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Hardcore warmist's amazing admission One of the world's most firmly global-warmist scientists has put his name to a scientific paper which says that even if humanity deliberately sets out to burn all the fossil fuels it can find, as fast as it can, there will be no troublesome sea level rise due to melting Antarctic ice this century. Dr Ken Caldeira's credentials as a global warmist are impeccable. He is not a true green hardliner - he has signed a plea to his fellow greens to get over their objections to nuclear power, for instance, and he doesn't totally rule...

The environmental lobby has tried to turn climate change into a social justice issue even though its anticarbon policies disproportionately harm the poor. Honest Democrats are starting to admit this, as we saw in this week’s stunning revolt in the California legislature. Jerry Brown doesn’t have much to show for his second turn in Sacramento, and of late he has focused his legacy attention on reducing carbon emissions. The Governor hailed California as a model of green virtue at the Vatican this summer and had hoped to flaunt sweeping new anticarbon regulations at the U.N’s climate-change summit in Paris this...

Our nation's youngest icebreaker – US Coast Guard Cutter Healy – is all grown up, becoming the first US surface ship Saturday to make the trip to the North Pole unaccompanied. Submarines normally follow ships underneath the ice. Admittedly, "all grown up" might be the wrong phrase, Healy is a 420-foot, 16,000-ton, 30,000-horsepower ship, that’s capable of breaking more than 10 feet of ice. The vessel made the journey from Dutch Harbor, Alaska, in less than a month, powering through the frigid water and enormous blocks of ice one week ahead of schedule. In addition to helping the Coast Guard’s...

President Obama’s urgent call to construct a new fleet of heavy Coast Guard icebreakers to monitor the contested Arctic is belied by his recent budgets that slashed funding for even one new ship. Mr. Obama, in a game of polar ice chess with Russian President Vladimir Putin and his 40-plus icebreakers, made the gap one of his themes as he toured Alaska last week. Officials say the U.S. needs to keep pace in the face of an increasingly serious challenge by Russia, which is making new territorial claims on the Arctic. But even by the White House’s own internal projections,...

Sarah Palin knows the position she wants in a Donald Trump administration: Energy secretary. "I think a lot about the Department of Energy, because energy is my baby: oil and gas and minerals, those things that God has dumped on this part of the Earth for mankind's use instead of us relying on unfriendly foreign nations," she told CNN's Jake Tapper in an interview that aired Sunday on "State of the Union." But Palin, the GOP's 2008 vice presidential nominee, might be the first potential cabinet member to openly speak about dissolving their office.

<p>Look forward to joining @JakeTapper on @CNNSotu this Sunday from Alaska! We'll discuss what @POTUS missed during his visit to the "Last Frontier"!</p>

WASHINGTON (CNN) —Sarah Palin knows the position she wants in a Donald Trump administration: Energy secretary. "I think a lot about the Department of Energy, because energy is my baby: oil and gas and minerals, those things that God has dumped on this part of the Earth for mankind's use instead of us relying on unfriendly foreign nations," she told CNN's Jake Tapper in an interview that aired Sunday on "State of the Union." But Palin, the GOP's 2008 vice presidential nominee, might be the first potential cabinet member to openly speak about dissolving their office.

Business is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years. It amounts to this: "frack now and pay later." The moves by the world's No. 1 and No. 2 oil services companies show how they are scrambling to book sales of new technologies to customers short of cash after a 60 percent slide in crude to $45 a barrel. In some cases, they are willing to take on the role of traditional lenders, like banks, which have...

On August 14 the Obama Administration announced that the Commerce Department would approve applications to export up to 100,000 barrels of light crude per day to Mexico in a swap arrangement for an equivalent volume of heavy crude from Mexico. This type of export has previously been available between The US and Canada, and perhaps indicates willingness to eventually repeal the crude export ban. Here’s a quick little recap and analysis of the situation. WHY IS THIS A BIG DEAL? After the 1975 oil shock, The United States banned the export of crude oil in order to stabilize the price....

Oil prices have posted their strongest rally in years, jumping an astounding 27 percent in the last three trading days of August. While much of the recent price movement defies reason and is enormously magnified by speculative movements by traders to take and cover their bets on oil, still, there were a series of rumors, events, and fresh data that helped contribute to the spike. For example, on August 31, the oil markets woke up to the news that Russian President Vladimir Putin will meet his counterpart from Venezuela to discuss “possible mutual steps” to stabilize oil prices. The meeting...

Venezuela’s government, facing a cash crunch amid a slump in oil prices, signed a deal to receive a $5 billion loan from China, President Nicolás Maduro said Tuesday. The funds will go to increase oil production in Venezuela in the coming months, Mr. Maduro said without offering more details during an address from China that was broadcast on Venezuelan state television. Support from Beijing—which also renewed a separate $5 billion loan to Venezuela earlier this year—may offer some relief to bond markets, where Venezuela’s debt securities are rated among the world’s riskiest. Wall Street analysts say the country could default...

Market share continues to be Saudi Arabia’s main concern—and not even $40 oil prices will make it give into peer pressure to cut production. Major oil producers have been trying to convince Saudi Arabia, the Organization of the Petroleum Exporting Countries’ biggest producer, to take the lead and cut production to stem the price declines. But output from the nation instead climbed to about 10.45 million barrels a day in July from 10.1 million in April, according to an estimate from Platts, even though West Texas Intermediate and Brent oil prices are down roughly 15% year to date on the...

A 7% dive to $45 a barrel comes after prices soared higher to close Monday above $49 a barrel -- a nearly 30% rise in three days. Just a week ago, oil plummeted below $38 a barrel for the first time since 2009. The drop in prices Tuesday following the Chinese factory report seemed to make more sense than the rapid rebound. Concerns about a slowdown in Chinese economic growth has been one of the factors driving prices lower. Concerns in markets about a supply glut may have been eased a bit on Monday with a new government report that...

fter decades of exhaustive attempts to overcome the dirty reputation of oil sands, we finally have an environmentally-friendly and low cost method to tap into these vast resources in the state of Utah—good news both for Mother Nature and all oil and gas investors. MCW Energy Group’s CEO, former Exxon President of the Arabian Gulf region, Dr. R. Gerald Bailey, tells Oilprice.com in an exclusive interview that his hunt for an innovative technology that simultaneously makes money and cleans up the environment is over. The race to capitalize on Utah’s vast oil sands resources is on, and only the ‘clean’—both...

The new "supergiant" offshore field revealed a day earlier by Italy's Eni SpA and billed as the "largest-ever" found in the Mediterranean Sea could alleviate the Arab world's most populous nation's need for gas imports, they said. The latest discovery represents about half of Egypt's current gas needs, and will cut its trade deficit and help bring in tax revenue when it comes online in some five years, said Angus Blair of investment advisory firm Signet. "It's a very useful positive economic factor in Egypt," he said. "Obviously it will help President (Abdel-Fattah) el-Sissi and the government, but to look...

Editor’s Note: This story by Miles Udland first appeared online on BusinessInsider.com. We reprint in part here.Manufacturing activity in Texas collapsed in August. And the fear is all about oil.The latest manufacturing index from the Dallas Fed came in at -15.8, way below expectations.

An Inspector General of the Department of Energy report that picked over the bones of the Solyndra green energy fiasco placed most of the blame on Solyndra executives for losing more than $500 million in taxpayer money. But a close reading shows DOE made plenty of mistakes as well. The report authored by DOE Inspector General Gregory H. Friedman came just short of calling Solyndra’s highest officials liars, saying their actions during the loan process were “at best, reckless and irresponsible or, at worst, an orchestrated effort to knowingly and intentionally deceive and mislead the Department.” While the 13-page report...

“The United States of America cannot afford to bet our long-term prosperity, our long-term security on a resource that will eventually run out, and even before it runs out will get more expensive to extract from the ground. — Barack Obama, 2011. In August 1859 on the eve of the Civil War, Col. Edwin Laurentine Drake completed the first commercial oil well in the United States on Oil Creek just outside of Titusville, Pa. Over the next century and a half, oil and gas companies have extracted tens of billions of barrels of oil from the ground from California to...

The Obama administration confirmed Tuesday that ending the nation’s 40-year-old ban on crude oil exports will not drive up domestic gasoline prices and could even save consumers money at the pump. Tuesday’s report from the Energy Information Administration puts even more pressure on Mr. Obama, who so far has been reluctant to reverse the export ban and allow oil and gas companies to sell fuel abroad. The White House last month did approve limited crude oil sales to Mexico, but critics say the president should go much further and allow the U.S. energy industry — which has revitalized economies across...

"The United States of America cannot afford to bet our long-term prosperity, our long-term security on a resource that will eventually run out, and even before it runs out will get more and more expensive to extract from the ground." -- Barack Obama, 2011. In August 1859 on the eve of the Civil War, Col. Edwin Laurentine Drake completed the first commercial oil well in the United States on Oil Creek just outside of Titusville, Pa. Over the next century and a half, oil and gas companies have extracted tens of billions of barrels of oil from the ground...