Tag: natural resources

NatGas Generators Rescued Spain From Net Zero Death After Power Collapse

We want to congratulate Portugal and Spain for achieving net zero earlier this week, well ahead of the 2050 target.

Europe’s dangerous and radical shift to unreliable net zero energy has been nothing short of a disaster and an embarrassment for the far-left liberals high in their castles in Brussels. 

The progressives ramming green ideology down our throats seem completely divorced from reality, having steered the West toward a bleak future built on unreliable green energy—much of it sourced from China.

Meanwhile, China is rapidly expanding its reliable coal and nuclear power generation. One can’t help but wonder whether leftist politicians are inadvertently sabotaging the very foundations of the West. 

The inconvenient truth for Western liberals is that fossil fuel power generation is what restarted Spain’s power grid after the worst power blackout in a generation. 

“SPAIN’s black start after the cascading power failure relied heavily on gas-fired and hydro generators to re-energise the grid and establish synchronism,” commodities analyst John Kemp wrote on X. 

Keep reading

Media shows no scrutiny of study claiming oil companies made the world $28 trillion poorer

A new study published in the journal Nature concludes that the world would be $28 trillion richer if we hadn’t used fossil fuels. Were it not for the “extreme heat” fossil fuel companies are causing, the researchers from Dartmouth College explain, we’d have a much wealthier planet. 

With such dramatic conclusions, multiple outlets in the legacy media breathlessly reported the findings. A report in CBS News quotes celebrity climate scientist Michael Mann supporting this type of research. A D.C. court recently sanctioned Mann in his libel suit against two bloggers, saying he “acted in bad faith when they presented erroneous evidence and made false representations to the jury and the Court.” CBS News’ report makes no mention of this. 

“Extreme weather events continue disrupt [sic] communities and strain finances,” a report on the study in The New York Times states. The lead paragraph in a report in the Associated Press compares using fossil fuels, which are the basis for over 80% of the globe’s energy and thousands of consumer products, to using tobacco. The study, Associated Press climate reporter Seth Borenstein claims, will “make it easier for people and governments to hold companies financially accountable.” 

These articles fail to mention that the methodology used in the study wasn’t developed by impartial researchers dedicated to following science. The methodology, it turns out, was developed by anti-fossil fuel activists whose aim is to support climate lawsuits against oil companies. The study’s authors also consulted with a lawyer who works at a law firm that stands to profit from climate litigation. 

Keep reading

Island dripping with GOLD could be Trump’s next win if he seizes chance for ‘deal of the century’

Trump’s love of gold is no secret. From the gilded splendor of Trump Tower to Mar-a-lago’s gleaming ballroom, the president is known to revel in all that glitters. 

But has a golden opportunity just arisen for Trump to take control of a tropical island complete with its own gold mine? 

Bougainville, which is currently part of Papua New Guinea, voted overwhelmingly for independence in 2019, but the poll wasn’t binding. Now a local leader says he is open to a deal for it to become part of the United States. 

Given the island’s strategic significance in any future war with China, it could be well worth its weight! 

Bougainville’s president, former rebel commander Ishmael Toroama, says: ‘If the US comes and says, “Yes, we support Bougainville independence,” then, I can say, “Well, the Panguna mine is here. It’s up to you.”‘

‘Bougainville is for independence. It is only a matter of time,’ he told The World in October, setting 2027 as the target for full statehood. 

At the center of the battle for independence lies Bougainville’s immense natural wealth — particularly the dormant Panguna mine, once one of the world’s biggest sources of copper and gold. 

It’s estimated to still hold 5.84 million tons of copper and nearly 20 million ounces of gold — worth around $60 billion today.

Keep reading

US demanding $100bn compensation from Ukraine

The US continues to insist that Ukraine should pay it tens of billions of dollars as part of a resource deal in compensation for American assistance in the conflict with Russia, but has scaled back its initial assessment of the final amount, Bloomberg reported on Wednesday, citing sources.

Washington and Kiev have for weeks been discussing a resource deal – a concept first floated by Vladimir Zelensky last year – which would grant the US access to Ukraine’s deposits of rare earths.

Following a round of talks in Washington last week, officials from the administration of US President Donald Trump cut their estimate of American assistance to Kiev from more than $300 billion to about $100 billion, Bloomberg sources said. Ukraine itself assesses total aid US during the conflict with Russia at just over $90 billion.

Keep reading

US forces hit Yemen oil port in ongoing strikes against Houthis

U.S. forces on Thursday hit a major fuel port in western Yemen used to supply Houthi rebels, the first such airstrike publicly announced since Washington began an air campaign against the militant group in March.

“Today, U.S. forces took action to eliminate this source of fuel for the Iran-backed Houthi terrorists and deprive them of illegal revenue,” read a statement from U.S. Central Command (CENTCOM), which oversees U.S. military operations in the Middle East.

The command said it targeted and destroyed the port of Ras Isa, a primary oil terminal on the Red Sea coast.

“The objective of these strikes was to degrade the economic source of power of the Houthis,” CENTCOM said.

The U.S. first began airstrikes on the Houthis in Yemen on March 15 as part of a campaign to force the militant group to stop attacking civilian and military ships in the Red Sea, a vital maritime corridor. 

President Trump has vowed to continue such strikes on the Iran-backed Houthis and warned Tehran to stop supporting the group, declaring that the country will be held directly responsible for any future attacks by the rebels. 

The U.S. military has also built up its forces in the region, sending a second carrier strike group to Middle East waters as well as bombers, fighter jets and air defense batteries.

Keep reading

Newly Unredacted Documents Show Joe Biden Was Negotiating Oil, Gas Deal to Benefit Hunter and Burisma Through Private Email Account

Joe Biden’s private email scandal is likely much worse than Hillary Clinton’s email scandal.

And just like Hillary, Biden was never indicted for his use of burner phones and private emails while he was US Vice President.

Special Counsel Robert Hur ignored Joe Biden’s use of private emails.

The National Archives previously confirmed through a FOIA response that they found 5,138 email messages and 25 electronic files pertaining to the known Joe Biden pseudonym accounts robinware456@gmail.com, JRBWare@gmail.com and Robert.L.Peters@pci.gov.

According to newly unredacted documents, in 2014, while Joe Biden was publicly calling for sanctions against Russia, he was privately negotiating an oil and gas deal to help his son Hunter.

Just The News reported:

While Joe Biden publicly led the charge to punish Russia for its first invasion of Ukraine, he used his role as vice president to quietly open a backdoor for Moscow’s gas to flow to its neighbor in fall 2014, at a time when his son Hunter’s Ukrainian energy company sought such help, according to government messages in a private email account kept from Americans for more than a decade.

The emails, sent to Joe Biden’s private account that used the fake name RobinWare456@gmail.com, were recently turned over by the National Archives, mostly redacted, to Just the News under an open records lawsuit and in unredacted form to the House Oversight and Accountability Committee that continues to investigate corruption concerns surrounding the former first family.

They confirm that Joe Biden played a secret role at a “critical moment” to help secure Russia’s willingness to re-open natural gas spigots to Ukraine, a deal that publicly Germany and its then-chancellor, Angela Merkel, received credit for brokering.

“Ukraine gas deal was just signed. The Germans earlier indicated to Tony that your call had come at a critical moment,” the vice president’s Deputy National Security Advisor Jeffrey Prescott wrote in an Oct. 30, 2014 email to Joe Biden’s private account that appears to reference then-Deputy Secretary of State Tony Blinken, a longtime Biden confident who would later serve as Biden’s chief diplomat during the 46th presidency.

Keep reading

Ukraine to Send ‘Team’ to US to Discuss Mineral Deal After Zelensky Botched The First Meeting

Following a fiery meeting at the White House on February 28 where Ukraine’s Dictator Vladimir Zelensky insulted America, Kiev will now be sending ‘a team‘ of delegates to Washington to begin negotiations regarding President Donald Trump’s mineral deal.

On April 1 President Trump reduced the revenue Ukraine will receive from the mineral deal from 50 percent to 0 percent while also removing any security guarantees due to the Dictator’s reluctance to peace negotiations. This follows the March 25 negotiations between Kiev and Moscow in which no deal was reached.

While the exact day the U.S. Ukrainian meeting will take place is not yet known, it will reportedly happen this week.

Representing Ukraine, the team will be comprised of members of Kiev’s Ministries of Economy, Foreign Affairs, Justice and Finance.

“This week, Ukraine will send a delegation to Washington to move forward with negotiations on a strategic agreement with the United States regarding critical natural resources,” the first deputy Prime Minister and Minister of Economy of Ukraine, Yulia Svyrydenko said in a social media post Monday morning. “This dialogue reflects the strategic interests of both nations and our shared commitment to building a strong, transparent partnership. The delegation will include representatives from the Ministries of Economy, Foreign Affairs, Justice, and Finance. We aim to align on project selection, legal frameworks, and long-term investment mechanisms.”

Keep reading

Colombia seizes nearly 49 tonnes of China-bound smartphone mineral

Colombian police said Wednesday they had seized nearly 49 tonnes of tin and coltan, a mineral used in smartphones, that had been illicitly extracted by leftist rebels and readied for shipment to China.

They valued the seizure, one of the biggest of illegally mined coltan in Colombia in years, at US$1.2 million.

The police said the minerals, which are mined together, were extracted by dissident members of the now-defunct rebel Farc army in the jungle near the Venezuelan border.

The shipment seized in the city of Villavicencio came from illegal mines in the remote eastern departments of Guainia and Vichada.

Keep reading

Top German Politicians Are Calling For Resumption Of Russian Gas

In Europe, the lure of a return to cheap energy is ever-present, and that conversation is becoming easier as the Trump administration in Washington pushes hard for ceasefire negotiations with Moscow.

Senior German politicians are already calling for a resumption of ties with Russia. For example Michael Kretschmer, a senior member of Friedrich Merz’s centre-right Christian Democrats, is now arguing that EU sanctions on Russia are “completely out of date” as they increasingly openly contradict “what the Americans are doing.”

Financial Times in a fresh report quoted Kretschmer’s words to the German press agency DPA as follows: “When you realize that you’re weakening yourself more than your opponent, then you have to think about whether all of this is right.”

The same publication has observed the expected immediate backlash to the statements as follows:

Kretschmer, who is also a long-standing opponent of weapons deliveries to Ukraine, is the latest in a string of figures from both Merz’s centre-right CDU and the centre-left Social Democrats to have gone public in recent weeks with calls to resume economic or energy ties with Russia.

That has created a problem for Merz — who is all but certain to be Germany’s next chancellor — as well as for his likely coalition partners in the SPD at a time when he is trying to cast himself as a strong partner for Ukraine and for Europe. Germany’s Green party, which is strongly pro-Kyiv, called on Sunday for Merz to clamp down on “friends of Putin” in his party. 

But Merz hasn’t himself actively tried to silence this growing desire in some political circles for rapprochement with Russia.

But Bloomberg reported Monday, “The co-head of Germany’s Social Democrats party and frontrunner to become the next finance minister Lars Klingbeil dismissed swirling speculation over reviving pipeline gas deliveries from Russia after a potential peace deal for Ukraine.”

Keep reading

After Rejecting Peace, Ukraine Loses Security Guarantees & Revenue From Trump’s Mineral Deal Offer

President Donald Trump’s administration revised the previous mineral deal it had offered Ukraine, which the country’s Dictator Vladimir Zelensky rejected after disrespecting the United States in the White House. The new version of the mineral deal, which Reuters claimed to have attained a draft of on Friday, provides less to Ukraine than the old version did. Interestingly, the revised deal comes directly after Kiev failed to agree to a ceasefire and Moscow announced it will no longer deal with Ukraine’s current government due to trust issues.

“The U.S. has revised its original proposal, said the sources, and it gives Ukraine no future security guarantees but requires it to contribute to a joint investment fund all income from the use of natural resources managed by state and private enterprises across Ukrainian territory,” Reuters said Friday.

Security guarantees have been a key goal for the Dictator, who in October based his ill-fated ‘victory plan‘ around them.

The original mineral deal only required Kiev contribute 50 percent of its income from state-owned, and just state-owned natural resources.

The new requirement for Kiev to contribute 100 percent of its income from the public, and chiefly, private use of its natural resources to a joint fund is likely another critical blow to the war-torn nation, as it has relied on foreign gifts to maintain its war, going so far as to have its Dictator travel the globe begging for money.

Trump sees a mineral deal as a method of recouping costs associated with funding Ukraine’s war. He has also said that the sheer fact American businesses would be engaged in commerce in Ukraine is a type of security guarantee in and of itself.

On Wednesday Trump said that Washington is making progress toward a ceasefire via a strategy of commerce and trade. The mineral deal appears central to Trump’s operations in this space.

While negotiations between Moscow and Kiev have taken place as recently as this week, no ceasefire deal had been reached.

Keep reading