The following was published at Econlib (Library of Economics and Liberty by Rob Bradley with the editorial help of David R. Henderson.

A website project of Liberty Fund, Econlib offers concise, online classical-liberal scholarship for “students, teachers, researchers, and aficionados of economic thought.”

Mineral resources, not synthetically producible in human time frames,1 are fixed in the earth. As each is mined, less supply remains, suggesting that cost and, thus, price must increase as production cumulates.

Yet, for virtually all minerals, the opposite seems to be true: As more is mined, more is discovered to be mined. Prices and costs do not inexorably rise. What was high-cost yesterday has become lower-cost, undercutting the perennial complaint that “the easy stuff has been found.” Overall, there seems to be little difference between minerals and general goods and services.…

“Malaria already kills a million people a year and now, researchers fear, climate change could make the problem even worse.” –ABC News, April 1, 2011

“Based on the new numbers, malaria deaths have fallen by 32 percent since 2004, dropping from 1.8 million deaths worldwide to 1.2 million in 2010.” –ABC News, February 3, 2012

Malaria has been long postulated to benefit from rising global temperatures and is included near the top of most alarming lists of the bad things that will happen if greenhouse gas emissions limitations are not immediately put into place. And while this seems good in theory, real world data show little, if any, connection between climate change and malaria outbreaks. In fact, while the climate has been warming, malaria has been in decline—being beaten back by direct measures aimed at reducing the spread of the disease.…

The public editor at the New York Times, Arthur Brisbane, recently wrote in his weekly Public Editor column about the trustworthiness of Robert Bryce, the nation’s leading energy journalist who has graduated to being a top energy public policy scholar, period. (Hard work, smarts, attention to detail, and open-mindedness earns the latter designation.)

In The Times Gives Them Space, but Who Pays Them? (October 29, 2011), Brisbane laid out a controversy that is worth reviewing. The question is: Does a writer’s paid association disqualify him or her as a reliable source of public policy analysis and opinion?

Here is how Brisbane asks and answers it.

PEOPLE don’t just argue about what is written on the Op-Ed page of The New York Times. They argue about who is doing the writing and why.

[Editor note: The other posts in this series are The Great Energy Resource Debate (Part I: Peak Oil was … is here!) and The Great Energy Resource Debate (Part III: Pessimists Turn Optimistic!). Part IV will look at the theoretical case for resource expansionism in light of the preceding posts.]

[Editor note: Part I

http://www.masterresource.org/2011/06/great-resource-debate-iii-new-optimists/

“All oil and gas resources should be carefully husbanded—i.e. extracted as late and as slowly as possible. Our descendents will be grateful. We, too, shall need a long bridge to the future.”

– Amory Lovins, World Energy Strategies: Facts, Issues, and Options (New York: Friends of the Earth International, 1975), p. 127.

Yesterday’s post provided quotations from a variety of sources espousing a pessimistic, closed view of the mineral resource world as it pertains to oil, gas, and even coal.…