About Us

Ken Malloy is the Founder and Executive Director of CRISIS & energy markets! (caem!)(a US pro-free market think tank). He has also been an adjunct professor at Randolph-Macon College in law and economics of energy and environment, the Executive Director of Randolph-Macon College’s Moral Foundations of Capitalism Program, and a Senior Fellow with the Ocean State Policy Research Institute (OSPRI).

To enhance its credibility,caem! does not accept contributions from government, energy/environmental corporations, trade associations, or law/consulting firms, in other words anyone who cares about what we do.

In contrast to Autarkism, Envirocentrism, and Laissez-faire, caem! pioneers Energy Exceptionalism, an actionable philosophical framework based on principles that would solve the Nation’s energy problems, achieve global sustainability, and restore American global leadership in energy. Energy Exceptionalism relies on economic principles that recognize:

  • the benefits of robust, level playing field competition in energy markets;
  • the critical role of innovation, technology, and adaptivity in meeting energy challenges;
  • dysfunction in energy markets caused by market failures (monopoly and environmental externalities) and government failures (subsidies, mandates, and regulatory overkill); 
  • the wisdom of cautionary government intervention disciplined by the lessons of energy policy history; and
  • the necessity of US global leadership in the energy sector.

Using the principles of Energy Exceptionalism, caem! will soon release the Responsible Ecoviergy Policy Index (REP Index).  The REP Index is an economic tool for evaluating specific policy proposals (e.g., the Pickens Plan or the Waxman Markey bill) using 10 microeconomic attributes, allowing readers to make a variety of different comparisons of different plans against each other.  In September 2011, caem! completed an analysis of HR 1380, the so-called NAT GAS Act for the Central Florida Tea Party Council and the Liberty Restoration Foundation (op-ed link) . In January 2012, Ken gave a presentation on the challenges of energy policy to the American Enterprise Institute (AEI) Youtube or AEI. He also recently appeared on PBS’s Inside E Street (link).

caem! conducts research and analysis into the impact on energy markets of proposals to deal with crises that can be used opportunistically to distort energy markets, such as climate change, imports of oil, and volatile prices/supply.  caem! accepts that carbon emissions may be causing some global warming.  caem! recognizes, however, that: there are as yet significant uncertainties; that policy must be rigorously market-oriented; and that polices must be effective, not wishful thinking.  caem! largely adopts the positions of Bjorn Lomborg in his books Cool It (2007) and Climate Solutions (2010) that monies proposed for climate change policies must be measured against other positive things for which that money could be used.  When such a rigorous calculation is made, immediate radical carbon mitigation is a very poor investment and harmful to economic growth and third world aspirations.

Ken was formerly the CEO of the Center for the Advancement of Energy Markets, which he founded in 1999, which promoted competition in electricity markets.   Ken was named by Public Utilities Fortnightly as one of five “Energy Innovators: Ringing in an Age of Enlightenment.”  The Center produced for four years the Retail Energy Deregulation Index (RED Index), a report card on 67 international jurisdictions’ electric competition policies, as well as many other studies and reports. He has also been anadjunct professor at Randolph-Macon Collegein law and economics of energy and environment and a Senior Fellow with theOcean State Policy Research Institute (OSPRI).

Ken is internationally recognized as a bold visionary on competitive energy policy, having been featured on CNN, PBS’s Nightly Business Report, Time Magazine, MSNBC, Business Week, US News and World Report, National Public Radio, National Review, the Washington Post, NY Times, Chicago Tribune, Christian Science Monitor, and USA Today (full page spread on February 1, 2001, entitled “States Take Varied Routes to Energy Deregulation”).  He has given 1000+ energetic, provocative, and entertaining presentations over the last three decades to every sector of the energy industry, including the US Senate and House and numerous state commissions.

He was the US Department of Energy’s lead career official on policies relating to competition, regulatory reform, and industry restructuring over three Administrations (1987 to 1996).  A lawyer by training, he has held positions in the areas of natural gas, electricity, and oil policy.  He was Deputy Executive Director and General Counsel of the Illinois Commerce Commission, Director and Assistant Director of FERC's Office of Economic Policy, and staff attorney in FERC's Office of General Counsel.
During his DOE tenure, he advocated Reagan Administration reforms that resulted in an economic revolution in natural gas markets.  Judged from the perch of a 25 year retrospective, these natural gas reforms were extraordinarily successful and provide a fascinating case study of a before-and-after contrast between policies using a market versus a statist framework.  A high point was his controversial recommendation to FERC regarding the Natural Gas Policy Act, which was reversed by the 10th Circuit Court of Appeals, but upheld by a unanimous US Supreme Court, resulting in more robust competition in natural gas markets and billions of dollars in benefits to consumers (FERC vs. Martin Exploration, 486 US 204 (1988)). 

Prior to FERC, Ken was a law professor at Western New England College School of Law, teaching in the area of federal economic regulation of industry.  Ken graduated with honors from Boston College Law School in 1978, where he was an author and editor of the Boston College Law Review.  He has taken graduate economics courses at George Mason University.

 

 

Media

Click HERE to read what people are saying about Ken Malloy and select appearances.

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