MasterResource Turns 17

On this day in 2008, I launched MasterResource. The inaugural post, A New Energy Blog, read:

We are just getting started here, but some of us veterans of the energy debate from a private property, free-market perspective have teamed together to offer our thoughts on late breaking energy items. When I read my newspapers each day, I have some thoughts that I wish I could share with folks from a historical, worldview perspective. I think we all have something to add–and thus the inspiration for this endeavor.

We have a good core group of principal (and principled) bloggers, as well as a growing list of guest bloggers. We aim to post new material most every day. What we have to provide to the reader is frequent insight so that you visit us regularly.

There will be some trial and error, but this is the time to launch. President-elect Obama and his team have little concept of history in the energy debate–what W.S. Jevons said about renewable energies in the 1860s or the perils of U.S. energy regulation learned from wartime planning and the 1970s. Some of us will dwell on this to add some unique perspective to the debate.

By the way, our blog name is inspired by the late Julian Simon (1932–1998). He labeled energy “the master resource” because it is the resource needed to bring other resources from a state of nature to one of human usefulness. Simon also used the term “the ultimate resource” to describe human ingenuity. As the institutional economist Erich Zimmermann once said, resources come from the mind, not the ground.

Finally, I do hope mainstream journalists and many other open-minded individuals will come our way in the great energy and climate debates. The Obama march to energy statism needs a lot of debate. Big Government Democrats are not the cure to Big Government Republicanism. Oil, natural gas, and coal are middle class, working class energies. Wind and solar are for the rich. Wind power, in particular, as my friend Robert Bryce has put it, is the ethanol of electricity. Maybe, just maybe, these parasitic, inefficient energies will get the scrutiny they deserve from all sides of the political spectrum.

Peak Oil. Peak Gas. Climate Emergency. Worsening Pollution. Green Energy. The fallacies of old remain in the debate today, although the intellectual case against has only grown. Market failure has been swamped by both analytical failure and government failure.

New issues have arisen with the weak sister of the U.S. energy market, electricity. Mandatory Open Access. Independent System Operators. Regional Transmission Organizations. Old vinegar in new bottles with central governmental planning and dilute, intermittent, fragile wind and solar requiring battery backup. Much to discuss and debate in 2025!

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