‘Bradley: Gas, Oil Interests Invite Intervention’ (1996 book review revisited)

By John Jennrich -- May 24, 2016 2 Comments

Twenty years ago, Rob Bradley, then president and now CEO of the Institute for Energy Research (IER), published a two-volume, two-thousand-page history of hydrocarbon regulation, legislation, economics, and politics from the mid-1800s to the mid-1980s. Titled Oil, Gas & Government: The U.S. Experience, Bradley’s treatise puts many of today’s energy issues in historical context.

On April 1, 1996, I wrote about the book in the newsletter I founded and edited, Natural Gas Week. I started my column, dubbed Perspective, by quoting philosopher George Santayana: “Those who cannot remember the past are condemned to repeat it.”

Today, 20 years later, I would urge current legislators and regulators to consider the main takeaways of Bradley’s book before casting another vote or initialing another regulatory memo.

In his book, Bradley said that political motivations for government intervention are “narrow and self-interested, not necessarily in the common good and not necessarily representative of the citizenry.”…

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Thomas Edison: John Kerry Gets It Wrong (speechwriter fantasy?)

By Robert Bradley Jr. -- April 11, 2016 No Comments

“Citing the iconic U.S. inventor and businessman Thomas Edison, who is credited for building the first modern power station on lower Manhattan’s Pearl Street in 1892, [Secretary of State John] Kerry said Edison would view today’s deployment of clean energy technology as evidence that ‘an energy revolution that he dreamt about is actually underway’.”

Daniel Cusick, “Kerry Decries ‘Politics, Sheer Politics’ of Climate Denial,” ClimateWire, 

John Kerry probably has a speechwriter. And that speechwriter is no doubt trying to come up with some new angle to make an energy/climate point for the boss.

But if Kerry thinks that Edison was dreaming about wind and solar to generate (intermittent) electricity, I would at least like to know about the source. The dreaming might have been speechwriter/Kerry for Thomas Edison, not Thomas Edison for speechwriter/Kerry.…

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Dear Daniel Yergin: Give Alex Epstein the Microphone at CERAWeek

By Robert Bradley Jr. -- February 22, 2016 14 Comments

“If good and evil are measured by the standard of human well-being and human progress, we must conclude that the fossil fuel industry is not a necessary evil to be restricted but a superior good to be liberated.”

“We don’t need green energy–we need humanitarian energy.”

“The 2016 election presents us with a once-in-a-lifetime energy opportunity–and energy danger. There is no middle ground. There can be no more standing down. It’s time to stand up.”

– Alex Epstein, “At CERAWeek Fossil Fuel Leaders Should Make A Moral Case For Their Industry,” Forbes.com., February 18, 2016.

For many years, make that decades, I have noted Daniel Yergin’s political bias at the annual CERA conference here in Houston. Nonindustry speakers have routinely been climate alarmists and anti-fossil fuel proponents, picked from both the government and the nonprofit sector.…

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RFF Goes Nice on Renewables: Revisiting a 1999 Paper and Its Criticism

By Robert Bradley Jr. -- January 21, 2016 2 Comments

“Your paper inspired me to re-review some of the congressional testimony of the renewable interests to see whether the litmus test of success was a cost target or more generally, competitiveness and market penetration. I think it is clearly the latter.”

“Imagine the coach of a football team justifying a perennial losing record by telling the administration that his players are getting bigger and faster …. Surely the administration would respond—’yes, we know the general trend and our participation in it. But we want real victories, not moral victories’.”

– Letter from Robert Bradley to Dallas Burtraw, January 1999.

It was arguably the very top intellectual research paper to justify past and continuing U.S. government support for renewable energies at the time of its publication (1999). I had a chance to rebut, working at Enron (as director, public policy analysis) that was a financial supporter of Resources for the Future (RFF), as well as a business leader in renewables.…

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Solar Power: NOT an Infant Industry (Part II)

By Robert Bradley Jr. -- October 20, 2015 2 Comments Continue Reading

OPIC’s Charter Has Expired: Now Let’s Close It

By Ryan Young -- October 1, 2015 1 Comment Continue Reading

The Brave Judith Curry (Part II)

By Robert Bradley Jr. -- August 25, 2015 10 Comments Continue Reading

Exxon Mobil Rejects Crony Energy (Tillerson channels Lee Raymond)

By Robert Bradley Jr. -- June 18, 2015 4 Comments Continue Reading

“Energy Sustainability for the 21st Century” (2003 conclusions for today)

By Robert Bradley Jr. -- April 30, 2015 2 Comments Continue Reading

Political Capitalism as a Distinct Economic System

By Randall Holcombe -- March 20, 2015 5 Comments Continue Reading