“The man of system … is apt to be very wise in his own conceit, and is often so enamored with the supposed beauty of his own ideal plan of government that he cannot suffer the smallest deviation from any part of it…. [H]e seems to imagine that he can arrange the different members of a great society with as much ease as the hand arranges the different pieces upon a chess-board.”

– Adam Smith, The Theory of Moral Sentiments (1759).

A recent video is circulating where T. Boone Pickens ranted “I am the expert, not you” to land his point that falling demand, not increasing supply, is primarily behind the oil-price collapse. This outburst reminds me of the quote from the early 20^th century humorist Peter Finley Dunne: “It’s not so much what he doesn’t know that worries me, as what he does know that isn’t so.”…

Editor note: Yesterday’s post summarized The American Energy Renaissance Act of 2014, introduced by Senator Ted Cruz (R-Tx) and Representative  Jim Bridenstine (R-Ok) last year. Today’s post summarizes a model bill authored by the Institute for Energy Research/American Energy Alliance several years ago. The logic of free-market policy does not change but becomes stronger with time and change. But judge for yourself–and add (in comments) any suggestions you might have.

The Obama Administration has been implementing an anti-energy agenda since becoming President. For the last six years, Obama’s “dream ‘green’ team” has worked to increase the cost of traditional energy to reduce usage and try to make uneconomic consumer-rejected energy (wind, solar, ethanol, electric vehicles) more economic.

Even before Obama, multiple-hundred-page interventionist legislation has been signed time and again by Republican presidents.…

“The war on carbon energy, the carbon tax, the renewable energy targets, escalating electricity costs, and the voices in Parliament calling for Emissions Trading Schemes have all unnerved our big users of carbon fuels and electricity. Smelting and refining have become threatened industries in Australia.”

Progress on Climate Policy has been made in Australia with the repeal of the carbon tax, closure of the Climate Commission, and increasing skepticism about climate alarmism and related energy-market interventions. President Obama, beholden to radical U.S. greens, even took a shot at Australia’s climate pivot during his trip to the country last month, generating negative reactions from many Australians.

Nonetheless, ‘green’ policy in Australia has caused a good deal of industrial damage and business uncertainty that must be reversed with a full government commitment to climate realism and rational energy policy.…

Two weeks ago, the Texas Public Policy Foundation (TPPF) hosted a state-of-the-art climate and energy conference in the nation’s energy capital of Houston. The global warming establishment may have stayed away, but a large crowd was treated to a sound, multi-disciplinary review of the physical science, political economy, and resource economics.

The evening keynote for At The Crossroads: Energy & Climate Policy Summit was an address by Texas Governor Rick Perry. While Perry’s general public policy positions are free-market–and thus pro-consumer and pro-taxpayer–his energy security, don’t-import-but-export argument smacks of Mercantilism and U.S.-side protectionism. Furthermore, Perry pulled his punches regarding the conference’s major themes on climate and energy policy. It was a timid, uninspired keynote just when the momentum dictated going the other way.

Soft on Climate Propoganda

Perry could have, should have, reiterated the conference’s major themes: the 15–20 year ‘pause’ in global warming; lowered climate sensitivity estimates (and explanation for the same in the peer-reviewed literature); the desperate, speculative tie-in’s between anthropogenic climate change and extreme weather events (if there has been no warming, how can ‘climate change’ be involved?);…