Commentary “The climate transition presents a historic investment opportunity,” says BlackRock CEO Larry Fink. “What the financiers, the big banks, the asset managers, private investors, venture capital are all discovering is: There’s a lot of money to be made in the creation of these new [green] jobs,” chimes in presidential climate envoy John Kerry. Fink concedes that the economy…
South Dakota Governor Calls Biden’s Abrupt Termination of Keystone Pipeline ‘Dangerous’
February 17, 2021
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South Dakota Gov. Kristi Noem said that President Joe Biden’s recent executive decision to end the Keystone XL Pipeline project has not only hurt her state’s economy but is dangerous for America’s energy independence, adding that she would like to see the Biden administration prioritize all-of-the-above energy policy. “I’ve always been a supporter of diversified…
Texas Winter Storm Power Outages Prompt Bitter Fight Between Fossil Fuel, Clean Energy Advocates
When Old Man Winter hit Texas with a rare week of snow, ice, and sub-freezing temperatures, the state’s energy industry reeled as power sources of all kinds froze, leaving millions of Texans shivering. Such a crisis isn’t supposed to happen in Texas, the oil and gas capital of the United States, where so much fossil…
Biden Wants to Kill 80 Percent of America’s Energy
Commentary When giving speeches and talking to audiences, I’ve often been struck by how few Americans, even those who are highly educated, have any idea where the energy they use in their home or business comes from. I’ve asked college students where the electric power is generated, and they shrug and then point to the…
Top Oil Companies Sharply Slow Search for New Fossil Fuels
The top five Western oil and gas companies sharply slowed the search for new fossil fuel resources last year, data from Oslo-based consultancy Rystad Energy showed. The five companies are Royal Dutch Shell, BP (British Petroleum), France’s Total, Exxon Mobil, and Chevron. Acquisitions of new onshore and offshore exploration licenses for the top five Western…
A Historic Oil Price Collapse, With Worries Headed Into 2021
NEW YORK—This year was like no other for oil prices. Even as global prices end the year at about $51 a barrel, near the average for 2015–2017, it masks a year of volatility. In April, U.S. crude plunged deep into negative territory and Brent dropped below $20 per barrel, slammed by the COVID-19 pandemic and…
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