M. A. Adelman on Resourceship (Part II)

By Robert Bradley Jr. -- May 13, 2014 2 Comments

“The distinction between renewable and non-renewable resources is tenuous and perhaps in the last analysis untenable.”

– M. A. Adelman, The Economics of Petroleum Supply (Cambridge: The MIT Press, 1993), p. 66.

M. A. Adelman, profiled yesterday, was an empirically driven energy economist. He was not a Malthusian because the data suggested otherwise. He found with petroleum what Julian Simon found in the the family of mineral resources.

Adelman’s writings richly describe the way to understand the paradox of expanding depletable resources. He emphasized that oil was a fungible, global commodity, and improving knowledge can overcome diminishing returns in different regions and certainly globally.

And Adelman captured a point that Alex Epstein today stresses: that oil is not a ‘natural resource’ but a man-made one, from finding the treasure in the ground to refining the raw material into useful human products to transporting the inputs to delivering the outputs to points of human consumption.…

Continue Reading

Common Core’s Climate Indoctrination

By James Rust -- April 21, 2014 8 Comments

“Our science programs should stimulate students to have an inquiring mind–the very opposite of the science-is-settled, “consensus science” mindset. Obama’s Common Core is a Trojan Horse mixing propaganda with science for our youth…. [Such] one-size-fits-all learning smacks of collectivism in place of individual initiative.”

At a Chicago fundraiser May 29, 2013, President Obama chillingly stated, “I don’t have much patience for people who deny climate change.”  At his swearing-in ceremony May 21, 2013, Energy Secretary Ernest Moniz declared he is “not interested in debating what is not debatable [in climate science].”  These remarks echo the long-standing assertion of climate alarmists that the “science is settled” in regard to the deleterious effects of fossil-fuel burning on global climate. The oxymoronic “consensus science” is another political sound bite in this genre.…

Continue Reading

James Hansen: Still More Good Energy Realism (just ignore his climate alarmism, world fee-and-dividend fix)

By Robert Bradley Jr. -- March 18, 2014 No Comments

“Hansen has distain for all-hat, no-cattle renewables, was the subject of two recent MasterResource posts: Is the Environmental Movement Net CO2 Positive? (James Hansen wants to know) and Energy Realism Amid Climate Alarmism: James Hansen Rides Again. It is nuclear or bust, if it is not already bust, according to Hansen’s energy math.” – Robert Bradley, “Game, Set, Match Fossil Fuels? James Hansen Sleepless in Ningbo,” March 13, 2014.

James Hansen continues to speak energy truth to Environmental Power about the primary of fossil fuels; the need for affordable, plentiful, reliable energy;  and the dead-end, the distraction, of renewable-energy forcing and mandated energy conservation. Here are some contributions to the energy reality debate from his March 13th testimony at the U.S. Senate Committee on Foreign Relations hearing, Keystone XL and the National Interest Determination:

“I am sorry that we scientists have not done an adequate job of communicating energy facts.”

… Continue Reading

“Julian Simon and the Triumph of Energy Sustainability” Revisited: Part II

By Sandy Liddy Bourne -- November 27, 2013 No Comments

“Greater energy consumption, higher economic growth, and more people are not increasing air pollution but reducing it in the world’s leading capitalist societies. More people mean more solutions …. What appears to be a paradox is really a Simon truism.”

– Robert Bradley, Julian Simon and the Triumph of Energy Sustainability, p. 85.

This concludes a two-part (Part I yesterday) look-back at the major points made in Rob Bradley’s 2000 primer on energy sustainability inspired by the worldview of Julian Simon.

Energy Affordability

“In terms of work-time pricing, conventional energy has become dramatically more affordable throughout this century … for electricity. The average U.S. worker needed over 20 minutes of labor to purchase a gallon of gasoline in the 1920s. In the 1990s a less polluting, higher performing, and more taxed gallon of gasoline cost a worker close to 6 minutes on average.…

Continue Reading

“Julian Simon and the Triumph of Energy Sustainability” Revisited: Part I

By Sandy Liddy Bourne -- November 26, 2013 1 Comment Continue Reading

Avian Mortality: Union of Concerned Scientists’ Negin Debunked in Real Time

By Robert Bradley Jr. -- November 25, 2013 10 Comments Continue Reading

The Regulatory Personality in Energy Markets

By Robert Bradley Jr. -- November 15, 2013 4 Comments Continue Reading

The New Renewables Narrative: Buyer Beware

By Marita Noon -- October 29, 2013 No Comments Continue Reading

The Positive Social Benefits of Carbon Dioxide

By Viv Forbes -- October 24, 2013 10 Comments Continue Reading

Energy Strategy: Begin with Density

By Jerry Graf -- August 21, 2013 6 Comments Continue Reading