For many across the world, the U.S. Federal Reserve’s decision to exit the Network for Greening the Financial System (NGFS) is a sign that central banks can refocus on their primary mandates: stabilizing economies, controlling inflation and fostering growth.Developing nations that need financial backing for the development of fossil fuel projects to advance economic development hopefully can look forward to a reversal of the vacuous injection of a climate change agenda into monetary policy. This … [Read more...]
Study Destroys Basis of EPA Climate Regulations—No Starvation Driven by Climate Change
For two decades, the public has been bombarded with dire warnings of an impending climate-induced agricultural apocalypse. The claim is that a climate warmed excessively by the carbon dioxide emissions of human activity will ravage the food supply and plunge humanity into famine and chaos.For many reasons, none of this ever made sense. Now, a new study published in Scientific Reports, has turned this narrative of catastrophe on its head, revealing that a global temperature rise of even 5 degrees … [Read more...]
What to Think About Tariffs
Tariffs, tariffs, tariffs! Seems like nothing gets more discussion in America right now than tariffs. Some folks are agin’ ’em, others are for ’em. What do you think?Just short of two months into the new administration of President Donald Trump, many economic experts, pointing to the 9 percent drop in the Dow Jones Industrial Average since its high on January 30, and similar declines in other indexes, are warning that America now has a 50/50 chance of falling into a recession. A major reason is … [Read more...]
False Pretense of Energy Transition: Long on Facts, Short on Truth
While listing many of the barriers to abandoning fossil fuels for “green” energy, three writers in Foreign Affairs magazine skip over an important truth: The once ballyhooed but now moribund “energy transition” was and remains unnecessary and undesirable.Instead, the article’s title, “The Troubled Energy Transition: How to Find a Pragmatic Path Forward,” suggests (1) that the so-called transition has legitimacy and (2) that it still somehow should happen. Both are false.The writers are … [Read more...]
Hydrogen Energy: Not Clean, Not Green, and Not Cheap
If only it were that simple!Hydrogen. The first element in the Periodic Table and the most abundant element in the Universe. It is also the simplest element—the most common isotope has only one proton and one electron. It has been called the “Future of Energy”; after all, the Sun relies on hydrogen to keep emitting light and, if it is good enough for our Sun, why isn’t it good enough for us?No doubt you have heard all the clamor associated with a hydrogen-based energy economy. Jeremy Rifkin … [Read more...]
Paris Climate Treaty Is Going Down
With history as a guide and two months to prepare for the announcement, there was relatively little wailing and gnashing of teeth when President Donald Trump withdrew the United States from the Paris Climate Agreement (for the second time; the lamentations were much greater in 2017) on his first day back in office. Despite efforts by politicos and influentials within the United States and internationally to encourage Trump to stay in the Paris agreement, the writing was on the wall.Trump has … [Read more...]
Newsom’s Policies Make California a National Security Risk
California is home to 9 International airports, 41 Military airports, 3 of the largest shipping ports in America, as well as more than 30 million registered vehicles, all of which cannot operate without imported foreign oil from other nations like Saudi Arabia, Ecuador, Iraq, Columbia, and Russia. Thus, California is a serious national security risk for America.In his nearly six years in office, Governor Gavin Newsom has aggressively moved to shut down oil production in California. Statewide … [Read more...]
Mine, Baby, Mine!
Western and Alaskan mineral exploration is key to American defense, security and resurgencePresident Trump is determined to make America not just energy self-sufficient, but energy dominant. The USA already produces more oil and gas than any other nation, and he intends to unleash its full potential – for energy and for petrochemical feedstocks for 6,000+ pharmaceutical, plastic, paint, fabric, cosmetic and other products. As he puts it, “Drill, baby, drill!”Abundant, reliable, affordable energy … [Read more...]
Bloom Energy: Time To Go
Bloom Energy’s founder, K.R. Sridhar, recently appeared on Maria Bartiromo’s show on Fox Business. He touted Bloom Energy as a viable solution to President Trump’s declaration of a national energy emergency. But as we approach the thirteenth anniversary of Delaware’s investment in Bloom Energy, it is time for the Meyer Administration to pull the plug on this energy debacle.Under the Markell Administration, then DNREC Secretary Collin O’Mara engineered a sweetheart deal with Bloom … [Read more...]
Illinois Electricity: Subsidies, Mandates, Inflation
“If Illinois wants an affordable and reliable grid, the answer is to end subsidies and mandates for all forms of generation. And to eliminate regulations that are taking the most affordable and reliable fuels out of the generation mix. Nothing else will work.”Electricity prices are climbing in Illinois. As is the public’s concern about them. To address this, Governor JB Pritzker and governors from four other states recently asked the PJM Interconnection to do something about the … [Read more...]
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