Ed. note: Julián Salazar Velásquez is a geologist and petroleum engineer with a nearly 50-year career in the Mexican and Venezuelan oil industries. A leading educator and proponent of free market energy, he is author of numerous articles and Gerencia Integrada de Campos de Hidrocarburos (2020), a primer on the oil industry value chain. His four-part world view starts today and continues this week in Part II, Part III, and Part IV.

The current depiction of the oil and gas industry is not only incorrect but worrying. In the more than two years that I have been educating at conferences, in courses, in articles, and in my book—I have seen how unsound dogma threatens progress and prosperity in our countries.

Background

In December 2021 in Petroleum Magazine, I published “Energy Transition or Transgression?…

“Cruise ship alarmists: check your premises and update your facts. Take a week long cruise. Bring some books to beat ‘climate anxiety.’ Epstein, Koonin, Bryce, Lomborg, Smil, Morano …. all affordable and best sellers.”

I am leaving the country on a cruise ship next week. It’s a rather amazing, affordable get-away. A week at sea with multiple international destinations is for the masses–the middle class and some lower-to-middle upper class. (Cunard from New York City to Liverpool will have to wait for some of us.)

There will be around 5,400 passengers and 2,200 crew on board (Allure of the Seas). The reformulated diesel that powers the ship (electricity too) represents the work of hundreds of thousands of “energy slaves.” All to have the experience that Kings and Queens of yore could only dream about.…

“… the self-professed expert class and many who call themselves journalists dismiss anyone who questions their Covid vaccine orthodoxy as an ‘anti-vaxxer’—a label as sneering as ‘climate denier’.” [“‘Experts’ Are Fueling Distrust in Vaccines,” Allysia Finley, Wall Street Journal (January 9, 2023)

Everyone likes competition for the things they buy but not for the things they sell. Climate alarmists are selling, and many of us are urging the public not to buy—with success. That has caused an uptick in censorship tricks by the activist Left.

Witness YouTube censoring an interview by the Heartland Institute with esteemed climatologist Judith Curry. Both sides understand that a fair and open debate on climate change exposes the exaggeration and neuters the alarmism–and debate over wind/solar/batteries exposes the hypocrisy of those claiming to have the green, living space in mind.…

Ed. Note: In mid-2019, MasterResource published a post on a notable political capitalist in the history of the energy industry, the late James E. Rogers, longtime CEO of Duke Energy. With that company’s rolling blackouts (“load shedding”) over Christmas weekend for a half-million customers “for the first time in the utility’s history“, it is worth remembering the damage done to free markets and electric reliability by the political track chosen by one executive. (The post is reproduced below with minor edits.)

At 41 [in 1988], [James Rogers] was named CEO of PSI Energy Inc., a small, financially troubled Indiana utility. Breaking ranks with others in the electric-power industry, he supported legislation putting caps on sulfur-dioxide emissions. “Some of my guys thought I was drinking the environmental Kool-Aid,” he said later.