American Energy 101

Hugh Hewitt has added a new feature to his radio show and his website. It is called “The 5-Minute Energy Blog.” It is a quick primer for those of us who are not scientific types to understand America’s energy problems and energy solutions. The feature is written by Tim Dunn, CEO of CrownQuest Operating, one of the top oil producers in Texas. Tim is also the vice-chair of the Texas Public Policy Institute.

In the first installment of The 5-Minute Energy Blog, Mr. Dunn states that the political choices we make as Americans in the next ten years will determine whether or not America has an energy crisis.

The article states:

If we decide as a country that policy experts in Washington DC should make decisions about energy, then I predict the bureaucracy economy in DC will be very fat and powerful, and the rest of the economy will get very thin and weak.  On the other hand, if we are able to retain our heritage of self-governance, and allow individual Americans to make their own choices in a free marketplace of ideas, businesses and consumer choices, then I think we will have a fit and prosperous economy for the indefinite future.  And, of course, the bureaucrat economy will have to go on a diet.

It’s one or the other.  We can’t have market choices and a centrally planned economy.

That is the choice we face in November. Mr. Dunn points out that whoever controls energy controls the economy. If control is taken away from the free market and given to the central government, energy innovation will come to a standstill. When there is no incentive to innovate, innovation ceases. A profit motive is a strong incentive, when it is removed, innovation stalls.

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