Links tagged “economics”

Joel Kotkin: "The dependency of the expanding serf class is also supported by green-advocacy groups, which have little interest in single-family-owned housing. In the UK, the government’s Climate Change Committee is putting forward proposals that would make it impossible to sell single-family homes — including those built mere decades ago — that do not meet stringent energy standards. ... 

These tough economic conditions could stiffen the resolve of the next generation, but to a large extent, this generation seems emotionally crippled. Thanks to the pandemic and alarm about climate change, young people are bombarded by fearmongering. Alarmist messages are pushed by social media and academics more interested in political agendas than critical thinking. Many have been persuaded, largely by the relentless and well-funded green lobby — now openly paying for “journalists” at places like the Associated Press — that the future will become a nightmare of food shortages, devastated coastlines, endless droughts and irreversible poverty. ... 

The demands for draconian climate policies or enforced “equity” require a more centralized, quasi-Stalinist mindset."

TIME senior correspondent Justin Worland threw thousands of other Americans under the bus when he acknowledged that a green transition would lead to building electric vehicles, which “requires less labor [fewer jobs] than does its old-fashioned counterpart.” But that’s not all. “The green transition will also displace oil, gas, and coal workers,” he wrote. But hey, that list doesn’t include journalists, so why should he care?

Marlo Lewis, Jr.: In short, the Biden administration’s real goal is not to protect investors but to de-capitalize and de-bank fossil-fuel companies. Or, in President Biden’s words, the goal is “promoting the flow of capital toward climate-aligned investments and away from high-carbon investments.”

Epstein: "For 15+ years Democratic politicians have done everything they can to make new oil production unprofitable—leading to less investment.

Now they are condemning companies for not investing enough 'windfall profits!'"

“While we’re glad to see [the Bureau of Land Management] is finally going to announce a sale, the extreme reduction of acreage by 80%, after a year and a quarter without a single sale, is unwarranted and does nothing to show that the administration takes high energy prices seriously,” Western Energy Alliance President Kathleen Sgamma said in a statement.

“The president claims he’s doing nothing to limit domestic production, but once again his administration is making American energy more expensive and harder to produce,” said Senate Energy Committee Ranking Member John Barrasso.

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Lockdown 2.0: The "Switch Off Putin" RePlanet report: “We propose bans on all business flights, private jets and internal flights within Europe to save oil, and bans also on car use within cities,” the report's authors said. “This should be combined with free public transport.”

"In some ways, the speed of the change will resemble the Covid lockdowns," the report noted, adding, "as, with Covid lockdowns, social pressure to abide by national restrictions will also play a big part."

Morano: "This 'Switch Off Putin' report is serving as Putin’s revenge on the West, allowing the once free West to destroy itself under the false guise of hurting — Putin."