The Institute for Energy Research (IER) and its advocacy arm, the American Energy Alliance (AEA), are in the news.
As reported last month in the Los Angeles Times, and more recently in Bloomberg Politics, IER/AEA are involved in the free-market directions that the president-elect and his team have followed to date.
One account described the founding of IER as follows:
The Institute for Energy Research was founded to be a clearinghouse for energy information in 1989 in Houston by Robert L. Bradley Jr., a speechwriter for Enron chief executive Kenneth Lay, who was later convicted of securities fraud.
Given that this association is part of the political conversation (Joe Romm started it in 2009: see below), and the continuing attention that is ahead for IER/AEA, I wish to revisit the historical record about my time at Enron that overlapped with IER.…
Editor Note: The post below, published at MasterResource in June 2009, has profound challenges for the notion that self-interested business underinvests in energy efficiency, giving a “market failure” rationale for government investments in and mandates for energy efficiency. This post introduced the term conservationism to differentiate government conservation from market conservation. It also documents the market failure of Joe Romm’s shuttered nonprofit, the Center for Energy and Climate Solutions.
…“Enter the energy outsourcing model of energy service companies (ESCOs) in the 1990s, widely heralded as a ‘new economy’ breakthrough and a new feature of ‘natural capitalism’. Enron Energy Services (EES), in particular, the energy outsourcing division of the late Enron, was the next great thing…. ‘ESCOs are DEFINITELY the future,’ exclaimed Joe Romm. ‘I intend to work with the big ones to transform the market, which I think will take about two or three years.’
“I have found that if we reframe the conversation to always focus on the full context of human flourishing, many people will be won over.” (Alex Epstein)
Fasten your seatbelts. This is the year of energy realism and elevating the politically incorrect, economically correct into the mainstream. Donald Trump energy policy promises to be free-market-oriented in a way that has been absent through recent Republican and Democratic administrations.
A leading voice for an energy/climate realism is Alex Epstein, a one-man dynamo for clear thinking in a field dominated by want it, think it, emote it … and it is.
In writing and by lecture, Epstein is ready to convince a Rotary Club or Prime Time America on the benefits of consumer-chosen, taxpayer neutral, economical, reliable energies. He will debate anyone anywhere–and should get more chances than ever in this new policy era.…