“Experts are unanimous that the increase in oil and gas production will play a critical role in the Nigerian economy’s recovery in 2021. Forecasts indicate that oil and gas production will continue to increase rapidly in the next two decades.”
“Nigeria’s current power generation is around 5,000 MW, while the ideal capacity would be around 30,000 MW. Nigeria plans to add six new coal plants by 2037. Together with 9 new additions of gas plants, this would provide an additional 11,163 MW of power.”
There have been reports that Nigeria, Africa’s biggest economy, is shifting away from oil and gas and is looking to invest in renewables. Recent energy decisions and investments show otherwise. The country is placing its bet on fossil fuels.
Fossil Fuels: Key to Nigeria’s Energy Future
Only 45 percent of Nigerians have access to the national power grid.…
Continue ReadingEd. Note: The Cato Institute has long been an intellectual and advocacy force for climate realism (the global lukewarming school), as well as free-market energy policies in the face of climate alarmism. This post shares Cato’s work on both issues in this historic week of climate activism to, in President Biden’s words, “set America on a path of net-zero emissions economy by no later than 2050.”
This post will be updated with any new material from Cato on these subjects.
………………..
[Nothing on Earth Day] [!!]
[April 23rd: Electric Vehicles and the Biden Infrastructure Plan]
This post by Chris Edwards is just regular fare with little-to-nothing to do with the climate/energy transformation war raging outside of Cato’s windows.
The piece is also very shallow and politically correct, trying to make the argument that more government subsidies are not needed because electric vehicles (EVs) can now stand on their own….…
Continue Reading“What many environmentalists seem incapable of understanding is that resources are created. After all, crude oil is just sludge until you get it out of the ground and figure out how to use it as an energy source.”
“This Earth Day, we should all give two green thumbs up for human freedom and innovation.”
There is a certain fringe of the environmentalist movement whose members have almost nothing good to say about their fellow men and women. If not for humans, they sometimes explicitly argue, the Earth would be a wonderful place. The lion might not lie down with the lamb, but at least “nature” would be allowed to run its course unobstructed by humankind—which in their reckoning is somehow not a part of nature.
Admittedly, humans have a particular nature that sets them apart from the rest of the fauna on this planet.…
Continue Reading