2023-03-14
You know the pips are squeaking when the most on-message pretender to the presidency of the United States gives the OK to a huge oil project in the pristine wastes of Alaska, in the teeth of opprobrium from the climate zealots.
If even the American government is opening up new oil drilling, how long will the rest of the world's "green" governments hold out in the face of (a) their domestic energy shortages and (b) a US poised to make a financial killing by selling them the oil (at elevated prices) that they could have produced or bought for themselves at a substantially lower cost?
Is the great Net Zero bandwagon about to be slammed into reverse?