Search Results for: "Milton Friedman"
Relevance | DateThe Moral Case for Fossil Fuels (book review)
By Jay Lehr and Sterling Burnett -- January 8, 2015 4 Comments“Epstein explains in philosophical terms how the public has been duped by the likes of Paul Ehrlich, John Holdren, Amory Lovins, and Bill McKibben for decades. Their real agenda has never been to save the world but instead to promote an idyllic view of nature untrammeled by humans. They have fooled the public into fearing fossil fuels, by focusing only on the risks of fossil fuel usage to mankind and nature, while ignoring all the benefits.”
In his new book, The Moral Case for Fossil Fuels, Alex Epstein makes one of the most compelling arguments for the moral value of fossil fuels and the need to increase their use that we have ever read. Although virtually everyone battling the anthropogenic global warming delusion takes a defensive position with regard to the world’s use of coal, natural gas, and oil, our so-called fossil fuels, Epstein recognizes that, as in sports, the best defense is a good offense.…
Continue ReadingThe American Energy Renaissance Act of 2014: Cruz/Bridenstine Revisited
By Robert Bradley Jr. -- January 6, 2015 1 Comment“[This legislation] will prevent federal regulation of hydraulic fracturing, facilitate the expansion of domestic refining capacity, improve processes to develop energy infrastructure, stop EPA overreach and its war on coal, force Congress and the President to approve any new EPA regulations that kill jobs, broaden energy development on federal land, open offshore exploration, expand U.S. energy exports, and dedicate additional revenues to debt reduction.”
“Only a crisis – actual or perceived – produces real change,” wrote Milton Friedman in the 40th anniversary edition of his classic Capitalism & Freedom (1962, 2002). The revered free-market economist continued:
… Continue ReadingWhen that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes the politically inevitable” (p.
John Hofmeister’s War on Oil (ethanol and methanol for the masses?)
By Robert Bradley Jr. -- October 13, 2014 No Comments“In terms of affordability, availability and scalability – methanol and ethanol are the best prospects to [displace oil in transportation] quickly.”
– John Hofmeister, quoted in John Holeywell, “Q&A: He Ran Shell Oil Co. – and He Thinks We Use Too Much Crude,” Houston Chronicle, September 19, 2014.
Milton Friedman once opined: “The two greatest enemies of free enterprise in the United States … have been, on the one hand, my fellow intellectuals and, on the other hand, the business corporations of this country.”
Enter T. Boone Pickens, crony capitalist extraordinaire. Enter John Hofmeister, former president of Shell Oil Co. (2005–2008), the Houston-based U.S. subsidiary of Royal Dutch Shell. [1]
Hofmeister maliciously titled his signature book, Why We Hate the Oil Companies: Straight from an Energy Insider.…
Continue ReadingBill Gates on “The Bet” (Julian Simon’s continued march into the mainstream)
By Robert Bradley Jr. -- August 7, 2014 8 Comments“Paul Ehrlich and John Holdren, take note. Look who is in the mainstream now! Julian Simon, step by step, is becoming the intellectual king of the sustainable development hill. First came Bjorn Lomborg. Then Paul Sabin. And now Bill Gates.”
Julian Simon, with his revolutionary theory of “the ultimate resource,” was far outside of the mainstream of sustainable development thought in his lifetime. But Simon’s marketing prowess and business acumen went to work, culminating in the most famous bet in the history of economics against Paul Ehrlich, John Holdren, et al. on the future scarcity of mineral resources in a more populated world.
Such is the subject of a recent book by Yale history professor Paul Sabin, titled The Bet: Paul Ehrlich, Julian Simon, and Our Gamble over Earth’s Future, which was reviewed by Bill Gates (see below).…
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