Whenever evaluating a new energy technology, caution is warranted. During what was arguably the first big cleantech boom around 2009, schemes were sold to angel investors thrilled to find a hot sector in the wake of the recent financial crash. Almost anything that sounded good got funded. Some of these schemes, such as a “clean”...
There are at least three ways to evaluate the economic viability of energy projects. The easiest way is to just repeat whatever is in a press release. The other extreme, a mandatory exercise for anyone poised to actually invest and build a project, is to develop complex projections that take into account the benefits of...
The reason to socialize a portion of the cost of major infrastructure is so the ratepayer doesn’t have to bear an unaffordable share of the construction financing payments. The broader benefit to society is to achieve greater affordability for what constitutes raw materials for prosperity; transportation, water, and energy. Whether or not they are ever...
When asked in a recent interview why California has the highest gasoline prices in the nation, Jodie Muller, the President of the Western States Petroleum Association, began by stating the following: “You can’t point a finger at one particular person, because, unfortunately, it is decades of policies layered on top of one another. You have local air...
California’s state legislature may succeed in destroying its own oil industry, but it won’t change anything in the world. It will only export jobs and raise the cost-of-living here at home. Here’s a reality check. According to the Statistical Review of World Energy, in 2024, oil, natural gas, and coal contributed 87 percent of the world’s...
Over the last ten years, residential electricity rates in California have nearly doubled, and the average California household now pays nearly 15% more than the national average on their monthly electricity bills, according to the Energy Information Administration. A key driver behind this is state climate policy and decarbonization mandates. Specifically, in 2015, the legislature...
With war in the Middle East disrupting shipments of crude oil, we have another reason to question policies that are driving our in-state oil industry into terminal decline. To briefly recap, Californians consumed 484 million barrels of oil in 2025, with in-state production only providing 111 million barrels. The rest was imported. It doesn’t have to...
Earlier this year, the California Coastal Commission released a report titled “Statewide Strategy for the Coexistence of California Fishing Communities and Offshore Wind Energy.” In addition to providing a “guiding framework” to protect California’s fishing communities, it “presents a roadmap for proposed offshore wind projects to become consistent with California’s relevant Coastal Act policies that recognize...
Right on schedule, the climate activists and their corporate backers are capitalizing on wartime fuel shortages to claim that now, finally, we can get serious about fighting climate change. On March 15, The New York Times weighed in with an article titled “How War in Iran Could Remake the Global Energy Landscape.” Claiming the oil crisis could...
The premise of this newsletter is that abundant and affordable energy and water are prerequisites to solving every other challenge standing in the way of lowering California’s overall cost-of-living. Not only because the cost for energy and water directly impacts the cost to build homes, or pay household utility bills, or engage in industrial production,...
After several rate hikes implemented in the last few years alone, Californians are asking why their energy bills keep climbing when they use the same amount of electricity or gas. According to a 2023 report from the Transparency Foundation, residents of California pay up to 67% more for electricity and 30% more for natural gas...
When it comes to the achievement of “carbon neutrality” and the requisite energy policies to get there, few choices carry with them more consequences than the planned, nearly total electrification of our economy. And when it comes to electrification, few categories of consumption are likely to outweigh the demands of EVs. With a focus on...