“In terms of affordability, availability and scalability – methanol and ethanol are the best prospects to [displace oil in transportation] quickly.”

– John Hofmeister, quoted in John Holeywell, “Q&A: He Ran Shell Oil Co. – and He Thinks We Use Too Much Crude,” Houston Chronicle, September 19, 2014.

Milton Friedman once opined: “The two greatest enemies of free enterprise in the United States … have been, on the one hand, my fellow intellectuals and, on the other hand, the business corporations of this country.”

Enter T. Boone Pickens, crony capitalist extraordinaire. Enter John Hofmeister, former president of Shell Oil Co. (2005–2008), the Houston-based U.S. subsidiary of Royal Dutch Shell. [1]

Hofmeister maliciously titled his signature book, Why We Hate the Oil Companies: Straight from an Energy Insider.…

Two weeks ago, the Texas Public Policy Foundation (TPPF) hosted a state-of-the-art climate and energy conference in the nation’s energy capital of Houston. The global warming establishment may have stayed away, but a large crowd was treated to a sound, multi-disciplinary review of the physical science, political economy, and resource economics.

The evening keynote for At The Crossroads: Energy & Climate Policy Summit was an address by Texas Governor Rick Perry. While Perry’s general public policy positions are free-market–and thus pro-consumer and pro-taxpayer–his energy security, don’t-import-but-export argument smacks of Mercantilism and U.S.-side protectionism. Furthermore, Perry pulled his punches regarding the conference’s major themes on climate and energy policy. It was a timid, uninspired keynote just when the momentum dictated going the other way.

Soft on Climate Propoganda

Perry could have, should have, reiterated the conference’s major themes: the 15–20 year ‘pause’ in global warming; lowered climate sensitivity estimates (and explanation for the same in the peer-reviewed literature); the desperate, speculative tie-in’s between anthropogenic climate change and extreme weather events (if there has been no warming, how can ‘climate change’ be involved?);…

“I do, however, believe that corporations which deliberately, purposefully, maliciously and systematically sponsor climate lies should be given the death penalty.”

“The Cato Institute, The Heritage Foundation, the Cooler Heads Coalition, the Global Climate Coalition, The American Enterprise Institute (ALEC), Americans for Prosperity, Heartland Institute, Committee for a Constructive Tomorrow (CFACT), George C. Marshall Institute, the State Policy Network, The Competitive Enterprise Institute (CEI), and the American Enterprise Institute (AEI).… these front groups are snake pits for sociopaths.”

“Koch Industries and ExxonMobil have particularly distinguished themselves as candidates for corporate death.”

– Robert Kennedy Jr., “What States’ Attorneys General Can Do About Climate Deniers,” Huffington Post, October 1, 2014.

Robert Kennedy Jr.’s screed against great American corporations is an elitist indictment against consumer preferences for affordable, reliable energy. Kennedy’s hate speech is also a confirmation about how badly the climate fanatics are losing in the court of public opinion.…

“But while the IPCC chooses to look the other way, the scientific evidence supporting low equilibrium climate sensitivity continues to pile up…. This is all around good news, for it means that we can focus more on expanding energy access (via fossil fuels) around the world rather than curtail our energy growth.”

There are basically three key parameters that determine the pace and magnitude of future climate change: 1) how much carbon are we going to emit, 2) what percentage of those emissions will remain in the atmosphere (as opposed to being taken up by the biosphere), and 3) how much will the climate warm as a result of what remains in the atmosphere. We understand these things a lot better than we often let on.

The first parameter seems difficult to assess on timescales that exceed a couple of decades.…