Free Republic

When American climate alarmists claim to have witnessed the effects of global warming, they must be referring to a time beyond 14 years ago. That is because there has been no warming in the United States since at least 2005, according to updated data from the National Oceanic and Atmospheric Administration (NOAA). In January 2005, NOAA began recording temperatures at its newly built U.S. Climate Reference Network (USCRN). USCRN includes 114 pristinely maintained temperature stations spaced relatively uniformly across the lower 48 states. NOAA selected locations that were far away from urban and land-development impacts that might artificially taint temperature...

It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and the increasing inability to find major new discoveries ensures a future of expensive oil. While analyzing the short-term trajectory of oil prices is certainly important, it obscures the fact that over the long-term, oil exploration companies may struggle to bring new sources of supply online. Ed Crooks over at the FT persuasively summarizes the predicament. Crooks says that 2014 is shaping up to be the worst year in the last six decades in terms of new oil discoveries (based on...