A Free-Market Energy Blog

Mineral Resource Fixity and Boundary Effects

By Richard Sigman -- November 28, 2017

“We don’t observe the boundary effects in our modern economy and haven’t throughout oil’s history because reserve estimates have grown over time and will continue to grow for the foreseeable future.”

Mineral resource alarmists, reflecting a fixity/depletionist view of the world, begin by arguing that “you must admit that there is a fixed amount of oil on this earth.” This is true in the purely physical sense that roughly 2 million barrels annually are created by the earth versus the 35 billion barrels consumed in a year.

Oil is a non-renewable resource, but that doesn’t mean our economic models should treat it as a drawdown of static inventory. A great example for the issue of fixity in resource economics is reservoir modelling for a singular oil well. In reservoir engineering, there are flow regime equations that model how the fluid moves from the formation into the wellbore.…

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Energy & Environmental Newsletter: November 27, 2017

By -- November 27, 2017

The Alliance for Wise Energy Decisions (AWED) is an informal coalition of individuals and organizations interested in improving national, state, and local energy and environmental policies. Our premise is that technical matters like these should be addressed by using Real Science (please consult WiseEnergy.org for more information).

A key element of AWED’s efforts is public education. Towards that end, every three weeks we put together a newsletter to balance what is found in the mainstream media about energy and the environment. We appreciate MasterResource for their assistance in publishing this information.

Some of the more important articles in this issue are:

Wind and Solar Power Advance, but Carbon Refuses to Retreat

Wind & Solar are Less Efficient Decarbonizers than CC Gas Turbines

Maine DEP Issues Draft Wind Energy Rules (two VERY good parts)

Grid-Scale Storage of Renewable Energy: The Impossible Dream

Tesla battery production releases as much CO2 as 8 years of gasoline driving

Report by head of German Wildlife Foundation: Truly Green?

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Thanksgiving: A Free Market Celebration

By Richard Ebeling -- November 23, 2017

“The true meaning of Thanksgiving is the triumph of Capitalism over the failure of Collectivism in all its forms.”

This time of the year is when Americans gather with their families and friends and enjoy a Thanksgiving meal together. Almost 51 million Americans are travelling this Thanksgiving to find their table of celebration in remembrance of those early Pilgrim Fathers who crossed the uncharted ocean from Europe to make a new start in Plymouth, Massachusetts.

What is less appreciated is that Thanksgiving also is a celebration of the birth of free enterprise in America. The English Puritans, who left Great Britain and sailed across the Atlantic on the Mayflower in 1620, were not only escaping from religious persecution in their homeland. They also wanted to turn their back on what they viewed as the materialistic and greedy corruption of the Old World.…

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Offshore Wind: Rough Waters for LEEDCo ‘Demonstration Project’ (environmentalists rise up)

By Sherri Lange -- November 21, 2017
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Tax Bill Attacked for Loss of Electric Car Subsidy—But Most Americans Don’t Want Electric Cars

By Steve Goreham -- November 20, 2017
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Where Good Is Bad: ‘The Energy of Slaves’ (Oil as ‘servitude’?)

By Robert Bradley Jr. -- November 16, 2017
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Secretary Perry’s Hearing (Part II)

By -- November 15, 2017
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The “Powering America” Hearings (Part I)

By -- November 14, 2017
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Preferential/Political Dispatch: Rigging the Market Against Baseload Energy

By Donn Dears -- November 13, 2017
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Climate Brainwashing? James Hansen Programs a Grandchild

By Robert Bradley Jr. -- November 9, 2017
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