New York Times Channels RedState’s Vladimir
It sounds as though the New York Times agrees with me: relatively low product prices (coupled with, I maintain, a hostile Democratic administration) are setting the stage for a shortage of domestic natural gas in the future. And by “in the future”, that’s not ten or twenty years from now. The NYT says 2010, and I’d bet that’s not far wrong. Certainly we’ll have a | Read More »
Business Journalism: Groping in the Dark for a Narrative
H/T My Boss, in an email late today titled “This is complete lunacy”: January 5, 2009 10:50am: Natural Gas Declines on Higher Temperatures, Ample U.S. Storage By Reg Curren Jan. 5 (Bloomberg) — Natural gas futures fell in New York as higher temperatures were forecast across most of the country this week, limiting demand for the heating fuel. Normal and above-normal temperatures are expected along | Read More »
A Lousy Start To 2009 . . . For Ukraine And For Much Of Europe As Well
For those who still have doubts concerning Russia’s desire to bully its neighbors, I refer you to this story, which reveals the degree to which Russia is willing to go to show just how much hegemonic power it can exercise over other former Soviet states–and by extension, over Europe itself: Russia was preparing to turn off gas deliveries to neighbouring Ukraine on Thursday, raising the | Read More »
Energy Independence Bill or Environmentalists Dream?
Senators Max Baucus (D-MT) and Charles Grassley (R-IA) introduced a new bill to “help reduce America’s dependence on foreign oil.” However, a closer look at the legislation reveals that this bill is a gift to environmentalists. Grassley describes the legislation like this:”The legislation will offer tax credits for wind energy without the cap that the House is trying to impose again this year. It will | Read More »