“The world needs energy from many sources, including oil and natural gas…. The Gulf of Mexico currently represents over 15 percent of U.S. oil and natural gas production that is also some of the lowest-carbon intensive production in the world with a small environmental footprint.”
“For new offshore lease sales to be held, a new 5-year Offshore Leasing Program must be finalized to replace the current program which is scheduled to expire on June 30, 2022….”
The Biden Administration is at war with itself. Its anti-fossil-fuel policy is in shambles, with a dire verdict just ahead in November. The Biden puppeteers talked a big game of more drilling and production now, but behind the scenes it is all obstructionism all of the time.
The latest ruse is the Biden Administration’s sinister plan to violate its duty and protocol to release a new five-year plan for oil and gas development of the Outer Continental Shelf (OCS), due July 1, 2022.…
“Government does not solve problems. It subsidizes them.” (Ronald Reagan)
“The purpose of the social sciences is to impart reliable information to both understand reality and avoid problems before they occur. But here we are with a faulty shared narrative. And the public is catching on with electricity, as they already have with transportation.” (RLB, below)
E&E News is the media center for the cause of (government-driven) energy transformation. Its many reporters assume but do not debate climate alarmism, the necessary but not sufficient premise behind the wind/solar/battery cause. Still, E&E reporters are looking for interesting stories and report on some of the problems of the “transition.” That gets to energy reality.
This Monday’s article, “California Dilemma,” mainstreams the fact that politically correct renewables are expensive, unreliable, and problematic at scale.…
I am writing a new book, Energy Crisis and Leviathan, that summarizes the history of government intervention with energy during wartime and other energy emergencies. To better understand these crises, I review the intervening periods of relative normalcy.
My effort is not a treatise but an overview that relies on key political economy terms to best understand the unhampered market process versus interventionism. The terms below will be referred to in future posts here at MasterResource given the current energy emergencies and habit of government to expand rather than contract.
This is a working draft. The reader is invited to suggest, correct, or present new terms to this list of 21.
Border adjustments: Nation-to-nation tariffs to prevent some jurisdictions from disadvantaging others in the global quest to price or ration carbon dioxide.…