“The key to sustainable resource development is private property rights to the subsoil, not monopoly government deciding what public projects to undertake. The history of government and petroleum is clear on this.”
In a Council on Foreign Relations study, “Venezuela: The Rise and Fall of a Petrostate” (2024), authors Diana Roy and Amelia Cheatham wrote:
Venezuela’s ongoing descent into economic and political chaos is a cautionary tale of the dangerous influence that resource wealth can have on developing countries.
Calling Guillermo Yeatts and his case for privatizing the subsoil for mass wealth creation and democratization! But the authors work within the socialist, nationalist paradigm. Their Summary follows (verbatim):
“To further ensure vehicle affordability, it is the policy of my Administration that consumers should be able to fix their vehicles with affordable parts without being deemed to have circumvented emissions controls.”
You can fix your vehicle and not be presumed guilty until proven innocent. As simple as that sounds in a free society, a politicized U.S. Environmental Protection Agency has done the opposite–and might change course soon by instruction from President Trump,
As summarized in this White House Press Release:
Today, President Donald J. Trump signed a Presidential Memorandum expanding Americans’ freedom to fix their own vehicles.
“,,, relying on discretionary non-enforcement across all 27 EU Member States fails to address the financial and legal risks associated with [LNG] contracts that often span multiple years and that are valued in the tens of billions of euros.” (Wright et. al. below)
Chris Wright of the U.S. Department of Energy, along with major liquified natural gas exporters to the EU, wrote the following letter to the European climate leaders. The complaint regards the punitive regulatory framework required for expanded LNG deliveries to energy-hungry Europe from the viewpoint of “competitiveness, prosperity, sustainability, and energy security.” EU obstructionism centers around methane emissions in the gas-to-LNG-to-gas process.
An Open Letter to Leaders of the European Commission, European Council, and European Union (EU) Member States on the EU Methane Regulation
Dear President von der Leyen, President Costa, and EU Member State Leaders:
As your largest energy suppliers, we are committed to strengthening our economic and strategic partnerships and ensuring Europe’s energy security.…