Milton Friedman famously remarked: “Concentrated power is not rendered harmless by the good intentions of those who create it.” But how can good intentions be squared with an Administration that plunders our taxes, energy resources, and the overall economy to satisfy select businesses (wind, solar, ethanol, battery) and an anti-industrial elite? They win, while we the 98 percent lose.

It is time for more Americans to learn about the real energy boom that the Obama Administration is trying to keep under wraps in major and countless minor ways. From this basis, baronyism and cronyism can be exposed and then expunged.

Our North American Energy Boom

An oil and natural gas boom is underway in the United States, born of horizontal drilling and hydraulic fracturing, or “fracing.” It has created tens of thousands of well-paying jobs directly, and hundreds of thousands more in hundreds of businesses that supply and support the industry and its workers.…

Bill McKibben, who has been called “the nation’s leading environmentalist,” is leading a movement to destroy the fossil fuel industry, which he calls “Public Enemy Number One.” This is the signature issue of his mega-popular organization 350.org under the names “Do the Math“ and “Fossil Free.”

As an energy researcher who knows the indispensability of the fossil fuel industry to my own life and billions of lives around the world, I am doing whatever I can to stop this movement.

My Debate with Bill McKibben

Earlier this month I publicly debated Bill McKibben in order to make the case that his quest “to cut our fossil fuel use by a factor of 20 over the next few decades” is pseudoscientific and suicidal.

Throughout the debate I stressed four points:

1. For the foreseeable future, fossil fuels are the indispensable source of the abundant, affordable energy that human flourishing depends on.

“We created a way of raising standards of living that we can’t possibly pass on to our children. It has to collapse, unless adults stand up and say, ‘This is a Ponzi scheme. We have not generated real wealth, and we are destroying a livable climate.’”

– Joe Romm, quoted in Thomas Friedman, Is the Inflection Point Near?, New York Times, March 7, 2009.

“Is there any more single-minded, simple pleasure than viewing with alarm? At times it is even better than sex.”

—Kenneth Boulding (1970), p. 160. [1]

Are free-market optimists the dumb ones who jump off tall buildings and report that everything is fine, even breezy, on the way down? Or are those who fear, rant, and make this analogy bungee-jumping with reality?

The optimists have been jumping off buildings ever since Robert Thomas Malthus’s An Essay on Population was published in 1798–and not hitting the ground.…

[Note this post is the most popular article ever published on Master Resource. It has been now been significantly updated. Go here to see the current version.]

Trying to pin down the arguments of wind promoters is a bit like trying to grab a greased balloon. Just when you think you’ve got a handle, it morphs into a different shape and escapes your grasp. Let’s take a quick highlight review of how things have evolved with wind merchandising.

1 – Wind energy was abandoned well over a hundred years ago, as even in the late 1800s it was totally inconsistent with our burgeoning, more modern needs for power. When we throw the switch, we expect that the lights will go on – 100% of the time. It’s not possible for wind energy, by itself, to EVER do this, which is one of the main reasons it was relegated to the dust bin of antiquated technologies (along with such other inadequate energy sources as horse and oxen power).…