Economic Efficiency, Not 'Energy Efficiency' (Economist Cordato parses a sacred cow)

By -- July 6, 2012 18 Comments

Energy efficiency and energy savings are considered to be intrinsically good. Politicians of all stripes sing the praises of less-is-more. Only one problem: this view is simplistic and wrong from the economic point of view.

Energy efficiency is so central to the current energy conversation that to criticize it is to take on the unenviable role of the contrarian or, as some have called me, the curmudgeon. In a recent paperRoy Cordato of the John Locke Foundation happily takes on the role of critic as he dissects energy efficiency as a policy goal.

Dr. Cordato states in part:

It seems that no matter what governments at any level do, from building buildings to formulating and implementing legislation, “energy efficiency” has to be a consideration…. The problem is that the term, as defined by those who embrace it as a policy guide, is focused strictly on saving energy even if it means sacrificing overall economic efficiency.

Continue Reading

Expanding 'Depletable' Resources: Solving a Paradox

By Robert Bradley Jr. -- May 9, 2012 7 Comments

The following was published at Econlib (Library of Economics and Liberty by Rob Bradley with the editorial help of David R. Henderson.

A website project of Liberty Fund, Econlib offers concise, online classical-liberal scholarship for “students, teachers, researchers, and aficionados of economic thought.”

Mineral resources, not synthetically producible in human time frames,1 are fixed in the earth. As each is mined, less supply remains, suggesting that cost and, thus, price must increase as production cumulates.

Yet, for virtually all minerals, the opposite seems to be true: As more is mined, more is discovered to be mined. Prices and costs do not inexorably rise. What was high-cost yesterday has become lower-cost, undercutting the perennial complaint that “the easy stuff has been found.” Overall, there seems to be little difference between minerals and general goods and services.

Continue Reading

Overcoming the Climate: The Case of Malaria

By Chip Knappenberger -- February 23, 2012 3 Comments

“Malaria already kills a million people a year and now, researchers fear, climate change could make the problem even worse.” –ABC News, April 1, 2011

“Based on the new numbers, malaria deaths have fallen by 32 percent since 2004, dropping from 1.8 million deaths worldwide to 1.2 million in 2010.” –ABC News, February 3, 2012

Malaria has been long postulated to benefit from rising global temperatures and is included near the top of most alarming lists of the bad things that will happen if greenhouse gas emissions limitations are not immediately put into place. And while this seems good in theory, real world data show little, if any, connection between climate change and malaria outbreaks. In fact, while the climate has been warming, malaria has been in decline—being beaten back by direct measures aimed at reducing the spread of the disease.…

Continue Reading

Are We Free Market Energy Types Just 'Bought and Paid For'? (New York Times, MasterResource weigh in on the bias question)

By Robert Bradley Jr. -- November 7, 2011 8 Comments

The public editor at the New York Times, Arthur Brisbane, recently wrote in his weekly Public Editor column about the trustworthiness of Robert Bryce, the nation’s leading energy journalist who has graduated to being a top energy public policy scholar, period. (Hard work, smarts, attention to detail, and open-mindedness earns the latter designation.)

In The Times Gives Them Space, but Who Pays Them? (October 29, 2011), Brisbane laid out a controversy that is worth reviewing. The question is: Does a writer’s paid association disqualify him or her as a reliable source of public policy analysis and opinion?

Here is how Brisbane asks and answers it.

PEOPLE don’t just argue about what is written on the Op-Ed page of The New York Times. They argue about who is doing the writing and why.

Continue Reading

The Great Energy Resource Debate (Part II: Neo-Malthusian Alarmism)

By Robert Bradley Jr. -- May 13, 2011 6 Comments Continue Reading

The Great Energy Resource Debate (Part I: Peak Oil was … is here!)

By Robert Bradley Jr. -- May 12, 2011 8 Comments Continue Reading

Remembering the Birth of Conservationism (Part I: President Nixon's price controls, not Arab OPEC, produced energy crisis, demand-side politicization)

By Robert Bradley Jr. -- May 2, 2011 3 Comments Continue Reading

'Hey America': 'Wonky' Climate Alarmism Coming at You (Big Science, Big Environment want to scare you into energy, economic retrogression)

By Robert Bradley Jr. -- January 4, 2011 2 Comments Continue Reading

Remembering a Biased Energy Encyclopedia (2004 Review of the “Hummer” 6 Volume Set)

By Robert Bradley Jr. -- June 5, 2010 4 Comments Continue Reading

What Real Scientists Do: Global Warming Science vs. Global Whining Scientists

By David Schnare -- March 16, 2010 17 Comments Continue Reading