It’s almost as if the world is turning while the Eurocracy, somehow, manages to stand still. While the rest of the world recognises the on-going inherent reality that oil is still an indispensable player, ideological Brussels politicians prefer playing with windmills and funny plastic sheets.
The great petroleum geologist Wallace Pratt said, "Oil is found in the minds of men". He was referring to the theory of making new discoveries. In the case of Eurocrats, however, it’s more of a practical observation.
I remember well the 1970s. The country was in a desperate economic plight. The unions were demanding ludicrous pat rises of 30 percent and upwards. Union leaders were constantly at No 10 demanding this and that. Maggie changed all that and, quite literally, saved the country from becoming an economic basket case.
The idiot National and Union of Students (among others) out celebrating her demise today are too dumb to grasp any of this. It is wealth creation through capitalized enterprise and self-reliance not an entitlement culture and every-increasing welfare and government dependency that helps people to draw themselves out of poverty. Margaret Thatcher understood that. When she took office unemployment was 13 percent in the UK! When she left office around 5.5 percent. Think about it.
A major shift away from the power of the OPEC 'tyrannies' is under way as Israel's enormous gas and oil finds start to pump. And it's only the beginning of a paradigm shift "West" in terms of great energy security in the West.
A story overshadowed by the Cyprus banking crisis that is the real BIG story impacting the geopolitcs of the Middle East - and which most of the media has missed. Here's a taster:
But if anything offers a litmus test for trends in hard-nosed realpolitik, it’s the cutting of strategic international energy deals. While the Western media persists in warning of apocalyptic consequences should Iran’s nuclear ambitions lead to outright conflict with Israel – a conflict drawing in Russia et al. – an entirely different scenario is developing as Moscow is buying long-term into the Israeli-Cypriot gas and oil energy bonanza.
The Budget morsel most of the media missed in terms of its vital long-term impact on the UK economy covered in the above article from me.
For the full article go here to The Commentator (UK).
Just published at Energy Tribune my article spelling out the latest green hypocrisy from Al 'Do-as-I-say-not-as-do' Gore.
Here's a taster:
The fact is, Al Jazeera is funded by the oil-rich Qatari government and has long been considered a tool for the oil-rich monarchy which heavily subsidizes fuel prices. Qatari drivers only pay around $1 per gallon at the pump. Which helps to explain why, as I pointed out in Kyoto: The Last Rites, in the league of the highest per-capita greenhouse gas emitters, Qatar ranks no 1 in the world.
So if you, as a strongly committed green idealist, were reviewing the offer you could only conclude that Al Jazeera would fit the bill for an ‘unfit prospective buyer’. Not so Al Gore. According to the New York Times which first broke the story, Gore and his colleague’s wanted the deal pushed through before January 1, 2013 to avoid being hit with higher taxes. The same higher tax regime that Gore and his Democratic Party backed to ensure the rich would pay their “fair share”. For Gore, personally pocketing $20 million in greenbacks clearly trumps planet-saving hair-shirtism.
For the full article go here.
The enormous ben
The massive benefit of the UK developing its doemstic shale gas reserves is good news - if the government doesn't over-regulate and screw it up. For the full article at Energy Tribune go here.
John McCarthy once said, "He who refuses to do the arithmetic is doomed to talk nonsense". Or become politicised tin-shakers pushing absurd "independent economic analysis" it seems.
The above is a quote from my article published this week debunking the latest Greenpeace-WWF propaganda - a report that claims the UK economy would benefit from windfarms more than from its domestic gas resources (inlcuding its world class shale gas reserves) by 2020.
Knowing the real energy facts and data, I nearly fell off my chair laughing at this one.
For the full article go here to The Commentator.
To see how the new UK energy bill is bumping up UK energy bills by tripling green subsidies (among other things) go here to Energy Tribune for the full published article.
Evidence for how Iran is pulling all the ocnflict strings on Israel's borders - and is using Palestinian Hamas as its regional pawn in pursuit of its nuclear strategy...in my latest article. Go here to Energy Tribune.
So much for the democratic mandate of the well-heeled environmental lobbies...the President's election mandate, it turns out, is (strong cross-party support) for more domestic oil and gas.
For the full published article go here to Energy Tribune
Along with a few others who have swum against the tide of media ignorance, I have been saying for years how the peak oil (we're running out of oil) alarmists were dead wrong. Now everyone knows they were. Here's a piece from me just published spelling it out further.
For the full article above go here to Energy Tribune.