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Gas Prices Will Soon Be Under $1 As a Result of COVID-19 Lockdowns, Saudi and Russian Price War

Minnesota drivers might have noticed falling prices at the pump over the weekend, and prices are about to fall below a dollar per gallon of gasoline, at least that's my prediction based on the fact that crude oil prices have now fallen to a 17-year low. Prices are falling because many people are no longer commuting to work and businesses are closed to help slow the spread of the COVID-19, and because a price war is being waged by Saudi Arabia and Russia, the second- and third-largest producers of oil in the world, behind the United States. Demand Drops from COVID-19 According to...

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What Would a Joe Biden Fracking Ban Look Like? Part One: What is Fracking?

During the Democrat debate on Sunday, March 15, 2020, between Vermont Senator Bernie Sanders and former Vice-President Joe Biden, Vice-President Biden stated that he would allow "no new fracking," and touted his role in spending $90 billion on the solar industry as part of the Obama administration's stimulus package. While the Biden campaign is reportedly trying to walk back this claim, stating that the former Vice-President misspoke, no one can know for sure what Mr. Biden meant, but we can know a fracking ban would have a devastating impact on the American economy, increase the cost of energy, reduce our national...

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American Frackers, Not Wind and Solar, Increase Our National Security

America has the strongest military might in the world. We have 3,476 tactical aircraft, 760 attack helicopters, 637 unmanned drones, 157 bombers, 2,831 tanks, 93 cruisers, destroyers, and frigates, 10 aircraft carriers, 68 submarines, 31 amphibious ships, and probably more supply trucks than you can shake a stick at. The one thing these military vehicles have in common? They ain't running on wind and solar. They're running on oil. In fact, the United States military is the single-largest consumer of oil in the world, using more than 100 million barrels every single year. Fortunately, the oil used to keep America safe is...

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Capitalism is Saving the Planet Part 2: In Soviet Russia, Air Pollutes You

We are often told that capitalism is destroying the planet, and that the only way we can repent from causing environmental degradation is to switch from a capitalist system to a socialist system. This thought process, however, could not be more wrong. Today we are going to talk about air quality in the United States, versus some other countries that have adopted more command and control economic systems. Russia/Soviet Union If command and control economies are cleaner because capitalism incentivizes pollution, then we should be able to look at examples of countries that were less capitalistic, or even hostile to capitalism, and see...

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Appeals Court Ruling Will Delay Line 3 Replacement, Again

On Monday the Minnesota Court of Appeals stated an environmental review of Enbridge’s controversial Line 3 oil pipeline was “inadequate” because it did not consider the effects of an oil spill in Lake Superior’s watershed, according to the Duluth News Tribune. The ruling is the latest delay in replacing aging oil pipeline, which is operating at half of its potential capacity due to safety concerns. The ruling is bizarre because new pipelines, like new cars, are much safer than their older counterparts. In fact, according to data from the Pipelines and Hazardous Materials Safety Administration (PHMSA), since 2010 there have been 1,300...

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Walz’s Comments on Public Utilities Commission Appointment is an Ominous Sign for Line 3, Rational Energy Policy

Line 3 opponents often argue the Governor should deep-six the oil pipeline replacement project because it would lock in oil use for the foreseeable future when we should, in reality be transitioning away from oil in favor of electric cars. But these arguments are pure wishful thinking with no basis in reality....

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Trump’s Energy Policies Bode Poorly for Putin

Is Donald Trump in fact a Russian agent? In my opinion, the energy policies he's enacted make that implausible. President Trump is the exact opposite of his predecessor on energy policy. Where Obama sought to impede the production of American coal, oil, and natural gas, President Trump has sought to achieve "energy dominance" by approving the Dakota Access and Keystone XL oil pipelines, several natural gas pipelines. leasing land for mineral exploration, lifting onerous Obama-era regulations on the electricity sector, and approving liquefied natural gas (LNG) terminals to ship American natural gas all over the world. These efforts have paid dividends, as...

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The United States is Now the Largest Global Crude Oil Producer

The federal government estimates the United States likely surpassed Russia and Saudi Arabia to become the world’s largest crude oil producer.  In February, U.S. crude oil production exceeded that of Saudi Arabia for the first time in more than two decades. In June and August, the United States surpassed Russia in crude oil production for the first time since February 1999. Ten short years after all the so-called "smart money" was on Peak Oil Theory, which posited the world was running out of oil and global chaos would ensue as countries were plunged into economic turmoil and conflict as we waged war...

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