My latest op-ed appeared in American Greatness while I was on vacation, and I missed it, here is a quote and the link. A photo of an LNG tanker carrying Russian natural gas arriving in Boston Harbor 4 years ago can be seen here.
“Europe is vulnerable and needs our natural gas; prices are absurdly high and going higher. Yet, everyone in the oil and gas industry is afraid to invest any money, even if they have financing available. Who wants to start a 10- to 20-year natural gas project, whether it’s a gas field, pipeline, or LNG (liquified natural gas) terminal, when the current administration is saying it will shut you down in 10 years?
“You’ve got six years, eight years, no more than 10 years or so,” says climate envoy John Kerry. “No one should make it easy for the [natural] gas interests to be building out 30- or 40-year infrastructure.”
In the meantime, India has relaxed its environmental regulations and plans to double its use of coal. China has cut coal import tariffs to zero to ensure energy security and lower costs.”
American Greatness
Read more here.
Simple solution. Every O&G CEO says to FJB I want a guaranteed return for every dollar we invest. Otherwise FUJB. And as a shareholder, I don’t see how they agree to anything less.
Search for Scott Sheffield. Arguably the most capable CONUS E&P CEO. Read his reasons for not overspending on CAPEX. Look for “gubmint”. Biden, whatever. Let me know what you find….
Oh dear Word Salad Bob you are clueless. Have some ESG and Government market interference for your breakfast 😉
OK, bigoilbob, I searched for Scott Sheffield, and found he is the CEO of Pioneer Natural Resources Company, the largest producer in the Permian Basin. He states that Pioneer is in great shape to their 5-year projected economic future date (to 2026) and expects good free cash flow and therefore dividends to stockholders. I cannot find any reference to not overspending on CAPEX, so could you please steer me to the statement?
Sheffield said that Pioneer’s growth strategy wasn’t going to be dictated by oil prices.
https://wattsupwiththat.com/2022/04/04/biden-continues-to-lie-about-the-oil-gas-industry/
This is the Brandon lie about what Sheffield said:
https://www.whitehouse.gov/briefing-room/speeches-remarks/2022/03/31/remarks-by-president-biden-on-actions-to-lower-gas-prices-at-the-pump-for-american-families/
Mr. Sheffield said that Pioneer was not going to significantly change their growth plans in response to short term swings in oil prices. He stressed that shale producers are actually unable to grow production at a significantly faster rate. Three major, nongovernmental, factors are inhibiting growth: 1) labor shortages, 2) material shortages and 3) shareholder demands for greater returns on investment. Biden may not understand this, but the shareholders own the companies, he doesn’t. Shareholders and financial institutions are demanding that greater returns on investment take priority over the sort of rapid growth that occurred from 2008-2014. Back then the “shale” players responded to >$100/bbl oil by growing production at a much faster rate, only to see their legs cut out from under them when OPEC flooded the market in late 2014.
No oil company has a dial they can just turn the production volume up and down in response to changes in oil prices. In order to increase production, oil companies have to drill more wells. This requires increased capital expenditures. Pioneer and most other oil companies are reacting to the higher price environment by slowly increasing capital spending; which is increasing production in a sustainable manner.
Brandon has done everything in his power to impede exploration, leasing, drilling, production and transportation of oil & gas. He is demanding that the industry be phased out over the next 10-20 years… While, at the same time, demanding that oil & gas companies ramp up CapEx. This is as retarded as seizing all of the flour from bakeries, watching the price of bread skyrocket and then demanding that the bakeries bake more bread.
Thanks for confirming that Mr. Sheffield is basing his business plan on boring old geology and petroleum engineering/economics. Other than your whiny diatribe, you were unable to find any evidence that Mr. Sheffield attributes any of his current actions to POTUS.
Yes, POTUS is a strong man made climate change advocate, and makes statements supporting the need to get to net zero. And his public statements on oil and gas profitability and increasing activity are silly. But substantively, the only action of his that could have significantly impeded oil and gas production is a return to diligent enforcement of ES&H regs. Lease activity, in particular, is a particularly whiny claim. Current leases are replete with overdue drilling obligations, and the new lease acreage is even more goat pasturey. As I said before, do wish that more of them would open up. But on condition that they would be surrendered upon first overdue drilling obligation, that only E&P’s current on funding and execution of their actual asset retirement obligations, everywhere, need apply, and that adequate cash in fist be set back for the new asset retirement obligations, as they occur.
Interesting dichotomy. An oil and gas advocate (like me) and a climate “skeptic” who nevertheless pimps for a firm that, after having financially failed at E&P, is trying to rebrand as a farm the gubmint, trickle up, CCS advocate. Actually rational, if hypocritical. The money’s there for the aksing, so apparently it’s just it’s just another case of cognitively dissonant “Get the gubmint out of my damn Medicare!” partitioned thinking….
bigoilbob,
The specific actions that Brandon could take that would make a difference are:
Thanks, David. It certainly is inadvisable to change plans regarding production in this intentionally risky environment, where risk is now part of the “price is controlled by supply and demand” theme.
“No oil company has a dial they can just turn the production volume up and down in response to changes in oil prices.”
.
.
Saudi Aramco can.
Not materially…
[…]
https://www.realclearenergy.org/articles/2022/06/20/president_biden_asks_the_saudis_to_bail_him_out_837932.html
Even then, it’s not a matter of Aramco just opening up the chokes on wells.
No, even the Saudis have to pay attention to water cut if they want to maximize the life-time productivity of their reservoirs.
They also maintain some spare capacity to support price stability:
https://www.cnbc.com/2022/06/03/oil-markets-opec-has-limited-spare-capacity-russia-is-less-relevant.html
It’s their equivalent to our SPR. Prices would actually go much higher, if Saudi Aramco maxed out their production and some other producer went down… because there would be no spare capacity. Unlike Brandon, the Saudis are smart enough not tap their “SPR” in a futile effort to boost their poll numbers.
‘Prices would actually go much higher, if Saudi Aramco maxed out their production and some other producer went down…’
No doubt. Can you imagine what the futures / financial markets would do if tomorrow’s headlines read something along the line of ‘Saudii Oil Production Tapped Out’?
This is excellent, I might borrow that analogy.
I borrowed it from Andrew Wilkow.
David, you’re essays are great, but the FJB and Brandon stuff reduces your audience. I can’t share your post with the people who need to read them the most. Can you clean them up, make them more professional for a broader audience?
Thanks,
aaron
Overspending on CAPEX is, in this case, my term. It refers to mid teen spending rates using OPM. These campaigns were money losers, which is why the E&P’s who executed them lost so much market cap. Mr. Sheffield is on the vanguard of shale CEO’s who finally wised up. I will give them the credit, even though in many cases the “capital discipline” was imposed on them by that “Fool me a dozen times, shame on you” OPM providers.
Funny, BigOilyBoob, Sheffield just spent $10B acquiring two oil exploration companies, including $4B to acquire his son’s company. Lots of capital expenditure if there’s no more oil to find, wouldn’t you agree?
Like for like acquisitions are different than spending on development CAPEX. Mr. Sheffield realizes that, as the smartest player, he can harvest those buys better. But he is still not spending enough in 2022 to replace the reserves that PXD is now depleting. And he is probably doing better than his peers. Conoco, with 2 big Permian buys last year, is also not spending enough to replace reserves. Both are smart enough to deplete their PDP*, give the cash away in dividends, buy up more of the same, and buy back stock. Then, when asset retirement time comes, pull rabbit ears….
*https://www.allacronyms.com/PDP/Proved_Developed_Reserves
Blather, Bigoilyboob. Written at the level of a fourth grader at that.
I wrote down for my reader. I tried to avoid big words. I even defined a common industry term for you.
China and India are not stupid … Biden is.
Biden, like most politicians, is just a puppet.
A sockpuppet at that, just so you know where Obama’s hand is.
Perhaps there is more than one puppeteer and that is why Biden gets his lines crossed?
Obama is not that smart.
That’s why he has Biden saying dumb things.
Biden is the laziest occupant of the oval office ever! He is also the most intellectually challenged and probably one of the most corrupt.
He also is the only oval office occupant to flunk the 3rd grade (or any other grade), which probably means your “intellectually challenged” comment is right on the money.
Probably?
The socialistic governments of New York, Connecticut and Massachusetts have an RE bug up their a…s, by refusing to approve increased pipeline and storage systems to bring more of ABUNDANT, DOMESTIC, LOW-COST natural gas from nearby Pennsylvania.
During the cold winter, natural gas is usually diverted from power plants to households, etc.
The Russian LNG is VERY EXPENSIVELY making up the shortage, that could have been supplied by Pennsylvania.
The governors of the three states are just as stupid as EU Brussels bureaucrats refusing to sign long-term natural gas contracts with Russia, because, “it looks bad for the EU global warming fighting message.”
https://www.windtaskforce.org/profiles/blogs/the-plot-is-thickening-with-germany-and-france-no-longer-in
The oil industry covers a wide range of players. PXD does not, as far as I can determine, engage in oil or gas EXPLORATION. It adds wells in proven deposits, and buys other producing assets. Their strategy is to milk the existing sites, pay off all debt, buy back shares, and pay out the rest in dividends. They drill new wells, but only in proven sites. That makes the dividend huge when oil is at the $110/bbl level.
The long-term US problem is the lack of oil and gas exploration to replace diminishing production of existing sites. Who wants to invest in an already risky investment when the US government’s policy is to destroy the industry?
“Why Does Boston Buy Natural Gas from Russia”
It doesn’t. The US has not imported LNG from Russia since 2019.
The article about the boat is from 2018.
I quoted the headline question and answered it.
In fact the boat that arrived in Boston in 2018 had a chequered history. The cargo was in violation of US sanctions dating from 2014. It had arrived in UK, but was not allowed to land. It went to France, but was not landed there,. Along the way there were changes of ownership, and it France, of the ship. The gas eventually arrived in Boston under French ownership in a French ship (Gaselys), and, in Trump’s USA, that was apparently good enough. The only place the cargo could evade US sanctions was the USA.
So Nick, not that we have any conceivable reason to believe anything you claim, but in your fevered TDS rant, you seem to hold the French blameless in that episode, wonder why?
Actually, I got one thing wrong there – the ship did not actually go to France. The cargo was sold to Petronas, and then to Engie (French firm) but the transfer to Gaselys happened in the UK.
“So Nick, not that we have any conceivable reason to believe anything you claim,”
How about his unmatched record of accuracy? Even his dissers retreat into “Oh, you’re nitpicking!” territory when unsuccessfully trying to rebut his claims. FYI, those “nitpicks”, when pursued to ground, usually sillify the entire post.
It’s no accident that a search for Nick stokes Watts Up results in a majority of hits with no actual Nick Stokes comment. Rather, a commenter aksing Nick to comment. Nick, it must be nice to be able to live rent free in heads the world over…
“How about his unmatched record of accuracy?”
ROFL oh boy best laugh ever … you forgot the sarc tag.
The only way Nick gets anything right is by redifining the hell out of everything … ask him about Amazon vs Amazonia etc.
The only real valid description of Nick is a sophist.
He even has his own cartoon he does it so often
https://wattsupwiththat.com/2014/03/03/monday-mirthiness-the-stokes-defense/
For just a second I thought you we’re going to say
The only way Nick gets anything right is by redifining the hell out of “Wrong”
Bostons Mystic River LNG import facility has been operating since 1971
Josh’s cartoon is perfect! I’m still trying to figure out what Nick is saying and why. Boston clearly bought a tanker of LNG from Russia in 2018, and the only reason was a lack of pipeline capacity from Pennsylvania and West Virginia. But leave it to Nick to tie himself in knots to argue a point. Perhaps he doesn’t like the word “does,” hard to figure him out sometimes.
“…and the only reason was a lack of pipeline”
Don’t forget US law that says US gas can only be shipped in US flagged tankers, of which their were a total of ZERO during the time period in question.
“ Boston clearly bought a tanker of LNG from Russia in 2018, and the only reason was a lack of pipeline capacity”
Andy, it seems you just can’t get simple facts right. They bought a cargo of LNG from Engie, a French firm. It arrived in a French tanker. It’s true that the gas originated in Russia, and so should have been subject to US sanctions. That is why it made such a convoluted journey. As to why Boston bought it, well, if you can land a sanctioned cargo, it will probably be cheap.
But this was one tanker load, in 2018. It doesn’t mean that Boston is now importing gas from Russia. It isn’t.
AS to why Boston can’t buy some of the US LNG that is streaming past on the way to Europe, well, you have correctly identified that as the Jones Act. Greens are not responsible for that.
Nick, you cannot know that. Gaselys was built in France, but it is owned by NYK Armateur, a Japanese company with a very, very cozy relationship with Russian exporters. All European, Middle East, and Asian LNG loads are from numerous sources. Even in the U.S. some of the natural gas loaded is from Canada and Mexico. Are you really trying to say that no Russian gas is being imported to Boston today?? How do you know that?
The problem with a flippant, humorous headline is that some OCD commenter will almost always latch onto it.
The broader question is, “Why does Massachusetts import LNG from anywhere?” The Everett LNG terminal, near Boston, is essentially the only (99%) US terminal importing LNG.
The source of the imports isn’t nearly as significant is the fact that New England has to import LNG because those states and New York have blocked takeaway pipeline capacity from the Marcellus/Utica in Pennsylvania, Ohio & West Virginia… As you pointed out in your excellent editorial.
Thanks David, I bow to your expertise in flippant and humorous headlines. Mine is a very poor attempt to emulate your genius.
That said, I miss humor and blatant sarcasm. It was so much fun back in the day.
I also have a long track record of pointless arguments with OCD commenters regarding flippant, humorous headlines & phrases.
But, I still employ lots of sarcasm and flippant, humorous phrases because: 1)Whack-a-Troll is fun and 2) It provides feeble-minded people an entry point into the discussion
“2) It provides feeble-minded people an entry point into the discussion”
Hmmm … not sure if I should feel insulted or not. 😎
Word salad Bob to the rescue. You love your high priced gas.
Agreeing with you is not evidence of accuracy.
It’s actually the opposite.
I quoted the headline question and answered it.
Thereby succesfully distracting everyone from the substance of the post and dragging the entire discussion off thread which was clearly your intent.
Does Europe desperately need LNG? Yes.
Does John Kerry insist that no one should make it easy for energy projects that will last more than 10 years? Yes.
Are India and China going the oppsosite direction on coal? Yes.
How about you address the substance of the article?
Thank you, David! Especially in times like these we need to stop this absurd and impossible anti-fossil-fuel nonsense. Fossil fuels supply 80% to 86% of our energy today, a higher percentage than in 2013. The percentage of energy from coal, oil, and natural gas varies a little by source (Ourworldindata.org: 2013: 76%, 2019: 81%, for example), but most agree the percentage, and all agree the absolute quantity of fossil fuels consumed are growing. Net zero is impossible without endangering the lives of billions of people, and the quicker people learn this simple fact the better.
All of the critical components of modern civilization, cement, steel, plastic, and ammonia (per Vaclav Smil) come from fossil fuels.
These simple points cannot be made often enough. Lives literally depend on getting these points through to the public. Our current governments are the largest threat to human civilization we face today, and this is not an exaggeration.
He can’t address it. It would require admitting the truth.
Ahh maybe you believe in Russia colluuuusion 😉
Nick, you can’t rob a bank and change your name and make everything OK. Cargo in violation of sanctions is forever contaminated, unless released by a World Court agreement.
We buy LNG. Who cares what country it’s from? If we had expanded the pipelines Massachusetts and much of New England could have much cheaper power.
And since NY and Mass are leftist hell holes, and they are blocking the pipelines, they deserve higher prices.
The problem, of course, is that the poorest suffer the most.
BUT in this case, they, through the voting booth, have brought it upon themselves.
“A photo of a Russian LNG tanker arriving in Boston Harbor 4 years ago”
It is actually a French tanker, the Gaselys, as you can read on the side. And the cargo was owned by a French firm after passing through several hands. The cargo had been to UK and France, tagged by US sanctions (Obama 2014). But yes, it did eventually find a home in Boston. A murky story.
Those wascally French, tricking Boston into evading sanctions. Where’s your outrage, Nick? There must have been evil profits involved.
How are those sanctions going?
The Ruble is doing OK reaching a seven year high to the US dollar.
When are we going to realize the sanctions won’t work and Biden will not end the proxy war which he needs as a distraction?
Although the sanctions haven’t seemed to us to have hurt Russia the war started by Putin has harmed the Russian people. My ex wife is in Tula Russia and I speak to her often. Prices for all goods have increased considerably since the invasion. The average Russian does not live as well as the average citizen in the US.
Wait are you telling me Russia is having inflation?
Well I am shocked. I guess more sanctions will help 😉
Nick, the Gaselys was built in France, but it is owned by NYK Armateur, a Japanese company that does a lot of business in Russia.
NYK Makes Russian Joint Venture for Finished-vehicle Logistics a Wholly Owned Subsidiary and Changes its Name to LLC NYK Auto Logistics (Rus) | NYK Line
The point is that the paper says the ship was Russian and it wasn’t and still isn’t.
If you get one obvious fact wrong the whole paper then becomes suspect. The paper should have said ” A photo of a ship carrying Russian LPG etc.”
OK, OK, I changed it. Given the history of NYK Auto Logistics (Rus), I think it was a Russian LNG tanker, it just carries NYK Armateur ownership to avoid problems with sanctions. But legally, the tanker is owned by NYK, so you have a point. Just remember, NYK is mostly owned by Russians.
I thought that the vessel was/is French and chartered by Nippon Yushen Kaisha, which certainly used to be a Japanese company, although who knows who owns what these days.
NYK was joined with an unknown Russian partner in 2020, but the headquarters remained in Japan. I suspect, but do not know for sure, that the anonymous Russian partners run the company. NYK is definitely not French, and they do officially own the tanker. It is not French owned but was built in France.
The vessel is owned by NYK Armateur SA from an office in Marseilles, is managed by Gazocean in Marseilles, is registered there and flies the French flag, which makes her French, but I expect it would take more time than any of us have to work out how a Japanese company thinks it is a good idea to own / run a French subsidiary.
And I know that it is not now woke to refer to a ship as “she” or “her” but I don’t subscribe to that notion.
We should allow the ship to choose 😉
She would probably keep changing her mind.
Lol
I’m sure that the subsidiary owns the ship for either tax, liability, or some kind of government regulation. Running down ownership is always difficult, but from what I can tell, NYK is a Japanese shell company for some wealthy Russians, who also own a lot of Gazprom. Gazprom is majority owned by the Russian government.
At least it wasn’t a photo-shopped penguin or polar bear on ice or an edited video of walruses “giving up all hope” and diving off a cliff.
The ridiculous “Jones Act” should have been rescinded decades ago. Its what keeps US LNG out of Boston harbor.
The President has authority to waive certain provisions of the Jones Act temporarily. This was done to facility aid shipments to Puerto Rico in 2017 after Hurricane Harvey and New York City after Superstorm Sandy in 2012. That is very unlikely to happen under President Biden.
But your point is correct; the act was intended to promote the US shipbuilding industry and the US Merchant Marine. Over the past 100 years it has done exactly the opposite.
It was the government being helpful. Remember that story?
According to this, Presidential authority to waive Jones Act provisions was curtailed by a 2021 bill. Apparently President Trump was considering a long-term waiver in 2019 specifically for LNG tankers and that threatened some interest groups.
Russia has no problem selling it gas. This happens everyday. Greek shippers are masters at off loading and changing flags and paperwork then charging more for the product as it changes hands. The gas still sings Mother Russia it just costs the consumer 2 or 3 times as much as it goes through many hands.
The Greeks are also selling the Russian oil to India where it is refined and then shiped around the world as an Indian product. There are so many holes in the sanctions that every country in the world is receiving different kinds of hydrocarbons from Russia. When there is demand it is filled.
Russia replaced Saudi Arabia as China’s #1 oil supplier. Are they reselling some of it or selling
other energy types that oil use can replace?
https://www.business-standard.com/article/international/russia-replaces-saudi-arabia-as-china-s-biggest-crude-oil-supplier-122062000745_1.html#:~:text=Russia%20has%20become%20China's,s%20biggest%20provider%2C%20BBC%20reported.
Was there at the time. Data points for reference:
1) NG fired power plant built, Bellingham, MA. ~1995.
Franklin, MA next door was first choice, politically driven negotiations were in bad faith on the part of the town, making a deal impossible.
2) Second NG power plant is proposed, again Franklin selected. Again political bad faith negotiations fail. Bellingham offer to host second plant. Offer accepted.
2a) Franklin sues to recover taxes they would have received had they made a deal. Franklin gets laughed out of court. Judge says “Do not come back”.
3) A NG pipeline is spotted crossing the property of Hopkinton Sportsman’s Association. Inquiry reveals that the pipeline has been sitting there quietly minding it’s own business for as long as anybody remembers.
4) a coal fired electric generation plant to the SW of Boston is demolished. The plant was clearly visible from the Southwest Expressway {Southwest distressway} headed into Boston, in spite of it’s diminutive size. Without knowing, you would never guess what that tiny building was. No provision is made for replacing the electric power it produced.
5) The two iconic NG storage tanks SW of Boston are dismantled, along with the NG terminal which supplied them.
6a) A replacement terminal is proposed. Numerous sites proposals are made. All proposals are rejected.
6b) An alternate proposed site is made in Maine. Maine goes berserk, not willing to host an industrial complex MA is capable of hosting for itself.
6c) A site in Narraganset Bay RI is proposed. Also shot down by that state.
7) ~2012 A new pipeline is proposed for eastern MA. Protests are HUGE. Protest marches occur all along the proposed route. In Walpole, I see a protest march. I have an opportunity to engage with several of the marchers. Every person is singularly convinced that the state can do just fine without a new NG pipeline. Eventually the protests are successful. The pipeline is cancelled.
8) 2010 to present. The whole state of MA suffers near the top for both electric rates and NG rates. The supply of NG is chronically tight, with sometimes winters getting downright scary.
On a couple of occasions the state barely avoids rationing.
9) Protesters are convinced that it was nothing they did. Things like pipelines and import/storage facilities are simply not needed. Magic!
10) A ship from Russia shows up in Boston.
11) A NEW WORLD RECORD IS SET! THE HIGHEST PRICE EVER PAID FOR A LOAD OF NG!
Thanks Tony! Very helpful.
I especially like your point 2A. There must have been much snickering in legal circles.
Instead of NG, order propane. Very low cost, easily available, delivery available online. See here.
https://www.zerohedge.com/political/new-fossil-fuel-fan-obama-orders-2500-gallon-propane-storage-vacation-home
the very description of a cluster fluk…. unbelievable
Why ? For the same reason that those who tell you you should not drive your car or eat meat are flying around in their private jet and drink the best wine.
It is all a big game where they win and we the little people lose. Do we really believe that these people think the climate has a problem? Do we really believe these people have nightmares because millions die in wars they provoke? Do we really think puppet politicians like Biden have any power ?
Remember we are just cannon fodder and guinea pigs in a make believe world.
Agree. Ask yourself, would Russia have invaded Ukraine if the U.S. fossil fuel industry were not in political trouble? If we had the LNG terminals and pipelines to supply Europe’s needs, where would Russia be? We certainly have the resources.
Another question is, “Would Red China have already moved on Taiwan, if the Ukrainians weren’t kicking the schist out of the Russians?”
https://wattsupwiththat.com/2021/12/17/renewable-energy-dogmatism-the-new-red-menace/
I well remember the occasion of that LNG tanker’s arrival at the Everett LNG terminal.
It was in the depth of an absolutely brutal New England winter cold snap and there were legitimate, widespread concerns about power outages in Boston and New England. There were media reports about the possibility of deaths due to a lack of energy for heating. That ship’s arrival was greeted by numerous sighs of relief.
There are commenters above who are demonstrating a serious loss of memory.
Very true… But the bigger point is that the only reason Everett still imports LNG is the region’s resistance to pipeline construction, which would enable the reliable delivery of much less expensive natural gas from the Marcellus/Utica.
Of course.
It’s idiotic to be importing LNG when the damn Marcellus/Utica is literally right next door.
Aside from the resistance / stupidity of the locals, I’m thinking it would also be a very expensive undertaking to cut a ditch through some pretty serious rock.
Kinder Morgan did begin a pipeline project, called the Northeast Energy Direct project, but it was canceled in 2016. It appears to have been partly due to opposition from enviros, who teamed up with the anti-carbon mob, and according to company officials, an apparent lack of a big enough demand. My guess is that much of this “lack of demand” was due to the push for more “renewable energy” and anti-carbon sentiment. What a shame. Every winter, the grid in the entire region is at risk of failure if there is an extended or back-to-back cold snap. And yes, it has certainly caused electricity prices to spike.
Massachusetts is at the mercy of climate hysterics in our state and in every other state that a pipeline has to go through to bring Shale gas here. God forbid some podunk town in the Berkshires should have a pipeline going through it to cut the fuel bills in half for the poor. The Republicans need to campaign on defending the little guy: NIMBYism and environmental hysterics make the poor poorer, period. Embrace the working man’s job of providing for his family and point out how much higher his gas and electricity bill is because of climate hysteria and NIMBYism.
My natural gas bill in suburban Boston has jumped from an average of $160/mo to $265/mo just in the past six months. I would like Stokes and the other Green Weenies to tell me why that is a good thing, or what he proposes be done to bring it back down.
Also, he can ‘splain to me why very high priced electricity from wind and solar are viable alternative energy sources for the average family.
He might also tell us why Americans should NOT revolt at the ballot box this November over “green” policies that clearly have the effect of impoverishing them, and why the government is empowered to REDUCE our standard of living and at the same time “Provide for the General Welfare”.
Finally, why not tell us how “global warming” is reduced by shutting down American oil and gas production—leaving it in the ground, effectively—but asking the Saudis to bring theirs up to sell it to us.
Give it a shot, Nick!!
Somebody has to fuel the Obama Kerry estates.
Indeed. Propane is available online. As much as you want.
https://www.zerohedge.com/political/new-fossil-fuel-fan-obama-orders-2500-gallon-propane-storage-vacation-home
When countries are openly passing laws to ban ICE cars by certain dates oil companies would be foolish to invest billions.
Politicians believed that environmental concern on the part of voters would get them elected…and it often has…however when they see high gasoline and home heating costs are going to get them unelected, they will quietly turn to economics instead of ecomania…we’re just not quite there yet…
From early 2018:
Russia campaigning against Hillary Clinton is like Br’er Rabbit begging not to be thrown in the briar patch. To believe Russia preferred Trump over Hillary, that his interests were more conflicted than hers, is incredulous. You have to throw out hundreds of years of history and everything we know about what Russia’s interests are and what we know about how they operate to believe this. Russia’s primary method of influence is class division and class warfare. After that, it’s romantic environmentalism and using that to prevent competition in the energy industry by constraining growth and productivity in foreign energy interests. This has been the case since before the Soviet Union existed. The government is primarily concerned with political power, military, and energy. Its economy is over 20% energy and over 50% of government revenue is from energy, largely oil and natural gas. The HC campaign pledged to stop fracing and curtail natural gas production. At the same time, she told voters she would aggressively push for a massive wind and solar power expansion which would in turn require massive amounts of natural gas to manage variability. Anti-fracking sentiment has already caused problems on the east coast. Despite a glut in natural gas supplies, they have not updated and expanded pipelines to make use of domestic supplies, resulting in actually importing gas from Russia despite sanctions last winter. Hillary basically had the perfect platform, had she been campaigning for US president in Russia.
Why does wind blow?