All Research

All Research

What the US Can Learn from a Huge Oil Discovery in Guyana
Article
RealClearMarkets

What the US Can Learn from a Huge Oil Discovery in Guyana

The Trump administration proposed last month a reform of the regulations implementing the requirements of the National Environmental Policy Act, for decades a source of massive delay and cost increases for federal projects, yielding actual environmental harm because of…

Litigation Against Fossil Fuel Producers Is an Obnoxious Money Chase
Article
RealClearMarkets

Litigation Against Fossil Fuel Producers Is an Obnoxious Money Chase

I betray no secret when I report that the modern litigation drive against the fossil-fuel industry is oriented overwhelmingly toward the age-old money chase rather than a concern with environmental…

The PREPA Debt Deal and the Future of Puerto Rico Creditworthiness
Article
RealClearMarkets

The PREPA Debt Deal and the Future of Puerto Rico Creditworthiness

There are no free lunches, an eternal truth that does not bode well for the years-long efforts of public officials in Puerto Rico to avoid the realities attendant upon the…

Can We Tackle Both Climate Change and Covid-19 Recovery?
Article
Financial Times

Can We Tackle Both Climate Change and Covid-19 Recovery?

No — Carbon taxes and green policies harm economic growth and jobs The close relationships between real gross domestic product, employment and energy consumption for both less and more developed…

How the Trump Administration Should Structure Gulf Oil Royalty Relief
Article
RealClearMarkets

How the Trump Administration Should Structure Gulf Oil Royalty Relief

The Trump administration reportedly is considering a proposal to reduce the royalty rate on the future oil and gas production from forthcoming sales of leases for exploration and production in the Gulf…

It Would Be Wise for Government to Not Meddle in the Oil Market
Article
RealClearMarkets

It Would Be Wise for Government to Not Meddle in the Oil Market

The crude oil sector now is confronted by a sharp decline in demand conditions caused by the COVID-19 pandemic and an increase in production attendant upon the price feud between…

Comment Letter to the Railroad Commission of Texas
Article
American Enterprise Institute

Comment Letter to the Railroad Commission of Texas

To the Railroad Commission of Texas: Re: Motion for Commission Called Hearing on the Verified Complaint of Pioneer Natural Resources U.S.A. Inc. and Parsley Energy Inc. to Determine Reasonable Market…

Oil-market Central Planning: Not Just for Socialists Anymore
Article
National Review

Oil-market Central Planning: Not Just for Socialists Anymore

Hard times indeed are hard, and that adjective is wholly inadequate to describe the double whammy now afflicting U.S. crude-oil producers: declining demand due to the COVID-19 pandemic and the…

The Strategic Petroleum Reserve and the Fallacies of “Embargo” Thinking: Does the Private Sector Stockpile Too Little Oil?
Article
American Enterprise Institute

The Strategic Petroleum Reserve and the Fallacies of “Embargo” Thinking: Does the Private Sector Stockpile Too Little Oil?

President Donald Trump announced a few days ago that the US Department of Energy (DoE) will purchase “large quantities of crude oil” to be stored in the Strategic Petroleum Reserve (SPR), created under authority…

The FERC Minimum Price Order and Federalism
Article
RealClearMarkets

The FERC Minimum Price Order and Federalism

In the Beltway, no inefficient policy deed goes unrewarded. That is an eternal truth illustrated well by the expansion of federal powers—at the expense of state and local authority—attendant upon…

ExxonMobil and the Politicization of Law Enforcement in New York
Article
RealClearMarkets

ExxonMobil and the Politicization of Law Enforcement in New York

The New York Supreme Court announced its landmark decision earlier this month in the first climate change-related securities lawsuit—“People of the State of New York v. Exxon Mobil Corporation”—to be…

Another Round of Energy Pork
Article
InsideSources

Another Round of Energy Pork

Christmas is upon us, and the elves are busy in the North Pole suburb of Capitol Hill. The House has produced a draft piece of “green energy” legislation that would…

The Long and Winding Saudi Aramco Initial Public Offering Road
Article
American Enterprise Institute

The Long and Winding Saudi Aramco Initial Public Offering Road

The initial public offering (IPO) for up to 5 percent of the Saudi Arabian Oil Co. (Aramco) has been delayed several times recently, ostensibly due to a seeming difference of…

Massachusetts’ Lawsuit Against ExxonMobil Brings New Meaning to Silly
Article
RealClearMarkets

Massachusetts’ Lawsuit Against ExxonMobil Brings New Meaning to Silly

Attorneys General are supposed to enforce the rule of law. They are not supposed to use lawsuits to achieve policy outcomes not enacted by the legislature. They are not supposed…

The Trouble with ‘renewable’ Energy
Article
National Review

The Trouble with ‘renewable’ Energy

“Renewable” electricity — predominantly wind and solar power — is all the rage, described by numerous commentators, politicians, pundits, journalists, and other such “experts” as cost-competitive, clean, and a major…