[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).…

“As the Democrats become more committed to, and defined by, a green agenda, and as they become dependent on money from high-tech venture capitalists and their lobbyists, it becomes harder to describe them as a party for the little guy — or liberalism as a philosophy of distributive justice.”

– Charles Lane, “Liberals Green-Energy Contradictions,” The Washington Post, October 15, 2012.

Governor Mitt Romney strongly supports North American energy independence as the foundation of renewed U.S. employment and prosperity. There is much needed to fill-in the blanks, but the challenger’s guiding philosophy promises real reform. Free-marketeers, playing defense for the last four years, and during a lot of the Bush Administration too, actually have a chance to play offense should Romney prevail.

President Obama is waging a three-front war on hydrocarbon fuels in the spirit of Thomas Malthus, while promoting a jobless recovery in the name of John Maynard Keynes.…

When government tries to pick losers and winners, it typically picks losers. Why? Because in a free market, consumers pick winners to leave the losers for government.

The U.S. energy market is rich with examples. In the 1970s, synthetic fuel projects that went bust, and the Synthetics Fuel Corporation was terminated with much of its funds still unspent. In the same period, the California Energy Commission decided (see p.24) that methanol-powered (M-85) vehicles were the transportation future for their state. But advances in reformulated gasoline and onboard vehicle technology removed the benefits of converting natural gas, wood products, and coal into this transportation fuel. The methanol fad quietly went away.

EV Largesse: $2.2 billion

It seems like only yesterday that electric vehicles (EVs) were a pillar of Obama’s government-knows-best transportation strategy.…

Articles on this blog have consistently made the point that shale gas in the U.S. represents an unprecedented pathway to abundant, low-cost, clean energy supplies. In previous posts it was noted that unconventional gas resources, combined with new production technologies, could potentially break the global oil-natural gas price bond, just as has happened in the U.S.

Shale gas is now subject to active exploration in England, Australia, Poland, Ukraine, China, India, and to a lesser extent, South America. Canada has already moved to the development stage with its shale formations in British Columbia (Montney and Horn River). Mexico shares the prolific Eagle Ford shale formation with Texas, but its state-owned PEMEX has done little to develop that resource yet.

Other nations have rejected the gift of unconventional gas. Romania and Bulgaria, both heavily dependent on Russian gas, have said “no” to shale gas production, as has France.…