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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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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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So Much for that Green Energy “Revolution.” Saudi Arabia Cancels $200 Billion Solar Project

Saudi Arabia is scrapping its plan to spend $200 billion to construct the world's largest solar panel facility in favor of a "more practical" plan. Ordinarily, a country or company scaling back their plans to install solar power would be unremarkable, but this solar project was supposed to be different. Anti-oil activists, who oppose building newer, safer, oil pipelines and hydraulic fracturing, a technology that has transformed the United States into an energy powerhouse and the largest producer of oil and natural gas in the world, crowed that solar was so cheap, so virtuous, that even Saudi Arabia, which was then the largest oil producer,...

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