“Equatorial Guyana and Suriname have combined oil reserves estimated to be 17 billion barrels of oil equivalent. The biggest hurdle to the extraction of these reserves could come from lack of capital … if the international climate-industrial complex takes a strong stand against their extraction plans and their own governments acquiesce.”

The poverty-stricken Caribbean countries of Guyana and Suriname have hit the jackpot with the discovery of huge offshore oil reserves that are on track to produce revenue for decades.

Opposition from the United Nations and other anti-hydrocarbon entities might hamper the pace of production but won’t stop it. The global need for more crude is too great, and the economic situation of the two South American nations is too dire.

Suriname has been experiencing double-digit inflation for a while now (35 percent in 2020).…

“The most important near-term action the Administration can pursue is to unequivocally take counterproductive policies and rhetoric off the table. Policies like export bans or windfall profit taxes may not only hamper the industry’s ability to fully supply the market, but also create the uncertainty that dissuades potential new investments needed to increase domestic energy production.”

“… accusations of profiteering and calling into question our members’ patriotism are not supported by the facts and do a disservice to the millions of workers who show up to work every day … to power the economy.”

It is good to see the leading oil and gas trade associations on the offensive against the Biden Administration’s anti-affordable-energy agenda. With the moral high ground and the attention of regular citizen/voters, there is every reason for these consumer-driven industries to stop playing defense and woke politics.…

Ed. note: This post excerpts energy and climate material from the Media Balance Newsletter, a fortnightly published by physicist John Droz Jr., founder of the Alliance for Wise Energy Decisions. The complete MBN for this post can be found here.

Greed Energy Economics
*** The green agenda’s role in global inflation
*** Biden’s Most Preposterous Lie Is Too Much Even For The Washington Post
*** The great renewables ripoff
Ohio County Veto of Wind Project Shows It’s Time to End Federal Wind Subsidies
NY Governor Blames Utilities for Costs of State Climate Policies

Renewables (General)
*** Report: Deadly Summer Blackouts Inevitable As Renewables Struggle To Replace Reliable Energy
*** Beware: 100% green energy could destroy the planet
*** Short video: How Solar Cells And Wind Turbines Are Made
Wind and Solar Face Increasing Opposition Everywhere They Go!…

“[A]cross the United States, rural communities have become a flashpoint for siting for wind and solar energy projects…. [T]he cumulative impact … could matter to efforts to reach climate goals. And the Apex experience in Vermillion County [Indiana] proves just how challenging it can be.” (E&E News, May 18, 2022)

Has the tide turned against the hideous government-enabled superstructures politely called industrial wind turbines? Robert Bryce has been following community rejections of such projects since at least 2016 and 2017. His tally today has reached 330 wind and industrial solar projects (databank list here). The number is rising, and with growing electricity issues, hard questions are being asked of intermittent, predatory renewables.

The mainstream media portrays renewables siting as an isolated issue. But the intrepid Bryce is breaking through the narrative of a inevitable ‘renewables future’ and ‘reset’ from mineral energies.…