I seriously doubt that the editor of the journal Public Choice (Munger) would suggest that government resources be "applied" to renewables. The question of whether private resources go to alternative energy is not his to make. So, am I reading this N&R editorial wrong (as it doesn’t specify government resources)?
The only candidate for governor not mindful of public opinion is Libertarian Mike Munger, a Duke University economics professor. He calls the offshore drilling issue a "gimmick" that won’t impact oil prices and says resources should be applied to the development of alternative energy.
Surely, too, Munger’s "gimmick" line was taken out of context, as those oft-derided speculators would very likely affect gas prices (yes, in the short term). With the prospect of new supplies eventually coming online (a context in which N.C.’s drilling would be a part of a wider domestic oil portfolio approved by Congress), speculators would probably adjust their estimates about future supplies.
Anyway, resources being "applied" to "alternative energy" isn’t a decision for governments or would-be governors, but of entrepreneurs, to make. So, Munger is either really becoming a politician in the perjorative sense (and un-becoming a libertarian, which is unbecoming of a libertarian), or someone at the N&R has some more ‘splaining to do about Munger’s position on energy. I’d guess probably the latter.