Topic: Energy

Sense and Nonsense on Petrodollars

– June 17, 2024

“Myths and hyperbole aside, the weakening US-Saudi relationship is one instance amid a growing trend of diminishing US influence in global currency markets and international finance.” ~Peter C. Earle


Confounding the Case for Oil and Gas Collusion

– June 5, 2024

“Oil is produced and sold in a global market. Even true cartels like OPEC don’t have total control over prices. It comes down to supply and demand.” ~Alexander W. Salter


Governments, Not Markets, Impel ESG 

– June 4, 2024

“Prominent financial institutions have backpedaled on ESG, with net outflows from ESG funds. This divestment suggests that financial institutions may have overestimated market demand for ESG.” ~Daniel Sutter and Allen Mendenhall


Texas Continues to Push Back Against ESG, But Is It Enough? 

– May 23, 2024

“The TPSF manages funds designated for education on behalf of Texas taxpayers. If the funds have lower returns because of asset managers’ ESG crusades, Texas taxpayers are on the hook.” ~Paul Mueller and Thomas Savidge


‘Consumer Reports’ Jettisons Objectivity on Climate Change

– May 17, 2024

“Scaring the public into action simply does not work — indeed, Chicken Little can proclaim only for a short time that the sky is falling until people begin to see through the ruse that Chicken Little is really Chicken Liar.” ~David Legates and E. Calvin Beisner


Stakeholder Statism is Coming

– May 2, 2024

“ESG follows the trajectory of efforts by the progressive left to replace a free, voluntary, and competitive society… with centrally ordered institutions… to engineer their preferred society.” ~Richard M. Reinsch


Economists’ Advocacy for a Carbon Tax Is Misguided

– April 29, 2024

“The reality is that bureaucrats and politicians would likely choose a metric aligned with their self-interest or with the interests of those who currently hold power.” ~Kenneth W. Costello


Bitcoin Mining and Icelandic Bananas

– April 25, 2024

“Stranded energy and unused electricity are magnets for bitcoin miners, as they take electricity that can’t readily be used for other purposes and turn it into one of the world’s most liquid and globally transferable assets.” ~Joakim Book


ESG Puppeteers

– April 18, 2024

“Climate financiers are not capitalists. They are corporatists who think the government should direct private industry. They want to work with government officials to benefit themselves and hamstring their competition.” ~ Paul Mueller


Biden Redoubles Effort to Crush Crypto With EIA’s Mining Survey 

– April 12, 2024

“Historically, the EIA has been viewed as an agency without a political agenda, but this survey suggests otherwise.” ~James Broughel and John Berlau


Should We Panic Over Excessively Low Global Temperatures?

– April 9, 2024

“We simply have no way to trace out more than a minuscule fraction of the economic consequences, positive and negative, of government efforts to alter a phenomenon as massive as the earth’s environment.” ~Donald J. Boudreaux


EPA Phase Out of Gas-Powered Cars Has Ominous Historic Echoes 

– April 8, 2024

“Forcing automobile companies to expand production of their least-profitable product lines at the expense of their best-performing ones is economic madness.” ~Jon Miltimore