“[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:

When 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.

“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.…

“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).…

“[The AERA] 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 4oth anniversary of his classic Capitalism & Freedom (1962, 2002). The revered free-market economist continued:

When 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.”