“And if Crooked Hillary can shut down the mines, she can shut down your business too.”

“These actions have denied millions of Americans access to the energy wealth sitting under our feet. This is your treasure, and you – the American People – are entitled to share in the riches.”

“We’re going to rescind all the job-destroying Obama executive actions including the Climate Action Plan and the Waters of the U.S. rule.”

On May 26, Donald Trump gave his first major energy speech. It advocates a rollback of the energy statism of President Obama, which would continue under Hillary Clinton (but not Gary Johnson, the Libertarian Party nominee for President).

There is much to like in Trump’s agenda, and nothing better than calling the bluff of the climate alarmists who profess to want to save the climate but have a variety of other agendas at work.…

“While commercial operations would take time to start, India’s Oil and Natural Gas Corporation (ONGC) has struck the first shale gas in a pilot project at Ichhapur in Burdwan, West Bengal. Its drilling started on October 27, 2013, with ConocoPhillips, which helped ONGC in providing technical help in well planning and data evaluation stage. In addition, ONGC has spudded one more well for shale gas and oil exploration in Gandhar area of Cambay basin.”

Shale gas can emerge as an important alternative source of energy in India. Identified shale-gas formations are spread over several sedimentary basins of the country, such as Cambay, Gondwana, Krishna Godavari Onland, and Cauvery. Shale oil is less developed. [1]

Shale gas is important because India wants to add natural gas’s 7 percent share of its energy basket, now filled with coal and oil.…

“In a 2014 ‘EV Everywhere Grand Challenge’ study, the US Department of Energy finds that the current battery cost is $325 per kWh. At a battery cost of $325 per kWh, the price of oil would need to exceed $350 per barrel before the electric vehicle was cheaper to operate.”

– Covert, Greenstone, and Knittel. “Will We Ever Stop Using Fossil Fuels?” Journal of Economic Perspectives (30(1), 2016): p. 132.

In the marketplace for ideas, economists are always selling. We see a situation that everyone knows is imperfect, point out the exorbitant costs and likely mistakes on the road to Nirvana, assure our audience that in any case the market can likely manage things better than government. And we hope someone accepts our research and clients retain our consulting services.…

“A review of energy developments in 1976, published in RFF’s Resources magazine (Jan–March 1977, p. 3) reached a Hotelling-like conclusion: ‘Nonrenewable and exhaustible fuels supply most of our needs now,’ the staff article stated, ‘but they will be increasingly expensive to obtain and use, until, around some distant corner, they will be replaced’.”

In its first half century, RFF’s central message has gone from energy optimism to energy pessimism, complete with an embrace of major government intervention in energy markets. The transformation began in the 1970s with a fixity/depletion view of mineral resources, which spawned conservationism (less energy usage for its own sake, with a government role).

And when the energy-short 1970s turned into the energy surplus of the 1980s, RFF’s angst shifted to issues surrounding a human influence on global climate, primarily from carbon dioxide (CO₂) emissions from the burning of coal, oil, and natural gas.…