Big Oil, Exxon Not Guilty as Charged (a rebuttal in six parts)

By Robert Bradley Jr. -- September 22, 2022 2 Comments

“Imagine if the media was reversed on the climate/energy issue, supporting and promoting a free-market, classical-liberal position. They could look at my boxes of files from the Enron days (1990s) and produce an exposé, Enron Knew.”

Back at Enron Corp., I had “email wars” with the company’s climate lobbyist, John Palmisano, the author of the infamous “This agreement will be good for Enron stock” Kyoto Protocol memo. Enron had at least a half-dozen profit centers that stood to benefit from CO2 restrictions, inspiring the activism that led Jeremy Leggett [The Carbon War (Penguin: 1999), p. 204] to identify Enron as “the company most responsible for sparking off the greenhouse civil war in the hydrocarbon business.”

The Palmisano/Bradley exchanges concerned regulating and pricing carbon dioxide. I was against; Palmisano for.…

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“Big Oil vs The World”: BBC Exposé Fails (Episode III)

By Richard W. Fulmer -- September 21, 2022 3 Comments

“In its Ahab-like focus on harpooning ExxonMobil, the BBC missed an opportunity to explore the enormous challenges involved in replacing fossil fuels. The costs of ignoring those challenges may well be tragically put on display this winter when Europeans face freezing temperatures with nothing but BBC-approved power systems to keep them warm.”

In Episodes 1 and 2 of its three-part documentary, Big Oil vs The World, the BBC succeeded only in demonstrating its own bias. Time and again, viewers were presented with only one side of a many-sided issue. Episode 3 is no exception. This episode’s main narrative is that, for years, oil companies have touted natural gas as a clean alternative to coal, but poor execution has largely offset the benefits.

Per unit of energy generated, natural gas produces about half the carbon dioxide of coal.…

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“Big Oil vs The World”: BBC Exposé Fails (Episode I)

By Richard W. Fulmer -- September 19, 2022 2 Comments

Episode 1 of BBC’s Big Oil vs The World is a polished, emotional, lawyer-like brief for one side of a multi-sided, complex issue. But in the final analysis, the BBC case is long on agenda and feelings and short on facts, balance, and proper context. The documentary is slick propaganda that accuses oil companies of producing slick propaganda.

With its documentary Big Oil vs The World, the British Broadcasting Corporation (BBC) has added its voice to the chorus accusing the petroleum industry in general, and ExxonMobil in particular, of misleading the public and slowing the global response to climate change. The three-part documentary (Denial, Doubt, and Delay) was produced in cooperation with PBS, which ran its version on Frontline under the title The Power of Big Oil in April and May of this year.…

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On the Theory of Interventionism

By Robert Bradley Jr. -- September 5, 2022 No Comments

“One promising avenue for thinking about some of these issues is provided by Robert L. Bradley Jr., who, building on Sandy [Ikeda]’s work, offers his own typology of interventionist dynamics in a working paper, “Typology of Interventionist Dynamics” and the version in Humane Economics: Essays in Honor of Don Lavoie, edited by Jack High. I cannot do his framework justice in my short comment, and I urge the interested reader to review Bradley’s work on this topic in its entirety. That said, his typology offers some examples of key categories for considering different types of regulatory interventions….”

Decades ago I found myself swamped with examples of government intervention into the oil and gas market as I came to the concluding chapters of what would be later published as Oil, Gas, and Government: The U.S.

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“Not Cheap, Not ‘Green’” at the California Energy Commission

By Tom Tanton -- August 26, 2022 1 Comment Continue Reading

Classical Liberalism and Electricity: An (Unfinished) Exchange with Lynne Kiesling

By Robert Bradley Jr. -- August 16, 2022 No Comments Continue Reading

Elevated CO2 Reduces Temperature Stress in Plants

By -- July 20, 2022 No Comments Continue Reading

IEA’s Fatih Birol: More Oil Now!

By Robert Bradley Jr. -- July 13, 2022 1 Comment Continue Reading

Mountain Valley Pipeline: 94 Percent Complete, FERC 6 Percent Incomplete

By Robert Bradley Jr. -- June 30, 2022 1 Comment Continue Reading

‘Ten Policies to Unleash American Energy and Fuel Recovery’ (API gets nine of ten right)

By Robert Bradley Jr. -- June 27, 2022 3 Comments Continue Reading