I have a strong distaste for companies or individuals who overpromise and underdeliver. Changing World Technologies (CWT) and their thermal depolymerization (TDP) technology is probably the poster child for companies that promised lots and delivered little. The hype was that they had the "technological savvy" to "turn 600 million tons of turkey guts and other waste into 4 billion barrels of light Texas crude each year." Further, they were going to "make oil for $8 to $12 a barrel." (See TDP: The Next Big Thing).

Of course as time went by, the hype unraveled. But not before the hype resulted in CWT getting earmarks for building their plant (money that went down the drain as documented here) as well as a tax credit inserted by Missouri Congressman Roy Blunt to specifically benefit CWT. That money came out of the pockets of American taxpayers, and could have been better utilized. But it was hijacked by CWT and their overpromises.

These are the sorts of implications that cause me to be very skeptical of companies that make seemingly far-fetched claims. I don't want technologies receiving legal and tax benefits because of hollow boasts. This is also the reason I have been critical in my assessments of some of the cellulosic ethanol claims made by ethanol evangelists like Vinod Khosla.

Some people think I am anti-ethanol. That is an oversimplification, and a misrepresentation of my position. I have nothing against ethanol as a fuel. It isn't as good a fuel as butanol, but then again we can't make butanol as efficiently as we make ethanol.

My objection is that I think the way we make ethanol in the U.S. is a big mistake, and we will recognize this eventually. It may happen following a drought in the Midwest that causes corn crops to fail. That may be what it takes before we recognize that recycling natural gas into ethanol via food was a terribly bad and short-sighted idea.

VentureBeat, a Silicon Valley-based site that focuses largely on venture capital (and venture capitalists), has been hosting a series of essays on California's Proposition 87, which will be voted on next Tuesday. The owner of Venture Beat, Matt Marshall, recently contacted me and asked if I wanted to provide some "No on 87" essays in response to Vinod Khosla's series of "Yes on 87" essays. My response to Matt was that I am ambivalent about passage, and so would not write a "No" essay. However, he said that if I wanted to write on alleged misinformation coming from the "Yes" camp, then that would be OK as well.

Background

Voters in California will go to the polls in November to decide the fate of Proposition 87, also known as the Clean Energy Initiative. However, the ramifications of this proposition have the potential to be felt nationwide. I have previously written a pair of essays on Proposition 87 that you can find here and here. My position is not so much that I am against Prop 87, and I am certainly not against the intent of Prop 87. But I do have concerns about the proposition, which are explained in my previous essays.

In response to my essays, Dr. Ana Unruh Cohen, former Rhodes Scholar and the Director of Environmental Policy at the Center for American Progress, asked if I would mind posting a rebuttal from her. Ana is certainly no stranger to the Peak Oil debate; her father was the person who got me seriously interested in the subject. I think most of us share a desire that we pursue responsible energy policy, and I believe that through a civil airing of diverse ideas we can better determine just what constitutes responsible energy policy. One of the things I find most enjoyable about debating these issues is that it gives me an opportunity to learn from others, and my views can evolve as a result of the things I learn. With those things in mind, I am happy to offer up her rebuttal to my previously mentioned essays on Prop 87.