When there is good news, I will report it. In our mathematically “challenged” country, when people add 2 and 2 and — finally! — get 4, I will celebrate. I’m just that kind of guy.
To the idiocy of recent American energy policy — to the extent we have ever had one — I have devoted considerable attention in these pages. I’ve criticized it under Bush, and even more under Obama, because while Bush’s policy (which was to encourage both fossil fuel and “green energy”) was partly idiotic (the green part), Obama’s (which has been to end fossil fuels and substitute only green energy) has been completely, insanely idiotic.
But the free market, led by entrepreneurs (as opposed to academics, bureaucrats, or other parasites), working primarily on private property (as opposed to public lands, which this administration has locked away), and using private capital (as opposed to taxpayer money), has created a Renaissance of oil and natural gas production.
Even as solar, wind, and biofuel energy has generally proven economically unviable even with massive taxpayer subsidies, the new, unconventional, fossil fuel production — from sources such as shale formations and oil sands deposits, by hydraulic fracturing combined with horizontal drilling — has proven very viable, commercially. It has proven viable, please note, despite a firestorm of new regulations created by the Obama administration, which is eager to choke it off.
That's good news. Here's more.
The symbol of our idiotic energy policy is surely the Chevy Volt, produced by a socialized auto company but poorly received by almost all of society. It has been so poorly received that Government Motors has announced that it is suspending production of the “Sparky Lemon.” Even with massive federal and state subsidies, the whole EV concept has been a flop.
But a recent article in the WSJ reports some good news. A number of car makers are producing cars and trucks that can run on compressed natural gas (CNG), that now inexpensive and clean-burning fuel.
Start with Chrysler. It is announcing plans to build a line of bi-fuel (gas and CNG) powered Ram trucks. And GM is announcing that it will build bi-fuel Chevrolet Silverado and GMC Siena pickups in the fourth quarter of this year.
Honda Motor Company (not being government-run!) is nimbler. It has been selling CNG Civics since 1998 at 200 dealerships spread over 36 states. The starting price for these cars is about $26,600.
Ford, which already for several years has been offering CNG conversion kits for some of its cars, has announced that it will start offering some of its pickups with the option.
CNG-powered vehicles make great sense (as I have argued elsewhere). We can get all the natural gas we need from domestic sources, and it is relatively cheap. Indeed, you can buy conversion kits for any car, and gas compressors for your garage. But it makes most sense if the automakers make the cars powered by CNG right on the factory floor. First, that saves money — pure CNG cars don’t need catalytic converters, for example. And there are economies of scale.
Widespread conversion will take years, because people will move to CNG vehicles only when there is a widespread network of gas stations with CNG pumps. Still, it is a welcome development.
If Obama were sincere when he says, “My administration will take every possible action to develop this energy [natural gas],” he would merit some praise, and I would be happy to supply it. The problem is that in this matter (as in many others), he is lying through his teeth. He has bitterly fought fracking, using every tool in his administration — the Department of the Interior, the SEC, the Department of Energy, and even the Department of Agriculture — while locking away as much public land as he could.
Let’s hope a Republican administration (should we be lucky enough to see it replace the current, benighted one) would truly encourage the transition of vehicles to natural gas, and this country to energy independence. Most of the Republican candidates at least get energy, whatever else they don’t get.