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The Fossil Fuel Era: Still Young

By Robert Bradley Jr. -- June 13, 2023

Ed. Note: This post draws upon yesterday’s post, The Liberating Theory of Resourceship.

“[Darren] Woods’ comments indicate that ExxonMobil is very close to developing the technologies that will keep the United States the world leader in hydraulic fracturing and enable the U.S. to remain the world’s largest crude oil and natural gas producer for decades.” (Ed Ireland, below)

Peak Oil and Peak Gas beliefs never really die. They just go underground. Remember The Oil Drum website (2005–2013)? This central meeting place of the resource neo-Malthusians went kaput in the face of the oil and gas hydraulic fractionation boom. Such has been, is, and will be the case in a high-energy world not paralyzed by government intervention.

Rise and Fall

A Reuter’s story in mid-2013, “The Oil Drum Website Set to Close as Peak Oil Fears Vanish,” recounted the cycle of interest and decline.…

The Liberating Theory of Resourceship

By Robert Bradley Jr. -- June 12, 2023

Ed. Note: The subtle, insightful concept of resourceship is back in the news given ExxonMobil’s new-generation hydraulic fractionation technology, discussed tomorrow. The expanding hydrocarbon age, still young, is overwhelming political attempts to disrupt it at the expense of consumers, taxpayers, and liberty.

“If resources are not fixed but created, then the nature of the scarcity problem changes dramatically. For the technological means involved in the use of resources determines their creation and therefore the extent of their scarcity. The nature of the scarcity is not outside the process (that is natural), but a condition of it.”

– Tom DeGregori (1987). “Resources Are Not; They Become: An Institutional Theory.” Journal of Economic Issues, p. 1258.

“Those in the mineral-resource world think in terms of proved, probable, and speculative quantities. Should another category be added–resourceship–that would make such supply open-ended?

Shakedown! Climate Governance Initiative (UK)

By Robert Bradley Jr. -- June 7, 2023

“Our mission is to mobilise boards around the world to accelerate the net zero transition, guided by the World Economic Forum’s Principles for Effective Climate Governance.”

Politicized ESG alert for corporations. The Climate Governance Initiative (CGI), housed at the University of Cambridge (UK), wants to hose you down in the name of “saving the Planet.” Rather than debate climate alarm and forced energy transformation, CGI wants to assume it and race down Hayek’s Road to Serfdom, the Utopia being Climate Stability (or some such thing).

The UK Climate Governance Initiative is based on the following premise:

Climate change is a global emergency. Business has a crucial role to play in the necessary transition. Boards must take the lead on this.

Our Mission, Vision & Values (here):

Our mission is to mobilise boards around the world to accelerate the net zero transition, guided by the World Economic Forum’s Principles for Effective Climate Governance.

Nixon’s June 1971 ‘Clean Energy’ Speech

By Robert Bradley Jr. -- June 2, 2023

Chris Tomlinson (Houston Chronicle) Confesses Conflict of Interest

By Robert Bradley Jr. --

U.S. Exit of the Paris Climate Accord: Reasons Reverberate Today

By Robert Bradley Jr. -- June 1, 2023

Memorial Day 2023: Let’s Go!

By Robert Bradley Jr. -- May 26, 2023

Tomlinson on Texas Electricity: Houston Chronicle Editorialist in the Wrong Paradigm

By Robert Bradley Jr. -- May 25, 2023

EVs: Political Pushback (151 Republicans vs. Big Brother)

By Robert Bradley Jr. -- May 24, 2023

“California’s Duck Curve Hits Record Lows”

By Robert Bradley Jr. -- May 23, 2023