Ed. note: This three-part post series (Part II: Coal Issues tomorrow; Part III: Federal Lands Potention on Friday) is taken from testimony presented by Mary J. Hutzler on February 5, 2013, before the Subcommittee on Energy and Power, Committee on Energy and Commerce. The hearing was titled: American Energy Security and Innovation: An Assessment of North America’s Energy Resources. A summary of her remarks is here.

The United States has vast resources of oil, natural gas, and coal. In just a few short years, a forty-year paradigm that the U.S.  was energy poor has been reversed. The world’s mineral-energy resource base is enlarging, not depleting–and leading the way is the U.S. with private firms exploring and producing from private lands.

In December 2011, IER published a report entitled North American Energy Inventory that provides the magnitude of these resources for the United States, Canada, and Mexico.…

“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. To the naive mind that can conceive of order only as the product of deliberate arrangement, it may seem absurd that in complex conditions … adaptation to the unknown can be achieved more effectively by decentralizing decisions…. Yet that decentralization actually leads to more information being taken into account.”

– F. A. Hayek, The Fatal Conceit: The Errors of Socialism (1988), p. 76.

Stephen Chu, Secretary of the U.S. Department of Energy (DOE), announced last week his intention to step down once a replacement is found. His 3,800-word resignation letter should be critically studied by students of energy policy and, indeed, public policy more generally.

I offer ten critical points to bear in mind as Chu’s letter is read (other points can be added in the comments section).…

[Ed. note: This is the second in a continuing series at MasterResource, the first of which was published November 21st.]

The Alliance for Wise Energy Decisions (AWED) is an informal coalition of individuals and organizations who are interested in improving national, state, and local energy & environmental policies. Our basic position is that energy and environmental issues are technical matters that should be addressed by genuine science.

Instead of a science-based approach, our energy and environmental policies have become a playground, even a cookie jar, for those who stand to economically or politically profit from them. As a result, anything genuinely science-based in these policies is usually inadvertent and accidental.

A key element of AWED’s efforts is public education. Towards that end, we send out a newsletter every 2-3 weeks in the interest of balancing what the mainstream media too often conveys about energy and environmental matters.…

Part I yesterday addressed the drivers and flawed approaches to current energy policy in many developed Western countries. Part II today describes the rational approaches necessary to best position us to withstand all challenges/threats that face us, both known and unknown.

Time frames are an important consideration in assessing the various elements of sensible and feasible energy policy programs. Here are the periods used in this discussion, which are nominal in nature:

• Short term (Up to about 10 years) – In this time frame, major radical changes in our energy infrastructures are not advisable and should be avoided, because energy is so intrinsically bound up in everything we do. Ill-advised, extensive tinkering with these is dangerous to our well-being. Best use must be made of reliable and powerful energy sources which are consistent with existing energy infrastructures and uses.