In an earlier post, I asked readers to consider four thought experiments regarding the reprioritization of our public-policy work on energy. Here is my response to your much-appreciated comments and a proposed path forward.
Thought Experiment 1. Let’s demote oil and climate change to secondary status as analytical issues.
To my surprise, no one seemed to disagree with my proposal. Yet popular media coverage of these issues is probably 90+%.
Thought Experiment 2. Let’s elevate the dialogue about fundamental electric industry reform to primary status.
Again to my surprise, no one seemed to disagree with my proposal, which leads me to wonder why this issue does not get the attention it deserves. My best guess is you cannot boil the solution down to a three word sound bite (Drill Baby Drill!
Last Saturday, I spoke at the American for Prosperity’s Defending the American Dream Summit in Washington, D.C. I was one of three presenters on energy and energy/environmental issues.
Dan Simmons of the Institute for Energy Research documented the U.S.’s abundance of energy resources from two studies he helped put together: North American Energy Inventory and Hard Facts. Myron Ebell of the Competitive Enterprise Institute reviewed climate change issues and the U.S. Environmental Protection Agency’s war on coal.
I took a different tact and would like to highlight some of the points I made in this post.
Time to Reprioritize?
As tragic as Obama’s policies have been to the fossil industry, and as wasteful as his fetish over “green jobs” has been to the taxpayer, emphasizing these points of disagreement with his administration overlooks a much more serious sleeping energy giant—electric industry policy.…
Yesterday, I fawningly reviewed Robert Bradley’s Political Capitalism Project for providing information and insight to where much of our economy has gone wrong in the last 80 years, i.e., allowing companies to succeed by using political muscle instead of free market acumen.
The Bradley Project provides a sturdy worldview for thinking about energy policy. Today, I will critique both recent and historical energy policy by relying on Bradley’s framework for assessing the implications of political versus market capitalism. Tomorrow I will argue the legitimate role of government in energy markets and give an example where active government policy is needed.
Back to 1973
The modern era of energy policy began on October 17, 1973, the day that OPEC announced an oil embargo against the U.S. With very few exceptions, since that day, energy policy, on both sides of political aisle, deteriorated until finally, and literally, it fell off a cliff with the Obama Administration’s embrace of the “green economy” and its hostility to carbon energy.…