Tag: Ocean Energy

The New Normal? Renewables, Efficiency, And “Too Much Electricity”

Just over a decade ago, the state of California faced serious concerns about whether its utilities could generate and/or buy enough power to assure that the world’s seventh-largest economy could keep the lights on. The infamous California energy crisis, which affected several other western states as well, was a complex tangle of poorly structured deregulation, significant market manipulation (remember Enron?), and other causes. Along with rolling blackouts, California endured an official state of emergency that lasted 34 months, led to the recall and replacement of Gov. Gray Davis, and cost the state and its ratepayers billions of dollars — a cautionary tale for all states of electricity supply unable to meet demand.

Summers’ Law Strikes Again

Lawrence Summers famously wrote, “there are idiots, look around” in an attack on the theory that markets are rational. What some have called “Summers’ Law” certainly applies to the markets’ response to the slide in the price of oil as it relates to stocks of renewable energy companies.

Why Fracking May Support Renewables

Hydraulic fracturing, or fracking, is shunned by the environmentalists that laud renewable energy sources. However, by not supporting both initiatives, they may be working at cross purposes. Natural gas, booming largely because of fracking, complements…

Listen Up: Can We Get To 100 Percent Renewables?

We’ve made great progress with renewable energy — but from an almost zero base we still have a long way to go. Fortunately, the path is clear. California is already over 12 percent with a combination of hydroelectric, wind and solar (unfortunately not much hydro this year). Getting to 50 percent only requires the deployment of existing technology. But can we get to 100 percent?