Energy Statism: R Street Hits New Low (carbon tax dead, so wind & solar lovefest today)

By Robert Bradley Jr. -- March 8, 2018 4 Comments

“R Street continues to live the lie of ‘engag[ing] in policy research and outreach to promote free markets and limited, effective government.’ Pricing carbon dioxide, replete with global tariffs (‘border adjustments’) and tax differentials (‘equity adjustments’), coupled with a government-forced transformation to (not so) ‘clean’ political energies, has nothing to do with classical liberalism, energy freedom, free markets, or limited-and-effective government.”

It had to happen.

With its Left Progressive donors, R Street Institute was going to march down the statist road as one initiative got replaced with another.

Founded in 2012 with climate-alarmist/Left money, R Street tried to shed into new free-market skin by pitching a seemingly soft proposal to substitute new/better government intervention for worse/existing intervention. Specifically, replace existing climate regulation with carbon-dioxide (CO2) tax-and-dividend. That was during the Obama era, assumed to turn into the Hillary era.…

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T. Boone Pickens: Contra-Capitalist (a ‘man of system’ sought more fame and fortune)

By Robert Bradley Jr. -- January 31, 2018 7 Comments

“The two greatest enemies of free enterprise in the United States … have been, on the one hand, my fellow intellectuals and, on the other hand, the business corporations of this country.”

– Milton Friedman. “Which Way for Capitalism?” Reason, May 1977, p. 21.

“To put it plainly, T. Boone Pickens is out to save America.”

– Carl Pope (Sierra Club). Quoted in Dean Calbreath, “Pickens Pitches Plans to Shift U.S. Away From Oil,” San Diego Union Tribune, June 25, 2008.

They are not against capitalism. They can be very charismatic, in the know, and mainstream. They may be industry leaders. They are always politically correct and receive good press. And they can, often do, pledge allegiance in the abstract to the American way of free enterprise.…

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ExxonMobil’s Tillerson on Wind and Solar Subsidies (an argument to remember)

By Robert Bradley Jr. -- September 21, 2017 6 Comments

“If I wanted to kill [tax subsidies], the thing to do is for Exxon Mobil to go and invest heavily in [wind and solar] and then Congress would immediately cancel the tax subsidy. Actually what they would do is they would just cancel it for us…. So we are not going to go into investments that are dependent on a government providing a tax system to make them viable.”

– Rex Tillerson, Quoted in Russell Gold, “Exxon Mobil: We Like Renewable Energy Subsidies. Wink, Wink.” Wall Street Journal (March 6, 2009).

Last week at MasterResource, I posted on current US Secretary of State Rex Tillerson’s 2013 views on climate science in light of consumer energy needs. He referenced the pause in increasing global temperatures in light of rising concentrations of greenhouse gas concentrations.…

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California Needs a “Spec” Water Market, Not Contrived Markets

By -- July 25, 2017 1 Comment

“The most obvious function that people overlook when criticizing speculators is their ability to head off shortages”

— Andrew Beattie, “Market Speculators: More Help Than Harm,”

Imagine a recessionary market for housing or land where no one is selling, a periodic event here in California. At such times, a group of speculators is always ready, willing, and able to buy in this thin or virtually nonexistent market.

The situation is similar during water droughts (which occur in four of five years on average), when few if any farmers or cities want to sell water at wholesale.

Nonetheless, economist Matthew Fienup of California Lutheran University proclaims that the first so-called groundwater “market” has been established in the agricultural groundwater basin of the Oxnard Plain in Ventura County (“How California Got Its First Groundwater Market,” Water Deeply, June 27, 2017).…

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Why We Fight (Part I: AEA Is “Big Liberty,” Not “Big Oil”)

By -- June 20, 2017 No Comments Continue Reading

Michael Lynch Interview (new book reviews, refutes ‘Peak Oil’ scare)

By Robert Bradley Jr. -- March 28, 2017 4 Comments Continue Reading

Monhegan Island Offshore Wind: New DOE Should Decline $40 Million Subsidy

By Jim Lutz -- March 14, 2017 4 Comments Continue Reading

DOE-designate Perry’s Windy Past (Texas, per-Enron, a wind welfare queen)

By Robert Bradley Jr. -- December 14, 2016 16 Comments Continue Reading

T. Boone Pickens: Still More from the ‘Man of System’

By -- May 18, 2015 5 Comments Continue Reading

Political Capitalism as a Distinct Economic System

By Randall Holcombe -- March 20, 2015 5 Comments Continue Reading