“The two greatest enemies of free enterprise in the United States … have been, on the one hand, my fellow intellectuals and, on the other hand, the business corporations of this country.”

– Milton Friedman. “Which Way for Capitalism?” Reason, May 1977, p. 21.

“To put it plainly, T. Boone Pickens is out to save America.”

– Carl Pope (Sierra Club). Quoted in Dean Calbreath, “Pickens Pitches Plans to Shift U.S. Away From Oil,” San Diego Union Tribune, June 25, 2008.

They are not against capitalism. They can be very charismatic, in the know, and mainstream. They may be industry leaders. They are always politically correct and receive good press. And they can, often do, pledge allegiance in the abstract to the American way of free enterprise.…

“The Indiana Petroleum Associa­tion, whose members feared the combination of locational conven­ience and discount prices from cost economies, lobbied the state Fire Marshall who warned of the hazards of self‑service. Effective June 1, 1930, a statewide regulation allowed only station owners or regular employees to dispense gasoline.”

“For a price premium estimated to be between three-to-five cents per gallon, the benefits of Oregon’s longstanding self-service ban are said to be less spillage, less risk of fire, and a trained person ‘to maintain a clear view of and give undivided attention to the pumping process’.”

The rise and legalization of self-service at the service station is one of the longest and most colorful episodes in the history of US oil and gas regulation. Until recently, only New Jersey (1948–) and Oregon (1951–) still had laws making it illegal to offer serve yourself gasoline and diesel.…

“This house believes that subsidizing renewable energy is a good way to wean the world off fossil fuels.”

– ECONOMIST magazine, Online debate, November 8–18, 2011

[Ed. Note: Six years ago, the prestigious Economist magazine held an on-line debate on the future of energy policy. Despite a loaded affirmative motion (above), an upset victory was achieved with 8,916 votes opposed and 8,346 in favor of the proposition. The third most votes of 92 such debates, 70,000 visits produced 448 comments. Jon Boone’s writeup of the debate is reproduced below.]

Last month, The Economist magazine conducted a two-week Oxford style online debate over the proposition “that subsidizing renewable energy is a good way to wean the world off fossil fuels.”

“Renewable” in this case is really politically correct renewables: basically wind power, with some solar and a bit of of biofuel/geothermal thrown in.…

[Editor Note: Advertising for the premier energy conference CERAWeek 2018 is in full swing. Two years ago, Daniel Yergin was urged to invite Alex Epstein to present the moral case for fossil fuels. Today, with fossil fuels on the ascent, it is surely time to feature the world’s hottest energy philosopher. Thus, this February 22, 2016, post is reprinted verbatim.

“If good and evil are measured by the standard of human well-being and human progress, we must conclude that the fossil fuel industry is not a necessary evil to be restricted but a superior good to be liberated.”

“We don’t need green energy–we need humanitarian energy.”

– Alex Epstein, “At CERAWeek Fossil Fuel Leaders Should Make A Moral Case For Their Industry,” Forbes.com., February 18, 2016.

For many years, make that decades, I have noted Daniel Yergin’s political bias at the annual CERA conference here in Houston.…