To provide a proof point for Byrne’s economic benefit statement there is this from Bloomberg, Solar and Wind Cheapest Sources of Power in Most of the World.įor our new technology feature this week, we bring you a couple of solar stories and one for storage. Wind has been forecast to be cheaper than oil in the long run - once the transmission lines and windmills are up, the costs, in theory, drop way down.” What’s encouraging is that, in this respect, Texans are behaving like conservatives are supposed to: they are ignoring ideological and partisan dogma and instead doing what makes economic sense. Wind in oil country may seem like a contradiction, but to Texans it makes perfect sense…All this focus on wind may seem surprising - we all know West Texas is oil country, and that the entire state often leans to the right politically. In fact, if Texas were a country (which some might argue it is) it would rank fifth in the world in wind power generation, just behind Germany and India. Last year, Texas got more of its energy from wind - 23.4 percent - than any other U.S. But there is something else going on in West Texas: it is a world capital of wind energy. There are jokes going around that if you had a big storage tank in your basement, you could get paid to take some oil and sell it at a huge profit when, and if, the price goes up again. So oil producers and their financial backers have been paying folks to take their oil. There is less flying, less driving and fewer factories operating. There is nowhere to store the oil being pumped out of the ground because demand, due to the coronavirus, has collapsed. From the post, “Can’t We all be Like Texas? Last week, oil prices went negative. It is a long and thoughtful piece, and definitely worth a read. He has a blog named Reasons to Be Cheerful (which makes me think more of Ian Dury and the Blockheads, but this is not a music newsletter).
We start with a blog post from David Byrne of the Talking Heads. Texas | Cheapest in the Word | Supercapacitor | Betty and Nike
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