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...
Energy
The Real Threat to our Energy Supplies
What threatens us is not any physical scarcity, but a politically created one.
Department of Everything
At worst, DOE energy policies are wasteful, even harmful to the best interests of American consumers.
California Energy Enters The Dark Ages
In no case were the power companies and their profit motive responsible for brownouts or blackouts.
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.
Blood for Oil
Someone, finally, has stated the truth to the administration and to the world: Saudi Arabia is our enemy. According to the Washington Post, that was the message of a recent briefing to the Pentagon's Defense Policy Board. The presentation, by Rand Corporation analyst...
OPEC, Oil, and Energy Economics 101
We are all familiar with pundits from all corners decrying our dependence on foreign oil. Before the oil embargo in the 70's and subsequent attempts to wean ourselves from OPEC, we were importing about 25% of our oil and now we are importing over 50%. This is always...
Of Halloween Spoilsports and Spiders
This will be my 16-month-old daughter's first Halloween on foot. Last year, she was a baby bunny who toured the neighborhood in Daddy's arms. This year, she'll be a kitten -- clambering up porch steps, clutching her goody bag, and marveling at all the treats within...
Free Markets Can End The OPEC Cartel
Had the United States pursued a policy of economic freedom with respect to energy production over the last thirty years, the conditions for OPEC’s success as a cartel would never have been present in the first place.
The Enemies of Nuclear Power
As Congress ponders how the country can avoid an energy crisis like the one that has affected California, many people believe that only science-fiction can offer a long-term solution--a solution in which discoveries in theoretical physics would lead to a new...
New State Regulations During ‘Deregulation’ are the Cause of California’s Energy Crisis
The attacks against deregulation of the California power industry by the enemies of capitalism are attacks against a straw man. Deregulation means that government removes onerous regulations that violate the rights of producers and consumers to trade freely (markets...
Greens versus Energy
The environmental movement is profoundly antilabor, because in seeking to undercut the productivity of labor, it strikes at the foundation of rising real wages.
“Big Oil” and The High Cost of Demons
Since it has long been known that the best defense is a good offense, it should not be surprising that politicians who have created an economic mess should begin loudly denouncing somebody else as the cause of the public's problems. Last year, the problem was a sharp...
Ending Rolling Electric Power Blackouts
Such wonderful progress in the ability to buy electricity and all other goods can continue in this new century—if only power-hungry government officials and misanthropic environmentalists will get out of the way.
California’s Energy Meltdown
Assertions that California’s “blind faith in markets” has led to an electricity shortage is a lie.
Government Regulation The Cause of California Power Rolling Blackouts
Destructionist government policy has increasingly restricted the supply of electric power in California and throughout the United States.
Greens, not Greed, Fueling Higher Gas Prices
“The solution to our current oil shortages isn’t more regulation, but less,” said Bernstein.
Energy Policy: Why the Price of Oil Is Surging
The government and the ecology movement have done everything in their power to raise the demand for and restrict the supply of oil.
“Spiraling” Oil Prices and “Obscene” Profits
On April 30, motorists nationwide staged the "Great American Gas-Out," to protest "spiraling" gas prices. And when consumers complain, rest assured politicians will do something dumb to make them happy. It didn't take long. In California, something called the Senate...
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