Wind Energy is Ancient (the infant industry argument for subsidies does not apply)

By Robert Bradley Jr. -- November 8, 2010

“The use of wind power is as old as history.”

– Erich Zimmermann, World Resources and Industries (New York: Harper & Brothers, 1951), p. 62.

The day after the election, the New York Times cutely titled an editorial, “New Energy Outfoxes Old in California.” The Houston Chronicle dutifully reprinted it.

Problem is, what the Left sees as new energy is really ancient, and what is seen as old is really new. Coal, oil, and gas are several hundred years old; renewable energies are as old as human time. Solar and wind and falling water and burning plants–renewables all–are caveman energies.

This textbook from 1838 (is this old enough for you, New York Times?) explained the problem with wind, a problem that is at the center of the debate 172 years later.…

Halloween Hangover: Ehrlich, Holdren, Hansen Unretracted

By Robert Bradley Jr. -- November 1, 2010

“If I were a gambler, I would take even money that England will not exist in the year 2000.”

– Paul Ehrlich, quoted in Julian Simon, The Ultimate Resource 2, (Princeton: Princeton University Press, 1996), p. 35.

“As University of California physicist John Holdren has said, it is possible that carbon-dioxide climate-induced famines could kill as many as a billion people before the year 2020.”

– Paul Ehrlich, The Machinery of Nature, Simon & Schuster, New York, 1986, p. 274.

In the name of science, Paul Ehrlich, John Holdren, and James Hansen (et al.) have made doom-and-gloom predictions about business-as-usual in an attempt to shock humanity into immediate legislative action and lifestyle changes.

It did not work. The elapsed predictions have failed to come to pass. Little wonder that new installments of climate alarmism, such as Juliet Eilperin’s “25% of Wild Mammal Species Face Extinction: Global Assessment Paints ‘Bleak Picture,’ Scientists Say, and Figure of Those at Risk Could Be Higher” in the Washington Post (October 7), don’t register with voters.…

Dear Peak Oilers: Please Consider Erich Zimmermann’s ‘Functional Theory’ of Mineral Resources

By Robert Bradley Jr. -- October 22, 2010

“… knowledge is truly the mother of all resources.”

– Erich Zimmermann, World Resources and Industries (New York: Harper & Brothers, 1951), p. 10.

The peak oil movement, now trying to turn itself into a pro-government-intervention political movement, draws the wrong conclusion by logically progressing from the wrong assumption.

This post revisits this wrong assumption: fixity. From mineral fixity, it is concluded that every act of production and consumption leaves less supply. In this Harold Hotelling world, costs must go up and prices must go up….

But going from the natural science, perfect knowledge, hypothetical world to the real world, just the opposite is true. There is not a fixed supply, known or unknown, from which extractions leave less supply for the future. Costs do not have to go up, and neither do prices.…