“There remains much to do in 2018. But the crony energies–those dependent on special government favor–are on notice that their time may be running short. Consumers and taxpayers come first in a free and prosperous commonwealth.”
It has been a good year for the master resource and public policy in the United States. The Trump reset of energy and climate policy has been the most dramatic in history in terms of free-market orientation. Trump’s reversing the Obama administration is what Ronald Reagan did to the Carter Administration’s energy policy back in 1981–but more so.
At yesterday’s White House briefing, Sarah Huckabee Sanders reviewed some of the energy highlights of the year.
“As December winds down,’ she said, “I thought this would be a perfect opportunity to look back at what has been, by any measure, a historic year.” She continued:
Nearly 1.7 million new jobs have been created, and the unemployment rate has fallen to 4.1 percent, the lowest rate in 17 years.
Many readers of MasterResource are undoubtedly aware of the ‘Featured Analysis‘ blogs at the Institute for Energy Research (IER). I blog at IER (my employer) in addition to my MasterResource work.
Below, my posts at the IER website are linked. In addition, my ‘Political Energy‘ posts at Forbes.com are listed as a reference guide. Here are the links to my 2017 work for those interested.
“Kathleen Hartnett White: A Scholar for CEQ” (October 18)
“Scary Sea Level Rise? Check Your Science” (September 8, 2017)
“Al Gore’s Energy Problems” (August 25, 2017)
“Climate Optimism, Energy Realism for the Next Generation” (August 11, 2017)
“Milton Friedman on Energy” (July 31, 2017)
‘Deep Decarbonization’ vs. Direct-Use Natural Gas (July 14, 2017)
“James Hansen’s Failed Ultimatums: A Free Market, Anyone?” (July 6, 2016)
“Roots of the Paris Agreement Part III: Ken Lay and Enron” (June 13, 2017)
“Nationalization. Price controls. Shortages. Forced allocation. Currency inflation. More seizure. Punishment. Mass shortages. Hyperinflation…. All to stamp out private property and profit/loss exchange.”
The Progressive intellectual class does not quite know what to think about the carnage in Venezuela. They see the results and speak only of bad government–and even in this case lower oil prices for a government dependent on oil revenue.
The latest example comes from the New York Times (December 18, 2017). Yesterday, the so-called “newspaper of record” published a 12-page Special Report, “As Venezuela Collapses, Children Die of Hunger,” vividly detailing the total chaos and mass misery (outside of the government class) of a country that should be one of the most prosperous in the world.
This article’s pictures of malnutrition and death are followed by three titles:
‘Venezuela has the largest proven oil reserves in the world.…