The Energy Trolls

Since I began blogging here I have been humbled by the reaction of most readers to what I have to say.

Even if I had spent my whole career covering renewable energy, I’m just a writer. You all are the experts. You’re the business professional on the firing line. You’re risking your money and reputation for this industry – and its success.

Some of you are working on issues of the smart grid. Others are working on geothermal, or ethanol, or wind energy projects. Some of you are in the area of finance, others installation, some sell and some build. Some of you are in the service side of the business, some are in research. Some of you buy and own your own power sources.

But all of you have to deal with what I call energy trolls, people who are skeptical to the point of cynicism over the prospects of renewables, who bring up Jimmy Carter’s cardigan sweater every chance they get and insist we have no viable choices other than fossil fuels – “clean coal” (which may not exist), “new natural gas” (which may destroy water tables), the hope of some new “elephant” find under the shrinking Arctic and Antarctic ice caps.

I don’t understand these people. Evidence of global warming doesn’t sway them. (It’s all a conspiracy.) Evidence of rising prices doesn’t sway them. (Drill, baby, drill.) Wars and what some (including me) see as the perversion of our values don’t sway them. (It’s all politics.)

When push comes to shove, they come out to frustrate change. As Stephen Hayward of the American Enterprise Institute told the San Francisco Chronicle, “Brown energy creates jobs and prosperity.”

In the short term he’s right. That’s what’s most frustrating. As fossil fuel supplies decline, their price rises – so long as most of our capital is funneled in that direction. We march right up the cliff until we run out. But don’t worry, it’s just your grandchildren who fall off. Hayward and his pals will be long-dead then.

Renewable investment, on the other hand, will always carry some risk: Technology risk, risks from competition (especially overseas competition) and risks of changing government policies. And initially the supplies we get from renewables can’t begin to compare with what we can get from “brown energy.”

Dollar for dollar, you’ll get a better return of BTU’s going brown than green for some time. You don’t have to rebuild brown infrastructure. You don’t have to change the way the grid works. You just find stuff, move it, and burn it. And in the long run, we’re all dead.

What’s strange about this argument, to me, is you could easily have made it 40 years ago against many areas of technology we take for granted. Ted Turner was called a fool for thinking he could make money bouncing the signal of an obscure Atlanta TV station off a satellite. Ken Olsen of Digital Equipment Corp. insisted there was no market for a personal computer. Many financial analysts questioned whether Intel or Texas Instruments could find markets beyond toys and gadgets for microprocessors and digital signal processors.

New technology always has skeptics. But when new technology meets a market that’s ready for it, it blows through the “s” curve of demand – suddenly everyone has an iPhone and a Facebook account.

The fact is that today the people are ahead of the market. Four in five of us like solar energy, three in four of us like wind energy, even though most of us can’t yet find or afford solutions. The real market for solar remains small, a niche when compared with other forms of energy.

Niches are always risky.

Back when I first came to Atlanta, I was given a “high tech” beat and, convinced computing was the way to go, I bought my own PC. I lugged that PC back-and-forth to work for months, along with a dot-matrix printer and 300 baud modem. Soon I was doing the work of three men, and feeling pretty cocky about it.

What did my boss do? He fired me and hired three people who wouldn’t make trouble. Being right doesn’t mean you’ll find smooth sailing. It’s no insurance against setbacks. It won’t stop the trolls.

We just have to keep moving forward.

Previous articleWhy Less is More: How Thin-film Manufacturing is Finding Momentum
Next articleChina, Congo Sign US367 Million Hydropower Deal
Dana Blankenhorn has covered business and technology since 1978. He covered the Houston oil boom of the 1970s, began making his living online in 1985, and launched the Interactive Age Daily, the first daily coverage of e-commerce, in 1994. He has written for a host of off-line and online publications including The Chicago Tribune, Advertising Age, and ZDNet. He has covered PCs, networks, telecommunications, cable technology, Internet commerce, the Internet of Things, Open Source and Health IT, He began covering alternative energy at his personal blog, Danablankenhorn.com, in 2007.

No posts to display