Mark Mills, senior fellow at The Manhattan Institute and partner with Cottonwood Venture Partners recently wrote a report titled “The New Energy Economy: An Exercise In Magical Thinking.” Jessica Morales spoke to Mills about the physics of energy supply and the differences—and relationships—between hydrocarbons and renewable energy.
During the interview, Mills addressed claims that renewable energy is better than hydrocarbons for cost-density and stability. “The claims are typically based on ignoring both direct and indirect subsidies. It’s the entire hydrocarbon economy. 80% of the world’s energy comes from hydrocarbons and 80% of America. Same is true in our electric grid,” he told Hart Energy. “If we tried to make an energy system that didn’t use any hydrocarbons, and just tried to use wind and solar, it would be very unstable and if you tried to make it stable it would be astonishingly expensive.” said Mills.
You can read Mark’s report for The Manhattan Institute here:
The "New Energy Economy": An Exercise in Magical Thinking
2022-07-06 - The baseline valuation of BlackBrush's production in the Eagle Ford would be around $430 million, although BlackBrush may seek a sale price in the “high hundreds of millions of dollars” to account for substantial undeveloped acreage in the area, sources said.
2022-05-26 - “I was with these assets at inception and am excited to return and continue to grow them,” said Canes CEO and Co-founder Scott Brown, who previously served as president of Lucid I, a predecessor to Cogent Midstream.
2022-05-23 - “Matterhorn will provide premium market access with superior flexibility for Permian Basin shippers while playing a critical role in minimizing flared volumes,” WhiteWater CEO Christer Rundlof said in a release.
2022-05-16 - “This merger will allow both companies to benefit from the simplicity and scale of the combined entity going forward,” says Diamondback Energy CEO Travis Stice.
2022-06-27 - Denver-based DCP Midstream recently agreed to acquire the James Lake System from Woodland Midstream II, which increases DCP’s gathering capacity in the Permian Basin.