A Free-Market Energy Blog

About

MasterResource is a forum about energy markets and public policy. Precisely because energy is the lifeblood of the modern economy – the “master resource” that affects the production and use of all other resources – energy markets are often thought of as “different” and thus deserving of special political direction. We believe that the economic rules governing energy are no different from those governing other markets and are thus skeptical about government intervention. Drawing on this perspective, MasterResource hopes to better inform the energy debate in a civil but forceful manner, without recourse to political partisanship or ideological cant.

More than two hundred authors have contributed to MasterResource since its founding in late 2008. Each author’s analysis and opinion are that person’s alone and do not necessarily represent the views of other authors and that of the Institute for Energy Research.

MasterResource welcomes comments of substance that are on-topic and in good taste. MasterResource comments that are cross-posted elsewhere by the author should follow the same standard for comment privileges.

Robert L. Bradley, Jr.

Rob Bradley’s interest in energy began when he prepared a study on the oil-reseller boom for a Houston bank in 1980. This investigation into the interplay of business and 1970s oil price and allocation regulation led him to apply for a grant from the Cato Institute to write a history of U.S. oil and natural gas regulation, an anticipated 18-month project that turned into five years of full-time effort. After nearly a decade of trying to find a publisher for the 2,000-page tome, Oil, Gas, and Government: The U.S. Experience was published in two volumes in 1996 by Rowman & Littlefield. That beginning was followed by 16 years in the energy industry. In 1985, Bradley joined HNG-InterNorth (soon to be renamed Enron) as a Houston-based analyst with Transwestern Pipeline Company, which sold natural gas to the California market. An interstate gas transmission company, Transwestern was regulated by the Federal Energy Regulatory Commission (FERC), which provided Bradley with an education into cost-of-service, public-utility regulation. With natural gas as the swing fuel in California’s electricity generation, Bradley also became conversant with the electricity market and public-utility regulation of gas and electricity on the state level. The California Public Utilities Commission was also active in environmental programs, as was the California Energy Commission. In 1995, Bradley left Transwestern to become director of public policy analysis at Enron, a corporate staff position. A primary job was preparing speeches for chairman and CEO Ken Lay, but Bradley also was involved in legislative and regulatory issues. It was here that he became very involved in the internal debate over global warming strategy and renewable energy. His criticism of climate alarmism and Enron’s “political capitalism” is evidenced by memos posted on the website, www.politicalcapitalism.org. Today, Bradley is the founder and CEO of the Institute for Energy Research; a senior fellow at the American Institute for Economic Research (AIER); and a fellow of the Institute of Economic Affairs in London. He is the author of eight books on energy history and public policy. His current book project is Energy and Leviathan: A Political Economy Primer. His website, www.politicalcapitalism.org, is dedicated to his multi-volume history of the rise and fall of Enron.

Roger Donway

Roger Donway has for 35 years been a professional editor of scholarly publications. He studied philosophy at Brown University as both an undergraduate and graduate student, and has written two books in the field of business law, as well as several hundred printed articles on a wide variety of topics, from genetics to poetry. He is keenly optimistic about the future of energy, particularly the open-ended prospects for nuclear power.

Kassie Andrews

Kassie Andrews is an energy expert on Alaskan politics and resource development. A lifelong Alaskan, her career in energy has involved project management, construction, and finance.

John Droz, Jr.

John Droz Jr. is the founder of Alliance for Wise Energy Decisions (AWED), a 10,000-member international coalition promoting science-based energy and environmental policies. John is the author of the popular Substack: Critically Thinking about Select Societal Issues. Mr. Droz received undergraduate degrees in Physics and Mathematics from Boston College, a graduate degree in Physics from Syracuse University, and has been a Mensa member. He worked for GE Aerospace Electronics, Mohawk Data Sciences, and Monolithic Memories. After retiring at age 34, he has focused on educating citizens about energy and environmental issues. John has been a guest speaker on dozens of radio and TV shows nationwide, as well as lectured to numerous organizations on energy and environmental issues. In addition to publishing more than one hundred articles on energy policy, Droz has testified before the North Carolina legislature and the U.S. House of Representatives Science & Technology Committee.

Stephen Heins

Stephen A. Heins is an independent energy writer based in Sheboygan, Wisconsin. His Substack site, The Word Merchant, focuses on energy humanism, practical environmentalism, and cooperative federalism. For the last quarter century, he has made a case for global energy plentitude, low cost, and fairness given that reliable, affordable energy is the foundation of health, work, and human flourishing. Heins has curated and published nearly 9,000 articles and op-eds, on a daily schedule at The Word Merchant, drawing on the leading free market energy thinkers. At The Word Merchant on Substack, he has curated and published nearly 9,000 articles and op-eds, on a daily schedule with no days missed, drawing on writers across the energy-sanity bench: Robert Bryce, Judith Curry, Bjørn Lomborg, Alex Epstein’s fellow travelers, Doomberg, Roger Pielke Jr., and many others. The archive is searchable. The filter is strict. He skips the mundane and keeps the pieces that change how a reader sees supply, demand, policy, or price. A running Tribute Series honors the architects of abundance, from industry operators to historians, including a 2026 tribute to Robert L. Bradley Jr. on this site. He writes in plain Midwest English, short paragraphs, dense facts, and no borrowed alarm. Recurring subjects include the flaws in the social cost of carbon, the retirement of implausible high-end emissions scenarios, Europe’s energy-poverty experiment, China’s coal buildout behind green public relations, Africa’s need for power rather than lectures, and the American shale and nuclear record as a practical proof of concept. He is also a poet, and he treats clear language as part of the job. He has funded this work himself for years while living on Social Security, which he treats as the price of editorial independence. He welcomes reader support and does not take instruction from donors, industries, or campaigns. His views are his own. At MasterResource he will write in that same register: history, markets, and the master resource itself, judged by whether the lights stay on and ordinary people can afford them.

Mark Krebs

Mark Krebs is a mechanical engineer by training with over thirty plus years of broad experience managing both natural gas and electricity energy efficiency programs for several major utilities. Mark’s unique perspectives were summarized by MasterResource in June 2016 by the following article: • Mark Krebs: Digging Down on Energy Efficiency Claims (an interview) Some examples of Mark’s publications (besides those published here) include: • “It’s a War Out There: A Gas Man Questions Electric Efficiency” (Public Utilities Fortnightly December 1996). • “Fundamentals of Desiccant Dehumidification Technologies in Commercial Air Conditioning Systems,” (Improving Building Systems in Hot & Humid Climates, October 9-10, 1990). Mark is presently employed by Spire Inc. (formerly the Laclede Group and Laclede Gas before that) where he has been since 1994. Please note that Mark’s comments do not necessarily represent the official positions or policies of Spire or anyone else for that matter.