Relevant and even prescient commentary on news, politics and the economy.

An Erroneous Supply Chain Argument

“Silly” Arizona House Representative Republican Justin Wilmeth is making an argument for lower gasoline, etc. prices to Arizona. Justin traveled to California to ask for no cap on fuel prices at a California refinery (Arizona has no refinery). As if he does not have enough to do in AZ? Not sure what makes him think, […]

Switzerland significantly exceeded winter gas savings target  

SWI Switzerland exceeded its voluntary gas savings target this winter. Compared to average consumption between 2017 and 2022, the target was to reduce gas consumption by 15%. However, according to provisional government figures, it was 23% less. ______________________________________________ Keystone-SDA The target was 3,997 gigawatt hours (GWh) of gas savings, regardless of the weather, over […]

Is Choosing the Status Quo sage ? Is it even possible ?

I am struggling with thoughts about status quo bias. I see many issues where a proposal to do something new is subject to severe scrutiny which is not applied to the implicit proposal to keep doing what we have been doing. The logic is small c conservative — better to stick with what we know […]

Energy Conservation – Do Not Involve Me Edition

No one wants to pay more for energy at any time. No one wants the means for greater independence from foreign control, big business, wasteful practices which will involve them. The reality being, it is all about us. The thems of the world. ~~~~~~~~ “As taken from Michigan Radio/NPR; “Auchter’s Art: Not in my backyard,” […]

Meanwhile in Texas: Privatize the Profits, Socialize the Losses

Under the guise of “protecting” citizens, the Texas legislature, instead of having the gas companies eat their losses from Winter Storm Uri last year, have floated a $3.4 billion bond package to have the taxpayers fund it. The sales pitch is that the gas companies, three large and a smattering of smaller operators get made […]

Why Is Germany Increasing Defence Spending ?

Recently, we have learned that the Russian military is vastly less capable than anyone imagined. Also, in three whole weeks, Ukrainians have markedly reduced the capabilities of the Russian military. Therefore, naturally many governments (including the German government) have decided they must spend more on their militaries to face the Russian threat. This makes no […]

US natural gas hits highest price since 2008, closes at 7 1/2 year weekly high;

US natural gas hits highest price since 2008, closes at 7 1/2 year weekly high; European and Asian prices 5 times higher, Commenter RJS, Focus on Fracking Oil prices rose for a sixth consecutive week as rising global demand amid tight supplies more than offset higher US inventories . . . after rising 3.0% to […]

Texas freeze; oil refining and distillate exports drop most since Harvey . . .

Commenter R.J.S.: Record drops in US oil output, US oil exports, distillates’ output on Texas freeze as US burns 15% of natural gas inventories in one week . . US oil data from the US Energy Information Administration for the week ending February 19th indicated that because the big drops in our oil exports and our oil refining associated […]

Corporate/shareholder value, energy market and global warming

Updated: Renewable Germany bailing out Nuclear France   I just read the following in an article by a Mr. Bill McKibben and thought it to be an interesting perspective on why climate change/global warming is being so vigorously denied. If we spew 565 gigatons more carbon into the atmosphere, we’ll quite possibly go right past […]

A boom in shale gas? Credit the feds.

A boom in shale gas? Credit the feds.  By Michael Shellenberger and Ted Nordhaus (hat tip to Barry Ritholtz) Since the high-profile bankruptcy of Solyndra, the solar company that received $535 million in federal loan guarantees, many have concluded that government efforts to promote energy technologies are doomed to fail. Critics cite the abandoned synthetic […]