A steady stream of anti-fossil policies has been introduced across the world since the inception of Paris agreement in 2016. Be it the reduction in consumption of fossil fuels in some countries or the rapid increase in renewable installations across Europe and Asia, the changes forced by those policies have been quite tangible.There were some major exceptions to this movement. Trump’s stance against anti-fossil energy policies, Australia’s continued export of coal, India and China’s unbreakable … [Read more...]
The Fossil Fuel Dichotomy: Biden and the East’s Contrasting Energy Approach
While leaders in the West are obsessed with a fossil fuel-less utopia, the developing economies of the world are going full-throttle on fossil fuel. Could we be heading into an East-West dichotomy where different directions for the energy sector are pursued, making the East more energy secure and imperiling energy security in the West?It seems the likely case.Eastern Giants Go Big on FossilsIndia and China alone account for nearly 3 billion people and represent the largest fossil fuel … [Read more...]
Oil May Hold Key to Reviving South Sudan’s War-Torn Economy
For the first time in many decades, there is a sense of hope and optimism for economic growth and development in South Sudan. I want to tell you why.The landlocked country in East-Central Africa is one of the poorest in the world. Around 4 out of 5 of its people live in poverty, and 70 percent of children have no access to schooling.As with many other Sub-Saharan countries, South Sudan’s energy consumption (per capita) is low—indeed, the country is ranked at 166th in per … [Read more...]
China Funds Africa’s Fossil Fuel Renaissance—To Africa’s and the World’s Peril
China is pushing major advances in Africa’s energy sector. It will inevitably use the African fossil fuel sector as security for its own future energy needs. The geopolitical consequences could be serious.Countries in Africa are in dire need of economic uplift for which a fossil-fuel supported energy sector is indispensable. In a world of growing opposition to fossil fuels, China has become Africa’s key fossil fuel enabler.Africa Must Move Forward, and Fossil Fuels Are an Absolute NecessityThe … [Read more...]
Nigeria Places Its Bet on Oil, Gas, and Coal to Secure Its Energy Future
“Experts are unanimous that the increase in oil and gas production will play a critical role in the Nigerian economy’s recovery in 2021. Forecasts indicate that oil and gas production will continue to increase rapidly in the next two decades.”“Nigeria’s current power generation is around 5,000 MW, while the ideal capacity would be around 30,000 MW. Nigeria plans to add six new coal plants by 2037. Together with 9 new additions of gas plants, this would provide an … [Read more...]
Liquified petroleum gas: Essential to alleviating energy poverty in Africa
Gas is a fossil fuel, so it endangers our planet, right? At least that’s what radical environmentalists and climate activists want you to believe.The problem? Their perspective is completely detached from energy reality and obstructs alleviation of energy poverty.Gas is a fossil fuel wonder. It has been a game changer in meeting human civilization’s energy demand for clean fuel for cooking and heating. So much so that the very organizations that ask countries to reduce fossil fuel emissions … [Read more...]
Indiana Economists Endorse ‘Carbon Tax’ — But Should They?
Fifty Indiana economists advise bad science and bad economics.Recently, 50 Indiana economists issued a public letter to their state’s legislature endorsing a “carbon tax” as an economically wise way to curb global warming by reducing carbon dioxide emissions.The fundamental premise of taxing CO2 emissions is that they cause more harm than good (and thus are what economists call a “negative externality” — a cost of doing business not borne by a firm but foisted off onto others … [Read more...]
When wildlife and the economy flourish together: A case from India
Imagine driving from the heart of a city for 50 miles and finding elephants blocking your road! That was the childhood I grew up in, a stone’s throw away from some of the most dense tropical forests of Asia.Though the forests were lush and the environment pleasant, there was a constant stress on the local communities to fight poverty and attain financial stability. This was the story of India during the 1990s.Two decades later, India has not only grown economically stronger, but has also managed … [Read more...]
Middle-East Oil Burn Continues (media blackout on the same)
“Given the receptive nature of the Middle Eastern countries to future oil and gas projects, oil giants from Europe are also planning to increase their investment in the region’s unceasing oil juggernaut.”“The notion that the world is moving away from fossil fuels is incorrect, at least as per the production and consumption numbers of oil, gas, and coal worldwide. The Middle East scenario gives a better picture of where the future of oil is headed.”On Earth Day, President Joe Biden was busy … [Read more...]
A good example of a bad environmental justice study
Biden’s so-called environmental justice push is going to bring on a big wave of bogus research. A really big report just came out so I want to chop on it a bit. Not just for its specific fallacies, but also as typical of what we are going to see a lot of. As with the climate scare, there is a careful combination of bad modeling plus goofy statistics.In fact the term “environmental justice” just means unhappy environmental statistics with a racial or ethnic focus. That the situation described is … [Read more...]
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