Peak oil? What peak oil? The price of oil in global markets has plunged by
nearly 40 percent over the past six months. As a result, the price
of a gallon of regular gasoline in the U.S. has dropped from an
average of $3.68
in June to $2.74 this week. In June, the U.S. Energy
Information Administration had projected that a gallon of gas ... MORE
Showing posts with label fossil fuels. Show all posts
Showing posts with label fossil fuels. Show all posts
Ronald Bailey: How Low Can Gas Prices Go?
Peak oil? What peak oil? The price of oil in global markets has plunged by
nearly 40 percent over the past six months. As a result, the price
of a gallon of regular gasoline in the U.S. has dropped from an
average of $3.68
in June to $2.74 this week. In June, the U.S. Energy
Information Administration had projected that a gallon of gas ... MORELarry Kudlow: Lower Oil Prices Are a Free-Market Victory
And a big tax cut. Seldom has so much good news been portrayed so
negatively. Oil prices continue to fall in the U.S. and around the
world, but near everyone in the media is grumpy about it. The headlines
today are among the silliest I’ve seen: Energy-company stocks are
declining, oil deflation is an economic threat, the Fed might raise
rates much ... MOREWind Turbines are 'Expensive, Unreliable and Inefficient'
by Donna Rachel Edmunds. Study reveals another inconvenient truth. Wind power is too variable and too unpredictable to provide a serious alternative to fossil fuels, a new study by the Scientific Alliance and the Adam Smith Institute has confirmed. The researchers concluded that, although it is true that the wind is always blowing ... MOREFay Voshell: The Unabombers At The EPA
The dangerous true believers. Students of recent history will remember Ted Kaczynski as the man who is responsible for three murders and sixteen bombings over a period of eighteen years. These actions were fully excusable from Kaczynski's point of view. As he dispassionately puts it, “In order to get our message before the public with some ... MORE
Shale Revolution Deniers Face Inconvenient Truth
by Mark Perry. Peak what? Despite turning the U.S. into the world's largest producer of natural gas and driving a 3 million barrel per day surge in U.S. oil production in just the last three years, the shale revolution still has its doubters. They couldn't be more wrong. The Montreal-based Centre for Research on Globalization recently dismissed shale ... MORERichard Rahn: How Fracking Saved Obama
The only thing keeping economy afloat. Without fracking of oil and gas deposits, there would have been no economic growth in the U.S. over the past five years. Yet the oil and gas industry has been a favorite whipping boy of the environmental zealots both inside and outside of the administration. Without those brilliant entrepreneurs and ... MOREJohn Stossel: Earth Daze
Blinded by their "political" science. "The heavens reek, the waters below are foul ... we are in a crisis of survival." That's how Walter Cronkite and CBS hyped the first Earth Day, back in 1970. Somehow we've survived since then, and most of life got better, although I never hear that from the worrywarts. Of course, some things got better ... MOREU.S. To Become Bigger Oil Producer Than Saudi Arabia
The glory of fracking. Hector Gallegos sits in the cab of his pick-up enjoying a few hours of calm. A day earlier, workers finished carting off the huge rig that had drilled three new wells beneath this small patch of south Texas farmland and he’s now getting ready to prime them for production. He reckons that about three weeks from now ... MOREJoel Kotkin: Politics Runs Real Energy Out Of California
Banking on expensive alternative energy. More bleak economic news for the average Joe. The recent decision by Occidental Petroleum to move its headquarters to Houston from Los Angeles, where it was founded over a half-century ago, confirms the futility and delusion embodied in California's ultragreen energy policies. ... MOREMichael Barone: The Audacity Of Frack
In praise of creative destruction. Capitalism, said economist Joseph
Schumpeter seven decades ago, is a process of creative destruction. New
inventions, new processes, new methods of organization lead to the
creation of new profitable and efficient businesses and to the
destruction of old ones unable to ... MOREConn Carroll: American Energy Revolutionized By Fracking
As green energy failed. It's hard to remember now that President Obama's agenda has degenerated into a sham gun control bill with loopholes big enough to drive a Mack truck through, but back in 2008, progressives had big dreams about how to reshape the entire U.S. economy, starting with the energy sector. For years, liberal ... MOREMatt Ridley On How Fossil Fuels Are Greening The Planet
An inconvenient truth the media ignores. Matt Ridley,
author of The Red Queen, Genome, The Rational
Optimist and other books, dropped by Reason's studio in Los
Angeles last month to talk about a curious global trend that is
just starting to receive attention. Over the past three decades,
our planet has gotten greener! Even stranger, the ... MOREDavid Deming: What If Atlas Shrugged?
Dark ages revisited. Atlas Shrugged is the title of Ayn Rand's 1957 novel in which the world grinds to a halt after the productive segment of society goes on strike. Tired of being demonized and exploited, the world's innovators and entrepreneurs simply walk away. What would happen to the US today if the fossil fuel industry went on a strike ... MOREJillian Kay Melchoir: The EPA Vs. Reality
Push toward cellulosic biofuel is out of control. The Environmental Protection Agency has been demanding the impossible of refiners and then penalizing them when they fail to comply. A new ruling from a federal appeals court stops this shakedown. For the past few years, the EPA has required refiners to purchase vast quantities of cellulosic biofuel, ... MORE
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