[Editor note: This is a revision of a previous post at MasterResource last year. Part II highlights a federal free-market energy bill created for discussion by the Institute for Energy Research. Part III examines the Cato Institute’s (Jerry Taylor and Peter Van Doren) federal energy priorities.]
Energy is the master resource. Without it, other resources could not be produced or consumed. Oil, gas, and coal could not be replenished without the energy to manufacture and power the requisite tools and machinery. Nor could there be wind turbines or solar panels, which are monuments to embedded (fossil-fuel) energy.
And 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… Continue Reading“In the long run, [government] subsidies can stifle technological progress and retard true commercialization. If state-of-the art technologies find a market, some of the private incentive for further improvement is dissipated. The acceptable becomes the enemy of the better, because individual firms come to have a stake in present technology. Minor improvements will be made to stay ahead of the competition, but there is little motivation toward major steps away from a successful line of business. Once a basic design is established, it also becomes more difficult for federal research and development managers to support radically different approaches to the same problem. There is fear of appearing foolish, hesitation in seeming to second-guess prior decisions, concern about upsetting investment in the operating technology, and pressure to satisfy competing demands for funds to support marginal improvements to current practice.”
For two years now, I’ve made a case that climate alarmism – which I define as the reflexive tendency to assume worst-case scenarios generated by climate models are true (and warrant public policy based on that belief) – is in a death spiral.
Climate alarmists, I documented, were losing their fight for legislation, regulation, and public opinion. It’s clear that I was right on at least two counts: nobody thinks legislation to control greenhouse gases is on the horizon, and President Obama won’t even talk about climate change, preferring to hide the ball in talk about “clean energy,” instead.
The public is also turning away: a new Gallup poll, conducted in 111 countries, found that fewer Europeans and Americans consider climate change a serious threat than they did before.…
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