oil

Archive for Tag “oil”


Al Gore declares there is no such thing as ethical oil

Oil Drilling Platform in the Santa Barbara CA ChannelFormer vice president Al Gore recently spoke before a Toronto audience where he railed against, among other things, the Keystone pipeline.

Disappointed that lawmakers in the United States haven’t been doing more to stop projects that would bring oil to America, Gore reflected that the lack of gumption to stop the pipeline was most likely because people were failing to take the issue personally. He said that when people view these issues as a matter of personal values, they are more likely to take action:

“When these kind of issues settle into a choice between right and wrong, then the moral clarity that eventually develops makes it possible to move quickly.”

I absolutely agree.

We are surrounded by technology that oil has made possible, and sometimes it can be easy to forget exactly how valuable those things are to us. I’m taking a moment today to reflect on some of those values.

Oil makes fuel which has allowed us to make trips that would never have been possible just one hundred years ago. Kerosene-based rocket fuel put men on the moon and satellites into space that allow us to find our location anywhere on Earth, listen to music or watch television, track storms and communicate worldwide.

The gasoline which powers our automobiles makes journeying to stay in touch with family easy. In the mid-1800s my great-great-grandfather moved away from the family farm in Wisconsin to make his own way in the neighboring state of Minnesota. He never saw his brothers and sisters again, and his children never met their grandparents. There was never any bad blood between them; it was simply that the distance between the two farms was too great to make visiting possible. He packed up, made the journey and never looked back. There were just 400 miles between the two farms.

Oil-based technologies now make that journey easy—simply jump into your car and go. Mechanized combines and diesel tractors unburden a farmer from a great deal of physical labor and make a weekend trip possible—even in the dead of a Minnesota winter.

Oil makes jet fuel. Living in California, I am able to see my family in Minnesota by simply boarding a commercial airplane. These vehicles can weigh over 800,000 pounds and sail through the sky, making a journey that would have taken my great-great-grandfather well over a hundred days had he chosen to travel the Oregon Trail out to California. A direct flight makes the trip in about five hours.

But a single barrel of oil makes more than just fuels–about 16% of each barrel goes toward making products such as: sunglasses, telephones, asphalt, dishwashers, microwaves, surf boards, refrigerators, umbrellas, roofing, shampoo, nylon rope, clothes, insect repellent, skis, footballs, water pipes, yarn, hair dye, movie film, soft contact lenses, artificial limbs, motorcycle helmets, syringes, CDs and DVDs, aspirin, deodorant, shoes, stuffed animals, pacifiers, extension cords and shower curtains.

The list goes on for pages. But even on this short list above, how many things are there that have made your life better, easier, safer, longer and happier?

Keep these precious things in mind the next time Al Gore or anyone else tells you that you should choose to give up these “unethical” values and force everybody else in the country to do the same.

Standing in front of this group in Canada, Gore’s message was clear. He rejected the idea that there was any circumstance, any use, any origin of oil that makes it justified, redeemable or proper to use.

“There’s no such thing as ethical oil,” he said. “There’s only dirty oil and dirtier oil.” This remark apparently triggered a round of audience applause.

Without any viable alternatives to oil, it is unclear how strangling the pipeline at the border will be a cause for celebration. Consider the view of morality implied in Gore’s outlook. On his view, human innovation, human health, human happiness and human flourishing—all these are dispensable, and should be sacrificed. In my view, moral clarity implies just the opposite and a well-due round of applause for oil.

Image: Creative Commons License Mike Baird via Compfight


The assault on Alaskan energy production

Alaska is the home of Prudhoe Bay, the largest oil field in American history. It is also the home of many other potentially momentous oil discoveries, which have for years been thwarted by the arbitrary, anti-development power environmental groups wield over the state. As Dave Harbour explains on MasterResource today, the situation has reached a critical juncture:

It is indisputable that for the last 2.5 years the Federal government has undertaken a campaign of economic genocide against Alaska.

The Trans Alaska Pipeline System (TAPS) is 2/3 empty and declining at a 6% annual rate while billions of barrels of oil lie untapped on federal lands…

The Obama Administration will have killed Alaska’s economy and thwarted America’s economic recovery if TAPS ceases operation for lack of readily available but off-limits federal oil.

As I have described in the Wall Street Journal, environmentalist opposition to Prudhoe Bay and the Alaskan pipeline helped contribute to America’s energy crisis of 1973. Make sure to reader Harbour’s whole post to understand what’s at stake today.

image: Wikimedia Commons


Vindicating Standard Oil, 100 years later

May 15 is the 100th anniversary of the Supreme Court’s breakup of Standard Oil, history’s most notorious “monopoly.” In a new piece in The Daily Caller, I challenge the conventional story of Standard Oil—a story often used to disparage capitalism—and explain how Standard Oil earned its incredible success, thanks above all to the genius of John D. Rockefeller.

Here’s an excerpt from the piece.

In 1865, when Rockefeller’s market share was still minuscule, a gallon of kerosene cost 58 cents. In 1870, Standard’s market share was 4%, and a gallon cost 26 cents. By 1880, when Standard’s market share had skyrocketed to 90%, a gallon cost only 9 cents — and a decade later, with Standard’s market share still at 90%, the price was 7 cents. These data point to the real cause of Standard Oil’s success — its ability to charge the lowest prices by producing kerosene with unparalleled efficiency.

John D. Rockefeller had a rare business mind. He was at once a visionary, foreseeing a world in which his kerosene illuminated millions of homes, and an accountant obsessed with day-to-day penny-pinching.

Read the whole thing here. And for an in-depth examination of Standard Oil, monopolies, and antitrust law, read my essay “Vindicating Capitalism: The Real History of the Standard Oil Company.”

Image: Wikimedia Commons


Greens vs Energy

This Earth Day, the Ayn Rand Center wants to help you understand the destructive campaign environmentalists have pursued for decades against energy production.

Environmentalists say they only want to protect us from the dangers of CO2 emissions, but when you look at the history of what energy projects they oppose, it becomes clear that environmentalists are not so concerned about carbon emissions—they fight against every form of practical, cheap energy regardless of whether it emits CO2 (like fossil fuels) or not (like nuclear and hydro).

What is their real agenda? Should oil and nuclear be viewed as “dirty” and “dangerous?” Do solar and wind represent the future of energy as the environmentalists would have you believe? What did the recent tsunami in Japan actually reveal about the safety of nuclear energy?

Check out the materials on this blog by ARC writers and speakers that expose how environmentalists consistently oppose the kind of energy industrial development requires.

We also hosted a live Q & A session this morning from our headquarters in Irvine, CA, where resident fellows Dr. Keith Lockitch and Alex Epstein answered viewers’ questions about “green energy,” environmentalism, the recent nuclear scare in Japan, and related issues. A recording of this Q&A session can be viewed below.


Updates

“Greens vs. Energy” by Alex Epstein published in American Thinker

Keith Lockitch quoted in National Geographic article on Earth Day

Alex Epstein and Keith Lockitch discuss energy and environmentalism on the PJTV news show “Front Page”

Recording of Q&A session:

Read the rest of this entry »


“Green Energy”: A Recipe for Energy Poverty

Proponents of “green energy” claim that oil and coal are “dirty” addictions and that “renewable” energy sources, like solar and wind, represent the future of energy. Should we get on board with their plans?

Not according to ARC fellow Alex Epstein. Last Earth Day he wrote:

Fact: there are three proven categories of industrial-scale energy: carbon-based, which produces about 86% of the world’s energy; nuclear, which produces roughly 6%, and hydroelectric, which produces another 6%. Revealingly, most environmentalists oppose nuclear and hydroelectric (both emissions-free) as insufficiently “green”; in the last several decades they have successfully made nuclear plants nearly impossible to build and shut down hundreds of dams.

That means a meager 2% of energy is produced by “green” sources such as wind, solar, and plant/animal materials (“biomass”). Is this a case of promising technologies denied a chance to develop? Hardly; they have been heavily subsidized in the United States for decades. Consider: In 1977 Jimmy Carter proclaimed that he would “develop permanent and reliable new energy sources. The most promising, of course, is solar energy, for which most of the technology is already available.”

But even with decades of subsidies, “green” proposals have failed to deliver the industrial-scale energy required to fuel our cars, light our homes, and make possible the daily activities of our modern economy—like running hospitals, transporting goods, and growing food on an industrial scale.

Why do “green” alternatives like solar and wind perform so poorly? According to Mr. Epstein:

“Green energy” has failed because it lacks the physical properties necessary to provide industrial-scale power: a combination of abundance, high energy concentration, and reliability. For example, where coal, oil, and natural gas can be burned whenever power is needed, at the exact quantity needed, wind and sunlight can be harnessed only when the weather cooperates—and electricity can’t be stored for a rainy day. Thus, they are always used as supplemental, not primary, sources of power on electric grids. Statistics about Denmark getting 10% or 20% of electricity from solar and wind are misleading; that is the maximum they can get without seriously endangering the grid with power outages and electronics-frying power overloads.

Yet despite the physical shortcomings of “green” alternatives, their proponents continue to push for political programs that would force a shift to these meager energy forms. What would this mean for our daily lives? In his essay “Energy Privation: The Environmentalist Campaign Against Energy” in Why Businessmen Need Philosophy, ARC fellow Dr. Keith Lockitch considers what life would be like without industrial-scale energy. He says:

Today industrial-scale energy fuels a global trade worth trillions of dollars, with automated factory equipment churning out all manner of life-enhancing goods and with petroleum-powered trucks, freight trains, and cargo ships carrying them all over the planet.

Yet even today, large numbers of people still suffer for lack of industrial-scale energy. About 1.5 billion people have no electric lighting, refrigeration, computer technology, electronic devices or medical equipment—no access to electricity at all. About 2.5 billion people—more than one-third of the world’s population—have no source of energy for heating or cooking other than biomass fuels such as wood or animal dung, and the resulting smoke from open fires is a leading cause of death in undeveloped countries. The World Health Organization estimates that about 1.6 million people die every year from respiratory diseases directly attributable to indoor air pollution—almost as many as die annually from AIDS.

Similarly, for lack of freshwater and sewage infrastructure built and powered using industrial-scale energy, “over 1 billion people globally lack access to safe drinking-water supplies, while 2.6 billion lack adequate sanitation.” Consequently, “diseases related to unsafe water, sanitation and hygiene result in an estimated 1.7 million deaths every year.” And for lack of an adequate capacity for food production and distribution, chronic undernourishment affects more than 1 billion people. The result is that in parts of the world today—particularly in parts of Africa—life expectancy is under forty years. It hasn’t been that low in the industrialized world since the eighteenth century—and today, in industrialized countries life expectancy is closer to eighty years.

Industrial-scale energy is an indispensable, life-saving value. It has completely transformed human life for the better in the industrialized world. And the benefits of industrial development will come to undeveloped countries only if they develop the infrastructure for the large-scale production and use of energy, as India and China are currently doing.

All of the life-saving, life-enhancing goods and services we enjoy today in industrialized society require massive amounts of cheap, concentrated, and reliable energy—and solar and wind just don’t cut it. But if “green energy” proponents get their way, what quality of life can we expect in the future?

If you have questions about the “green energy” movement, be sure to submit them here and watch the live Q&A on Earth Day (tomorrow, Friday, April 22) at 9 a.m. PST via ARC’s Facebook page to hear your questions answered by Dr. Keith Lockitch and Alex Epstein.


What “Going Green” Really Means

When the proponents today of “green” energy call for massive reductions in carbon emissions, they lead us to believe that their goal is to protect human beings from the negative consequences of a warmer planet. But is it?

The Ayn Rand Institute has been saying for years that, while the environmentalist movement has led the public to believe its goal is human welfare, this is a ruse. As Peter Schwartz wrote in “Man vs. Nature” more than a decade ago:

The common view of environmentalism is that its goal is the betterment of mankind—that it wants to purify our air and clean up our parks so that we can live healthier and happier lives. But that is a very superficial interpretation. When environmentalists are faced with a conflict between the “interests” of nature and those of man, it is man who is invariably sacrificed. If there is a choice between electric power for human beings and swimming lanes for salmon, it is always the fish that are given priority. If there is a choice between cutting down trees for human use and leaving them untouched for the spotted owl, it is always the bird’s home that is saved and human habitation that goes unbuilt. Why?

Because the requirements of human life are not the standard by which environmentalists make their judgments. Their goal is to maintain nature in its virginal state—despite the demonstrable harm this inflicts upon people. They want to preserve wildernesses, to enshrine wetlands, to tear down dams and levees—i.e., to prevent the man-made “intrusions” upon nature.

What does it mean if wilderness, not human life, is the standard by which environmentalists operate? In Schwartz’s words, “[it] means that man must suffer so that nature remains pristine.”

ARC fellow Dr. Keith Lockitch expands on this point:

Everything we do to sustain our lives has an impact on nature. Every value we create to advance our well-being—every ounce of food we grow, every structure we build, every iPhone we manufacture—is produced by extracting raw materials and reshaping them to serve our needs. Every good thing in our lives comes from altering nature for our own benefit.

Human survival, by its nature, requires re-shaping the earth to meet our needs. So if the environmentalist goal is to preserve the earth as is, it is human survival and progress that must be sacrificed. One of the most concrete, gross examples of this is the environmentalist campaign against DDT in the 1960’s. Dr. Lockitch explains:

The environmental crusade against DDT began with Rachel Carson’s antipesticide diatribe “Silent Spring,” published in 1962 at the height of the worldwide antimalaria campaign. The widespread spraying of DDT had caused a spectacular drop in malaria incidence—Sri Lanka, for example, reported 2.8 million malaria victims in 1948, but by 1963 it had only 17. Yet Carson’s book made no mention of this. It said nothing of DDT’s crucial role in eradicating malaria in industrialized countries, or of the tens of millions of lives saved by its use.

Instead, Carson filled her book with misinformation—alleging, among other claims, that DDT causes cancer. Her unsubstantiated assertion that continued DDT-use would unleash a cancer epidemic generated a panicked fear of the pesticide that endures as public opinion to this day.

[…]

In the few minutes it has taken you to read this article, over a thousand people have contracted malaria and half a dozen have died. This is the life-or-death consequence of viewing pestilent insects as a “necessary” component of a “vibrant biosphere” and seeking a “reasonable accommodation” with them.

Similarly, today’s “green” energy proponents oppose every form of practical, cheap energy in order to minimize the human impact of industrialization on the earth. In his essay “Energy Privation: The Environmentalist Campaign Against Energy,” Dr. Lockitch notes:

Oil, coal, natural gas, nuclear power, hydroelectricity. Altogether, these sources provide essentially all of the world’s energy—more than 98% of it, to be exact. They collectively supply more than 96% of the world’s electricity, while petroleum alone accounts for more than 94% of the world’s transportation fuel. These energy sources are what currently power our modern world, and, given their indispensable role in agriculture, manufacturing, transportation, and all the other elements of industrial civilization, it’s no exaggeration to say that they are literally keeping us all alive.

Yet, mainstream environmental groups systematically reject each one as unacceptable forms of energy.

With “green” alternatives like solar and wind being fantasy energy solutions, could the motive of “green” energy proponents actually be to oppose human welfare in the name of erasing man’s “footprint” from the earth? That is the controversial proposition Ayn Rand argues for at length in her book Return of the Primitive.

If you have questions about the “green energy” campaign and its opposition to every practical form of energy, or about environmentalism more broadly, be sure to submit them here and watch the live Q&A on Earth Day (Friday, April 22) at 9 a.m. PST to hear your questions answered by Dr. Keith Lockitch and ARC fellow Alex Epstein.

 


Industrial Development Promotes Human Life

For years, environmentalists have warned us that economic progress under capitalism paves the way for future devastation. Smoking coal stacks blacken our lungs. Growing populations set the stage for widespread famine. Gas-guzzling SUVs warm the planet and lead to frequent hurricanes and droughts.

Ayn Rand held a radically different view of the impact of industrial development on human survival. In 1971, she wrote in the essay “The Anti-Industrial Revolution”:

In Western Europe, in the preindustrial Middle Ages, man’s life expectancy was 30 years. In the nineteenth century, Europe’s population grew by 300 percent—which is the best proof of the fact that for the first time in human history, industry gave the great masses of people a chance to survive.

If it were true that a heavy concentration of industry is destructive to human life, one would find life expectancy declining in the more advanced countries. But it has been rising steadily. Here are the figures on life expectancy in the United States (from the Metropolitan Life Insurance Company):

1900—47.3 years

1920—53 years

1940—60 years

1968—70.2 years (the latest figures compiled)

Anyone over 30 years of age today, give a silent “Thank you” to the nearest, grimiest, sootiest smokestacks you can find.

Rand viewed industrial development as an enormous positive that greatly improved the quality of life for everyone. Far from it being an impediment to human survival, she argued that industrialization dramatically changed for the better how people dealt with their environment. For example, she noted in the same essay:

Without machines and technology, the task of mere survival is a terrible, mind-and-body-wrecking ordeal. In “nature,” the struggle for food, clothing and shelter consumes all of a man’s energy and spirit; it is a losing struggle—the winner is any flood, earthquake or swarm of locusts. (Consider the 500,000 bodies left in the wake of a single flood in Pakistan; they had been men who lived without technology.)

ARC fellow Dr. Keith Lockitch expands on this point:

Consider the poster child of global warming alarm: Hurricane Katrina. In 1970, a severe tropical cyclone struck the coast of the Bay of Bengal, in what is today Bangladesh. It is estimated that the storm was a category 3 cyclone, and the death toll it left in its wake was estimated to have been as high as three hundred thousand people. Compare this with Hurricane Katrina, which struck New Orleans in 2005. By the time it made landfall Katrina was also a category 3 storm and the directly affected population was comparable to that in Bangladesh. Yet the number of people dead or missing was far, far less—estimates put it at around two thousand

Without denying the tragedy of the lives lost to Katrina, two thousand versus three hundred thousand is an incredible difference. In assessing what accounts for that difference, one can debate the relative roles of social, political, geographic and climatologic factors, but there can be no question of the fundamental and decisive importance of the technology and infrastructure made possible by industrial capitalism. Unlike the helpless victims of the Bangladesh storm, the citizens of New Orleans could rely on advanced early warning systems and a functioning communications infrastructure, modern vehicles and paved roads to facilitate evacuation and transport relief supplies, sturdier homes and structures and advanced flood control systems, etc. Indeed, much of this even failed in New Orleans: the levees were breached, many people couldn’t or wouldn’t evacuate, the relief effort was delayed, and so on. Yet, even in spite of these failures, hundreds of thousands of lives were saved by the products of industrial technology and industrial-scale energy.

This is the real lesson of today’s climate-related tragedies: the immeasurable degree to which industrial development under capitalism has reduced our vulnerability to climate threats.

Read the rest of Dr. Lockitch’s paper here. Read more of Ayn Rand’s view on environmentalism here.

If you have questions about how industrial development has made us far less vulnerable to climate disasters or want to know about how it has kept us safer from other environmental dangers, like pollution, disease, resource shortages and more, be sure to submit your questions here and watch the live Q&A on Earth Day (Friday, April 22) at 9 a.m. PST to hear your questions answered by Alex Epstein and Dr. Keith Lockitch!


Gearing Up for Earth Day—Live Q&A on April 22!

As Earth Day (April 22) approaches, the Ayn Rand Center wants to help you understand the destructive campaign environmentalists have pursued for decades against energy production.

Environmentalists say they only want to protect us from the dangers of CO2 emissions, but when you look at the history of what energy projects they oppose, it becomes clear that environmentalists are not so concerned about carbon emissions—they fight against every form of practical, cheap energy regardless of whether it emits CO2 (like fossil fuels) or not (like nuclear and hydro).

As ARC fellow Dr. Keith Lockitch explains in his essay “Energy Privation: The Environmentalist Campaign Against Energy” in the new collection Why Businessmen Need Philosophy:

Environmentalism is a broad social and political movement, with roots stretching back decades and with a diverse array of leaders, groups, institutions, and perspectives. But despite its diversity, it is, in essence, an intellectual movement animated by a particular ideology—by a set of philosophic premises that shape its actions and guide its ultimate direction. And the basic moral premise at the root of environmentalism is the premise that nature is something to be left alone—to be preserved untouched by human activity.

To the opponents of small hydro projects, for instance, the possibility of “cumulative impacts” on salmon runs or the habitat of the Furbish lousewort renders irrelevant the numerous homes that could be supplied with electricity. To Myers and his fellow desert activists, if a patch of scorched terrain is favored by the desert tortoise or the bighorn sheep, it should never be “bladed off” for the sake of any sort of industrial development—not even a solar power plant. This moral animus against human “intrusion” upon nature creates a basic conflict between the goals of the environmentalist movement and the needs of human life.

In the days leading up to Earth Day, Voices for Reason will be posting materials by ARC writers and speakers that expose how environmentalists consistently oppose the kind of energy industrial development requires.

Then on Earth Day, which is on Friday, April 22, we will be hosting a live Q&A session from our headquarters in Irvine, CA, where resident fellows Keith Lockitch and Alex Epstein will answer any questions you have about Earth Day, environmentalism, the recent nuclear scare in Japan, and related issues.

The event will be held at 9 a.m. PST and can be watched via the Ayn Rand Center Facebook page (you won’t need a Facebook account to attend the event).

If you have questions you would like answered, you can submit them via the Facebook page for this event (you will need a Facebook account for this). While the event is taking place, you can log onto Facebook and chat with us and others also watching. If you have a follow-up question, you can ask it at that time.

We encourage you to submit your questions!  And be sure to RSVP to the event if you are planning to attend.


Are you consuming too many “energy calories”?

A recent New York Times op-ed floats the following trial balloon: force companies to label products and services with the amount of energy–especially oil–that goes into making them, so that we will reduce energy consumption just as we allegedly reduce calorie consumption based on mandatory food labels. (For what’s wrong with mandatory food labels, read this post by Don Watkins.) The author, Amanda Little, seems positively giddy at the idea of a “Decal” that would guilt Americans into using less energy, and perhaps into being primed for mandatory energy reductions.

Once Decal took hold, the Department of Energy could recommend daily energy allowances, in the same way the Department of Agriculture recommends daily intakes of different nutrients. Experts could offer “diet” plans for energy-efficient lifestyles, and the Internal Revenue Service could offer tax rebates to families that achieve certain energy-calorie reductions.

The whole food-calories/energy analogy is horrible. As human beings, food calories are something we can only healthily consume so much of. But there is no such limit when it comes to energy and machines. Energy is the capacity to do work–a potentially unlimited value; the more energy we use, the more productive we can be, and the more options we have to enjoy life (e.g., more travel).

Image: Wikimedia Commons


The missing context on Saudi oil reserves

One reason that I created Power Hour, my monthly Internet radio show where I interview today’s top energy experts on today’s top energy issues, is that too much discussion of energy issues consists of sound-bites or out-of-context statistics, without the full context. On the February Power Hour, guest Michael Lynch stressed this point in connection with Peak Oil theory, where many “experts” lack a solid foundation in the economics and history of the petroleum industry. And this week in the New York Times, Lynch made the same point about the recent hubbub over Saudi oil reserves. I strongly recommend reading the whole thing, but I want to highlight a couple of passages:

AS WikiLeaks’s trove of diplomatic dispatches continues to trickle out, one recent release has caused quite a stir: a cable from an American diplomat who said he was told by a Saudi oil executive that both official estimates of Saudi oil reserves and their ability to meet global demand in the long run have been vastly exaggerated. In turn, many proponents of “peak oil” theory, the idea that the global rate of oil production has entered a terminal decline, have insisted that the cable confirms their view on resource scarcity.

Actually, it does nothing of the sort. The Saudi executive, Sadad al-Husseini, a former head of exploration for the Saudi oil monopoly Aramco, has been making such claims for years. Finding them repeated in a confidential cable is news only to those unfamiliar with the field.

In other words, the cable is “news” in the same way that a cable from Al Gore warning of catastrophic global warming would be news.

More important, his claims don’t stand up to scrutiny. For one thing, according to the cable, Dr. Husseini said that estimates of Saudi “reserves” were exaggerated by some 300 billion barrels. But this is impossible, as the Saudi government’s estimate of proven reserves is actually less than that amount–roughly 267 billion barrels.

More likely, Dr. Husseini was referring to claims by some Saudi oil executives that, over the long term, they expect to find 900 billion barrels in the ground, and that 51 percent of it will be recoverable. So the dispute has nothing to do with current reserves, but with projections that are speculative by definition. Aramco’s numbers may be an educated guess, but experts in the field know they are just a guess.

In other words, many discussing the story don’t know the meaning of the term “reserves,” nor the amount of Saudi Arabia’s declared reserves. And yet, they are willing to proclaim that oil production is terminally declining, and that this will inevitably lead to some sort of apocalypse.

For a serious, in-depth examination of Peak Oil and the fallacies behind it, listen to my hour-long interview with Lynch on February’s show. And to keep up with future shows, subscribe to my monthly newsletter, “Life, Liberty, and the Pursuit of Energy.”