A Free-Market Energy Blog

“Energy Facism” (Rothbard 1974 speaks to us today)

By Robert Bradley Jr. -- August 16, 2021

“When the black day of August 15, 1971 arrived, we free-market economists predicted that shortages of all sorts of products would result from the price control…. On the day of the freeze, everything seem[ed] to be functioning smoothly, and so the general mood [was] one of euphoric success.”

“When Tricky Dick imposed Phase I in August, 1971, price inflation was proceeding at something like a rate of 4% per year. Now, after 4 1/2 ‘phases’ of varying degrees of price dictation, and continued monetary inflation by the government, we are suffering a price inflation rate of something like 10% per year.”

August 15, 1971, was the day that President Richard Nixon shocked the country, and indeed the world, with a price control order. Everything—all goods and services, as well as wages and interest rates—were frozen for 90 days.…

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Book Review: Angwin’s ‘Shorting the Grid’

By Michael Giberson -- August 12, 2021

“By the end of the book, I could no longer shake the feeling she just might be right on the big thing. RTOs may be producing an increasingly fragile grid.”

Meredith Angwin’s Shorting the Grid is a likeable, sometimes irritating book. Or maybe an irritating, sometimes likeable book. I cannot decide. Angwin’s book offers an introduction to and assessment of the Regional Transmission Organizations (RTOs) that since the late 1990s have come to coordinate use of the transmission grid for about two-thirds of the electric power consumed in the United States.

Her view: RTOs are dominated by insiders who skew the system their direction at every chance, reaping profits while shirking responsibility for reliability. As a result we have an increasingly fragile, unreliable grid.

When Angwin’s book was published in 2020 it may have seemed alarmist.…

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Kinder-Morgan Interview: Thumbs Up (energy realism, apologies not)

By Robert Bradley Jr. -- August 11, 2021

“Affordable and reliable energy is key to human development. It gives people mobility and comfort in their homes. It provides access to better food and clean water.”

“The reason we made money [during the February Texas freeze] is because we prepared with winterization. And, importantly, we manned our facilities. We had our people out there, some with families at home in the dark and cold. They were keeping our facilities up and running so we had the ability to deliver a lot of gas that otherwise wouldn’t have been available to customers.” (Steven Kean, Kinder-Morgan, August 9, 2021)

The mainstream media might not like it, but there is a tripartite fossil fuel boom underway globally that will outlast the Pandemic–and outlive the repetitive climate scares from the IPCC reports.

A glimpse into the industry’s thinking was provided by the president and CEO of Kinder-Morgan, Steven Kean.…

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Silly Season at the UN: 1989 vs. 2021 Climate Doomsday (it’s all politics now)

By Robert Bradley Jr. -- August 10, 2021
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1,876 Pages: Texas’s ISO Rules (central planning, mother-may-I system)

By Robert Bradley Jr. -- August 9, 2021
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Pokalsky, Borlick, Kiesling: Capacity Markets Now Essential in Texas (central planning rethink)

By Robert Bradley Jr. -- August 5, 2021
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Denton, TX: Grid Reliability Sinks Renewables

By -- August 4, 2021
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California Electricity Woes: More Intervention, Higher Prices, More Emissions (the back side of wind and solar)

By Robert Bradley Jr. -- August 3, 2021
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Mineral Energy and Progress: A Consensus View

By Robert Bradley Jr. -- August 2, 2021
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“Off Target”: Bad Economics of the Climate Crusade (mitigation not supported by mainstream analysis)

By Robert Bradley Jr. -- July 30, 2021
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