U.S. court dismisses climate change lawsuits against top oil companies
Reuters, Reuters staff, June 25, 2018
A California federal court dismissed climate change lawsuits against five oil companies by the cities of San Francisco and Oakland, saying the complaints required foreign and domestic policy decisions that were outside the purview of courts, Chevron Corp (CVX.N) said on Monday.
Our Take: All parties involved recognized the complexity of the problem and the science behind climate change. The court recognized that it was a global issue beyond the control of the courtroom and the local area – AKHEADLAMP is pleased to see a federal court recognizing that it is a global issue.
Ocean science agency chief suggests removing ‘climate’ from mission statement
The Anchorage Daily News, Chris Mooney and Jason Samenow, June 25, 2018
A recent presentation by the acting head of the United States’ top weather and oceans agency suggested removing the study of “climate” from its official mission statement, focusing the agency’s work instead on economic goals and “homeland and national security.”
Our Take: The gnashing of teeth has begun from the climate change radicals. Getting back to basics – accurate predictions of ocean patterns, economic goals and national security – is a good move by the agency and good for America.
Oil-Sands Outage Upends Global Oil Market, Overshadowing OPEC
Bloomberg Business, Robert Tuttle and Kevin Orland, June 25, 2018
The shutdown of a key oil-sands facility in Canada is flipping the global oil market on its head and slamming shares of producers that depend on the plant. Just as OPEC and allied producers agreed to pour more oil into global markets, a transformer blast first reported by Bloomberg News last week cut power to Alberta’s giant Syncrude plant, which turns heavy crude into synthetic light oil for U.S. markets.
To reduce China’s leverage, rebuild America’s minerals supply chain
The Hill, Mark J. Perry, June 26, 2018
We are completely import-dependent for 21 mineral commodities, and imports account for more than half of our consumption for 50 critical minerals. Who’s our largest supplier? China. While much of China’s resource dominance comes from domestic production, it doesn’t end at the border. Chinese companies have come to control the production of key minerals resources in nearly every corner of the world.
Our Take: The USGS says that the U.S. is home to $6.2 TRILLION in minerals reserves. We need a regulatory approach to mining that pushes development here instead of somewhere else.
From today’s Washington Examiner, Daily on Energy:
PERRY CONDEMNS ‘STUBBORN OPPOSITION’ TO FOSSIL FUELS: Energy Secretary Rick Perry opened the World Gas Conference in Washington Tuesday morning by criticizing “stubborn opposition” to fossil fuels and hyping natural gas as key to the future energy mix because it produces only half the carbon emissions as coal.
“There is still stubborn opposition to natural gas and other fossil fuels,” Perry said in his opening speech in between splashy performances by the Blue Devils Marching Band and the Harlem Globetrotters. “The opposition exists even as fuels become cleaner and natural gas increases its share of use. These opponents flatly reject the all-of-the-above strategy that is helping us achieve energy security.”