Statists often like to present their policies and programs as a free market solution. Emission trading, which Wikipedia calls a “market-based approach to controlling pollution,” is one example. Carbon emission trading assigns “property rights” to emissions, which allow the holder to emit a set quantity of a particular substance. Those who emit less of that […]
Last week, a Chronicle editorial proclaimed that the policies of the Trump Administration will have a devastating impact on Houston. While it is true that the policies cited–a border tax, import tariffs and immigrant roundups–will have harmful effects, the paper conveniently ignores the many equally harmful consequences of policies it advocates.
A proposed border tax […]
While great efforts are being made to develop public support for renewable energy, much of the information that is reported is misleading. As an example, when new renewable electricity sources, such as wind and solar, are brought online, industry groups and the media usually report the capacity that has been added to the electrical grid. […]
In a free market, businesses compete, not only for customers, but also for the capital that is required to start, operate, and expand a company’s operations. Investors seek the best return possible for their money, and they judge businesses on the basis of risk and potential reward.
Investors are concerned with a company’s ability to […]
Following the Arab oil embargo of 1973, the federal government began to develop a national energy policy. In 1975, President Ford proposed a ten-year plan to build two hundred nuclear power plants, two hundred and fifty major coal mines, one hundred and fifty large coal-fired plants, thirty new oil refineries, and twenty synthetic fuel plants. […]
As pointed out in a recent article, the oil industry continues its valiant pursuit of technological improvements to provide low cost energy. Imagine moving the entire string of heavy pipe required for drilling wells using robotics rather than back-breaking labor. Imagine drilling fewer wells by doing more horizontal drilling. And imagine operating a well from […]
If you work in the oil industry and are tired of the environmentalists trying to make you feel guilty, it will do your heart and soul good to read The Moral Case for Fossil Fuels by Alex Epstein. And if you are not in the industry, this book will provide some fascinating insights.
This book […]