“Avoiding Blackouts: The Future of U.S. Energy Policy and Lessons Learned from the 2021 Texas Power Outage”
Producer of the documentary film Juice: How Electricity Explains the World
Author of A Question of Power: Electricity and the Wealth of Nations
Senior Vice President at Continental Resources
Jacki Pick Deason
Host/Producer of The Jacki Daily Show
View Robert Bryce’s presentation slides HERE.
View Blu Hulsey’s presentation slides HERE.
Return to the Energy and Climate Summit main page HERE.
Robert Bryce and Blu Hulsey discuss the lessons learned from the Texas electric grid disaster in Winter 2021, during which 700 Texans died and hundreds of billions of dollars in productivity was lost.
They argue the disaster was caused by overinvestment in renewables and a massive divestment in coal and nuclear.
In the years leading up to the blackouts, 66 billion dollars were spent by investors alongside 22 billion dollars in subsidies for Texas wind and solar projects. Over that period, the Texas energy grid lost 6.2GW of coal-generated electricity.
Both Bryce and Hulsey argue that America suffers from “energy poverty,” and more consideration must be placed on an energy source’s reliability, which wind and solar alone cannot provide. Change and improvement will take time, as we currently lack the equipment, supply chains, training, and qualified personnel.
They recommend that state officials should pay attention to their grids and stop ignoring the cost associated with decreased reliability.