Gasoline prices are NOT high. Diesel is much higher largely due to idiotic efforts to make diesel fuel super clean with things like DEF, catalytic converters that diesel will destroy and turbos that wreck engines. But historically oil prices are NOT high when adjusted for inflation. It is no surprise with geopolitical tension festering since the early 1960s… Read More »
The myth of the “One Hundred Year Flood” continues as FEMA maps both the 100 and the 500 year flood without any reference whatsoever to actual flood records. Today people are building houses in areas that are outside the “100-year flood zone” only to get inundated with water in their houses a few years later. Yes, development in… Read More »
The closure of refineries in California will impact prices everywhere. This spills over world wide. There is X demand and if X-one gallon, then it has to come from somewhere and classic supply demand is at work. Price will go up exponentially to supply the places that are short of supply. So, that means less refining in California… Read More »
Perhaps the most important message you will hear on climate and how the government is cramming energy poverty down your throats
Venezuelan reserves are the largest proven reserves in the world, but decades of neglect have damaged the facilities for transporting this oil to market. And Venezuela is a member of OPEC. And they need to work within the framework of OPEC price controls and production levels. But it will take years for this oil to be developed economically… Read More »
From the Climate Discussion Nexus (follow them at Facebook https://www.facebook.com/ClimateDN or https://climatediscussionnexus.com/ After long, patient pressure by The Daily Sceptic, the British Met Office has started to withdraw fabricated temperature data, namely local daily temperature “records” from non-existent weather stations. The Met, unsurprisingly, originally insisted that the non-existent evidence was carefully made up and thus could be… Read More »
Some people mistake pop science for real science. The scientific method consists of developing a hypothesis and then testing the hypothesis relentlessly. Science is never settled. And as the science philosopher Karl Popper noted, “It is not science if it is not falsificable.” (testable.) Today climate models clam to be settled science and beyond reproach. Anyone questioning that… Read More »
A recent lawsuit brought by the Osage Tribe of Oklahoma pitted wind leases against the rights of mineral owners. After years of litigation, the federal courts ruled that the wind farm must be dismantled because it interferes with the mineral rights of the tribe. Unlike many tribes, the minerals are held by the tribe and even in Oklahoma,… Read More »
The following excerpt from a mineral deed in Custer County, Oklahoma shows you how to calculate the actual price per acre that a mineral deed is conveying. Note also that commonly, the prices will be something from about 3 to 5 times the offer to lease. Caveat – leases usually offer lower per acre pricing if higher royalty… Read More »
Two thought processes here is Trump knows that low energy costs (from all sources) is a boost to the economy. He has no incentive to make the oil business highly profitable. But Trump also has the incentive to not see that the oil industry thrives. High prices are only one side of the equation. Lowering costs is the… Read More »