“When the black day of August 15, 1971 arrived, we free-market economists predicted that shortages of all sorts of products would result from the price control…. On the day of the freeze, everything seem[ed] to be functioning smoothly, and so the general mood [was] one of euphoric success.”

“When Tricky Dick imposed Phase I in August, 1971, price inflation was proceeding at something like a rate of 4% per year. Now, after 4 1/2 ‘phases’ of varying degrees of price dictation, and continued monetary inflation by the government, we are suffering a price inflation rate of something like 10% per year.”

August 15, 1971, was the day that President Richard Nixon shocked the country, and indeed the world, with a price control order. Everything—all goods and services, as well as wages and interest rates—were frozen for 90 days.…

Many Denton customers were stuck with astronomical electricity bills under the green power “choice” plans.

Denton, Texas, population 140,000, located in the Dallas-Fort Worth metroplex, received national media attention for its $9,000 per megawatt hour ($9.00 per kilowatt hour) electricity price spike during the February 2021 Texas Freeze power crisis. 

Although not reported by the media as such, it was an unintended consequence of naive green dreams and “environmental justice” gone wrong.

“Green” Energy Planning

Home to two universities and a junior college, Denton is a Progressive Left city that:

• Banned fracking within its city limits (later reversed by Gov. Abbott)
• Contracted for 180 megawatts from the Blue Bell Solar Plant
• Recorded 40 percent renewables, partly by ending its contract with the now mothballed Gibbons Creek Coal Power Plant
• Built its own natural gas power plant (2018) to provide backup power to its customers and sell the excess into the ERCOT grid.

“Other than desperation, why would the commissioners have increased electricity prices to the point that Texans paid more for electricity in one week than they had for the last three years combined?…. At the heart of the PUC’s decision seems to be a belief in theoretical market constructs over actual markets.”

“At the time, the new PUC chairman, Arthur D’Andrea, noted, ‘I think we all expected that when we were in load shed we would be at $9,000.’ In other words, the commissioners did not care what market prices actually were. They were going to impose their vision on the market, regardless.”

The Electric Reliability Council of Texas (ERCOT) is a government agency advertised as a ‘nonprofit corporation.’ It is also a government planning agency, not a free-market institution, under the thumb of state legislators and regulators.…

“There are far too few heroes and far too many failures in the history of presidential energy politics.”

Who can claim to be a true energy President from a pro-consumer, pro-taxpayer, pro-free-market perspective?

Which U.S. heads qualify for an anti-energy label for violating economics 101–and endangering the health and welfare of all of us who rely on the MasterResource?

Of the 30 or so candidates in the Lincoln-to-Biden era (the first commercial oil well dates from 1859), just a few names compete for the best, while many more vie for the worst.

Two Best: Trump and Reagan

The best two from a classical liberal perspective are Donald Trump and Ronald Reagan. A third candidate just does not come to mind, certainly in the modern energy era.…