I was recently reading a letter to the editor in The Wall Street Journal where the reader blasted ag biotech companies like Dow Chemical and Monsanto for creating “superweeds”. Monsanto transformed crop farming with the development of Roundup herbicide, which kills practically anything with roots but is otherwise quite benign (oxymoron alert). They later developed genetically modified seeds for plants that are immune to the weed killer. But weeds, like bacteria, have morphed to become immune to Roundup. The letter goes on to compare the superweeds to antibiotic–resistant organisms. Except, nobody is going to be killed by a superweed. So…
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One way the utility business works like the rest of the economy is that it sells its products/commodities at a price that is higher than the cost of production, on average. The more utilities sell, the greater their gross profit. This is at odds with utilities’ incentive to save energy with energy efficiency programs. As a result, some utility executives are opposed to energy efficiency programs. That is a short-sighted view but that’s a story for a different day. As a result of this dichotomy, a pricing mechanism known as decoupling has been developed. This NREL paper gives a pretty…
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In many states, energy efficiency programs are meeting annual savings goals and their incentive cash is depleted in a fraction of the year. States where energy efficiency programs are a new offering are especially quick to meet goals. These states include Ohio, Michigan and Illinois. These states rely heavily on lighting, which accounts for somewhere in the range of 90% of the total savings. Even mature states like Wisconsin and California still get well over half their savings from lighting and other prescriptive measures (rebates). Wisconsin surpassed goals and ran out of incentives last program year. There are many ways…
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Automobiles have really changed over the past 30 years, and in some ways for the worse. Back in the 1970s before hardly anyone purchased imports, imports were small and domestic vehicles were hulking behemoths. Then it was the second, or was it the third or fourth – doesn’t matter – energy crisis hit in the late 1970s and domestic cars shrunk in a big way. The Ford Mustang went from a muscle car to feeble runt. A 1982 Mustang was the first car I owned. It was also by far the crappiest car I ever owned. This was the first…
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Yay! I’m outside working on my computer for the first time this year. Alright, who cares? Every week I plow through news-clipping services to see what is going on, to build my topic list, which is piling up faster than the weeks pass. This week I had to shelve 4-5 great topics to again take on the recently arisen climate bill. Many huge utilities and other giant energy users and associations are lauding the Kerry-Lieberman-Graham bill. These institutions include the American Wind Association, Duke Energy, Dow Chemical, Florida Power and Light, T. Boone Pickens, National Resources Defense Council, Steelworkers Union,…
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A few years ago I was on a marketing visit to a hospital for non-energy related services and of course I had to work energy efficiency into the conversation. “So, have you done any energy efficiency upgrades in recent years?” “Yes we replaced windows in the old section of the facility and installed new boilers. We’re all set with energy efficiency.” Palm, meet forehead. I could be a lousy salesman but that conversation ended with a pregnant pause. This was a hospital, probably the most energy intensive type of commercial facility there is, and replacing windows might reduce consumption by…
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Back in the day when I was in the nuclear Navy, Greenpeace was not so infrequently pulling stunts like running their zodiacs up on the top of submarine hulls to make their unfounded statements of radiation releases to the environment. Since 9/11, you can bet they stopped this practice. Even back in the early 1990s the hatch was guarded by a burly guy sporting a short barrel shotgun with the largest shell chamber I’ve ever seen. Stopping power. The fact is, the US Navy runs the cleanest nuclear plants in the world with thousands of operating reactor YEARS and not…
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If there’s one thing that most people painfully realized over the past couple years, it’s that there is risk in putting your money in anything in hopes of earning a return on investment. Riding a company into bankruptcy is an obvious one. I’ve done that several times by investing in fast-growing start-ups, initial public offerings (IPO) and stock options. Invest $3,000 for 100 shares of common stock and a few years later the company emerges from bankruptcy (isn’t that a cute phrase – it sounds like a daffodil blooming in spring but it’s more like rummaging for your charred silverware…
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For years, beginning in the 1990s through just a few years ago I considered ENERGY STAR® to be fluffy foo foo feel good goo – kind of like eating meringue smothered in corn syrup after chopping wood all day. Then they introduced the ENERGY STAR rated homes and ENERGY STAR rated commercial buildings. Both of these seem to be solid “programs”. ENERGY STAR for commercial buildings is based on energy intensity, which is energy consumption per square foot, climate region, type of facility and a few other things. To “earn the ENERGY STAR” commercial buildings must be in the 75th…
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One of the downsides of the surging awareness and growth in energy efficiency and renewable energy, in my opinion, are all the Johnny Come Lately energy services arms of giant corporations. Companies include Lockheed Martin, United Technologies, Eaton, and Chevron. These giants have revenues of $45 Billion, $53 Billion, $12 Billion and a meager $176 Billion, respectively. Poor Chevron’s revenue dropped from $275 Billion from the year prior. Maybe they should focus on their core business and leave the energy saving to the rest of us. Among these, only measly Eaton isn’t in the Fortune 100 (Eaton comes in at…
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