Energy

Biden’s “Clean Energy” Means Higher Electricity Bills for Consumers

Germany’s similar experiment with an energy transition has been going on much longer than the time period under President Biden’s proposal, and that has led to skyrocketing electricity prices for residential users equal to three times what Americans pay.

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Fossil Fuels Contribute to a Better Life

Alex Epstein’s book “The Moral Case for Fossil Fuels” documents the rapidly shrinking number of human beings killed by storms, floods and other climate events thanks largely to ever-growing industry, fueled mainly by oil, natural gas and coal.

The Moral Case for Fossil Fuels (Video)

Mankind’s use of fossil fuels is supremely virtuous — because human life is the standard of value, and because using fossil fuels transforms our environment to make it wonderful for human life.

If For-Profit Oil is Evil, What’s the Alternative?

Controversy is heating up over an Obama administration plan to drastically reduce the amount of federal lands available for oil shale development in the American West. The Bush administration had set aside 1.3 million acres for oil shale and tar sands development in...

Interventions Beget Interventions

It has long been noted that government intervention seldom, if ever, accomplishes the stated purpose. When the failure of some regulation, subsidy, or program becomes clear, legislators respond with further interventions. As an example, consider the solar panel...

Big Oil: Please, Please Let Us Drill

The headline on CNN.com said it all: “Big Oil’s promise: Let us drill, we’ll hire 1.4 million workers.” The article goes on to say: With job creation taking center stage in American politics, the oil industry Wednesday made a pitch for drilling more widely. With...

Ethics of Energy Companies

Energy companies, particularly those producing fossil fuels—oil, natural gas, coal—are under attack by the environmentalists and their sympathizers in the media. It is one thing to criticize companies such as BP, deservedly, for lax safety procedures or lacking...

No Easy Fix for Gas Prices

This month, as unleaded gasoline prices increased for 17 consecutive days (to a national average of $3.647 per gallon - up 11% thus far this year) and West Texas Intermediate crude joined Brent crude in breaking through a $100 per barrel level, energy prices emerged...

BP Oil Spill: Private Property is the Solution

For this article, let me be brief about the following facts, which are oil and water under the bridge. BP’s off-shore oil leases, like all off-shore oil leases, are leases to use federal property. (Hat tip to this article in The Freeman.) The land and water are...

Moratorium One of Many Obama Oil Spill Mistakes

he order by a federal district court in Louisiana overturning President Obama’s six-month general moratorium on deepwater drilling in the Gulf of Mexico illustrates many of the mistakes the administration has made in handling this environmental disaster. ...

In Defense of Oil and Gas Speculators

Despite Congress' periodic hauling of weak-kneed oil executives before their committees to charge them with collusion and price-gouging, subsequent federal investigations turn up no evidence to support the charges. Right now oil company executives are getting a bit of...

In Search of Villains for Rising Food and Oil Prices

In searching for villains for rising food and oil prices, some commentators have turned to speculators, namely people trading on the Chicago Mercantile Exchange and similar exchanges around the world. A sample of the claims: "Biofuels and droughts can't fully explain...

Running Out of Oil

"Proven" oil reserves, oil that's economically and technologically recoverable, are estimated to be more than 1.1 trillion barrels. That's enough oil, at current usage rates, to fuel the world's economy for 38 years, according to Leonardo Maugeri, vice president for...

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