Over the last three decades, author, journalist, and public speaker Robert Bryce has published more than 1,000 articles and five books. His byline has appeared in dozens of publications ranging from the Wall Street Journal and National Review to the Sydney Morning Herald and New York Times. In 2010, he published Power Hungry: The Myths of Green Energy and the Real Fuels of the Future. His most recent book, Smaller Faster Lighter Denser Cheaper: How Innovation Keeps Proving the Catastrophists Wrong, was published in 2014 by his longtime publisher, PublicAffairs, and is now available in paperback. A senior fellow at the Manhattan Institute, he lives in Austin.
It has been a curious experience to watch the news about the “largest climate march in history” from Japan. There weren’t any marches here in Tokyo. Indeed, 350.org, the group that was a lead organizer of the march in New York City, doesn’t even appear to have a presence in Japan.
Solar energy appears to finally be coming of age.
In July, Bloomberg New Energy Finance declared that we are in the midst of a "solar revolution" and the firm predicted that solar will be the fastest-growing form of global generation capacity through 2030. A few days after that report was released, Deutsche Bank announced plans to lend $1 billion to support solar deployment in Japan.
Energy policies are faddish. From the energy-independence moonshine of the corn-ethanol scam to the latest 645-page slate of regulations the EPA wants to inflict on the domestic electricity-generation sector, the supposed threats have varied.
Back in the 1970s, the claim was that we were too dependent on Arab oil (a claim that we continue to hear today). These days, in addition to the never-ending blather about “energy independence,” we have the spurious claim from the Obama administration that yet another layer of EPA rules on U.S. industry will make a dramatic difference when it comes to global climate change.
When it comes to the issue of climate change, it’s easy to bash the United States. Yes, the U.S. emits a lot of carbon dioxide — about 5.9 billion tons in 2013 alone, second only to China’s 9.5 billion tons.
But it’s also easy to overlook this fact: The U.S. is leading the world in reducing its carbon dioxide emissions. And those reductions are largely due to the innovation that is happening not in green energy, but in the oil and gas sector’s ability to produce hydrocarbons from shale deposits.
Rasheed Wallace gained notoriety during his 16-season NBA career for being a hot-headed power forward. If called for a foul (or, as was often the case with him, a technical foul) that he thought was undeserved, and the opposing team missed the ensuing free-throw attempts, Wallace would often holler, “ball don’t lie,” as if the basketball itself was pronouncing judgment on the ref’s call.
In April, at a conference in San Antonio, an official from ConocoPhillips made an aggressive prediction: he said that by the end of 2014, oil production in Texas could hit 3.4 million barrels per day. That figure seems inflated given that the latest data from the Texas Railroad Commission shows that in March, oil production was about 2 million barrels per day.
Facebook’s initial public offering was all about superlatives. The May 2012 event was the largest-ever IPO for a US technology company and the third-largest in US history. It marked, or so the hype claimed, the coming of age for social media companies. But amid the hype over the company’s stock price, revenues, and growth potential, the media paid almost no attention to the vast quantities of electricity that Facebook and other tech companies need to operate their business.
On July 1, Alan Mulally will retire as CEO of Ford Motor Co. And when he cleans out his office in Dearborn, Mulally will leave behind him one of the most remarkable comeback stories in US industrial history.
The former Boeing executive took over Ford in 2006 and mortgaged it to the hilt, borrowing $23 billion. Doing so helped avoid bankruptcy and finance a company-wide overhaul. By late 2008, Ford’s stock was selling for as little as $1.39. But Mulally stuck to his knitting. In 2013, the company’s profits hit $7.2 billion and today, Ford stock sells for about $16 per share.
In the wake of the 2011 accident at the Fukushima Daiichi nuclear plant, it may sound odd to say so, but here goes: The prospects for nuclear energy have never been brighter.
Reactor technology is improving fast, the nuclear sector is getting significant private-sector investment, and mainstream environmentalists are embracing nuclear like never before. To be clear, nuclear faces many challenges -- it’s too expensive and there are too many old plants -- but with the right policies in place, nuclear should become more affordable and safer over the coming decades.
Many critiques have been written about the foolishness of America’s mandates and subsidies for biofuels. But the most savage was almost certainly published last year in the Strategic Studies Quarterly, a U.S. Air Force journal, by Ike Kiefer, who launched this barrage:
Imagine if the U.S. military developed a weapon that could threaten millions around the world with hunger, accelerate global warming, incite widespread instability and revolution, provide our competitors and enemies with cheaper energy, and reduce America’s economy to a permanent state of recession. What would be the sense and the morality of employing such a weapon? We are already building that weapon -- it is our biofuels program.