Federal Subsidies for “Green” Power

Written by Gary North on June 26, 2012

The Department of Energy has a slush fund of $20 million to promote green energy. With the government running a $1.2 trillion deficit, this is chump change. But it indicates the extent of the waste. The campaign praises expensive solutions at the expense of cost-effective ones. Many green energy firms are funded by the federal […]

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Fortunes Will Be Made in Natural Gas by 2015

Written by Gary North on January 12, 2012

Natural gas sells for about $3 per million BTUs. Oil sells for $20. Why is natural gas cheap? Because it costs money — a lot of money — to make the switch. We are an oil-based civilization. But this price will be paid. It must be paid. Peak oil is real. Here is an article […]

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Oil: From Russia, Without Love

Written by Gary North on December 27, 2011

In 2002, about 60% of the world’s oil came from non-OPEC sources. Today, it’s about 57%. Problem: Russia now supplies 25% of this non-OPEC oil. Today, Royal Dutch Shell and Exxon Mobil “have essentially abandoned the effort to meaningfully expand their oil reserves. Instead, they are now shifting course in favor of a strong, natural […]

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Peak Oil? Yes. End of the World? No.

Written by Gary North on November 14, 2011

Is peak oil real? Of course. It is running out: a billion barrels every two weeks. It is not being made. The price will go higher. But this does not mean the end of the world. At some price — much higher — there will be alternatives. One of them is natural gas. Its use […]

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