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Guest: Russell Gold

Russell Gold is an award-winning investigative reporter and author who has been writing about energy since 1996. has dodged polar bears on Alaska’s North Slope, climbed a wind turbine in Oklahoma, and spent time on frac pads from Carrizo Springs to Fort Worth and Odessa to Carthage. He worked at the San Antonio Express-News before joining the Wall Street Journal, where he worked from 2000 to 2021. Gold has won multiple business-writing awards and was a Pulitzer Prize finalist for his coverage of the Deepwater Horizon oil spill and the electric line–caused Camp Fire in California. His 2014 book, The Boom, was long-listed for the FT Goldman Sachs Business Book of the Year prize. His 2019 book, Superpower, profiles Houstonian Michael Skelly’s attempt to build a very, very long extension cord. Gold joined Texas Monthly in 2021 to write about the business of Texas. He lives with his wife in Austin.

On Twitter: @russellgold

On the Web: www.russellgold.net

Russell Gold is featured in:

Latest

[Episode #206] – Regulatory Capture in Texas

Sep 6 2023

Mini Episode

As we have discussed in previous episodes of the show (like Episodes #73, #177, and #198), state regulators and legislators can be ‘captured’ by the industries they are supposed to regulate and wind up serving those industries instead of the public interest.

Usually, regulatory capture is a form of corruption: The system isn’t supposed to work that way, but certain interests can manage to corrupt it. In Texas, however, that kind of capture isn’t a bug—it’s a feature.

In this episode, investigative journalist Russell Gold of Texas Monthly shares what he found after tracking down hundreds of documents scattered across dozens of offices around the state. Not only does the chair of the Texas commission that regulates the oil and gas business personally earn royalties from some of the very oil and gas leases she regulates, so does her family.

We also check in on the progress that Texas is making—and not making—to prevent the kind of grid blackout that happened during the February 2021 big freeze. And we ask where the limits to corruption in Texas actually are, and how rank and file voters in the state feel about it. It’s a sordid story, but an important one to understand, because it reveals a lot about the power of the oil and gas industry in the US.

Geek rating: 2

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[Episode #145] – A Slow Take on the Texas Blackout

Apr 14 2021

Mini Episode

In the middle of February 2021, an Arctic cold front wreaked havoc on Texas, causing a blackout that plunged more than 4 million customers into darkness and cold during single-digit temperatures. The crisis led to the deaths of nearly 200 people and an estimated $50 billion changed hands, saddling millions of customers, including ones in neighboring states, with unexpected excess costs.

What happened in Texas is an incredibly complex story involving many factors, from a simple lack of weatherization, to flaws in the state’s electricity market structure, to failed governance. And untangling that story, and identifying ways to prevent such a crisis from ever happening again, is a complex task. To help us with it, we invited several Energy Transition Show alumni—journalist Russell Gold of the Wall Street Journal, professor Emily Grubert of the Georgia Institute of Technology, and legal scholar Ari Peskoe of Harvard Law School—to join us in a four-way conversation that explores all the angles.

Geek rating: 8

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[Episode #98] – Why Building Transmission is So Hard

Jun 26 2019

Mini Episode

Building high voltage transmission lines has never been easy, but now it’s arguably both harder than ever, and more necessary than ever, as we seek to unlock the vast potential of wind and solar in the US and ship it to major population centers. But it’s not a business for the faint of heart, as we’ll hear in this incredible story by award-winning investigative reporter and author Russell Gold of the Wall Street Journal. His new book, Superpower, chronicles the story of Michael Skelly, a developer who spent a decade and a great deal of money trying to build five major transmission lines in the US to support the burgeoning wind industry, only to be undermined, deceived, shot down, and ultimately driven to giving up, by people who opposed the lines for their own selfish interests. It’s an amazing story and a great cautionary tale for any prospective transmission line developer, as well as a wellspring of crucial insights that will benefit all who work in energy transition.

Geek rating: 3

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