“In the U.S. energy sector, market reliance has produced economic coordination, fostered economic growth, and democratized wealth. Government intervention, on the other hand, such as oil and natural gas price controls in the 1970s, has produced shortages, civil strife, and bureaucratic waste.”
Energy is the master resource. Without energy, other resources could neither be produced nor consumed. Even energy requires energy: There would not be usable oil, gas, or coal without the energy to manufacture and power the requisite tools and machinery. Nor would there be wind turbines or solar panels, which are monuments to embedded fossil-fuel energy.
Just how important are fossil fuels relative to so-called renewable energies? Oil, gas, and coal generate the electricity needed to fill in for intermittent wind and solar power to ensure moment-to-moment reliability.…
Continue Reading[Editor Note: Tomorrow’s post,”A Free Market Energy Vision,” explains the philosophy behind the Institute for Energy Research/American Energy Alliance.]
The New York Times is upset with “Big Oil,” including the advocacy group American Energy Alliance (AEA). This is evident in their Saturday opinion-page editorial, Big Oil’s Bogus Campaign, subtitled “Industry spends heavily to preserve tax breaks and blame Mr. Obama for rising gas prices.”
What is the philosophy behind AEA, what are the Times’s complaints, and what is a free-market response?
American Energy Alliance
The American Energy Alliance is the C4 (advocacy) arm of the C3 (educational) Institute for Energy Research. I am founder and CEO of IER.
AEA’s “About” section on its website reads as follows:
… Continue ReadingFounded in May, 2008, The American Energy Alliance (“AEA”) is a not-for-profit organization that engages in grassroots public policy advocacy and debate concerning energy and environmental policies.
“The Apollo moon landing was 42 years ago, and at the time many Americans thought it only a matter of time before they made their way to the next frontier. Is it simply that the problem of space travel is too difficult technologically? No–it’s that government policy has made it too difficult politically.”
Ever floated through space, 200 miles above the earth’s surface at a comfortable cruising speed of 17,500 miles per hour, while watching the earth whirl beneath you in a full revolution every 90 minutes?
Ever stood on the surface of the moon and gazed at the tiny blue-green ball where you had spent most of your life, nearly 240 thousand miles away?
Neither have I. To date, only a handful of super-wealthy individuals, paying enormous sums of money, have experienced the thrill of a trip into low earth orbit.…
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