Links tagged “gnd”

In 2020 the last year of the Trump presidency, the American economy reached a long-desired goal, energy independence. However, during Biden’s first days in the White House, he signed executive orders stopping drilling on federal land, including the much-desired drilling at ANWR in Alaska.  He canceled the Keystone XL pipeline and recently announced is considering shutting down the L5 pipeline running from Michigan to Canada. . These executive orders sent energy companies a message that he intended to keep his promise to kill the fossil fuel industry. don’t ask OPEC

(Reuters) - Europe is at risk of power outages this winter due to insufficient gas reserves and over the long-term, oil could rise above $100 a barrel, the chief executive of commodity trading giant Trafigura said. ... "We haven't got enough gas at the moment quite frankly, we're not storing for the winter period. So hence there's a real concern that there's a potential if we have a cold winter that we could have rolling blackouts in Europe," Weir said at the FT Commodities Asia Summit. ... Some European lawmakers have accused Moscow of restricting supply to put pressure on Germany to speed up the authorisation of the Nord Stream 2 pipeline. Russia has denied this. ...

Aditya Chakrabortty: The project itself – supposedly a stark, bold, urgent idea – is a conceptual fog. Like some kind of policy peasouper, it nestles densely around arguments of ecological limits, social justice and economic transformation, allowing only a glimpse of their outlines. That suits many on the left, as it serves to obscure all their disagreements and so keep the peace just a little longer. ... 

For AOC and today’s US left, it is about jobs (albeit “green” ones, a term far easier to deploy than to define) and infrastructure; for Lucas, Labour’s Clive Lewis and others currently pushing a green new deal through parliament, it includes citizens’ assemblies and a shorter working week. It is both “a green industrial revolution” in the north of England and debt cancellation for the global south; both low-carbon Keynesianism and nationalisation of the energy industry. It is, in other words, a big duffel bag stuffed with pent-up progressive demands and jumbled up with highly dubious history and tiresome war metaphors.

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Flashback: Climate movement grandpa James Hansen declares the Green New Deal is ‘nonsense’ – ‘We need a real deal which understands how economics works’

2019: Progressive feminist Naomi Wolf rips the Green New Deal as ‘fascism’ – ‘I WANT a Green New Deal’ but ‘this one is a straight up power grab’

Late last week, the administration was reported to be in discussions with oil and gas executives, presumably to assure that the U.S. has adequate supply for the approaching winter. On the midstream front, the administration is searching for ways to improve energy “logistics.”  It shouldn’t take the president and his National Security Council long to recognize that pipelines are the only feasible answer on the scale required for the U.S. economy. The new tack by the administration was born of political necessity, not a change of heart toward oil and gas. In fact, the administration had to exhaust the alternatives available to it before caving to the reality that the industry it vilified is needed to bolster its election prospects amid falling approval ratings.  

Over the past few weeks, the administration requested more oil from OPEC. It suggested tapping the Strategic Petroleum Reserve. It even went so far as threatening to ban U.S. crude oil exports, apparently failing to recognize that such a move would precipitate a domestic energy catastrophe.