“It is not seen that as our shopkeeper has spent six francs upon one thing, he cannot spend them upon another. It is not seen that if he had not had a window to replace, he would, perhaps, have replaced his old shoes, or added another book to his library. In short, he would have employed his six francs in some way, which this accident has prevented.”

– Frédéric Bastiat (1850)

Making the news last week was a new “economic impact” study funded by a trade association representing the nuclear industry. The study purports to show that the nuclear industry in North and South Carolina generates $25 billion dollars annually and supports 29,000 jobs. The study funded by the industry group Carolinas Nuclear Cluster would like to believe that such activity is a per se good, the marketplace notwithstanding.…

“Greater energy consumption, higher economic growth, and more people are not increasing air pollution but reducing it in the world’s leading capitalist societies. More people mean more solutions …. What appears to be a paradox is really a Simon truism.”

– Robert Bradley, Julian Simon and the Triumph of Energy Sustainability, p. 85.

This concludes a two-part (Part I yesterday) look-back at the major points made in Rob Bradley’s 2000 primer on energy sustainability inspired by the worldview of Julian Simon.

Energy Affordability

“In terms of work-time pricing, conventional energy has become dramatically more affordable throughout this century … for electricity. The average U.S. worker needed over 20 minutes of labor to purchase a gallon of gasoline in the 1920s. In the 1990s a less polluting, higher performing, and more taxed gallon of gasoline cost a worker close to 6 minutes on average.…

 “I have no idea who Jim Wiegand is, but the Master Resource website is highly questionable….”

“Jim: My apologies. I was overreacting…. Perhaps you would be better served if you avoided that [MasterResource] crowd.”

So said Elliott Negin, Director of News & Commentary at the Union of Concerned Scientists, several days ago in the comments section of his Huffington Post  piece, Wind Energy Threat to Birds Is Overblown.”

Mr. Negin is a serial user of the argumentum ad hominem. The Free Dictionary defines ad hominem as: “Appealing to personal considerations rather than to logic or reason: Debaters should avoid ad hominem arguments that question their opponents’ motives.”

In his piece, Negin takes on journalist and scholar Robert Bryce, whose exposés of politically correct renewable energy have clearly stuck a nerve with mainstream environmentalists whose embrace of industrial windpower is problematic.…

[Editor note: One of the great energy scholars of our time is Vaclav Smil, Distinguished Professor Emeritus of Environment and Geography at the University of Manitoba. This (modified) article remains as fresh today as it was when originally published in 2009.]

President Barack Obama has promised an energy revolution in the world’s largest economy, with renewable sources of power and “green” technologies breaking America’s – and ultimately the world’s – dependence on conventional fuels…. But how realistic is this vision?

Primary Energies: Unchanged

There is only one kind of primary energy (energy embodied in natural resources) that was not known to the first high civilizations of the Middle East and East Asia and by all of their pre-industrial successors: isotopes of the heavy elements whose nuclear fission has been used since the late 1950’s to generate heat that, in turn, produces steam for modern electricity turbo-generators.…