[Editor note: This (unpublished) review of “Revisiting The Limits to Growth: Could the Club of Rome Have Been Correct After All?” by Matthew R. Simmons (1943–2010) was written by Bradley in 2000.
Tomorrow, Michael Lynch will examine the Simmons’s peak-oil advocacy. A third post will described the failed bets that Simmons made with John Tierney of the New York Times and with Bradley on the average price of oil in 2010. (Simmons bet on $200 per barrel or higher averaged over 2010–and lost resoundingly.)]
Matt Simmons founded the investment banking firm Simmons & Company International soon after the 1973 energy crisis to cater to oil companies. He first stepped out in a very public way by questioning official inventory statistics for oil. But then he took a decidedly controversial turn (and one that befuddled his longtime industry friends). …
For decades I have enjoyed the opinion-page editorials of the Wall Street Journal, both the unsigned editorials and the guest opinions. During the 1970s energy crisis, and today amid climate alarmism and the futile crusade to regulate carbon dioxide, the Journal has been a bastion of sound thought.
I was recently reminded of perhaps my favorite WSJ energy editorial of all, “Buffer of Civility,” published during the dark days of energy rioting in summer 1979 (yes, the U.S. experienced fuel riots from federal price controls that caused energy shortages). What brought this to mind was another WSJ editorial, “Sebelius’s Price Controls,” which reported on a 136-page price-regulating rule under ObamaCare–and this message to state governors from HHS Secretary Kathleen Sebelius
…urging them “to prevent unjustified and excessive health insurance premium growth.”
“Hey America! Are you ready to get wonky on global warming? After a year that started with fallout from the “Climategate” e-mail release, saw the cap-and-trade bill die in Congress, and ended with a gang of Republican climate skeptics winning House and Senate seats, global warming experts are going back to basics.”
– Darren Samuelsohn, “Climate PR Effort Heats Up,” Politico, December 31, 2010.
And so we now know. “Environmentalists, scientists and lawmakers have renewed public relations efforts to put global warming plainly before Americans’ eyes and also rebut opponents who say nothing is happening.”
What? Nothing is happening? Who said that? Didn’t uber-alarmist James Hansen say the first rule of climate is that it changes–always has, always will. In his words:
…“Climate is always changing.