Germany…Dithers

Posted on 2 August 2019 by eehines

…on the matter of helping protect freedom of shipping through the Strait of Hormuz and, presumably, up into the Arabian Gulf.

Great Britain, in an effort that parallels the US’ efforts, is proposing a European naval mission to the region to protect European oil tankers. Germany isn’t sure. On the one hand, Norbert Röttgen, Bundestag Committee on Foreign Affairs Chairman, says

Our prosperity lives on free shipping. And we have to make clear that we stand alongside our British friends, partners and allies who are affected. There must be joint European action.

But the US might be involved, so he dithers:

This is a preview of Germany…Dithers. Read the full post (369 words, estimated 1:29 mins reading time)

Responsibilities

Posted on 31 July 2019 by eehines

Iran, as I write this (Monday), has rejected efforts to defuse the situation in the Arabian Gulf, a situation it has created with its piracy of and extended threats toward oil shipping in the Gulf and transiting the Strait of Hormuz. Indeed, in response to a planned British redeployment of a couple of small combat ships to the Gulf to add to the protection of British tankers, Iran had this:

But Mr [Ali, Iranian government spokesman] Rabie warned Sunday that a European military deployment in the Gulf would be viewed as an escalation of the crisis. “Such moves under the current conditions are provocative,” he said, according to IRNA.

This is a preview of Responsibilities. Read the full post (192 words, estimated 46 secs reading time)

Germany’s Cost of Going “Green”

Posted on 31 January 2019 by eehines

Germany is moving decisively to eliminate coal-fired plants as a source for its economy’s energy.

Germany has already banned nuclear power, which was a singularly stupid thing to do—that source of energy already had no CO2 emissions. Nevertheless, the destruction of that industry already is ongoingly expensive.

Merkel’s decision in 2011 to dump nuclear energy by 2022 and to accelerate the build-out of renewable sources such as wind and solar power is already costing them €27 billion [$31.8 billion] each year in the form of a renewable-energy tax.

This is a preview of Germany’s Cost of Going “Green”. Read the full post (402 words, estimated 1:36 mins reading time)

Russia and Ukraine

Posted on 27 November 2018 by eehines

Over the weekend, Russia has decided to block Ukraine’s access to the Sea of Azov from the Black Sea; it’s placed a cargo ship under the Kerch Strait Bridge, which Russia completed earlier this year to give it direct land access from Russia to Russian-occupied Crimea, and Russia has military helicopters orbiting above the bridge. The Kerch Strait is a bit under 2,000 feet wide where the bridge sits.

This is a preview of Russia and Ukraine. Read the full post (522 words, estimated 2:05 mins reading time)

Exxon’s Carbon Tax

Posted on 13 October 2018 by eehines

Exxon Mobil Corp is throwing $1 million at the move to produce a national carbon tax.

Exxon’s move is an attempt to manage what it sees as the risk of a similar movement in the US, in ways that it hopes will simplify requirements on its industry….
Exxon sees a carbon tax as an alternative to patchwork regulations, putting one cost on all carbon emitters nationwide, eliminating regulatory uncertainty….

On the contrary, Exxon is looking for short-term competitive political advantage at the expense of long-term economic—real—advantage. That’s unfortunate.

This is a preview of Exxon’s Carbon Tax. Read the full post (236 words, estimated 57 secs reading time)

Energy “Subsidies”

Posted on 16 March 2018 by eehines

The Federal government is continuing its ethanol mandates in its misguided effort to clean up the fuel our cars burn as we get about our business. In an op-ed earlier this week, The Wall Street Journal rightly decried the artificial, government-created and -propped up market in RINs, which oil refineries can trade around in order to get credit for ethanol that they’re unable to obtain and blend into the fuel they produce. As the WSJ noted, one of several outcomes of this artificial market is this.

The core problem is that the federal government has distorted the energy market by using subsidies and mandates to support biofuels.

This is a preview of Energy “Subsidies”. Read the full post (290 words, estimated 1:10 mins reading time)

Private Moves and Regulations

Posted on 15 February 2018 by eehines

The Trump administration’s Bureau of Land Management is moving to rescind and replace an Obama administration regulation that would drastically limit methane gas emissions by companies drilling for hydrocarbons on Federal land.

While the move is salutary—the Obama regulation would have imposed too much cost, would have stunted energy innovation, and would have limited energy supply with resulting higher prices to us consumers—there’s one tidbit in the Wall Street Journal article carrying that news that needs emphasis.

Environmentalists rejected that claim [of impeding energy development] and decried the decision, pointing out that several companies had already moved on their own to start cutting methane emissions.

This is a preview of Private Moves and Regulations. Read the full post (278 words, estimated 1:07 mins reading time)

An Edge of the Envelope

Posted on 2 November 2017 by eehines

Here’s one estimate of the cost of converting internal combustion vehicles to an all electric fleet. Certainly, it’s a single datum, but it’s a useful one as an outer bound, plausibility estimate. Nicola Sturgeon is Scotland’s First Minister, and she wants to replace all of Scotland’s internal combustion vehicles with electrically powered vehicles by 2032, which lends irony to the outer bound datum. Great Britain’s green energy aficionados want to replace all of Great Britain’s internal combustion vehicles with electric ones by 2040.

Professor Jack Ponton of Edinburgh University has rudely run the numbers [emphasis in the original].

This is a preview of An Edge of the Envelope. Read the full post (177 words, estimated 42 secs reading time)

What Hath Fracking Wrought

Posted on 24 August 2017 by eehines

From AEIdeas comes one indication:

AEIdeas summarized the circled section:

In 18 of the last 19 months starting in December 2015, the energy share of consumer spending has been below 4% marking a historic period of the most affordable energy in US history (annual data on energy spending back to 1929 confirms this).

That’s evil oil and gas for you—making our lives easier and making that ease cheaper.

This is a preview of What Hath Fracking Wrought. Read the full post (102 words, 1 image, estimated 24 secs reading time)

Another Example

Posted on 20 June 2017 by eehines

…of the failure of government intervention in “green” energy. And of the lack of understanding of the problem by the participants. This four minute video via Deutsche Welle tells the tale.

A group of Spanish farmers, in order to “improve their pensions and to do something for the environment,” banded together to build a solar farm, Spain’s biggest cooperative solar park, an operation of solar cell collectors at roughly €90,000 per module.

The central takeaway:

[T]he modern facility is currently losing money because the conservative government has drastically cut the subsidies for solar power.

This is a preview of Another Example. Read the full post (307 words, estimated 1:14 mins reading time)

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