“If good and evil are measured by the standard of human well-being and human progress, we must conclude that the fossil fuel industry is not a necessary evil to be restricted but a superior good to be liberated.”

“We don’t need green energy–we need humanitarian energy.”

“The 2016 election presents us with a once-in-a-lifetime energy opportunity–and energy danger. There is no middle ground. There can be no more standing down. It’s time to stand up.”

– Alex Epstein, “At CERAWeek Fossil Fuel Leaders Should Make A Moral Case For Their Industry,” Forbes.com., February 18, 2016.

For many years, make that decades, I have noted Daniel Yergin’s political bias at the annual CERA conference here in Houston. Nonindustry speakers have routinely been climate alarmists and anti-fossil fuel proponents, picked from both the government and the nonprofit sector.…

[Editor note: Julian Simon (February 12, 1932 – February 8, 1998) is remembered each year at MasterResource.]

“The world’s problem is not too many people, but a lack of political and economic freedom.”

– Julian Simon, The Ultimate Resource 2 (Princeton, N.Y.: Princeton University Press, 1996), p. 11.

“The ultimate resource is people—especially skilled, spirited, and hopeful young people endowed with liberty—who will exert their wills and imaginations for their own benefits, and so inevitably they will benefit the rest of us as well.”

– Julian Simon, “Introduction,” in Simon, ed., The State of Humanity (Cambridge, MA: Blackwell, 1995), p. 27.

Julian Simon would have turned 84 last week. MasterResource, which is named in his honor, applies Simon’s ultimate resource insight to the master resource of energy and to related environmental issues.…

“Veterans of earlier crises, economists prominently among them, suspected another rebirth of Malthusian fear and asked how [global warming] differed from the last several.”

– Robert Fri, “Global Warming: A Policymaker’s Dilemma” (President’s Report). Resources for the Future: 1988 Annual Report, pp. 6–7.

“The accumulation of large amounts of greenhouse gases in the Earth’s atmosphere is slowly raising the global temperature and disrupting climate patterns, with implications for economic stability worldwide. Research and analysis at RFF supports informed policy design and negotiations to address climate change on national and international levels.”

– Resources for the Future website (2016).

Oh how Resources for the Future (RFF) has bought entirely into climate alarmism and forced energy transformation for fun and profit. The two quotations above, a quarter century apart, say much.

I was reminded of old-versus-new RFF by its press release last week tied to President Obama’s final state of the union speech.…

This essay, published twelve years ago in PERC Reports (“the magazine of free market environmentalism”), challenged the then-popular theory that oil production would inexorably reach a maximum and decline thereafter. What would become the U.S. and global shale oil and shale gas boom was just getting started.

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“This time it’s for real,” says the cover story of the June 2004 issue of National Geographic. “We’re at the beginning of the end of cheap oil.”

Books and articles written by geologists, environmentalists, and others regularly announce a new era of increasing oil scarcity. 1 Today’s resurrected hero of the depletionists is M. King Hubbert (1903-1989), a Shell Oil Company geologist who a half-century ago presented a bellshaped curve depicting oil production over time. But the theory of a little-known twentieth century economist, Erich Zimmermann, suggests this is unsound.…