Energy, the master resource, enables high living standards and promises future progress in virtually all areas of human betterment.

Energy heats our homes, lights the night, fuels our transportation, and powers our machines. Affordable energy improves economic efficiency and keeps the cost of goods and services down. All of us as consumers and as business people save money.

Low domestic energy prices create high-productivity jobs at home up. Energy made American great as a key input for a (relatively) free economy, and today’s home-grown energy boom can help keep America great.

Appreciated another way, energy plenty allows us to spend more time with our families and friends–and less time merely working to survive. Moreover, by making transportation less costly, affordable energy gives us greater freedom to live, work, and play how and where we want.…

One thousand in-depth posts, 135 different contributors, and 1.2 million views to date–MasterResource has stature as a free-market movement-wide energy blog.

With 415 categories in our index, MasterResource is a lasting research tool, not only a day-to-day contribution to energy scholarship and current political debates. And we have achieved critical mass; ‘Google’ an energy-policy-related term along with MasterResource, and there we usually are!

Our content promises to stand the test of time. Our headlines do not have Stunner or Stunning as does a rival blog selling energy/climate alarmism. Our contributors are wed to reality, not to think-it-and-make-it-is-real and wish-it-and-it-can-happen postmodernism.

Wind Power Niche

One particular niche at MasterResource has been giving voice to the growing, articulate grassroot opposition to industrial wind parks. Such turbines generate a heavy environmental footprint, not only small, unreliable bursts of electricity.…

[Editor Note: This is Part One in a two-part series by Mr. Tanton on counter-productive regulation passed in the name of addressing manmade climate change. Part II tomorrow focuses on California. ]

Cap-and-trade programs (CTP) do not provide incentives to develop innovative technologies and likely increase emissions, according to a new essay, Innovation Under Cap-and-Trade Programs, published in Proceedings of the National Academy of Sciences. Author Margaret Taylor, a researcher at Lawrence Berkeley National Laboratory, completed her study as assistant professor at the University of California-Berkeley’s Goldman School of Public Policy.

Based on actual case studies, she found that CTP have reduced incentives for research and development. “Policymakers rarely see with perfect foresight what the appropriate emissions targets are to protect the public health and environment,” said Taylor.

Emission targets might actually be set more strict, she explains, even while the mechanism (i.e.…

“With only 2% of the world’s oil reserves, we can’t just drill our way to lower gas prices,” President Barack Obama said in his weekly address March 10. “Not when we consume 20% of the world’s oil.”

The claim is, if not blatantly false, at best grossly misleading. If the President didn’t know this, some advisors should be dismissed. If he did, he needs to accept the blame and formally correct it.

As Investors Business Daily explained,

… the figure Obama uses—proved oil reserves—vastly undercounts how much oil the U.S. actually contains. In fact, far from being oil-poor, the country is awash in vast quantities—enough to meet all the country’s oil needs for hundreds of years.

The U.S. has 22.3 billion barrels of proved reserves, a little less than 2% of the entire world’s proved reserves, according to the Energy Information Administration.