Tag Archives: Green politics

Biden’s Political Myopia Endangering Europe: Allow the EastMed Pipeline, by Burak Bekdil

You would think a natural gas pipeline that conveys gas that doesn’t come from Russia and is supported by three U.S. allies (particularly Israel) would get an a green light from the Biden administration. Alas, environmental politics and Turkey are getting in the way. From Burak Bekdil at gatestoneinstitute.org:

  • Biden surprised EastMed partners by abruptly withdrawing U.S. support for the pipeline on January 9, thereby effectively killing the project, preventing a diversified supply of energy to Europe, and further assuring even greater revenues for Russia and its war machine.
  • “The Biden Administration’s actions in this matter are particularly objectionable and hypocritical in light of its tacit approval of Russia’s Nord Stream pipeline, which will only deepen Europe’s energy dependence on a volatile adversary.” — U.S. Representative Gus Bilirakis, January 24, 2022.
  • As Biden was busy undercutting three staunch U.S. allies in the Mediterranean [Cyprus, Israel and Greece] to appease Erdoğan and a fantasy of “green energy” — that is years from being either ready or affordable — to appease America’s Democrat Party, Ankara would once again prove to be only a part-time Western ally.
  • “During the vote [against Russia]… Turkey decided to abstain,” Turkish Foreign Minister Mevlüt Çavuşoğlu said. “We don’t want to break off the dialogue with Russia.”
  • Biden should immediately reverse his decision and permit the EastMed pipeline.
  • In December 2019, Biden had described Erdoğan as an autocrat and promised to empower Turkey’s opposition parties through democratic processes. Was that a joke, or is Biden a crypto-fan of Erdoğan?
President Joe Biden surprised EastMed partners by abruptly withdrawing U.S. support for the pipeline on January 9, thereby effectively killing the project, preventing a diversified supply of energy to Europe, and further assuring even greater revenues for Russia and its war machine. “The Biden Administration’s actions in this matter are particularly objectionable and hypocritical in light of its tacit approval of Russia’s Nord Stream pipeline, which will only deepen Europe’s energy dependence on a volatile adversary,” said U.S. Representative Gus Bilirakis (pictured) in response. (Photo by Tasos Katopodis/Getty Images for Netflix)

Once again U.S. President Joe Biden’s strategic miscalculation is coming with a strategic cost: appeasing NATO’s pro-Putin, part-time ally Turkey and jeopardizing Europe’s energy security.

The past several years saw the East Mediterranean turning into a slow-fuse time bomb sitting over rich hydrocarbons claimed questionably by Turkey as a stand-alone regional force versus an alliance of Greece, Cyprus and Israel.

Continue reading→

Can the Fed Save Us from Climate Change? by Ron Paul

The question in the title begs the question of whether or not anybody needs to save us from climate change. From Ron Paul at ronpaulinstitute.org:

The 1978 Humphrey-Hawkins Act requires the Federal Reserve to “promote” stable prices and full employment. Of course, the Fed’s steady erosion of the dollar’s purchasing power has made prices anything but stable, while the boom-and-bust cycle created by the Fed ensures that periods of low unemployment will not last for long. Despite the difficulties the Fed faces fulfilling its “dual mandate,” Federal Reserve Chairman Jerome Powell recently announced a new Fed mandate: to protect the financial system from being destabilized by climate change.

Powell appears to have bought into the propaganda that “the science is settled” regarding the existence, causes, and effects of climate change. But the statement “the science is settled” is itself unscientific. Science is rarely settled as today’s new discoveries disprove yesterday’s consensus. In the case of climate change, many scientists dispute the claim that absent massive expansion of government power a climate apocalypse will soon be at hand.

Continue reading