ENERGY

Authored by Ethan Brown via RealClear Wire,

On June 2, the U.S. Department of the Interior blocked oil and gas leasing for the next twenty years within a ten-mile radius of Chaco Canyon — the site of a Puebloan civilization in now-northern New Mexico dating back over a millennium. Despite some support from people within the Pueblo tribes and Navajo Nation which surround the land, the vast majority of Navajo leaders have opposed these drilling restrictions. It’s essential that (more…)

While we are sure that the Biden administration will loudly proclaim their victory by crowing that pump prices for gasoline are down over 20% from the highs last summer (June), they may be a little less forthcoming about the fact that gas prices are also up over 23% year-to-date…

Source: Bloomberg

Also, we hate to say it but gas prices are up over 80% since president Biden's election – probably just a coincidence.

After adjusting for inflation, retail gasoline (more…)

Authored by Gail Tverberg via Our Finite World blog,

• Analysis of 2023 Statistical Review of World Energy data shows constrained global supplies of fossil fuels like oil, coal, and natural gas, particularly in inter-regional trading.

• Constraints in supply are affecting energy prices, making them highly variable and less affordable for consumers, thereby affecting the global economy, including industries like manufacturing.

• The cost-intensive infrastructure (more…)