Why Every American Needs to Watch FrackNation

By Alex Epstein -- January 29, 2013 4 Comments

The main thing you need to know about FrackNation is that you should watch it. More importantly, given that this blog’s audience is unusually educated about hydraulic fracturing–frac’ing–you should encourage friends and family to watch it.

The use of hydraulic fracturing and (less-publicized) horizontal drilling to extract oil and gas from shale rock is, to the best of my knowledge, the most important technological revolution of the last decade. The existence of enormous deposits of shale has long been known–some of the earliest experiments with kerosene involved shale–but the ability to affordably get oil and gas from these deposits has been elusive for over a century. In Ayn Rand’s 1957 Atlas Shrugged, one of the heroes manages to solve the problem, and it is rightly regarded as an epic achievement.…

Teach the Children Well: Six Thinkers for a New Generation

By Robert Bradley Jr. -- October 5, 2012 14 Comments

“Unless we can make the philosophic foundations of a free society once more a living intellectual issue … the prospects of freedom are indeed dark.”

– F. A. Hayek (1949), Studies in Philosophy, Politics and Economics (1967).

MasterResource is a free market energy blog covering green jobs, climate-change policies, mineral-resource availability, and other political economy issues. Much of our analysis gets back to a realistic view of consumer-driven markets versus government intervention (and business cronyism behind much government intervention). And that gets to critical thinkers whose timeless contributions have shaped modern arguments about freedom versus coercion.

World views and critical thinking skills are formed early. Thus it is incumbent upon our high schools–public and private–to fairly present competing ideas so that students can appreciate contrast and better understand the “middle” of the debate.…

Three Philosophical Questions About Energy (Interview)

By Alex Epstein -- September 7, 2012 4 Comments

[Editor Note: This interview of Alex Epstein was conducted by Jordan McGillis, a graduate student at Seton Hall University. Mr. Epstein, a philosopher, has expanded the energy debate in recent years by adding a moral and interpretive dimension to classical energy-policy debates.]

1. It’s been objectively demonstrated that practices such as frac’ing produce abundant, affordable, and reliable energy, and yet, they are virulently resisted by much of the public. Why, despite the evidence of frac’ing’s value, is it, along with other productive practices, so loathed? Are there some underlying political or philosophical ideas at work here?

I think it’s important to make a distinction between the opposition of environmentalist leaders and the opposition of those duped by their claims. The vast majority of Americans would certainly embrace hydraulic fracturing if they understood what it did, how it works, and what the (remarkably small) risks are vs.

Positive News from AWEA: "Layoffs mount in U.S. wind power manufacturing plants this week"

By Robert Bradley Jr. -- August 20, 2012 7 Comments

“Unfortunately the [wind] industry has begun letting workers go up and down our American manufacturing supply chain…. Congress must [extend subsidies] now to give wind energy a stable business environment… to … save 37,000 American jobs by the first quarter of next year.”

– Denise Bode (AWEA), Press Release, August 9, 2012

“He who lives by a legalized sword, will perish by a legalized sword.”

– Ayn Rand, “The Moratorium on Brains II,” Ayn Rand Letter, 1971

The wind industry is imploding, and the American Wind Energy Association (AWEA) is providing the details. Suffice it to say that there will be no Jay Leno at the next AWEA confab.

With accumulating layoffs, extending the Production Tax Credit (PTC) is increasingly becoming too late. AWEA has been warming about 10,000 job losses by September 1, and now the number is 37,000 in the next seven or so months.…