[Editor note: This excerpt from Bradley’s next book, Edison to Enron: Energy Markets and Political Strategies, is part of a five-chapter history of Samuel Insull, the father of the modern power industry.]

President Obama just returned from Copenhagen empty handed. His hometown will not get the 2016 Olympics, or as a representative of the Natural Resources Defense Council’s (NRDC) Chicago operation advertised it, the “Blue Green Olympics.”

Given the science, economics, and politics of the global warming, aka climate change, it can be hoped that Obama–and the heads of all governments around the world–come away ’empty handed’ in Copenhagen in December. No town, city, province, or country should be burdened with energy rationing when consumer-driven, conventional energy has become more sustainable, not less.

The real global issue is economic recovery and growth, which means expanded private property and enhanced market institutions to promote sustainable growth in place of abject poverty and economic underperformance.…

As an old-fashioned scientist, I prefer hard engineering realities to all those interminably vacuous and poorly informed policy “debates” that feature energy self-sufficiency (even Saudis import!), sustainability (at what spatial and temporal scales?), stakeholders (are not we all, in a global economy?) and green economy (but are not we still burning some 9 billion tonnes of carbon annually?).

High regard for facts and low regard for wishful thinking has forced me to deal repeatedly with many energy illusions–if not outright delusions–and to point out many complications and difficulties to be encountered during an inevitably lengthy transition from an overwhelmingly fossil-fueled world to economies drawing a substantial share of their primary energies from renewable sources.

Steel & Coal-Derived Coke

Here is another challenge for the energy transformationists, one that is both inexplicably neglected and extraordinarily important: steel’s fundamental dependence on coal-derived coke with no practical substitutes on any rational technical horizon.…

[Editor note: This April 27th post is reprinted with slight modifications in light of the current newsworthiness of Alaska’s soon-to-be-ex-governor, Sarah Palin]

Last month, our friends over at the Heartland Institute published a front-page lead story in the April, 2009 edition of Environment & Climate News. Alyssia Carducci’s “Palin Energy Plan Receives High Praise” begins:

“Alaska Gov. Sarah Palin (R) has announced an ambitious plan to produce half of the state’s electricity from renewable sources by 2025. Palin’s plan, which empowers local municipalities to identify and develop the most cost-efficient renewable power sources available to them, won immediate praise from environmental groups, consumer groups, and industry.”

This article is yet more evidence that the inexplicable conservative love affair with Sarah Palin remains unrequited—at least, when it comes to economic policy in general and energy policy in particular.…

“A reliable and affordable supply of energy is absolutely critical to maintaining and expanding economic prosperity where such prosperity already exists and to creating it where it does not.”

– John Holdren, “Memorandum to the President: The Energy-Climate Challenge,” in Donald Kennedy and John Riggs, eds., U.S. Policy and the Global Environment: Memos to the President (Washington, D.C.: The Aspen Institute, 2000), p. 21.

Julian Simon (1932–98) is an inspiration to many of us here at MasterResource. Indeed, this blog is named for Simon’s characterization of energy as the master resource. In honor of Simon, I have reproduced some quotations from the vast literature on that theme.

The primal importance of energy is recognized across the political spectrum as the views of John Holdren, Paul Ehrlich, and Amory Lovins attest. Affordable, reliable energy is thus the starting point for public policy debate.…