In 1958, Leonard E. Read wrote the book I, Pencil.
As the book’s title suggests, this is the story about a pencil, told from the pencil’s perspective.
The pencil traces his beginnings – from the cedar forests of Northern California and Oregon – to the mill in San Leandro, California, where specialized equipment cuts the logs into pencil-length slats.
Next, the newly-cut slats move to the pencil factory, where machinery cuts eight grooves into each slat and inserts graphite.
Read goes on to further describe each part of the pencil manufacturing process.
His point: Even something as simple as manufacturing a pencil is a highly complex process. Yet left to the free market, profit incentives allow individuals and companies to efficiently combine raw materials and produce any in-demand product.
No committee of central planners is required anytime during the manufacturing process.
So, if central planning cannot produce something as simple as a pencil, how can governments expect to coordinate and control a product as critical and vital as energy – whose production is exponentially more complex than a pencil?
They can’t. But they’ll still try.
To be fair, although the current administration in Washington has enacted plenty of anti-energy policies, they aren’t solely responsible for the world’s dire energy predicament. In fact there’s plenty of blame to go around.
In recent years, “woke capitalism” has gained a serious foothold in western financial markets.
Led by the movement’s high priests, like Larry Fink (who manages $10 TRILLION at Blackrock), and Klaus Schwab of the World Economic Forum, one of their key tenets is replacing fossil fuels with green energy solutions.
Sadly, many of the world’s largest energy companies have bent the knee to the Holy Climate Warriors. Now, at Sovereign Man, we like a clean and pristine environment as much as anyone, and we have a strong desire to leave a better world for our children.