More than two thousand leading scientists and academics have called on world leaders to commit to a new fossil fuel ‘non-proliferation treaty’, committing to urgently phase out the use of coal, gas and oil in response to the emerging threats posed by climate change. The open letter has been delivered to UN secretary-general António Guterres, […]
China plans its first public auction of state crude oil reserves to a select group of domestic refiners, the reserves administration announced, as Beijing looks to cool high raw material costs for manufacturers. The releases will take place in phases and are intended for integrated refining and chemical plants, the National Food and Strategic Reserves […]
America’s 20-year war in Afghanistan has ended. U.S. President Joe Biden eloquently defended the withdrawal by chiding U.S. proteges in the collapsed Afghan government for their failure to fight for themselves. But America’s haphazard withdrawal from Afghanistan also put an end to 20 years of the war on terror, which mobilized U.S. allies and other […]
China’s efforts to thread the needle between an often conflicting array of environmental, economic, social and geopolitical objectives are playing out in increasingly unpredictable global commodity markets. The world’s biggest consumer of raw materials, and a major producer of some of them, is attempting to curb carbon emissions and conserve electricity, while at the same […]
“Higher gasoline costs, if left unchecked, risk harming the ongoing global recovery. The price of crude oil has been higher than it was at the end of 2019, before the onset of the pandemic. While OPEC+ recently agreed to production increases, these increases will not fully offset previous production cuts that OPEC+ imposed during the […]
Scores of Extinction Rebellion activists blocked access to Norway’s oil and energy ministry for more than five hours on Monday, before police cleared the demonstration and made arrests. Around 17 campaigners, some with “Ban oil” written on their palms, occupied the ministry’s reception, while dozens of others demonstrated outside, stopping people getting into the building […]
Preface. This is a book review of Howard Bucknell’s Energy and the National Defense. University of Kentucky Press. Bucknell was amazingly prescient as you’ll see in this review, especially about why democracy might not survive the energy crisis. Though it turns out the U.S. may not need an energy crisis to descend into totalitarianism. It’s […]
In 1987, dozens of nations adopted the Montreal Protocol, agreeing to phase out the use of chlorofluorocarbons and other chemicals used in refrigerants, solvents, and other industrial products that were breaking down Earth’s protective ozone layer. It was a landmark achievement, the most successful example of nations pulling together in the face of a complex, […]
The industry needs to address questions such as “which emissions are accounted for, what methodology is employed in the emissions measurement and verification, and how the emissions are priced—either through a carbon credit or a carbon tax WHAT IS CARBON NEUTRAL? The terms ‘carbon neutral’, ‘carbon off-set’ or ‘carbon off-set compensation’ indicate that company has […]
The Great Reset is upon us…or at least the powers that be are trying to bring it out. What was once a fringe “conspiracy theory” is now on display plain as day for everyone to see. The economic, political, academic, and media elites around the world are leveraging the chaos, confusion, and restrictions on liberty from […]
After much arm-twisting, bullying and foghorn diplomacy towards its European allies, the United States appears to have finally given up on trying to block the giant Nord Stream 2 project with Russia. What an epic saga it has been, revealing much about American relations with Europe and Washington’s geopolitical objectives, as well as, ultimately, the historic decline […]
What allows any type of energy to be sustainable? I would argue that one of the requirements for sustainability is adequate production of taxable revenue. Company managements depend upon taxable revenue for many purposes, including funding new investments and paying dividends to shareholders. Governments depend upon taxable income to collect enough taxes to provide infrastructure […]
A nation mesmerized by its own weakness wanly celebrated the long-ago and faraway memory of standing up for itself, while it passively endures the current orgy of tyrannical cancellation and suppression of anyone talking back to the present folks-in-charge. Over just a few years, this tyranny has grown like a toxic slime mold from such […]
New York’s Indian Point nuclear power plant was banned on April 30th of this year – because the ruling political party and the environmental lobbyists who guide decisions convinced themselves that solar was ready to fill the gap. Now the mayor of New York City, Bill de Blasio, has told residents they need to shut […]
It wouldn’t be an oil meeting without brinkmanship, but the stakes are high for the world economy as OPEC+ ministers resume talks today on an output agreement. Until a last-minute objection by the United Arab Emirates, the oil cartel and its allies thought they had a deal to boost monthly supplies by 400,000 barrels a day between August and […]
podcast: EconTalk Mike Munger, of Duke University, and EconTalk host Russ Roberts clean up some loose ends from their previous conversation on recycling, move on to talk about the idea of buying local to reduce one’s carbon footprint and then talk about the idea of peak oil. They close the conversation with the Rick Ankiel […]
The world’s wealthiest large democracies issued a joint communiqué that stressed the need for drastic action to end the pandemic and counter China. President Biden then had tea with Queen Elizabeth and said the monarch reminded him of his mother. Here’s what you need to know: G7 leaders come together on a global minimum tax […]
The Canadian company behind the controversial Keystone XL oil pipeline called it quits on the project Wednesday, ending a decadelong standoff over the $8 billion pipeline that promised to transport 830,000 barrels of crude oil across the American plains each day. The decision to end construction on the project, which was first proposed by Alberta-based TC […]
Minnesota Representative Ilhan Omar has once again been the center of an artificial controversy launched in bad faith, this time over a tweet where she mentioned the United States and Israel in the same breath as Hamas and the Taliban as perpetrators of “unthinkable atrocities”. “We must have the same level of accountability and justice […]
‘Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked, and denounce the peace makers for lack of patriotism and exposing the country to danger. It works the same in any country.’ – Hermann […]
“Why is the impact of population growth infrequently mentioned? A couple producing more than two children will impact carbon emissions to a greater degree than any other activity. That impact cannot be offset by any practicable lifestyle change; switching to vegetarianism doesn’t come close to balance the scales.” — James, Lebanon, Pa. When the Census […]
Ignoring the graphic lesson of the havoc a pipeline shutdown can bring, Michigan’s governor, Gretchen Whitmer, is trying to close the operations of a critical oil-and-gas pipeline that serves Canada and the Midwest. Her stated rationale doesn’t hold oil, er, water. Her real rationale is hostility to the oil and natural gas industry—a hostility that […]
On May 18, the International Energy Agency (IEA) unveiled a report that it claims is the “world’s first comprehensive study” of how to achieve a net-zero emissions energy system by 2050. In a press release the IEA contends its report outlines a plan for reaching that goal while “ensuring stable and affordable energy supplies, providing […]
We are just over a hundred days into the Biden Administration and already there is a series of “crisis” taking place. Immigration, war in the middle east, a gas shortage, domestic terrorism, cyber-attacks, and a pandemic that was supposed to end after a two-week lockdown that extended to a year and a half in parts […]
In 1970, most nations joined the Treaty on the Non-Proliferation of Nuclear Weapons to make the world safer from humanity’s worst self-destructive impulses (only India, Israel, North Korea, Pakistan and South Sudan are not signatories). Now the world faces a threat as great as or greater than nuclear weapons: global warming. That’s led to calls for […]
Before Russia weaponized energy with the Nord Stream 1 and Nord Stream 2 natural gas pipelines, the Organization of the Petroleum Exporting Countries had the monopoly on holding global economies at bay by raising prices or constraining supply at will. But now there is a more insidious strain of weaponizing energy since it incorporates fear […]
Fuel that is so dirty that the global shipping industry banned its use last year is being burned at the highest level in three years in Mexican power plants. With the global shipping industry shunning sulfurous fuel oil to curb emissions, storage tanks in Mexico are overflowing with the stuff. The solution for Mexico is […]
Prime Minister Benjamin Netanyahu spoke with US President Joe Biden on Saturday about the ongoing escalation in violence between Israel and terrorists in the Gaza Strip and said the IDF was doing everything possible to avoid harming civilians, according to an Israeli statement on the call. The conversation, reportedly initiated by Biden, came as the […]
A pipeline belonging to an Israeli state-owned energy company was hit in a rocket attack from Gaza late on Tuesday, an Israeli government official and an energy sector official told Reuters. Video broadcast by Channel 12 showed flames rising from what appeared to be a large fuel vat near the Israeli Mediterranean city of Ashkelon, […]
Looks like The New York Times will have to recalibrate its president-o-meter. For five months they’ve been styling Joe Biden as the reincarnation of FDR, but he’s looking more and more like the second coming of Millard Fillmore — who came to leadership of the dominant Whig Party at exactly the moment it flew up […]
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