“Following prior attempts to preclude private investor participation in the energy sector through Congressional legislation … President Andrés Manuel López Obrador, submitted to the Mexican Congress a Bill to … undo the Constitutional changes that opened the market for private investment and intend to limit/preclude private sector participation.” (Foley & Lardner, below)
“There is a general economic maxim: public (government) resources are really private, owned and exploited by a political elite, while private resources are really public, owned and managed by a multitude. Government-owned resources do not ‘belong to all of the people’ and allow ‘self determination;’ they belong to none or a very few.” (RLB, below)
The independence of Texas from Mexico after the Battle of San Jacinto in 1836 inaugurated the era of private property rights to the subsoil.…
“Using moralistic yet blatantly dishonest slogans and pseudo-science, the environmental movement has digressed dangerously…. One of the most fundamental truths rarely surfaces among the movement: there is no credible alternative to hydrocarbons in both the near and far foreseeable futures.” (Michael Economides, below)
He was irascible in person but a rare energy realist in thought and action. Michael Economides (1949–2013) was many things, including leading oil consultant and Lecturer in Petroleum Engineering at the Cullen College of Engineering at the University of Houston. [1]
With Ronald Oligney, he authored an important book, The Color of Oil: The History, the Money and the Politics of the World’s Biggest Business (2000). Some quotations follow:
…“… energy is the world’s biggest business, and it continues to move unstoppably forward.” (p. 17)
“We predict that the world will not run out of oil for the next three centuries, at least.”
Ed. note: This call-for-support by Gregory Wrightstone in December 2020 is reproduced below given the importance of the CO2 Coalition in the climate debate, as well as its central participation in the Heartland Institute’s 14th International Conference on Climate Change. “The Great Reset: Climate Realism vs. Climate Socialism” begins tomorrow in Las Vegas.
The American oil and gas industries are facing an existential threat to their businesses with the presidency of Joe Biden.
In his “victory” speech on November 7, Biden stated, “America has called upon us to…[fight] the battle to save our planet by getting climate under control.” The Biden Plan includes long list of harmful proposals, including “denying federal permits for new fossil fuel infrastructure projects, and ensuring 100% clean renewable energy by 2035.”
Biden has made it abundantly clear with his cabinet picks that he intends to make you and your employees sacrificial lambs for the global climate cause, starting with John Kerry, who will be his new special envoy on climate.…