Energy

The Fossil Fuel Industry Should Defend Itself Against Congressional Smears

Fossil fuel companies should say two things when threatened for expressing pro-fossil-fuel opinions: 1) We have a 1st Amendment right to our opinions on energy and climate, and 2) We are now going to talk a lot more about the benefits, including climate benefits, of our industry.

Dictator Mentality at The New York Times

Dictator Mentality at The New York Times

Like a dictator who is unhappy with the outcome of an election, The Times is unhappy with the outcome of the choices of tens of millions of American citizens expressed in their purchases of motor-vehicles and fuel for those vehicles.

Spoiled Brat Politics, Part 2

Spoiled Brat Politics, Part 2

The idea that what I want overrides what you want has increasingly become part of our thinking, our policies and even our laws. There is literally a federal case before the Supreme Court over the fact that many colleges and universities refuse to allow military...

Spoiled Brat Politics, Part 1

Spoiled Brat Politics, Part 1

An editorial in a recent issue of the National Geographic's "Traveler" magazine complained that kayakers in Maine found "residential development" near national parks and urged its readers to use their "influence" to prevent such things. "You are the stakeholders in...

Having Your Oil and Eating It’s Source Too

Having Your Oil and Eating It’s Source Too

It's easy to proclaim that the U.S. uses too much oil; that the U.S. is evil because it fights "wars for oil" in the Middle East. It's still easier to shout that there's NO way in hell our government should permit drilling for oil in Alaska, off shore, or really...

What “Oil Crisis”, Part 2

What “Oil Crisis”, Part 2

Soaring oil prices have revived the old bogeyman that the world is running out of oil. Economics is a great field for nostalgia buffs because the same old fallacies keep coming back, like golden oldies in music. Back in 1960, a best-selling book titled "The Waste...

What “Oil Crisis”?

What “Oil Crisis”?

With oil prices passing the record-breaking $60 a barrel level and heading even higher, the word "crisis" is now being used and all sorts of political "solutions" are being proposed. Is there really a crisis? One of the dictionary definitions of a crisis is "the point...

Energy Bill is a Massive Pork-Barrel

Energy Bill is a Massive Pork-Barrel

It's bad enough that the energy bill now working its way through Congress may cost taxpayers close to $36 billion over the next five years. Worse, it actually contains provisions that would increase the cost of energy in the years ahead.Take the ethanol mandate. This...

Blood, Toil, Tears and Sweat

I beg to move, That this House welcomes the formation of a Government representing the united and inflexible resolve of the nation to prosecute the war with Germany to a victorious conclusion. On Friday evening last I received His Majesty's commission to form a new...

Russia: Kremlin Takeover of the Russian Oil Industry?

In Russia these days, a lot of old is new again. In fact, the Russian oil and gas sector's new paradigm can be summarized in two words: "state domination." The free market has been abandoned. For example, last December the tax authorities bankrupted YUKOS, a major oil...

The East Coast Blackout

The East Coast Blackout

The East Coast blackout seemed to be straight out Atlas Shrugged: 60 million people without electricity and the official reaction was that things worked like they were supposed to! I just had to verify that the New York Times editorial on the subject was a call for...

Market Wonders and Oil Prices

We've all seen gasoline prices rising; is that good news or bad news? Congress could enact price controls and "odd and even" days for gasoline purchases like they did in the 1970s. Sure we'd be paying lower prices, but the selling price of a good is just one element...

“Price Gouging” and Oil Prices

Politicians are talking of "price gouging" and oil. They say Americans are being charged too much for oil (as evidenced by the price for a gallon of gas hitting $2 in parts of the country). What exactly is "price gouging?" No objective definition is ever given. From...

The Great Power-Shortage Myth

The Great Power-Shortage Myth

An electric-power blackout is a special case of the wider economic phenomenon of a shortage, that is, of a situation in which the quantity of a good that buyers are seeking to buy at the prevailing price exceeds the quantity of the good that the sellers possess and are willing to sell.

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