Attorney at Law
Phone: 713-899-3399
Contributor's Links: IPO-Law

I critically analyze and evaluate sustainable energy initiatives from the perspective of a Devils's Advocate. My goal is to identify flawed assumptions and hidden risks and help clients develop strategies to mitigate risk, ensure the return of capital, and maximize the return on ... more

ALL CONTRIBUTIONS

E Why Wind Power Transition Schemes Are Pipe Dreams
Wind turbines can never provide reliable electric power, but generous subsidies, priorities, and preferences foster insidious economic parasitism that starves reliable gas-fueled power infrastructure while increasing everyone's electricity costs.
Read
E How Wind Power Caused The Great Texas Blackout Of 2021–Part II
Texas has the freest deregulated electric power market in the country and enjoys the lowest electricity rates. While there are rare occasions when this vibrant free-market approach fails to satisfy all consumer demands.
Read
E How Wind Power Caused The Great Texas Blackout Of 2021-Part I
The Great Texas Blackout of 2021 was a classic domino-effect chain reaction where unreliable wind power experienced a 93% failure rate hours before other power sources began to buckle under the strain of an unprecedented winter storm.
Read
How Entrepreneurs And Bankers Will Profit From Forgivable CARES Act Loans
Everything you need to know about the CARES Act.
Read
EC Oil Drove Recovery
Over the last decade, the oil industry converted $1.2 trillion of import spending into GDP while saving US energy consumers another $2.4 trillion.
Read
The Regulatory Roaches In Tesla’s ZEV Credit Soup
While last Wednesday’s article described a potential ZEV and GHG banquet for Tesla longs in Q2 and Q4, my discovery of the pending EPA-NHTSA rulemaking is the gustatory equivalent of roaches in the soup.
Read

Comments

Latest Comments
How Wind Power Caused The Great Texas Blackout Of 2021–Part II
9 months ago

Wind power was the first domino to fall, losing about 4 GW of capacity before the first gas fired plants started tripping out, and that, coupled with soaring demand, set off a much larger chain reaction that came within five minutes of a catastrophic grid collapse that would have taken weeks to black start. The wind producers knew they were unprepared for a major oncoming weather event that would take their turbines offline with no advance notice. Instead of standing aside and leaving the heavy work to generators that can do heavy work, they took advantage of the ERCOT system and flooded the market with unreliable wind power that pushed more reliable systems offline. The hard cold truth is wind power is useless to an industrialized economy without 100% backup from dispatchable fossil fuels. The harder colder truth is that when you calculate the LCOE of a reliable system that can provide reliable power 24/7/365, the LCOE is higher than the LCOE for reliable fossil fuels with no wind.

How Wind Power Caused The Great Texas Blackout Of 2021–Part II
9 months ago

I provided full download access to the hard data I originally downloaded from the US Energy Information Administration. The suggestion that my article is based on spin rather than facts is offensive. The suggestion that big oil/coal companies sponsored the spin is laughable. Every man is entitled to his own opinion, but no man is entitled to his own facts. If you can argue a different conclusion from the facts, I offered I'd love to hear it.

How Wind Power Caused The Great Texas Blackout Of 2021-Part I
9 months ago

Texas has good wind characteristics, favorable pricing and priorities for wind and solar power, and lots of wide-open space, so it's been a dream destination for wind developers for decades. ERCOT has no planning authority. It merely buys power from thousands of producers and sends it to hundreds of local utilities. Since wind power is treated as "more equal" than fossil-fueled power, wind producers can literally force fossil fuel plants to shut down. On a typical winter day, they expect wind to represent less than 1 GW of power supply. On Valentine's day that number was 9 GW and when the turbines started freezing all hell broke loose, or if you prefer hell froze over.

The public has been pretty tolerant of green idealism in the past. I don't expect that trend to continue after millions of us spent a long week freezing in the dark.

How Wind Power Caused The Great Texas Blackout Of 2021-Part I
9 months ago

Wendell Brown, At 6:00 pm on Valentine's Day, wind power in Texas was 9,015 MW or 36% of nameplate capacity. By midnight on Valentine's Day, wind power had fallen to 5,450 MW or 22% of nameplate capacity. By noon on the 15th wind power had fallen to 3,185 MW or 16% of nameplate capacity. By 8:00 pm on the 15th wind power had fallen to 649 MW or 3% of nameplate capacity.

That catastrophic decline in wind power production coupled with rapidly rising demand triggered overload safety systems in all classes of power generation assets. Natural gas went down first, then coal, then nuclear.

Whether you like it or not, failures in wind kicked off a domino-effect chain reaction that damned near took down the entire ERCOT grid.

I'm sorry if my writing style does not live up to your standards, but I think the case has been made clearly and elegantly. If you disagree, please feel free to do your own research using EIA quality data sources and prove the argument you wish to make.

How Wind Power Caused The Great Texas Blackout Of 2021-Part I
9 months ago

Thanks for the kind words, James. I was a little concerned that I might be kicking a hornet's nest with this one.

Is Tesla Counting On A Billion Dollar Regulatory Credit Bonanza?
3 years ago

I think the ZEV Credits are a scam because the number of credits is determined by a formula that multiplies the range by.01 and adds half a credit. So an EV with a 50 mile range gets 1 credit and an EV with a 300 mile range gets 3.5 credits.

Since the average Tesla owner drives his car 32 miles per day or 11,700 miles per year, just like every other driver, a 300 mile EV offers no more environmental benefit than a 50 mile EV.

I guess nobody taught the regulators in California to think about whether their rules actually support their goals.

In this article: TSLA
Is Tesla Counting On A Billion Dollar Regulatory Credit Bonanza?
3 years ago

ZEV and GHG Credits are not "Tax Credits" and nothing in my work suggests otherwise. They're created by regulatory edict and represent an unjustified fiscal plunder of competitors who must buy credits from sellers like Tesla or pay heavy fines to regulators.

I guess one could characterize the credits as an indirect rape of the taxpayer since the regulators would collect fines if the credits were not tradable, but that's a bit of a stretch.

In this article: TSLA
Tesla’s Cobalt Blues; Growth Fallacies And Supply Chain Risque Majeure
3 years ago

I think the most likely explanation is pressure from institutions that want out but can’t sell into the market without crushing the price because they own so much stock.

In a going private scenario XYZ and Musk could each say “we loved the company but our policies don’t let us own illiquid securities. So we’re reluctantly taking the cash.

In this article: TSLA
Tesla’s Cobalt Blues; Growth Fallacies And Supply Chain Risque Majeure
3 years ago

In a March 2016 article I referred to the cobalt cliff as the biggest Oops in the history of supply chain management.

miningpundits.com/.../ev-batteries-and-the-cobalt-cliff-the-biggest-oops-in-the-history-of-supply-chain-management/

In this article: TSLA
Tesla’s Cobalt Blues; Growth Fallacies And Supply Chain Risque Majeure
3 years ago

If its any comfort I'm baffled too.

In this article: TSLA
1 to 10 of 18 comments
1 2

STOCKS I FOLLOW

AXPW AXION POWER INTL INC
ENS EnerSys
GE General Electric Company
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
INTC Intel Corporation
JCI Johnson Controls Inc.
KCG Knight Capital Group Inc.
MXWL Maxwell Technologies, Inc.
NSC Norfolk Southern Corporation
TM Toyota Motor Corporation
TSLA Tesla Motors Inc.
USO United States Oil Fund, LP
Load More

TWEETS

PERSONAL BLOG

Latest Posts

Work Experience

Education

Publications