Gas prices: If you look at inflation-adjusted gasoline prices over the last century, there has been an overall downward trend, reflecting greater efficiency at finding, pumping, and refining petroleum. We are now at $5 a gallon, but that isn’t a whole lot more than we’ve been in the past (for example, just before the 2012 […]
Analysis of Gas Prices Learn More »
Imagine one of your kids freezing to death in your home. Eleven-year-old Cristian Pineda’s mother found her son dead during the Texas blackout in February 2021. Or you have a power outage for three days, losing a couple of hundred dollars worth of food because your refrigerator didn’t work, as Michelle Jones did last summer. The food
The Day the Electricity Died Learn More »
Last month, Rolls-Royce said that it expects to receive regulatory approval from the British government by 2024 for its 470-megawatt small modular reactor and that it will begin producing power on Britain’s electric grid by 2029. Will that happen? Time will tell. Many nuclear projects and startups have blown past their projected in-service dates. But Rolls-Royce’s
Political leaders of developing countries face constant pressure to generate enough electricity for their populations as they are being asked to reduce their dependence on fossil fuels. In a bold and rebellious move, India has ordered the reopening of more than 100 dormant coal mines to meet skyrocketing domestic power demand. The action is just
India’s “Bad Boys” Reopen 100 Coal Mines as Demand Skyrockets Learn More »
Germany’s new Chancellor Olaf Scholz’s government vice chancellor and economic minister Robert Habeck, a leading member of his country’s Green Party, has experienced a rude lesson regarding the disastrous consequences of his years of naïve opposition to fossil fuels. After tasking his top officials to assess the energy security implications of Germany’s dependence on Russian supplies in
Germany’s Green Energy Fixation Should Teach US a Lesson Learn More »
It was a cold May night for many in the city of Bengaluru, India. The mercury dipped to 52 degrees Fahrenheit, a low not witnessed in the last 50 years. The same week, some Indian cities made global headlines not for unusual cold but for extreme heat. Followers of international news likely have seen reports
Biased Reporting Overheats Climate Fear, Ignores Cold Learn More »
“Fossil Fuel Extraction Must Be Stopped to Limit Global Warming.” That’s the headline of an article at Earth.com, an environmental activist website. It purports to convey the message of a study published May 17, 2022, in Environmental Research Letters, “Existing fossil fuel extraction would warm the world beyond 1.5°C,” though the study makes no such claim. According to
Must Fossil Fuel Extraction Be Stopped to Limit Global Warming? Learn More »
Italian economist and engineer Vilfredo Pareto (1848-1923) conjectured that for any population, income naturally follows a log-normal distribution. The normal, or Gaussian distribution ranges from negative to positive infinity with a central mean. Because logarithms are always positive, the log-normal distribution ranges from zero to positive infinity with a positive mean, consistent with there being
Income Distribution and Inequality Learn More »
Climate activists’ ill-founded opposition to fossil fuels threatens to stop a major pipeline project in East Africa and stymie economic growth in Uganda and Tanzania — home to some of the world’s poorest people. Uganda is betting big on its fossil fuel reserves. In February, China National Offshore Oil Corporation (CNOOC) and France’s TotalEnergies agreed
Climate Colonialists Disrupt African Pipeline, Perpetuate Poverty Learn More »
The Biden administration wants America to cut carbon dioxide emissions by 50% by 2030 and achieve “net-zero” by 2050. Other advanced nations have similar goals. They all need a bucket of cold water in the face. The New York Times Company is as unlikely a source of that icy bucket as you can imagine. Call
Unlikely Source Throws Cold Water on Climate Catastrophism Learn More »
