A Free-Market Energy Blog

The Craziest Regulatory Episode in US History: The 1970s Oil Reselling Boom

By Robert Bradley Jr. -- April 25, 2018

“When President Reagan decontrolled prices in January 1981, the regulatory arbitrage was over…. The strangest regulatory episode in US history was done.”

Economist Robert Murphy has summarized what I believe is the most unique, confounding, consequential regulatory episode in American history in his piece: “The Crazy Crude Oil Price Controls of the 1970s.” [1]

Yes, it happened some decades ago. But if you want to know why no economist in recent history has espoused price controls for crude oil and petroleum products, this experience rings loud today.

Basically, a large group of opportunistic middlemen seized profits that federal price and allocation regulation kept from the rightful industry parties (wellhead producers, in particular). It is the story of the unintended consequences of government intervention. Or entrepreneurial gaming in the face of regulatory constraints (with positive social outcomes in this case)–what Israel Kirzner called superfluous entrepreneurship.

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Unstoppable Change, Stasis, and Climatism

By Charles Battig -- April 24, 2018

“Thousands of years of climate adaptation by untold numbers of biological species is now viewed by climate alarmists as an obsolete process, as they assume that the global climate environment has reached its ultimate optimum state of ‘now’.” 

The most recent rebuttal by Rob Bradley to a “Climate Alarmist at R Street” included reference to “change” as a primal fear among the environmental alarmists. Stasis, indeed, is a defining characteristic of the Malthusian, deep ecology worldview held by many natural scientists working in academia.

Inherent in our earthly existence is change. Change characterizes all physical entities on some time scale. Order succumbs to disorder, unless work is expended to mitigate it, at least according to the law of entropy. Yet climate is held to a pseudo-spiritual standard of enduring timelessness and unchanging behavior.

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Energy & Environmental Newsletter: April 23, 2018

By -- April 23, 2018

The Alliance for Wise Energy Decisions (AWED) is an informal coalition of individuals and organizations interested in improving national, state, and local energy and environmental policies. Our premise is that technical matters like these should be addressed by using Real Science (please consult WiseEnergy.org for more information).

A key element of AWED’s efforts is public education. Towards that end, every three weeks we put together a newsletter to balance what is found in the mainstream media about energy and the environment. We appreciate MasterResource for their assistance in publishing this information.

Some of the more important articles in this issue are:

Why some rural communities are fighting back against wind development

Wind turbines delivering next to nothing to grid despite hysteria

Environmental activists ignore energy security realities

America’s Next Energy Crisis

Short video: Overcoming Bias in Energy Conversations

The World Bank’s anti-energy policy betrays its core development mission

Offshore Wind States: Beware

Wind Projects Worry Federal Meteorologist

Environmental justice and the expanding geography of wind power conflicts

Duke Energy Considering Extending Nuclear Plant Life to 80 years

Study: Wind turbines impact bat activity, leading to high losses of habitat

Study: Gone with the Wind – Wind Development and Raptors

All wind energy avian mortality research and reporting is just deception

Solar panels could be a source of GenX and other perflourinated contaminants

Study: Model falsifiability and climate slow modes

IPCC report deleted uncertainties about human caused climate change

Climate Change, Catastrophe, Regulation and the Social Cost of Carbon

Climate Change Wackos Exposed in California Court

Four Questions on Climate Change

DDP: Ten Key Questions about Climate Change

A Challenge to the American Planning Association (re Sustainability)

Startling New Discovery Could Destroy Global Warming Doomsday Forecasts

Scott Pruitt – Warrior for Science

Crushing the Global Warming Cult at the EPA

Inventory of U.S.

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Exchange with a Climate Alarmist at R Street: Part II

By Robert Bradley Jr. -- April 19, 2018
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Exchange with a Climate Alarmist at R-Street: Part I

By Robert Bradley Jr. -- April 18, 2018
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Josiah Neeley Rejects a Carbon-Dioxide Tax and Wind Power

By Robert Bradley Jr. -- April 17, 2018
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Predicting New Oil Field Discoveries: Institutional Realism over Simple Extrapolation

By -- April 16, 2018
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Attack on Tom Stacy: “No Good Deed Goes Unpunished” (anti-wind effort smeared by crony environmentalist)

By Robert Bradley Jr. -- April 11, 2018
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China’s Coal-for-Coal Substitution (CERA’s Zhou explains what the US press does not)

By Robert Bradley Jr. --
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Deep Ecology Applied to Hydraulic Fracturing (Nikiforuk goes strange, again)

By Robert Bradley Jr. -- April 10, 2018
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