Shell, with unexpected Arctic drilling approval, looks like Obama’s kind of oil company

Backscratch-fest?

Shell-leased rig Noble Discoverer in the Chukchi Sea. (Image: Royal Dutch Shell via LAT)
Shell-leased rig Noble Discoverer in the Chukchi Sea. (Image: Royal Dutch Shell via LAT)

As noted earlier today, the Obama administration on Monday gave Royal Dutch Shell “conditional approval” to drill an Arctic oil lease off the coast of Alaska in the Chukchi Sea – a move that has environmental groups in a tizzy.

Shell actually gave up on its hopes of drilling in the Arctic a little over a year ago after a setback in federal court, and at the time, environmental groups and the media were satisfied that the situation made sense, given the administration’s well-known posture on environmental issues and energy.

The mainstream media have been silent this week on why the Obama administration, with its pattern of uniform and ruthless hostility to the fossil fuels industry, has given this approval.  Even the New York Times, which is usually able to mouth a narrative planted by administration officials, has offered no explanation. Continue reading “Shell, with unexpected Arctic drilling approval, looks like Obama’s kind of oil company”

Big Carbon

Hot gas.

So, how’s that carbon-trading thing going?  Big Carbon set up shop in the European Union in 2005, and is scheduled to make its North American-franchise debut in California in January.  How goes the trade?

Eurozombie

The answer in Europe is: not well.  Carbon trading is a zombie in Europe.  It’s going to start eating flesh pretty soon.  It’s on a rampage stirring up the airline industry overseas right now (on which more later), but its “life” inside the Union is creepy and inverted. Continue reading “Big Carbon”