“In my period at Cato (1990–present), “Renewable Energy: Not Cheap, Not ‘Green’“, is probably our most important Policy Analysis in the energy/environment area. Bradley’s thorough review and analysis (60 pages, 325 footnotes) was a real pushback against the viability of ‘green’ energy in theory and practice.”

– Jerry Taylor, Senior Fellow and Director, Natural Resource Studies, Cato Institute, 2012

On the fifteenth [25th] anniversary of “Renewable Energy: Not Cheap, Not ‘Green’” (yesterday’s post), I recall, with pride, a lot of hard work that went into supplying the author with information about California’s wind and solar experience.

At the time I was working in the belly of the beast, the California Energy Commission (CEC) in Sacramento. The Commission was a major proponent of all things renewable, almost to the point of fanaticism.…

“By facilitating decentralized coordination instead of imposing specific outcomes, the institutions designed in Texas became the most market-oriented in the country, and the most likely to be resilient and adaptive in the face of unknown and charging economic, technological, and environmental conditions.”

– Lynne Kiesling and Andrew Kleit, eds. Electricity Restructuring: The Texas Story (AEI: 2009), p. 3.

The Texas electricity debacle of February 2021 stands as the greatest failure in the history of the power industry–if not any other industry in America. Hundreds dead and many tens of billions of dollars in unnecessary expense led one system architect, Robert Borlick, to lament:

I have to admit, the ERCOT blackouts have shaken me. The amount of physical damage and human suffering they caused is astounding. Obviously, the ‘market’ failed to provide the service reliability that customers expected and deserved.

“Today, the libertarian Cato Institute releases its “Policy Handbook for the 104^th Congress,” a 39-essay proposal to dismantle the federal government…. The essay on energy was written by Cato camp follower Robert L. Bradley Jr. of Houston … president of his own energy think tank – well, OK, it’s small, more like a think bucket – called the Institute for Energy Research.”

How the energy debate has shifted in the last quarter-century–with the middle moving Left and the free market, classical liberal Right falling off the table. Today, the Green Party has been neutered by the Progressive (or Regressive, as Alex Epstein puts it) Left dictating the debate.

I was reminded of this upon encountering an old ‘Perspectives’ column from John H. Jennrich, the founder and editor of Natural Gas Week.…

“Maybe instead of investigating the relatively high price [in early 2002] of gasoline, the government should check into its own regulatory and tax policies that artificially reduce supply and raise prices.”

This piece was written in first-quarter 2002 when environmental requirements were pushing reformulated gasoline prices higher, and the wellhead oil boom associated with hydraulic fractionation and horizontal drilling was a decade away.

Today, the war against oil from the Net Zero movement–now joined by the Russia/Ukraine conflict–has sent prices to historically high levels. Still, a mostly free market has wondrously overcome impediments to make a “depletable” mineral plentiful and affordable for hundreds of millions of Americans each day.

Let’s go back to the debate 20 years ago, when gasoline was sold for $1.50 per gallon (about $2.50 today)….

Crude oil prices are at a 6-month high. …