“People who pride themselves on their ‘complexity’ and deride others for being ‘simplistic’ should realize that the truth is often not very complicated. What gets complex is evading the truth. – Thomas Sowell
Imagine a self-described classical liberal that cannot define classical liberalism (a real free market) in their area of specialty. Imagine a self-described “directionalist” who cannot define the end-state. And imagine this person telling me, as her critic, “I will not dance to your tune.”
Political Economy 101 deals with the difference between a free market and governmental intervention. For months, I have begged this person to get to the essence of electricity policy, only to be rebuffed as ignorant and out of step. Meanwhile, this person traffics in hidden assumptions, deep jargon, rhetorical flourishes, and technicalities intended to obscure the fundamental questions.…
Continue Reading“The ‘wheels of justice turn slowly,’ but they indeed turned, even within the District of Columbia’s ‘uni-party.’ As for holding on to this victory, it is far from a slam-dunk for preserving consumer choice and free markets. I expect the struggle to escalate in Biden’s all-of-government war against natural gas and other fossil fuels.”
Beleaguered energy consumers were just handed a far-reaching victory by the United States Court of Appeals for the District of Columbia (DC Circuit). The ruling vacated a Final Rule from the U.S, Department of Energy (DOE) that would have banned the manufacture and sale of non-condensing boilers for use in commercial applications. DOE’s rule was challenged several years ago by natural gas interests–and later joined with a separate but similar case brought by the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).…
Continue Reading“Color me confused…. Henry Groppe Jr. missed badly with natural gas in the crucial 1980s. I thus invite anyone to challenge my account.”
Last month I visited the Permian Basin Petroleum Museum (highly recommended!) located in Midland, Texas. The exhibits and educational features–in room after room–were exemplary. I learned much and will continue to learn with each visit.
To my surprise, I saw a wall-size tribute to energy consultant Henry Groppe Jr., describing him as a successful, unique seer into the future of oil and gas. This surprised me. In my book Edison to Enron: Energy Markets and Political Strategies (2011), I covered the history of Transco Energy Company, of which Groppe was a board director and consultant with the ear of Transco CEO Jack Bowen. My story was quite different.…
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