Real Energy, Real Jobs

By looking at the title, for a second I thought that I wrote this article and forgot about it, but the Real Energy, Real Jobs article was written by Robert Bradley Jr., CEO and Founder of the Institute for Energy Research and author, Capitalism at Work: Business, Government, and Energy.

Indeed Energy is Big Business and critically important for the US, Hawaii and indeed all civilization. For each location, there is an optimum mix of energy options for abundant, affordable energy, energy jobs and energy profits. There are many sub-optimal mixes that may lead to huge profits, short-term jobs, and unreliably and expensive energy. You can read some of these in Bradley's article.

In addition to the points raised in the article Real Energy, Real Jobs, my own research has revealed that:

• Denmark: 20% of the electricity is from wind, but much of it is exported at no cost to Norway in return for baseload electricity when the wind does not blow!
• Spain: For every 1 green job financed by Spanish taxpayers, 2.2 jobs were lost as an opportunity cost. Since 2000, Spain spent $753,778 per “green job.”
• Germany: Green jobs created by government actions disappear as soon as government subsidies end.
• Texas: After 30 months, countless TV appearances, and $80 million spent on an extravagant PR campaign, T. Boone Pickens has finally admitted the obvious: The wind energy business isn't a very good one. The Dallas-based entrepreneur, who has relentlessly promoted his Pickens Plan since July 4, 2008, announced that he's abandoning the wind business to focus on natural gas. (Wall Street Journal quote.)