[Editor note: Bryce’s Power Hungry, released today, is his second book on energy after Gusher of Lies and fourth book overall.]

In his brand new book Power Hungry, energy journalist and Austin apiarist Robert Bryce marshals many numbers to plainly show how modern culture exacts power from energy to save time, increase wealth, and raise standards of living. Bryce also dispenses common sense to citizens and policy makers for an improved environment, a more productive economy, and a more enlightened civil society.

Inspired by enegy writings of Rockefeller University’s Jesse Ausubel, and the University of Manitoba’s prolific Vaclav Smil, he makes the case for continuing down the path of de-carbonizing our machine fuels—a process begun two hundred years ago when we turned from wood to fossil fuels and huge reservoirs of impounded water.…

Editor’s note: As the United States commemorates the 40^th anniversary of Earth Day we can expect to hear various commentators bemoan the growth in population, consumption, and carbon emissions driven by fossil-fueled technologies. We will be told that this is unsustainable, that we are running out of resources, that prices are inevitably headed up, and, worse, that such consumption reduces both environmental and human well-being. In this worldview, industrialization and economic development are the inventions of the Devil; de-industrialization and de-development will be our savior.

In this series of posts, Indur M. Goklany will compare the above Neo-Malthusian view of industrialization, economic growth, and technological change against empirical data on human well-being from the age of industrialization. First, he will revisit the bet made in 1980 by Julian Simon and Paul Ehrlich on the direction of commodity prices, and examine long-term trends in the prices and affordability of various commodities, specifically, metals and food, going back to at least 1900.…

Last week in the Huffington Post, climatologist Dr. James Hansen made an impassioned plea to President Obama to ditch cap-and-trade and instead advocate a plan to tax carbon-based fuels with 100% of the revenues returned to households. This was not the first time. Hansen made the same pitch back in December 2008 in a letter to President-elect Obama. President Obama did not heed Hansen’s advice, keeping his wagon hitched to cap-and-trade, the policy darling of Big Green, U.S. CAP, and congressional leaders. But with cap-and-trade bogged down on Capitol Hill, Hansen argues, his plan gives Obama “a second chance on the predominant moral issue of this century.”

Hansen made the case for “tax-and-dividend” in testimony before the House Ways & Means Committee on February 25, 2009. I commented on Hansen’s testimony a week later on MasterResource.…

My post the other day on nuclear power prompted a number of comments – most of them hostile.  Because the comments offered were fairly standard-issue arguments that one often hears in the debate about nuclear energy, it’s worth surveying them seriously.

Markets Schmarkets

One argument often heard is that market actions are not indicative of economic merit.  Rod Adams, for instance, writes: 

Markets dominated by people whose only motive is making more money are not the best decision makers – the people making the decisions in that situation will often decide to influence the law of supply and demand by keeping their hands on the levers that they can use to keep supply restrained. If their hands are “invisible” it is because they work at keeping them hidden or because observers and academic study producers do not work very hard to find them.