A Comprehensive Critique Of Net Zero Fantasies

A Comprehensive Critique Of Net Zero Fantasies
  • As yet another example of a bureaucracy gone completely nuts, consider the International Energy Agency. IEA started out in the 1970s as a consortium of Western nations organized to counteract the oil price shocks imposed by OPEC in those years. That seemed reasonable enough.

  • But somewhere along the line, gradually, the mission, let us say, evolved. Today, IEA is fairly described as a center of advocacy for elimination of fossil fuels from the world’s energy supply.

  • In May 2021 IEA published a big Report with the title “Net Zero by 2050: A Roadmap for the Global Energy Sector.” You might get the impression from the title and some of the text that this could be just a few helpful “how to” tips on reducing emissions. But you don’t need to get too far into the document to figure out that it’s really another one of those crazed demands for immediate desperate action to save the planet from impending doom — the difference being that this one is directly funded by essentially every major Western government.

  • Now, two years later, along comes a serious group with a comprehensive critique of the IEA’s Report.

Read More

"Stranded Assets": Who Will Have The Last Laugh?

"Stranded Assets":  Who Will Have The Last Laugh?
  • It’s been a persistent drumbeat for many years: Fossil fuels are obsolete, and the facilities that produce them, along with any further facilities that might be built for that purpose, will shortly become worthless.

  • These facilities will be “stranded assets.” And any energy company stupid enough to make further investment in fossil fuel extraction or use will inevitably suffer a total loss.

  • Do you believe that prediction?

  • Those making it are among the aggressive promoters of an energy transition to supposedly superior sources like the wind and sun. The prediction has been widely used in the attempt to bludgeon energy companies into reducing or ending their coal, oil and gas investments.

  • But if fossil fuels were really obsolete, and renewables superior and cheaper, why would such bludgeoning be needed?

Read More

Wildfires And Climate Change: Narrative Ever More Detached From Actual Evidence

Wildfires And Climate Change: Narrative Ever More Detached From Actual Evidence
  • Here in New York during the past couple of weeks, we had some days where the air was rather incredibly smoky. At times, you could barely see the Empire State Building from where I live (about one mile).

  • The smoke was said to originate from wildfires in the Canadian forests, mostly in Quebec but some farther West.

  • Getting such a large amount of smoke around here from wildfires in Canada is quite unusual. Indeed, I can’t remember it happening previously, at least to this extent. So something must be different.

  • Could this all be the result of — CLIMATE CHANGE????!!!!

Read More

Your Federal Government In Action: The SEC

  • The original idea of the “independent” administrative agencies was to place the details of governing a complex economy in the hands of wise experts. These experts would be removed from tawdry and corrupting political influences, and would straightforwardly apply neutral principles to achieve fairness and justice in our society.

  • In the real world, every federal administrative agency, with especial emphasis on the supposedly “independent” ones, becomes larger, more power-hungry, and more corrupt with every passing year.

  • Somehow, it’s in the nature of the job as federal bureaucrat to believe that you can perfect the world by seizing ever more power unto yourself, imposing more and more rules whether or not authorized by statute, and crushing anyone who gets in your way. Biden’s presidency has accelerated these trends toward infinity.

  • Consider for today the SEC.

Read More

Thoughts On The Federal Trump Indictment: It's Shockingly Weak

  • Two days ago (June 8) a federal grand jury in Florida, at the behest of Justice Department “special prosecutor” Jack Smith, indicted ex-President and current presidential candidate Trump over matters related to the retention of classified documents generated during his time in the White House. The full text of the indictment can be found here.

  • You might think that indictment of the currently-leading opposition candidate to the incumbent president in the upcoming election would be something reserved for a case of extraordinary significance.

  • After all, using the criminal justice system to prosecute political rivals is one of the hallmarks of the Banana Republic. Among those who have used the strategy are Hugo Chavez of Venezuela, Daniel Ortega of Nicaragua, Evo Morales of Bolivia, and, of course, Vladimir Putin of Russia.

Read More

The Federal War Against Your Lifestyle

Read More