A calm has descended over the federal government’s initiatives in energy amid the furor over health insurance legislation. The respite is welcome, but the sturm und drang of clashing interests will resume in earnest after Congress’s summer recess. There is too much money on the table–our money–for the favor-seekers to ignore.

A Banana Republic?

Increasingly, it is clear that the initial cap-and-trade legislation was insufficiently opaque. Numerous analyses of Waxman-Markey (HR 2454) on this site and others have shown that the proposed cap-and-trade legislation will cost consumers dearly by raising the prices of electricity and gasoline, while ignoring viable sources of clean energy that have not yet found the key to the federal treasury.

With so much money at stake, each of the contestants (call them rent-seekers, some of them reluctant players in the political capitalism game) will attempt to gather up as much of the pot as possible.…

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Is the Climate Science Debate Over?…

MasterResource, the world’s premier free-market energy blog, began the day after Christmas and is seven months old. Views of 50,000 in our first quarter have been followed by 100,000 in the second quarter. Viewership near one thousand per day is not bad for a scholarly start-up–and much growth potential remains.

Our Model

We are a group blog on the very important and wide topic of energy, including climate change, which is all about energy. Our bloggers come from a variety of institutions, nonprofit and for-profit. We have backgrounds in political economy, economics, environmental studies, philosophy, and engineering. We are thinker-doers who are open-minded and part of a challenge culture. No smartest-guys-in-the-room problem here.

In the increasingly crowded blogosphere, there will be a flight to quality to group blogs that have a clear theme.…

Robert F. Kennedy Jr., president of Waterkeeper Alliance, posits in the Financial Times (July 19) that converting our fleet of coal-fired power plants to natural gas could be accomplished “practically overnight” and will have the effect of “jump-starting our economy….without the expense of building new power plants.” Thus did Kennedy express his new-found love of natural gas: It’s our “bridge fuel to the ‘new’ energy economy.” (Where have we heard that before–wasn’t that Enron’s tag line decade or two ago?)

Yet Kennedy’s proposal ignores the extremely high cost of fuel conversion (upwards of $100 million for a medium-size coal plant) and the added fuel cost to burn gas. He seriously mischaracterizes how an electricity market operates. And Joe Romm (Climate Progress) had added to the confusion by calling Kennedy’s proposal a “game changer.”…