“Climate Change” policies are just more handouts. From Edmund Contoski at panamazonsynodwatch.info:
Posted in Business, Economy, Energy, Environment, Governments, Politics, Science
Tagged Climate Change, Falsified data, IPCC, NIPCC, Phony science
The Great American Shale Boom is turning into the great American shale bust. From Anes Alic at oilprice.com:
After a decade of unprecedented growth and seemingly endless investments, the writing is now on the wall: the Great American Shale Boom is slowing down and this could have some grave consequences both the industry and the financial markets.
A total of 32 oil and gas drillers have filed for bankruptcy through the third quarter, with the total number of bankruptcy filings since 2015 now clocking in at more than 200.
Yet, the most important underlying theme precipitating the collapse is a growing financial squeeze as banks and investors pull in the reins and demand that shale drillers prioritize profitability over production growth.
The shale industry has been built on mountains of debt and the day of reckoning is finally here.
Oh the glory of life before energy-intensive capitalism and its energy-intensive innovations! From a client of Armstrong Economics at armstrongeconomics.com:
A LETTER FROM A CONSTITUENT ABOUT HOW HE ADVISED HIS TEENAGE DAUGHTER ON ‘CLIMATE CHANGE’:
After our daughter of fifteen years of age was moved to tears by the speech of Greta Thunberg at the UN the other day, she became angry with our generation “who had been doing nothing for thirty years.”
So, we decided to help her prevent what the girl on TV announced of “massive eradication and the disappearance of entire ecosystems.”
We are now committed to give our daughter a future again, by doing our part to help cool the planet four degrees.
From now on she will go to school on a bicycle, because driving her by car costs fuel, and fuel puts emissions into the atmosphere. Of course it will be winter soon and then she will want to go by bus, but cycling through the freezing builds resilience.
Of course, she is now asking for an electric bicycle, but we have shown her the devastation caused to the areas of the planet as a result of mining for the extraction of Lithium and other minerals used to make batteries for electric bicycles, so she will be pedaling, or walking.
Which will not harm her, or the planet. We used to cycle and walk to school too.
Both the Chinese and Russians have designs on a huge Iraqi oil field. From Simon Watkins at oilprice.com:
Ever since the U.S. signalled through its effective withdrawal from Syria that it now has little interest in becoming involved in military actions in the Middle East, the door has been fully opened to China and Russia to advance their ambitions in the region. For Russia, the Middle East offers a key military pivot from which it can project influence West and East and that it can use to capture and control massive oil and gas flows in both directions as well. For China, the Middle East – and, absolutely vitally, Iran and Iraq – are irreplaceable stepping stones towards Europe for its era-defining ‘One Belt, One Road’ project. Earlier this week an announcement was made by Iraq’s Oil Ministry that highlights each of these factors at play, through a relatively innocuous-sounding contract award to a relatively unknown Chinese firm.
In 2008 US production of crude oil and petroleum products was 6.8 million barrels a day. This September, it was 17.5 million barrels a day. From Wolf Richter at wolfstreet.com:
The US Becomes Net Exporter of Crude Oil & Petroleum Products for First Time.
US exports of crude oil and petroleum products – this includes gasoline, diesel, jet fuel, naphtha, and many others – exceeded imports in September by 89,000 barrels a day, the EIA reported today, and so the US became a “net exporter” of crude oil and petroleum products for the first time on a monthly basis in the EIA’s data going back to 1973:
The US has exported petroleum products – gasoline, diesel, heating oil, naphtha, propane, etc. – for a long time. This is the business some refineries are in. They buy crude oil from wherever they can get it, including other countries, and sell refined product to customers in the US and other countries.
The ecofascists are employing the time-honored method of handling those with whom they disagree: they beat them up. From Onar Am at libertynation.com:
As evidence mounts that climate models are wrong, those who dare say so are threatened with violence.
Recently, the European Institute for Climate and Energy held its annual conference in Germany, with more than 200 attendees. This year, however, the organization met in hiding from the Open Anti-Capitalist Climate Protest, affiliated with the communist domestic terror group Antifa.
The protestors’ goal has been to shut down climate debate through harassment, intimidation, disruption, and violence. Americans are familiar with the violent tendencies of Antifa, but its German counterpart is even more radical and echoes the brownshirt terror of the 1920s-30s. This year, therefore, the climate scientists had to hold their conference at a secret location.
What were the offending words the ecofascists wanted to prevent the audience from hearing? Speeches with titles like “The Real Condition of the Great Barrier Reef,” “The Influence of Greenhouse Gases on Climate Research,” and “What Role Did the Sun Play in Climate Change” presented by top scientists from all over the world.
Climate change is a con based on shoddy science to pave the way for global governance and strip people of their freedom. From Dave Ball at americanthinker.com:
Beware Global Warming! Not because it will consume our planet in fire but rather because it is a Trojan horse concealing a much more real threat, one that will consume our economy, our democracy and our way of life.
Ever since Michael Mann’s fantasy “hockey stick” temperature graph was thoroughly discredited and since Climategate outed institutional scale phony climate data a decade ago, the existence of actual global warming has been rendered null. The same is true for the impact of CO2 on climate. No experiment can confirm its impact, models can’t predict its influence and collateral data (sea level, animal populations etc.) do not confirm a correlation.