“Beginning in late 1926, the rapid development of the large Seminole field in Oklahoma made the pendulum swing the other way. Voluntary proration was first tried with little success. Local producers appealed to the Oklahoma Corporation Commission for compulsory action. Output of one‑half million barrels per day was driving prices down, which threatened many firms.”
Mandatory proration, a government intervention restricting open‑flow production to a predetermined “market demand,” began almost simultaneously in the sister oil states of Oklahoma and Texas in 1927. Other important oil states followed – except for California and Illinois that either practiced voluntary production cutbacks or none at all. [1]
California’s free-market position did not result from free-market ideology; it was the victory of integrated Standard Oil of California (now Chevron) over the dogged mandatory-proration lobbying of their non-integrated rivals.…
Continue ReadingI have previously written about climatologist Judith Curry‘s continuing challenge to politicized climate science. “One plus the truth equals a majority,” I subtitled Part I back in May.
MasterResource has also covered Climategate, in which emails appeared that contained such statements as “I gave up on Judith Curry a while ago. I don’t know what she thinks she’s doing, but it’s not helping the cause, or her professional credibility.” (Dr. Michael Mann, IPCC Lead Author, May 30, 2008)
The Grand Dame of Climate Science is maintaining her prolific output at Climate Etc, which now includes energy- and policy-related commentary. Her posts, and guest posts by others, are increasingly multi-disciplinary, questioning not only the trumped consensus of physical climate science but also the postmodernist notion of preferable, competitive “clean” energy.…
Continue ReadingThe Alliance for Wise Energy Decisions (AWED) is an informal coalition of individuals and organizations interested in improving national, state, and local energy and environmental policies. Our premise is that technical matters like these should be addressed by using Real Science (please consult WiseEnergy.org for more information).
A key element of AWED’s efforts is public education. Towards that end, every three weeks we put together a newsletter to balance what is found in the mainstream media about energy and the environment. We appreciate MasterResource for their assistance in publishing this information.
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Some of the most informative articles in this issue are:
Wind Energy Property Value Studies Summarized
Infrasound & Low Frequency Noise Can be Deadly
Favorable Court Ruling on 30-Year Eagle-Take Permits
30 Million Birds Annually Killed by Wind Turbines
Renewables drain our resources
Renewables Offer No Bang for Your Megawatt
Global Warming Alarmists Run Into Brick Wall Of Facts
Keeping it simple: the value of an irreducibly simple climate model
There are two debates about ‘climate change’
State Legislator’s Exceptional Letter on Global Warming
IPCC Sea Level Rise Projections Exaggerated
Note also there is a special section of several articles about the US EPA energy plan (like this)
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Greed Energy Economics
Wind Energy Property Value Studies Summarized
Green Mythology and the High Price of Electricity
How Climate Policies Affect Lower-Income Residents
California “green energy” measure fails to create green jobs
Stop the Money to Kill the Climate Treaty
The Heavy Price of Renewable Energy in NC
Electricity Supply – Driven by Politics at the Customers’ Expense?…
Continue Reading