Gee, why would an oilman like T. Boone Pickens, who owns one of the largest natural gas refueling networks in the country, be spending so much of his money to start a dialogue on renewable energy–particularly wind? Out of the goodness of his heart, right? Let’s ask an energy industry expert:
Wind turbines generate electricity very irregularly, because the wind itself is inconsistent. Therefore wind turbines always need backup power from fossil fuels to keep the electricity grid in balance. Gas turbines are the best way to do this. They are able to respond quickly and push power production when wind generators stop suddenly. They can be turned on and off almost instantly, whereas traditional coal-fired plants need to be maintained in a very inefficient standby mode if they are to respond to large fluctuations in power demand.
A proliferation of windmills, then, can become a windfall for gas sellers. Just look at the cases of Spain and Germany, Europe’s leading producers of wind power.
. . .
These gas players can afford to lose money on wind power in the short term to reap huge profits in the long term. In fact, this was the strategy first implemented by Ken Lay of Enron in 1990s. Enron was the power and gas company that started the first large-scale manufacturing of wind power in the U.S. It also brought up the ideas for a cap-and-trade system, to increase the competitive edge of gas over coal.
An ulterior motive? I’m shocked. Shocked!
Comments
There are currently 4 comments.Jeremiah, Sep 11 08 at 5.59 pmAre you telling me that wind power is not the change we’ve been waiting for? That it can’t wean us off those villainous foreigners who sell us oil (and those nasty Canadians in particular)? And that turning our hideous countryside into lovely windmill farms is not the path to a brighter, more hopeful future?
This simply goes against everything the media has taught me to believe.
Rohini Bhat, Sep 12 08 at 8.29 amI have been wanting to know this for last few weeks. Thanks
Will, Sep 12 08 at 10.22 amThere’s more to this than just wind and natural gas…
Nikhil, Sep 12 08 at 12.31 pmTrue, Will, I forgot about that. Aren’t you and Nies living on the Oglala Aquifer?
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11 Sep 2008
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