Best of MasterResource 2009: This post originally appeared on September 5th.
Julian Simon (1932–98) is an inspiration to those of us here at MasterResource and, indeed, the whole capitalist movement. Indeed, it was he who characterized energy as the master resource and human ingenuity as the ultimate resource.
In honor of Simon, I have reproduced some quotations from his works and invite readers to add their favorite in the comment section.
…“The world’s problem is not too many people, but a lack of political and economic freedom.”
– Julian Simon, The Ultimate Resource 2 (Princeton, N.Y.: Princeton University Press, 1996), p. 11.
“There is only one important resource which has shown a trend of increasing scarcity rather than increasing abundance. That resource is the most important of all—human beings.
[Editor note: A previous iteration of this post was published on January 14th. Given the inaction of the Obama Administration on offshore drilling in the last year, part of a pervasive strategy to discourage carbon-based energy production and usage, this post, this question needs to be raised anew.]
From time to time, John Holdren has acknowledged that plentiful, affordable, reliable energy is vital to human well being. Indeed, there is no going back to an energy-poor world. (Remember: caveman energy was 100% renewable.)
America–and the world–need more carbon-based energy, not less. Wind and solar are inferior energies compared to the real thing that consumers choose and want more of–oil, gas, and coal.
Holdren on the Importance of Energy
When Holdren or Obama advocates policies that risk making energy artificially scarce or less reliable, these words can be used to argue for nonregulatory approaches to energy policy:
…“Virtually all of the benefits that now seem necessary to the ‘American way’ have required vast amounts of energy.
“The winds, turning more mills than ever before, pump water, grind grain, churn, and do a score of little tasks for a surviving domestic industry; but they list not to blow with enough regularity or violence to keep wheels spinning and mills going.”
– Walton Hamilton and Helen Wright, The Case of Bituminous Coal (New York: Institute of Economics/Macmillan, 1926), p. 3.
William Stanley Jevons’s The Coal Question (1865), the book that founded mineral economics, got it right on the limits of renewables for the machine age and the godsend of coal as a superabundant utilitarian energy source.
Previous posts at MasterResource have summarized Jevons’s 19th century wisdom on the primacy of coal (carbon-based energy); the limits of windpower; the limits of hydropower, biomass, and geothermal; and the paradox of energy efficiency.…