Environment

As discussed earlier, on Tuesday afternoon Donald Trump signed an executive order undoing most of Obama-era climate change regulations that his administration says is hobbling oil drillers and coal miners, a move environmental groups have vowed to take to court. The decree's main target is former President Barack Obama's Clean Power Plan that required states to slash carbon emissions from power plants - a critical element in helping the United States meet its commitments to a global climate change accord reached by nearly 200 countries in Paris in 2015.

Coming off a brutal Trumpcare defeat, delivered by members of his own party no less, Trump has decided to return to a strategy of progressing his policy initiatives through executive order.  As such, later today President Trump is set to sign a sweeping new "Energy Independence" executive order aimed at promoting domestic oil, coal and natural gas production by reversing much of Obama's efforts to address climate change via his "Clean Power Plan".

Coming off a brutal Trumpcare defeat, delivered by members of his own party no less, Trump has decided to return to a strategy of progressing his policy initiatives through executive order.  As such, tomorrow President Trump is set to sign a sweeping new order aimed at promoting domestic oil, coal and natural gas by reversing much of Obama's efforts to address climate change.

Very much like the self-imposed output cut by OPEC and non-OPEC members which successfully boosted the price of crude over $50 even if global crude inventories "inexplicably" continue to hit new all time highs, one of the main reasons why commodity metal prices have seen a dramatic increase in prices over the past year has been China's solemn vow to cut back on overcapacity and excess production.

A View We Don’t Often Hear

Little wonder some of you prefer the Koch brothers propaganda. No global warming is a much happier story. I like it better myself. From a reader:

Hi Paul,

Right you are. The Arctic sea ice is steadily diminishing, the temperature of the Arctic seas is steadily rising. and if these trends continue, some near future month or year, there will be a sudden, massive eruption of gigatons of methane from the Arctic region into the atmosphere.