The following is a guest article from Jerry Bowyer.[The article from which this excerpt is taken first appeared in World June 1, 2023.]Yesterday [May 31], ExxonMobil, the world’s largest publicly traded oil company, and fellow giant Chevron had their annual shareholder meetings. As has been the case for decades, the ballots of these companies are littered with resolutions by activists that urge them in various ways to stop being oil companies.It’s almost never packaged as an explicit … [Read more...]
A Powerful Defense of Capitalism
When Forbes editor Steve Forbes calls a book “one of the most important … in decades defending capitalism,” it’s time to sit up and take notice. Rainer Zitelmann’s In Defense of Capitalism: Debunking the Myths (USA, Republic Book Publishers, March 2023) fully deserves Forbes’s praise.In 10 relatively short chapters constituting the first half of the book, Zitelmann conclusively debunks ten myths, e.g., that capitalism is responsible for hunger and poverty or for environmental destruction, … [Read more...]
An Easy Guide to Rational Energy Policies
There are extensive technical and lengthy discussions and proposed solutions—both pros and cons—about climate change, rising oceans, extreme weather events, the impact of emissions, net-zero, EV mandates, wind and solar mandates, pollution, temperature change, and energy subsidies.The elephant in the room that is seldom discussed is the simple and an easy-to-understand fact of life that the world is facing shortages of the same products and fuels manufactured from crude oil that were the basis … [Read more...]
Jamie Dimon’s Climate Corporatism
Deep Throat never said, “follow the money.”That phrase, which has become one of the most famous axioms in politics and journalism, was featured in the 1976 movie “All the President’s Men,” which starred Dustin Hoffman and Robert Redford. But that phrase was not in the 1974 book of the same title by Carl Bernstein and Bob Woodward that recounted their investigation into the Watergate debacle1 Instead, it appears the phrase was first used by an attorney named Henry Petersen who … [Read more...]
Legalized Climate Grifting
Grifters have long fascinated us. Operating outside accepted moral standards, they excel at persuading their “marks” to hand valuables over willingly. If they ever represented a “distinctly American ethos,” they’ve been supplanted by con artists seeking bank accounts for funds abandoned by Nigerian princes.Their artful dodging is epitomized by Frank Abagnale daring the FBI to “catch me if you can,” Anna Delvey inventing Anna Sorokin, Redford and Newman masterminding their famous Sting, and … [Read more...]
Breakthrough! A Big Utility Says Net-Zero May Not Be Reliable
Dominion Energy, the big Virginia utility, has finally admitted that net-zero may not work. I have been writing about Dominion, which operates under the net-zero Virginia Clean Economy Act (VCEA), for a while now. VCEA requires Dominion to shut down all gas, oil, and coal-fired power by 2045.My point has been that VCEA cannot be done. Now Dominion has met me halfway, saying in their new Integrated Resource Plan (IRP) that maybe it cannot be done. So far, so good.In their new 2022 IRP, the VCEA … [Read more...]
Whale Death Confusion Abounds, and Some is Deliberate
Press coverage of the tragic whale deaths is a supreme study in confusion, especially the foolish attempts to somehow exonerate offshore wind development. Here are some prominent examples.The evergreen New York Times wins the race for worst coverage by claiming to explain the numerous recent whale deaths as due to online shopping. I am not making this up.Their headline promises an explanation: “Why 23 Dead Whales Have Washed Up on the East Coast Since December”. The primary reason claimed is … [Read more...]
Get Ready for Higher Electricity Bills to Fund Vehicle Charging
Charging at home is a favored feature of electric vehicles (EVs). But public charging stations are needed for long trips and to maximize EV market penetration. However, it’s unlikely that charging fees can cover the capital and operating costs of public chargers or make money for investors.Image: Creative Commons under UnsplashAccording to Kelly Blue Book, Americans purchased more than 800,000 new electric cars last year, or about 5.8 percent of all new cars sold. EV sales grew by 65 percent … [Read more...]
The Economic Case for Net Zero Is Zero
Implementing net zero will depress the global economy more than the atmospheric warming that the campaign against carbon dioxide emissions is supposed to prevent, according to a comparison of research by recognized experts. In other words, abandoning efforts to eliminate the greenhouse gas emissions of fossil fuels likely would make virtually everybody richer.The comparison is presented in a short 12-minute video titled “How human disruptions impact GDP” by Dr. Lars Schernikau, an energy … [Read more...]
Achieving Net Zero
According to the clerics of the Green Cult, once we blow up our last coal mine, send all diesel engines to the wreckers, stop using concrete, reinvent sailing clippers, cover the grasslands with solar clutter and the hills with wind machines and then slaughter all of our cattle. . . global climate will become serene - not too warm, not too cold. Wild weather will cease, and there will be no more droughts, floods, cyclones or snow storms and no more plant and animal extinctions.But the records … [Read more...]
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