A Free-Market Energy Blog

Solar is Not an Infant Industry (Part I–Pre-Twentieth Century)

By Robert Bradley Jr. -- March 21, 2012

“Not satisfied with such direct benefits as he derives from sunshine, man has developed numerous ways of utilizing solar radiation indirectly and of appropriating energies other than his own.”

    – Erich Zimmermann, World Resources and Industry (Harper & Brothers, 1933), p. 43.

“Although much interest in the scientific community has been focused on solar energy at various times in history, widespread development of solar power equipment has never been achieved—primarily because of the high cost of developing solar power compared to that of technologies utilizing cheap fossil fuels.”

     – Wilson Clark, Energy for Survival: The Alternative to Extinction (Garden City, NY: Anchor Books, 1974), p. 379.

Solar electricity has a long history, not unlike its cousin windpower. The infant industry argument does not apply, and solar’s diluteness and intermittency suggest that this off-grid starter energy will not be an on-grid resource this century if not far beyond.…

Continue Reading

U.S. Has 60+ Times the Oil Reserves Claimed by Obama

By E. Calvin Beisner -- March 20, 2012

“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.

Continue Reading

Lower Climate Sensitivity Estimates: New Good News

By Chip Knappenberger -- March 19, 2012

“A collection of research results have been published in the peer-reviewed scientific literature in recent months that buoys my hopes for a low-end climate sensitivity.”

One of the key pieces to the anthropogenic climate/environment change puzzle is the magnitude of the earth’s climate sensitivity—generally defined as the global average temperature change resulting from a doubling of the atmospheric concentration of carbon dioxide (CO2).

One of the reasons that the “climate change” issue is so contentious is that our understanding of climate sensitivity is still rather incomplete. But new research efforts are beginning to provide evidence suggesting that the current estimates of the climate sensitivity should be better constrained and adjusted downwards. Such results help bolster the case being made by “lukewarmers”—that climate change from anthropogenic fossil-fuel use will be moderate rather than extreme, and that an adaptive response may be more effective than attempts at mitigation.…

Continue Reading

What the “Skeptics” of Climate Catastrophe are Skeptical Of: Nordhaus Reconsidered

By Eric Dennis -- March 16, 2012
Continue Reading

Minerals Boom in Saskatchewan (Expansion, not depletion, from new capital and the ‘ultimate resource’)

By Eric Anderson -- March 15, 2012
Continue Reading

Joint Letter in Opposition to Special Tax Treatment for Natural Gas Vehicles (time for free-market, fuel-neutral energy policy)

By Robert Bradley Jr. -- March 14, 2012
Continue Reading

Joint Letter Opposing Extending the Production Tax Credits and 1603 Treasury Grant Program (time for free-market, fuel-neutral energy policy)

By Robert Bradley Jr. -- March 13, 2012
Continue Reading

Energy Misdirection: Revisiting Obama's U. of Miami Speech

By James Rust -- March 12, 2012
Continue Reading

PERC: Free Market Environmentalism in Action

By Reed Watson -- March 9, 2012
Continue Reading

Natural Gas Prices Spur Truckmaker Interest (Market, not political, development)

By Robert Bradley Jr. -- March 8, 2012
Continue Reading