On the Fall of Enron and Ken Lay: ‘Philosophic Fraud’ at an Errant Energy Company (and cap-and-trade, renewables forerunner)

By Robert Bradley Jr. -- September 10, 2009 3 Comments

[Editor note: This interview with Rob Bradley from the April 2006 issue of The New Individualist, published by The Atlas Society, is reproduced for two reasons: 1) the role of Lay and Enron in launching the global warming debate within the energy industry in the late 1980s and 1990s; 2) the role of Bradley during his 16 years at the company brought up by critics of the Institute for Energy Research/American Energy Alliance.]

TNI: Why should Objectivists, libertarians, and individualists take an interest in the collapse of Enron and particularly in the fall of Ken Lay?

Bradley: Enron will prove to be one of the most important episodes in the history of American business, and its story, from beginning to end, is inseparable from Ken Lay, its founder and long-time chairman.…

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More Deceit from Climate Progress, Center for American Progress (Is Joe Romm shooting himself in the foot?)

By Robert Bradley Jr. -- August 25, 2009 5 Comments

“Sorry to bother you with this. See the attached pieces. Rob [Bradley] is obviously not a fan of renewables or the global warming issue.  Unfortunately, he works for a company that is.”

– Tom White (CEO, Enron Renewables Energy Corp.) to Ken Lay (CEO, Enron Corp.), June 8, 1998

Joe Romm, for the fifth time (the previous four are here, here,  here, and here) has purposely obscured the record of my association with Enron in an attempt to discredit the Institute for Energy Research. I founded IER in 1989, in fact, to give myself an independent voice in the energy policy debate. And I used IER to challenge my employer Enron on the issues of climate alarmism and government-dependent renewable-energy investments.

Here is Romm’s headline from yesterday’s Climate Progress:

The latest polluter front group trying to kill the clean energy bill is overseen by a proud former shill for a man convicted on fraud and conspiracy charges

Romm’s angst is centered on the American Energy Express bus tour sponsored by the American Energy Alliance, which is affiliated with IER.…

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An Energy Obituary

By Robert Bradley Jr. -- July 18, 2009 No Comments

A death announcement last week in the Houston Chronicle caught my eye. I never met the late Stephen Simon, but what I read made me realize that the quiet heroes and heroines of free-market capitalism need to be saluted now and then. For they are the wealth creators and real philanthropists versus the political system’s wealth redistributionists and wealth destroyers.

Here is the essence of this man. An engineer. More than 40 years with a major energy company in a variety of advancing positions at home and abroad. Successful. Private sector philanthropist with his time and money.

And through it all, a “heroic capitalist” in the Smith-Smiles-Rand tradition (see Part I of my Capitalism at Work). A practitioner of Principled Entrepreneurship ™.

Think of what Julian Simon would have said about Stephen Simon (no relation): He created more than he consumed to leave us resource richer.…

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Energy as the Master Resource: Where Left, Right, and Center Agree

By Robert Bradley Jr. -- July 3, 2009 5 Comments

“A reliable and affordable supply of energy is absolutely critical to maintaining and expanding economic prosperity where such prosperity already exists and to creating it where it does not.”

– John Holdren, “Memorandum to the President: The Energy-Climate Challenge,” in Donald Kennedy and John Riggs, eds., U.S. Policy and the Global Environment: Memos to the President (Washington, D.C.: The Aspen Institute, 2000), p. 21.

Julian Simon (1932–98) is an inspiration to many of us here at MasterResource. Indeed, this blog is named for Simon’s characterization of energy as the master resource. In honor of Simon, I have reproduced some quotations from the vast literature on that theme.

The primal importance of energy is recognized across the political spectrum as the views of John Holdren, Paul Ehrlich, and Amory Lovins attest. Affordable, reliable energy is thus the starting point for public policy debate.…

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Enron and Waxman-Markey: Response to Joe Romm

By Robert Bradley Jr. -- July 2, 2009 9 Comments Continue Reading

Joseph Romm and Enron: More for the Record

By Robert Bradley Jr. -- May 8, 2009 7 Comments Continue Reading

Joseph Romm and Enron: For the Record

By Robert Bradley Jr. -- May 5, 2009 21 Comments Continue Reading

Getting Real: The Oil Majors Move Away from Political Energy (Government-dependent wind, solar are not ready for prime time)

By Robert Bradley Jr. -- April 9, 2009 5 Comments Continue Reading

Screwing Up the Auto Industry

By -- December 29, 2008 5 Comments Continue Reading

Those Energy Company Advertisements

By Robert Bradley Jr. -- December 27, 2008 5 Comments Continue Reading