.…

2017-08-14 07:00   Click to comment

Master Resource: RFF Goes NRDC (Social Cost of Carbon Study Ahead)

“Climate-wise, RFF has become the intellectual arm of the Natural Resource Defense Council (NRDC), just as RFF board member David Hawkins (of NRDC) wanted.”

Resources for the Future (RFF) was once a much more scholarly think tank than it is today. It did not assume but evaluated and debated energy issues and related environmental issues. On climate change, in particular, it has gone into…

2017-08-11 07:00   Click to comment

Master Resource: Climate Alarmism and Corporate Responsibility: Rejecting Cronyism for ‘Good Profits’

Business Leadership on Climate Seen as Key,” an article last month in Yale Climate Connections was headlined ( January 1, 2017). The subtitle: “With expectations of a much lower federal leadership role on controlling carbon emissions, key sectors of business community seen by some as maintaining momentum.”

A free-market, no-regrets answer, which I posited back in 1999, is…

2017-08-10 07:00   Click to comment

Master Resource: RFF or NRDC? Social Cost of Carbon Study Sounds Preordained

 

Resources for the Future (RFF) was once a scholarly think tank. It did not assume but evaluated and debated mineral energy availability and wider environmental issues.

But from its glorious beginning in the 1950s and 1960s–publishing treatises on shorter studies on resource availability–RFF went Malthusian in the 1970s, a story recounted by the late mineral economist Richard Gordon and…

2017-08-10 07:00   Click to comment

Master Resource: Denmark’s Anti-Wind Problem: Wind News Update

Denmark’s transition to a more competitive market pricing scheme has … effectively abolished village-owned wind projects while enriching mega-corporations

Denmark, the tiny European state much ballyhooed as the gold standard for wind-power deployment, has big energy goals. The Danish government set the target of sourcing half of its electricity from wind by 2020 and transitioning entirely…

2017-08-09 11:36   Click to comment

Master Resource: When Obama and Gore Went Oily (politicians like to deceive)

“I have made it clear in this campaign that I am not calling for any tax increase on gasoline, on oil, on natural gas, or anything else. I am calling for tax cuts to stimulate the production of new sources of domestic energy and new technologies to improve efficiency.”

– Al Gore (2000)

“As long as I’m President, we’re going to keep on encouraging oil development and infrastructure, and…

2017-08-08 07:00   Click to comment

Master Resource: Electric Vehicles: “A New Technology”?

 “… consider why the United States has decided to encourage people to buy electric vehicles: It’s a new technology….”

– Samantha Page, “A Koch front group is putting out misleading attack ads on electric vehicles,” ThinkProgress, July 28, 2017.

“No electric car since 1902, regardless of battery or drive train, had been able to compete effectively against its contemporary internal…

2017-08-07 16:00   Click to comment

Master Resource: “Secret Back of Anti-Trust Law” (on the origins of the Sherman Antitrust Act of 1890)

“Mr. Sherman knew that Alger was interested in the Diamond Match company to a large degree, and the purpose of the original anti-trust bill introduced by the Ohio financier, as I am positively informed by a senator who was then close to Mr. Sherman, was to punish Alger for his action in the national convention a few months before.”

Antitrust law has been more active in the petroleum…

2017-08-03 07:00   Click to comment

Master Resource: “Alligator Shoes” in California (James Hansen is right on cap-and-trade)

“‘There are a lot of special interests in [Sacramento], and a lot of them came to play,’ said Brent Newell, general counsel with the Center on Race, Poverty and the Environment, which pushed for policies to help people who live near sources of pollution, like refineries. ‘Utilities, agriculture, oil and gas, they all influenced significantly the contours of this [cap-and-trade] bill.'”-

–…

2017-08-02 07:00   Click to comment

Master Resource: A Free Market Mission Statement (draft principles)

“History shows that private property rights, market exchange, and the rule of law have resulted in affordable energy, improved living standards, and a healthier environment.”

“Government policies should be transparent, predictable, simple, and impartial toward all citizens and businesses. Such an approach will spur capital formation in the energy industry and promote optimal technological…

2017-08-01 07:00   Click to comment

Master Resource: Milton Friedman on Mineral Resource Theory (remembering a giant of social thought)

“I think [Julian Simon] probably should have been considered for a Nobel Prize.  He took a very independent position with little backing, dug deep and provided very good evidence for his predictions and expectations.”

“I do not believe there is a natural resource economics.  I believe there is good economics and bad economics.”

Milton Friedman (below)

Editor note: Milton Friedman would…

2017-07-31 07:00   Click to comment

Master Resource: EV Subsidies vs. Results: Reality Check in Norway

“The China study highlights that the government’s push to promote EVs may actually create a greater hurdle for it achieving its goal of restricting CO2 growth.”

Yesterday’s post noted That Tesla’s federal tax subsidies apply for the first 200,000 vehicles produced, could be reached and exceeded next year. In such event, what happens to Tesla’s Model 3 backlog when price-sensitive…

2017-07-27 07:00   Click to comment

Master Resource: Tesla Stumbles: Bad EV Economics or Something Else?

“Given Tesla’s multiple business lines – leading edge EVs, auto financing, solar roof tiles, battery storage projects, and tunnel boring – more investors lump the company in with technology companies, meaning investors focus on the “dream” rather than the results.”

“In 2016, the global motor vehicle population of cars and trucks was estimated at 1.4 billion, but just 2 million of…

2017-07-26 07:00   Click to comment

Master Resource: California Needs a “Spec” Water Market, Not Contrived Markets

“The most obvious function that people overlook when criticizing speculators is their ability to head off shortages”

— Andrew Beattie, “Market Speculators: More Help Than Harm,” Investopedia.com

Imagine a recessionary market for housing or land where no one is selling, a periodic event here in California. At such times, a group of speculators are always ready, willing, and able…

2017-07-25 07:00   Click to comment

Master Resource: Energy & Environmental Newsletter: July 24, 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.…

2017-07-24 07:00   Click to comment

Master Resource: Climate Alarmism and Corporate Responsibility: Rejecting Cronyism for ‘Good Profits’

Business Leadership on Climate Seen as Key,” an article last month in Yale Climate Connections was headlined ( January 1, 2017). The subtitle: “With expectations of a much lower federal leadership role on controlling carbon emissions, key sectors of business community seen by some as maintaining momentum.”

A free-market, no-regrets answer, which I posited back in 1999, is…

2017-07-22 07:00   Click to comment

Master Resource: Wind News Update: Falmouth Says Enough—But at a High Price!

After seven years of public hearings, nuisance complaints, state-funded facilitations, dueling noise experts, and several fatal court rulings costing hundreds of thousands, the Town of Falmouth has finally decided to abandon its defense of the town’s two Vestas V82 (1.65 megawatt) turbines. The last straw came on June 19, 2017, when Massachusetts Superior Court Judge Cornelius J. Moriarty…

2017-07-20 07:00   Click to comment

Master Resource: FERC’s ‘Workable Competition’ Standard: A 1992 Note for Today

“What is underemphasized or missing in the working paper is consideration of real-world competition as the industry understands it. In other words, rate discounting, surplus capacity, new entry and bypass, alternative fuel competition, and other factors make markets very competitive whatever the market shares of its individual participants.”

“[FERC] never considers the imperfections of…

2017-07-19 07:00   Click to comment

Master Resource: Rethinking Energy Efficiency: Reason Foundation Comments to DOE

“DOE’s energy efficiency regulations generally have the effect of increasing the cost of products and reducing competition and innovation.”

“In most other cases, it would be better for DOE to scrap its rules and allow private market actors to develop standards and information tools in their place.”

Julian Morris of the Reason Foundation recently submitted COMMENTS OF REASON FOUNDATION ON…

2017-07-18 07:00   Click to comment

Master Resource: WSJ Blows It on Australia’s Power Crisis (intermittent resources, not fossil fuels, at fault)

“The blackout in South Australia that left the entire province without electricity for more than 24 hours was caused by too great a reliance on wind energy, coupled with the closing of the areas last coal-fired power plant.”

While the Wall Street Journal’s editorial page retains a free market, limited government outlook, the body of the paper continues to move left, following much of the…

2017-07-17 07:00   Click to comment

Master Resource: Solar in Seattle? Not So Fast (clouds, clouds, my Dear Watson)

“Seattle tops the list with 226 days of heavy clouds each year, or about 62%. Portland is next with 222 days of heavy clouds.”

“It rarely gets real hot in western Washington (most houses don’t have or need air conditioners, and only one of my neighbors has one). But that reduces the rationale for solar panels further, since they are best at cutting peak power demand by supplying…

2017-07-13 07:00   Click to comment

Master Resource: A Blessed Day in the Life of a State Utility Commissioner

Dear Diary,

I just had a wonderful day creating economic development and protecting the people of our good state.

The day started normally with a power company’s chief lobbyist showing up at my office with Starbucks, a bouquet of flowers, and a box of chocolates. He is such a good friend. He says he even thinks of me as a father figure!

The latest stack of consumer complaints was on my…

2017-07-12 07:00   Click to comment

Master Resource: Are Electric Vehicles ‘CO2 Friendly’? (Swedish study raises questions)

“Based on calculations using the Swedish study’s various battery CO2 emissions estimates, as well as the methodology described by the EPA, I estimate that the carbon emissions sinkhole would equal between three and 5.4 years of driving an ICE car.”

Sweden just released a study that explores the carbon emissions associated with the Life Cycle of electric vehicle (EV) batteries, with a…

2017-07-11 07:00   Click to comment

Master Resource: EV “Range Anxiety”: Real World Issues

” … since the cost of battery packs represents a significant percentage of the initial EV purchase price, the older the battery or the more mileage on the vehicle, the greater the erosion in the car’s trade-in value.”

“‘… you can drive a Chevy Bolt the advertised 238 miles on a charge, if you can drive 60 mph.’”

“Without a very extensive and dense charging station network, when we get a…

2017-07-10 07:00   Click to comment

Master Resource: Response to MIT President: Paris Exit Scientifically Sound (Part II)

by Istvan Marko, J. Scott Armstrong, William M. Briggs, Kesten Green, Hermann Harde, David R. Legates, Christopher Monckton of Brenchley, and Willie Soon

MIT president’s letter repeats standard climate alarm claims. Here are the facts (also see Part I yesterday).

————————

The world is not experiencing unprecedented rising seas or extreme weather

Professor Reif further states that rising…

2017-07-06 07:00   Click to comment

Master Resource: Response to MIT President: Paris Exit Scientifically Sound (Part I)

– by Istvan Marko, J. Scott Armstrong, William M. Briggs, Kesten Green, Hermann Harde, David R. Legates, Christopher Monckton of Brenchley, and Willie Soon

MIT president’s letter repeats standard climate alarm claims. Here are the facts (also see Part II tomorrow).

———————-

“Fortunately, contrary to Professor Reif’s claims, the actual current scientific understanding of Earth’s climate…

2017-07-05 07:00   Click to comment

Master Resource: Energy & Environmental Newsletter: July 3, 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.…

2017-07-03 07:00   Click to comment

Master Resource: Wind News Update: The Failure of RGGI, Ohio Safety First (June 29, 2017)

“RGGI proponents want us to believe that the program is delivering on a global environmental promise, but the reality is the nine-state cap and trade system is a colossal failure of resource allocation that should be repealed to leave more efficient market forces.”

“During the Ohio debate, safety repeatedly took a backseat to economic opportunity. However, the problem for the wind industry…

2017-06-29 07:00   Click to comment

Master Resource: China’s EV Problem: Battery Depletion

“Analysts are saying that China’s EV market is highly dependent on government policies and subsidies. That was supported by Nielsen, a market research company, who said that among potential EV buyers, the highest motivating factor is the free license plates the government hands out, followed by the state subsidies. They pointed out that without the government subsidy, an ordinary EV would…

2017-06-28 07:00   Click to comment


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