Ed. note: Geologist and petroleum engineer Julián Salazar Velásquez, with nearly a half-century in the Mexican and Venezuelan oil industries, is a leading educator and proponent of free market energy. In addition to numerous articles, his book Gerencia Integrada de Campos de Hidrocarburos (2020) is a primer on the oil industry value chain. His four-part summary (see Part I, Part II, and Part III) ends today.

“I have two options: to remain silent in the last years of my life and witness the destruction of the world economy, as just happened in Venezuela. Or alert many to the threat to blessed living to avoid a repeat of destruction. In clear conscience, I opt for the second!”

The role that fossil fuels have played in the progress of humanity in four revolutions is undeniable:

• Mechanization with steam engines powered by coal;
• Massification of electricity, generated first by coal and later by falling water, oil, and natural gas
• Computing
• Digitization and artificial intelligence

The mineral energy story can incorporate another of the highly important indicators in the quality of life, such as agricultural and livestock development and food production.…

David Siegel is a man with a message. His Deep Optimism Manifesto spells out a new approach to viewing the world that is at once realistic and optimistic. Written last year, its message is timeless and timely. His opening quotation comes from Julian Simon’s essay in The State of Humanity, p. 642.

I am writing this in response to the Ecomodernism manifesto. It’s a group of smart people doing very important work to help improve the future for humanity and nature.

I think if they looked more into the science of climate change and the economics of abundance, they would arrive at Deep Optimism, a term coined by Matt Ridley, the rational optimist.

People who understand the economics of abundance don’t apply enough critical thinking to understanding climate and the natural world (Hans Rosling, Bjorn Lomborg, Peter Diamandis, Tyler Cowen, Steven Pinker).…

“Perhaps the most tragic aspect of Biden’s horrendous climate policy is that not only is there zero scientific evidence that it will have any significant impact on world carbon emissions or global temperatures, the scientific evidence is strong that global warming is not harmful and instead is beneficial.”

President Biden’s climate policy is not “the root of all evil,” but it’s close. Instead of improving the earth’s climate, it is causing or at least substantially worsening several economic and national security problems.

Biden’s climate policy seeks, as he stated during his campaign, “to end fossil fuel …” To do this, he is regulatorily strangling U.S. fossil fuel production.

Biden’s restriction of U.S. oil production has driven the price of West Texas Intermediate sharply higher. It was $51.56 a barrel in January 2020, when the economy was humming before the pandemic, and about $50 in December 2020, the month before Biden took office.…

This fortnightly Master Resource post excerpts energy and climate material from the Media Balance Newsletter, published every other week by physicist John Droz Jr., founder of the Alliance for Wise Energy Decisions. The complete MBN for this post can be found here.

Of special interest in this issue is The Deep Optimism Manifesto, by David Siegel, which pays tribute to Julian Simon and explains again the historical basis for his outlook and its implications for our future.

Greed Energy Economics:
Energy Prices in Europe Hit Records After Wind Stops Blowing
We cannot afford to stop and start society based on the wind blowing
The High Cost of Wind, Solar and Battery Systems in North East US
UK electricity prices now most expensive in Europe (largely due to renewables)
Greenflation: Household bills to soar by more than £1,500 a year, analysts warn
Solar Project Sale Reveals Green Energy Sorcery

Renewable Energy Health and Ecosystem Consequences:
Report: Rise of the Eco-Right
Missouri’s largest wind farm isn’t running at night for fear of killing endangered bats
Wind industry faces its own green dilemma: landfills
EV Battery Fires Won’t Keep Pols from Putting You in Them

Wind Energy:
Wind turbine nuisance test case starts in Australian Supreme court
Oregon farmers allege violations at wind turbine project

Nuclear Energy:
Small Nuclear Reactors Will Power Our Future
China prepares to test thorium-fueled nuclear reactor
Nuclear Fusion: U.S.…