Economy
Biden Is Failing The World
You can see that in Poland people are actually burning trash to stay warm. Burning trash in your fireplace creates toxic smoke. It’s hazardous. The government’s considering handing out masks so people can breathe more safely when they’re outdoors.
Recall that natural gas is the reason the United States reduced its carbon emissions more than any other country in the world. Carbon emissions have been on the decline globally, in large measure, because of the transition from coal to gas. Natural gas is something that most reasonable people agree is a superior fuel to coal. Natural gas is the reason the United States reduced its emissions by 22% between 2005 and 2020, which is five percentage points more than the United States had agreed to reduce our emissions under cap and trade legislation, which nearly passed Congress in 2010 and under the UN Paris Climate Agreement.
The above is a graph that was produced by Matthew Yglesias, a well-known progressive blogger. He tweets it out whenever somebody points out that President Biden isn’t doing all he can to expand oil and gas production. It’s accurate. It does show that oil production increased on a daily average under Biden from under Trump. But it’s deeply misleading. You have to remember that under Trump, the Coronavirus pandemic, for several months, massively slashed oil production.
You can see from the below chart of the EIA data on crude oil production that we still haven’t gotten back to where we were before the pandemic. Now consider how the need is much greater for US oil now that Europe and the United States are rejecting Russian oil.Upgrade
The United States is the biggest liquified natural gas exporter, it’s true. But it takes five years to bring online new LNG capacity in the United States. So all of the new LNG that’s come online during Biden’s presidency was due to past presidents.
And Biden has leased less land than any President since World War II. It’s a shockingly small amount of land: 130,000 acres as opposed to seven million acres under Obama, four million acres under Trump, during the first 19 months of their administrations. It’s a huge reduction in the amount of land being leased.
You can see that in some particular cases, like a very large oil and gas sale in Alaska, the Department of Interior claimed there wasn’t any industry interest in the lease. This turned out not to be the case. The Senator from Alaska, Lisa Markowski said, “I can say with full certainty based on conversations as recently as last night, that Alaska’s industry does have an interest in lease sales and the Cook Inlet to claim otherwise is simply false, not to mention stunningly shortsighted.”
People point out the oil and gas industry does have many thousands of leases, and that’s true, but there’s a high degree of uncertainty about whether the leases they have will produce oil and gas at levels that make sense economically to produce from.
So increasing oil and gas leasing at a time of an energy crisis in Europe seems like a no-brainer, but the Biden administration is not doing that. In fact, it’s been preventing the expansion of gas in many other ways.
You can see the Biden administration denied a request to have a formaldehyde regulation exempted. All else being equal, you’d wanna reduce that pollution. But I think a little bit of formaldehyde is gonna be a less toxic airborne event than having people breathing toxic wood and plastic smoke in Europe. The right thing to do, in terms of aiding our allies, would be to wave that regulation. But the Biden administration refused.
You can see that the Biden administration is actively considering forgoing all new offshore drilling in the Atlantic and Pacific. It may do no offshore leases at all for oil and gas.
Instead, the Biden administration has sought to give sanctions relief to Venezuela in the hopes that Venezuela would produce more oil. And of course, most famously Biden went to Saudi Arabia to ask the Saudis to produce more oil in July. Now, everybody agrees that was a huge foreign policy failure. The Saudis announced they would be cutting production with the rest of OPEC+. The Biden administration’s pressure on the Saudis apparently annoyed them. Now, they’ve been pushed closer into the arms of Russia. This is a pretty significant setback for the Biden administration.
At the same time Biden was going to Venezuela and Saudi Arabia to produce more oil. Biden administration was refusing to even meet with oil and gas executives. That’s a pretty serious snub when you consider that it’s an industry you want to expand production.
An oil and gas analyst on Twitter criticized a Senator from Wisconsin for suggesting the Democrats are responsible for the lack of refining capacity. He said, “What — do you also blame a political party for a flat tire?”
I pointed out that a single oil refinery outage would have little impact if we had sufficient refinery capacity, and the reason we don’t is that politicians, mostly Democrats have used regulations to prevent their construction. When I interviewed executives one said to me, “If you were an oil company, why would you invest hundreds of millions of dollars into expanding refining capacity if you thought the federal government would shut you down in the next few years? The narrative coming out of this administration is absolutely insane.”
So you can see here that refinery capacity was increasing all the way through 2020. It then declined due to the pandemic. And it has not risen since then. When the analyst was asked, why don’t we get more refineries? He clearly didn’t know. Or at least he said he didn’t know. But it’s clear the Biden administration has not wanted more refineries.
There was a chance to retrofit a major refinery in the US Virgin Islands. It was a refinery that was older. It needed pretty significant upgrades. It was polluting. But these are machines that can be fixed. Several billion dollars of investment would’ve fixed it and it goes back many years. This is an article from 2008. It describes how, at that time, the Democrats in the Senate killed a proposal for refinery expansion.
Go back to 2006. The same thing happened. The House was in the hands of the Republicans who passed a piece of legislation to expand refineries. And it was the Democrats who killed it. And, incidentally, they’re using the exact same arguments today that they used back then.
More recently, we’ve seen an attack on expanded natural gas pipeline capacity, including from Pennsylvania to the Northeast, particularly to Boston. The result of not having pipeline capacity is that they’ve been burning more oil for electricity in New England. In fact, oil-fired power jumped to a four-year high earlier this year. And they’ve been having to import liquified natural gas to New England rather than just pipe it in, which is significantly cheaper. Probably half as expensive.
Grassroots advocacy and lawsuits have prevented pipelines from being built. You can see there’s a strong correlation between the price of natural gas and the ability to get pipelines built. We stop building pipelines and gas gets more expensive. Globally, the impact is that we’re gonna return to coal. This is the consequence of stifling oil and gas production.
One could argue that we just need more scarcity in order to accelerate the transition to electric cars. But it’s notable that the major figures in this, including President Biden, supporters of President Biden, and representatives of his administration aren’t defending a pro-scarcity position. They’re instead claiming that they’re doing all they can to bring down oil and gas prices and expand production.
I think this data, and the historical chronology, paint a picture that shows that there has, in fact, been a war on natural gas and oil United States and that it is impacting global supplies, and leaving Europe vulnerable.
Click to see the video presentation of this article. Additional slides and graphs are in the video.
From Conservative Party Communications
The Hon. Pierre Poilievre, Leader of the Conservative Party of Canada and the Official Opposition, released the following statement on the threat of tariffs from the US:
“Canada is facing a critical challenge. On February 1st we are facing the risk of unjustified 25% tariffs by our largest trading partner that would have damaging consequences across our country. Our American counterparts say they want to stop the illegal flow of drugs and other criminal activity at our border. The Liberal government admits their weak border is a problem. That is why they announced a multibillion-dollar border plan—a plan they cannot fund because they shut down Parliament, preventing MPs and Senators from authorizing the funds.
“We also need retaliatory tariffs, something that requires urgent Parliamentary consideration.
“Yet, Liberals have shut Parliament in the middle of this crisis. Canada has never been so weak, and things have never been so out of control. Liberals are putting themselves and their leadership politics ahead of the country. Freeland and Carney are fighting for power rather than fighting for Canada.
“Common Sense Conservatives are calling for Trudeau to reopen Parliament now to pass new border controls, agree on trade retaliation and prepare a plan to rescue Canada’s weak economy.
“The Prime Minister has the power to ask the Governor General to cut short prorogation and get our Parliament working.
“Open Parliament. Take back control. Put Canada First.”
The Liberals and progressives everywhere were so close. At the height of their influence, no one, certainly anywhere in the English speaking world could make this claim: “Climate change IS NOT an existential threat to planet earth.” Those who did were immediately sidelined, ostracized by their cohorts, dismissed by corporate media and social media behemoths. Sure the battle still rages, but only in their information world where you still see phrases like “climate change denialist”.
You see their information world has not yet realized something new has happened. History writers will say Elon Musk stopped the progressives in their tracks by buying Twitter, releasing the Twitter files and eventually with Donald Trump, swinging the information world in the direction of X. If you have doubts just look at this picture. While the Twitter files reveal the new information world was under the, let’s say ‘secret influence’ of the White House, this photo shows those same tech power brokers are publicly, and happily celebrating the man they worked secretly to bring down. Or at least they’re not ashamed to publicly text their friends about it. The fact they’re not hiding probably reveals their eager support.
Sometimes we find it’s the people we look down our noses at who make all the difference. Like those overweight beer-guzzling hunter types who wear the red hats. (No not the Roman Cardinals, but the Appalachian trailer house occupants). These conspiracy theorists started to proclaim that the world would in fact not burn up by next weekend. Sure many of these seemed to be the same people who claim the world is flat and their neighbor is from another planet. But then more people stepped forward. Not about ‘pancake Earth’, but about the existential threat of climate change.
Family members and friends scorned and ridiculed them, and many still do. They were outraged that a regular citizen would dare to share information from a completely sane climate scientist or researcher who did not agree with the majority. They’d lose their marbles on those silly enough to cite a peer reviewed scientific paper. IF anyone was bold enough to take the time to read an entire report from NASA or Environment Canada, well you’d certainly hear someone say “You fool! You can’t do your own research!! You’re not a scientist!!”
Fortunately, funny man podcaster Jimmy Dore has the perfect comeback for these situations. Dore says when his own friends warned him only a Conspiracy Theorist would do his own research, he replied “You know before COVID doing your own research used to be called… reading”. It’s really worth two minutes to check this out. If you don’t find it funny, really funny, then I’m sorry. One day you will.
Jimmy Dore on the shaming of doing your own research and questioning the narrative during the Covid era…pic.twitter.com/PxCRVgklbj
— James Melville 🚜 (@JamesMelville) January 2, 2024
Speaking of reading, in the days before the printing press the Church and various wildly wealthy monarchs had a stranglehold on information sharing. Those who contradicted the party line could have their heads chopped off by a guillotine bought and paid for with their meagre tax offerings, or, they could expect to be publicly shamed and eternally condemned by their local preacher. Sure some of them probably deserved it but who am I to judge?
Then the printing press was invented. At first the Church leaders said, “Great now everyone can be educated, learn to read and even write themselves, and study the Bible on their own!” Eventually some of those same leaders said, “THIS IS A DISASTER! Everyone can be educated, learn to read and even write themselves, and study the Bible on their own!” After a few centuries the power structures in Europe completely changed. The Church divided into thousands of Protestant movements and the Catholic Church forever lost the political clout it never should have appreciated. Universities sprung up around libraries. Monarchs handed over power to early democratic governments. Books about science lead to scientific innovations. Average Joe’s eventually moved from underground mud huts to middle class condos in the sky.
Well the same thing is happening now with the internet. Except at breakneck speed. What took the printing press hundreds of years to accomplish, takes the internet a few months. The emergence and re-emergence of Trump Presidencies, revolutions against power structures, could not have been accomplished without the way we get information on the internet.
Sure there’s a lot of murky confusion as corporate media used to their powerful podiums of the printing press and cable tv are moving their content over to the new medium. But they’re being (sorry it’s all over, they have been) overtaken by the new form of information sharing. We’ve gone from headlines and ten second sound bites, to three hour long conversations with plenty of time for explaining and context. That’s something cable tv just didn’t have enough bandwidth to deliver.
So what does this mean for people trying to buy 1,200 square foot condos in Canada today?
Well we get to watch the power brokers struggle to retain their grip on / over our lives.
Those running to replace the son of … Hmm. Here’s a perfect example. Depending upon where you get your information from he’s either the son of Pierre, or he has an incomprehensively uncanny and impossibly accidental resemblance to a close personal family friend.
Those running to replace Liberal Leader Justin (let’s leave the last name out until the DNA results are back) definitely believe his father is Pierre. They believe Russians are our enemies. They think COVID vaccines saved the world. They think NATO is protecting Ukraine. And they certainly believe if we pay higher taxes in Canada we’ll save the world from the temperatures many of us pay thousands of dollars to escape to for a few days for six months of the year.
Carney, Gould, and Freeland don’t seem to realize everyday Canadians are simply done with the idea that a Carbon Tax in any form is going to save the world. Thanks to the internet, regular folks/voters have had time to do a little reading and listen to a few long conversations about this. Average people are understanding that CO2 makes up not 40% or 60% of the atmosphere, but .04%. Of that .04%, less than 4% is caused by humans. Mathematically it’s silly to think that paying more for food and groceries and everything else in Rosetown, Saskatchewan or Red Deer, Alberta is going to stop, slow down, or make any difference at all to global temperatures in 20 years.
It’s ironic that it’s the modern progressive movement who are stuck in the old information age. You’d think the slower thinking conservatives would hold on to the old ways and they’d be the ones trying to enforce restrictions on the new communication movement. Somehow the self proclaimed forward looking progressives are the ones trying to censor. Maybe it does make sense. Conservatives are more likely to read their history. They know the ones who censor are always trying to retain their failing grasp on power. New information consumers are ready, willing, and annoyingly attempting to debate. But there’s no debate for those who say “The science is settled.” I guess that means they’re all finished learning things.
Sorry to the Liberal Leadership hopefuls. They haven’t heard the news. Well actually they have and that’s the problem. Instead of paying attention to what’s really happening, they’re dismissing everything and everyone who doesn’t appear on the cable news channels.. other than to be ridiculed that is.
I leave you with this short video from Franco Terrazzano of the Canadian Taxpayers Federation. Franco explains how those vying for control of the PMO are tripping over their new versions of an old and failed Carbon Tax. Pity them. They don’t realize voters have moved on.
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