“We build into our automobiles more power and greater gas consumption than we need. We use the press and radio to push the sales of more cars. We drive them hundreds of millions of miles a year in pursuit of futility.”

“With the exhaustion of our own oil wells in sight … much of our resource capital has been used up, but we still have our yacht, our stable of horses….”

– William Vogt. Road to Survival (New York: William Sloane, 1948), p. 68.

MasterResource documents the historical record behind the grand energy debate from the vantage points of business, economics, political economy, and history. What was said? When? Why? And to what effect?

One aspect of the debate has been the difference between natural market efficiency/conservation versus its political offshoot,  conservationism, defined as the belief that less usage is per se a moral good or economic necessity.…

Last week, I recognized twelve individuals associated with free-market, classical-liberal energy analysis and advocacy. Here is a second “tribute” to those who have labored against the mainstream of Malthusianism and energy statism–and now find themselves with new opportunities to formulate, summarize, and promote pro-consumer, taxpayer-neutral energy policy.

This list is in alphabetical order. It is subjective and hardly exhaustive. Other candidates (such as the present writer) could also be included–and could be in a future iteration.

ROBERT BRYCE is a force for energy realism. His highly readable, well researched books (three on energy, two on energy-related cronyism) are joined by highly effective opinion-page editorials in leading publications, such as the Wall Street Journal. A convert to the free-market beginning with his third book (from a politically correct all-of-the-above energy view), Bryce has  reached progressive audiences with a message that renewable energies are quite imperfect substitutes for dense mineral energies.…

“We in the petroleum industry are not dismissing the global climate change issue. But I don’t believe anyone should have the moral authority to deny people the opportunity to improve their way in life by arbitrarily depriving them of the means…. I hope that the governments of this region will work with us to resist policies that could strangle economic growth.”

– Lee Raymond, CEO, ExxonMobil (2010) [1]

Think Progress (the successor to the Joe Romm-founded Climate Progress at the Center for American Progress) published a recent piece by Mark Hand, “Industry Opposition Leads ALEC to Withdraw Anti-Climate Resolution,” subtitled “Right-wing lobbying group fails to pass resolution targeting EPA finding.”

Some excerpts from Hand’s piece follow:

A secretive right-wing lobbying group failed to pass a resolution this week that called upon the Environmental Protection Agency (EPA) to withdraw its 2009 finding that greenhouse gases are endangering the planet.

“Today’s reserve and resource estimates should be considered a minimum, not a maximum. By the end of the forecast period, reserves could be the same or higher depending on technological developments, capital availability, public policies, and commodity price levels.”

“The implication for business decision-making and public-policy analysis is that ‘depletable’ is not an operative concept for the world oil market, as it might be for an individual well, field, or geographical section…. [T]he concept of a nonrenewable resource is a heuristic, pedagogical device—an ideal type—not a principle that entrepreneurs can turn into profits and government officials can parlay into enlightened intervention.”

This essay, published by the Foundation for Economic Education (FEE) in the November 1999 issue of The Freeman, was subtitled, “Today’s Reserve and Resource Estimates Should Be Considered a Minimum.”…