Kenny Stein

Vice President for Policy at @IEREnergy and @AEA. Energy and environment policy all day long.

[Kenny Stein @KsteinEnergy]

Enjoyed participating in this conversation with @realnickpope @DailyCaller. Subsidies destroy markets and drive malinvestment. Repealing the IRA should be a no-brainer.

[Daily Caller @DailyCaller]

Kenny Stein, of the Institute for Energy Research, Explains the Origin of Government Subsidies for Renewable Energy:

[Charles Fain Lehman @CharlesFLehman]

The United States is the world's largest exporter of natural gas — a remarkable change from decades ago, when America was dependent on the often-hostile OPEC nations for its energy needs. That's probably saved us as much as $4 trillion in the past two decades.

That change is largely thanks to the "Shale Revolution," the development of fracking and horizontal drilling technology that is now responsible for 36 percent of total U.S. production.

In a new @nberpubs paper, Berkeley's Lucas W. Davis uses data on gas prices in the United States, Europe, and Japan to estimate the savings generated by the Shale Revolution.

The effect is obvious in the plot below: Starting in 2007, American prices diverge sharply from Europe and Japan. We're also more insulated from big shocks.

He pegs the total as between $3.1T and $4.3T between 2007 and 2025. That's $164B to $227B per year — between $500 and $700 per person per year.
https://t.co/brNtqmz2AS

[Arsenal @Arsenal]

Crowned at last 🏆

[Brad Johnson @bradj_TX]

This California-based pro-green energy PAC spent another $1 million+ against @chiproytx in its pre-runoff report: https://t.co/1zDbLvhVIK
#TXAG

[Colin Grabow @cpgrabow]

.@AFPMonline:

* Jones Act waiver is reducing fuel imports as access to US supplies has been improved

* West Coast imported 2.3 million barrels of gasoline & blending components from April 1-May 13. The same time last year saw zero.

Link: https://t.co/9SnKjy0b3y

[Justin Ritchie @jritch]

Given recent discussions on RCP8.5, I was prompted to look back at how my co-author Hadi and I got the concept of its implausibility initially published in 2017.

After attempts in journals where climate scenarios are typically covered, the tally before "Why do climate change scenarios return to coal?" finally landed in 2017 was: 6 journals, 5 rejections, 1 denied appeal, ~8 submission events, 3 revision rounds, 10+ reviewers.

Revisiting this sequence reminded me of what the reviewers wrote to support the rejection decisions:

[Rejected]
June 8, 2017: "I tend to agree with the conclusion that RCP8.5 is an unlikely extremely high emission scenario, which is abused in impacts studies as 'baseline' at the moment." (Reviewer #1)

[Recommended revision, then later rejected]
January 24, 2017: "RCP8.5 and SSP5 are not BaU scenarios… well-known within the IAM community… but has not been picked up by the user community." (Reviewer #1)

[Rejected]
June 24, 2016: "Important topic adroitly handled… It's an excellent and useful paper. I don't have any specific recommended changes to make. Hopefully this will lead to re-thinking the RCP scenarios." (Reviewer #2)

[Kenny Stein @KsteinEnergy]

@8Scheherazade9 @emzanotti LOL. Exactly.

[Dominic Pino @DominicJPino]

Look at all the 🇺🇸 trade that's now happening without the Jones Act in effect.

And the Jones Act fleet is still fully booked. This is all extra shipping, from Americans to Americans, that's happening just because government got out of the way.

[Arsenal @Arsenal]

The Arsenal. Your Premier League champions.

[Kyle Smith @rkylesmith]

Al Gore predicted in 1992 that in the next few decades, Florida would lose 60 percent of its population due to climate change.
Florida’s population is more than quadruple what he predicted it would be.

[Kenny Stein @KsteinEnergy]

@dilanesper They really aren’t rich either. They are no longer poor, but they are still very much in the middle-income bracket. They have some modern superstar cities and new infrastructure, but most of the population still lives in very poor to mediocre conditions by western standards.

[Kenny Stein @KsteinEnergy]

@RogueWPA It is an issue from day one, but yes it gets worse as penetration increases. Point is that LCOE is not a useful way to compare. There are places where solar is genuinely competitive and useful (hot, sunny, cheap land close to population), but that’s not NY.

[Kenny Stein @KsteinEnergy]

@dwkreutzer Also, they are mad because all their corporate friends abandoned climate bc they need reliable elec for the data centers.

[Colin Grabow @cpgrabow]

Newest addition to the data is the FRONT ALTAIR, a Marshall Islands-flagged, Norwegian-owned tanker that transported over 596,000 barrels of West Texas Intermediate from Texas to the @Phillips66 Bayway refinery in New Jersey.

[Charles C. W. Cooke @charlescwcooke]

Newsom has started doing this weird thing where he points to construction projects that are in progress and implies that the point at which the photo was taken is the project’s final form. He did it with the ballroom, too. It may explain a lot about his record on high-speed rail.

[Scott Lincicome @scottlincicome]

"How Much Has Shale Gas Saved U.S. Consumers?" https://t.co/xTqBKHw9HA

[Alex Epstein @AlexEpstein]

Stop corn and oil lobbyists from permanently expanding the ethanol mandate

The corn lobby, joined by many oil lobbyists, is pushing a bill to expand the ethanol mandate by 1) loosening air quality rules and 2) imposing the mandate on small refineries. This will raise fuel costs.

[Laura Weiss @LauraEWeiss16]

New: GOP Reps. ROY and PERRY are circulating a dear colleague letter opposing the E15 bill up for a vote this week

“The legislation we will be voting on acts as a backdoor expansion of the ethanol mandate, squeezes out independent refineries, and further entrenches a program crafted by radical Democrats,” they write

[RealClearScience @RCScience]

"The international committee responsible for official IPCC scenarios... declared the high-end scenarios... to be implausible. These scenarios have dominated climate research, headlines, and policy for the better part of two decades." by @RogerPielkeJr https://t.co/r7MPlVATTk