By Vijay Jayaraj The world is on fire, and not in the way climate alarmists would have you believe. For years, governments of wealthy democracies sold the fantasy that wind turbines and solar panels could replace coal, oil and natural gas. Now, with war in Eastern Europe, explosions in the Middle East, and the global… Continue Reading
By Norman Rogers – December 6, 2021 The price of oil is inelastic. A shortage causes the price to soar, and excess production creates ruinously low prices. Naturally, the producers want to limit production when necessary to protect the price and their profitability. Currently, Russia and Saudi Arabia are holding back some production to support the price. Prior to… Continue Reading