George Mason University Must Release Documents Calling for Prosecution of Political Opponents
Some of the RICO 20
The Competitive Enterprise Institute (CEI) prevailed in a Virginia Freedom of Information Act (VFOIA) lawsuit against George Mason University (GMU). The VFOIA request sought public records showing how the “RICO-20” group of academics, using public funding, organized their call for a federal racketeering investigation of “corporations and other entities” who disagreed with them on climate policy.
The judge ruled for CEI on all counts in an April 22 ruling in Christopher Horner and CEI v. George Mason University that the court released today. The ruling concluded that by leaving it to faculty who simply told the school’s FOIA officer they had no responsive records, GMU failed to conduct an adequate search; the judge also ruled that documents including emails from GMU Professor Ed Maibach must be released to CEI.
“This victory puts on notice those academics who have increasingly inserted themselves into politics, that they cannot use taxpayer-funded positions to go after those who disagree with them and expect to hide it,” said Chris Horner, CEI fellow and co-plaintiff. “These records are highly relevant to the state attorneys general campaign that these academics hoped for, and will be of great assistance to the public in trying to understand how their tax dollars are being used for political fights.”
In 2015, George Mason University (GMU) faculty claimed “no records” existed in response to CEI VFOIA request for records regarding Professor Ed Maibach’s role as a ringleader of the RICO-20 campaign. Other universities provided proof that the “no records” claim was not true, which prompted CEI to sue GMU over the FOIA dispute.
The RICO-20, including six GMU faculty, wrote a September 1 letter from 20 climate scientists to President Barack Obama, Attorney General Loretta Lynch, and White House science adviser John Holdren requesting a RICO (Racketeer Influenced and Corrupt Organizations) investigation of “the fossil fuel industry and their supporters.” The scientists allege that the aforementioned interests “knowingly deceived the American people about the risks of climate change, in order to forestall America’s response to climate change.” CEI’s FOIA efforts extend to each public university represented in the letter. GMU is not the only school to falsely claim “no records” existed.
In May 2015, Senator Sheldon Whitehouse (D-R.I.) called for a RICO investigation of “fossil fuel companies and their allies."The academics “strongly endorse” Sen. Whitehouse’s proposal. Documents provided by two universities suggest the RICO-20 recruited this support, not for any legislation, but for his call to prosecute political opponents, in consultation with Sen. Whitehouse.
In April, 2016, CEI was subpoenaed by the Attorney General of the U.S. Virgin Islands for a decade’s worth of climate policy related work. CEI is vigorously fighting the subpoena, which is an attack on its First Amendment rights.
See in the post how the roaches are scurrying now that the lights are on. Some of the emails have been released and like climategate they are very interesting. Junk Science may have a more complete set of letters released.
When critics trash a film, they’ve usually actually seen it - but, not ABC’s Jimmy Kimmel. So, the filmmaker of movie debunking climate hysteria is challenging Kimmel to attend a private screening.
The “Jimmy Kimmel Live!” host used seven minutes of his Monday show to mock a climate skeptic’s film he obviously hadn’t seen - since he repeats the very alarmist talking points the film debunks.
Kimmel bashed “Climate Hustle,” a climate skeptic film that aired in 400 theaters nationwide Monday, by making misleading, unsupportable, and inaccurate claims, and personally attacking Gov. Sarah Palin for supporting the film.
He then aired a two-minute climate change advocacy “message” featuring scientists dropping the “F-Bomb” to insult anyone skeptical of man-made climate change.
Kimmel’s rant against “Climate Hustle” displays a complete ignorance of the content of the film - and deploys the same shopworn deceitful and mean-spirited tactics the film exposes and addresses.
In “Climate Hustle”:
Climatologist Dr. Roger Pielke, Sr. explains how, since alarmists can’t debate the facts, they attack the messenger (as Kimmel personally insults Palin and the scientists drop the F-Bomb on skeptics),
The “97% scientific consensus” claim Kimmel cites is revealed to be the product of slanted methodology - one of which didn’t even poll 97 scientists,
Kimmel’s “hottest years ever” claim is dismantled and debunked,
The Big Money driving climate influence is shown to be on the activist side - in terms of grants, research funding, alarmist advocacy, etc. - not, as Kimmel claims, coming from corporate “polluters,” and
Renowned dissenting scientists (including a Nobel Laureate and a moon-mission astronaut) share data and analysis debunking climate hysteria - not the ignorant, average slobs Kimmel accuses his dissenting viewers of being.
In response to Kimmel’s uninformed, agenda-driven rant on national television, “Climate Hustle” producer, writer and host Marc Morano is challenging Kimmel to view the film.
Morano tells MRCTV:
“It is obvious Mr. Kimmel has not seen ‘Climate Hustle’ or he would have known better than to recite the same propaganda litany of climate ‘facts’ which the movie deals with head-on. Using a video of cursing scientists warning of a tired litany of doom, using terms like ‘apocalyptic’; ‘catastrophic’; and ‘extremely dire’ was bland and predictable and the very reason that ‘Climate Hustle’ was made.
“Apparently, Kimmel thinks failure to believe in man-made global warming fears is akin to not believing in gravity or yogurt. Odd.
“Mr. Kimmel, I challenge you to watch ‘Climate Hustle’ and issue an apology for your climate pabulum that you spewed to viewers. ‘Climate Hustle’ was made to counter the very boilerplate rants that you, Mr. Kimmel, engaged in. The public needs to view ‘Climate Hustle’. if, for no other reason, than to hear Mr. Kimmel’s climate talking points dismantled.
“Now back to your regularly scheduled programming.”
“If Jimmy Kimmel is actually interested in the facts, he’ll step up and watch the film, instead of continuing to recite inaccurate, fear-mongering cliches on blind faith,” Morano added.
Triumph! Climate Hustle packs ‘em in
Thank you to everyone who went to the movies Monday night and saw Climate Hustle.
Together, we had a huge success.
We have only anecdotal evidence of the movie’s strength so far, but what anecdotes!
Friends from across the nation report strong attendance.
There were sellouts or near sellouts in Albuquerque, Indianapolis, Dallas, Minneapolis, Seattle, Toronto, Long Island and many more. A Boy Scout Troop made a movie night of it in St. Augustine, Florida. Another group got together before the film in Minnesota for dinner and discussion.
I saw it in Virginia and we sold out there with around 180 people in attendance. The crowd’s eyes were glued to the screen. The audience reaction was very positive. Folks laughed out loud and applauded at all the places we hoped they would. We had loud applause at the end.
People engaged more than any movie I’ve recently seen. They hung around and chatted in the lobby. People were not anxious to head home, they wanted to discuss the film and process what they had learned. They were loaded with the right questions and eager to learn more.
Last night thousands of people left the theater Informed, open-minded, engaged questioners.
That’s going to give the warming crowd hives.
Jimmy Kimmel is either hustling us, or he has been hustled himself.
Either way, thousands of people left the theater last night armed with the facts they need to see through the kind of nonsense Kimmel was spouting.
That’s a good night’s work all around.
Thank you to everyone who made Monday night such a success. Great things lie ahead. Stay tuned.
InsideClimate News likes to say it has received prestigious awards for being an influential “pioneer of nonprofit advocacy journalism.” In reality, it is funded by wealthy far-left foundations and excels at creating “self-sustaining environmentalist echo chambers.” Its active partnerships with the LA Times, Associated Press, Weather Channel and other media outlets enable it to orchestrate one-sided stories on climate change, fossil fuels, renewable energy and other environmental issues.
My article this week delves into ICN’s inner workings, alliances and funding arrangements. It gives citizens and voters new reasons to question the narratives purveyed by “public interest” environmental groups and the “mainstream” media.
Thank you for posting it, quoting from it, and forwarding it to your friends and colleagues.
Inside climate propaganda
InsideClimate News excels at propagating environmentalist and Obama thinking and policies
Have you ever wondered how the LA Times, Associated Press, Weather Channel and your local media always seem to present similar one-sided stories on climate change, fossil fuels, renewable energy and other environmental issues? How their assertions become “common knowledge,” like the following?
Global temperatures are the hottest ever recorded. Melting ice caps are raising seas to dangerous levels. Hurricanes, tornadoes, floods and droughts have never been more frequent or destructive. Planet Earth is at a tipping point because of carbon dioxide emissions. Fracking is poisoning our air, water and climate. 97% of scientists agree. A clean renewable energy future is just around the corner.
It’s as if a chain of command, carefully coordinated process or alliance of ideological compatriots was operating behind the scenes to propagate these fables. This time, conspiracy theorists have gotten it right.
A major player in this process and alliance is one that most citizens and even businessmen and politicians have never heard of. InsideClimate News (ICN) has been called “highly influential,” a “pioneer of nonprofit advocacy journalism,” the recipient of “prestigious awards” for “high-impact investigative stories” on important environmental issues.
The Washington Free Beacon, National Review and Energy in Depth offer detailed and far less charitable assessments. Less friendly observers, they note, call ICN a “mouthpiece” for extreme environmentalist groups, because it is run by and out of a deep-green public relations consultancy (Science First) and is funded almost exclusively by wealthy foundations that share its and the PR firm’s anti-fossil fuel, pro-renewable energy, Bigger Government agenda. ICN was founded by David Sasoon, a true believer in catastrophic manmade climate change who wants to do all he can “to usher in the clean energy economy.”
Even praise from its supporters underscores the dark side of this “influential” force in eco-journalism. Its approach is “advocacy,” not fairness, accuracy or balance. Its goal is to drive a monolithic, hard-line, environmentalist narrative and political agenda, with little suggestion that other perspectives even exist.
Some of its awards come from an organization that has itself become politicized and too closely allied with Big Green views and organizations: the Society of Environmental Journalists. They increasingly operate too much as mutual admiration societies and support groups, say outside observers.
ICN and its Science First alter ego received their 2007 startup grant from the Rockefeller Brothers Fund, where Sasoon once served as a consultant. They now derive the bulk of their funding from the RBF, NEO Philanthropy (aka, Public Interest Projects), Marlisa Foundation and Park Foundation. These and other sugar daddies are covered in a Senate Environment and Public Works Committee staff report, which describes a “Billionaire’s Club” of “left-wing millionaires and billionaires [which] directs and controls the far-left [US] environmental movement.”
The same foundations also give major tax-exempt donations to the Sierra Club, Earthworks, NRDC, EarthJustice, the climate crisis coalition 350.org, and many other anti-coal, anti-drilling, anti-fracking, anti-Keystone pressure groups that together form the $10-billion-a-year US environmentalist industry.
ICN has active partnerships with the LA Times, Associated Press, Weather Channel, Bloomberg News and other media organizations that help coordinate and disperse stories. The Times promotes the “dangerous manmade climate change” meme and refuses to print letters that reflect skeptical views.
The Associated Press has likewise become a reliable purveyor of manmade climate chaos stories. The Weather Channel and ICN teamed up in 2014 on a series of “investigative reports” that claimed hydraulic fracturing was causing serious environmental and human health problems in Texas.
The partners team up and coordinate to “have one group write on an issue, another quote them or link to them, and so on,” Media Research Center VP Dan Gainor explains. “It keeps going until they create this perception that there’s real concern over an issue, and it bubbles up to top liberal sites like Huffington Post, and from there into the traditional media,” which itself is too predisposed to the green narrative.
The foundations “have incorporated ostensibly dispassionate news outlets into their grant-making portfolios,” says the Free Beacon’s Lachlan Markay, “creating what some describe as self-sustaining environmentalist echo chambers.”
They make it look like widespread public concern and spontaneous grassroots action - when in reality it is loud but small Astroturf activism, orchestrated by the ICN brigade and the foundations behind it.
InsideClimate News now brags about its involvement in the extensive collusion among the leftist foundations, environmental pressure groups and state attorneys general that are devising, coordinating and advancing AG prosecutions of ExxonMobil, the Competitive Enterprise Institute and other groups for alleged “racketeering” and “fraud,” to hold them “legally accountable for climate change denial.”
The efforts “stretch back at least to 2012,” ICN notes, when a meeting was held in California to develop legal strategies. In late 2015, letters from several Democrat members of Congress called for investigating and prosecuting climate skeptics; the letters cited independent journalism “investigations by the Los Angeles Times and InsideClimate News” to back up their request.
However, the intrepid Times and ICN investigators had conducted no investigation. They simply parroted and amplified “research” from a group of activist professors and students at the Columbia School of Journalism - without disclosing who had funded the CSJ studies. Transparency for thee, but not for me.
It was George Soros’s Open Society Foundations, along with the Rockefeller Brothers Fund, Rockefeller Family Foundation, Energy Foundation, Lorana Sullivan Foundation and Tellus Mater Foundation - all of which virulently oppose hydrocarbon production and actively promote climate change alarmism.
Emails subpoenaed by the Energy & Environment Legal Institute later revealed that many of the same environmentalist groups and lawyers met again in January 2016 at a secret meeting in the Rockefeller Family Fund’s Manhattan offices. Yet another secret meeting was held in March 2016, between climate activists and state attorneys general - hours before the AGs announced that they were launching RICO and other prosecutions of “climate skeptic” companies and think tanks.
The success of this campaign thus far, says ICN, has persuaded the activists to “step up efforts to pressure more attorneys general to investigate [more climate crisis skeptics] and sway public opinion, using op-eds, social media and rope-line questioning of [Republican] presidential candidates at campaign stops.”
This collusion among activists, foundations and attorneys general seeks to silence, bankrupt and defund organizations that challenge their catechism of climate cataclysm. These conspirators want to deprive us of our constitutional rights to speak out on the exaggerated and fabricated science, the coordinated echo- chamber news stories, and the pressure group-driven policies that impair our livelihoods, living standards, health, welfare and environmental quality. We will not be intimidated or silenced.
As CFACT’s new Climate Hustle film notes, manmade plant-fertilizing carbon dioxide has not replaced the powerful natural forces that have always driven Earth’s temperature, climate and weather.
The problem is not climate change. It is policies imposed in the name of preventing climate change.
That’s why Climate Crisis, Inc. wants to silence and jail us. Just imagine how much more they’ll be foaming at the mouth after throngs go to ClimateHustle.com and buy tickets for its May 2 one-night-only showing in hundreds of theaters across the United States.
Paul Driessen is senior policy analyst for the Committee For A Constructive Tomorrow (www.CFACT.org) and author of Eco-Imperialism: Green power - Black death.
The Competitive Enterprise Institute (CEI) has launched a fierce counter-attack against Claude Walker, the attorney general for the Virgin Islands, who recently served a subpoena on CEI demanding documents related to CEI’s research on global “climate change.”
On April 20, CEI’s attorney, Andrew Grossman, filed a long and extensive objection to the subpoena and made it clear that CEI will not comply with it. Grossman, a lawyer at BakerHostetler and co-founder of the Free Speech in Science Project, told Walker in his cover letter that the attorney general’s legal action targeting CEI is “a blatant attempt to intimidate and harass an organization for advancing views that you oppose.”
The only reason to try to force CEI to turn over its internal research and documents on this issue is “to punish [CEI] for its public policy views, chill its associations, and silence its advocacy.”
Grossman cites Walker’s own statements at the press conference held by AGs United for Clean Power on March 29 to show that Walker launched this investigation to achieve political ends, not “carry out any law enforcement duty.”
Walker said his investigation was intended to “make it clear to our residents as well as the American people that we have to do something transformational” about climate change, stop “rely[ing] on fossil fuels,” and “look at reliable energy.” As Grossman says, Walker is entitled to his opinions on public policy, but Walker doesn’t have a right to wield his “power as a prosecutor to advance a policy agenda by persecuting those who disagree with” Walker.
The objection filed by Grossman on behalf of CEI not only points out the constitutional problems with Walker’s investigation, but some crucial procedural mistakes made by Walker. For example, Walker didn’t actually get a court in the Virgin Islands to issue the subpoena; he simply issued it himself.
Subpoenas that are not issued by a “court of record” and that are not part of a “pending judicial action” cannot be domesticated in another jurisdiction like the District of Columbia where CEI is located and was served with the subpoena. This is the type of basic error that one might expect from a young law firm associate, not the attorney general of a U.S. protectorate.
But more fundamentally, CEI is objecting on First Amendment grounds, citing to court cases prohibiting the compelled disclosure of the type of information and documents that Walker is trying to obtain. Grossman claims that the subpoena “violates the First Amendment because it constitutes an attempt to silence and intimidate, as well as retaliate against, speech espousing a particular viewpoint with which the Attorney General disagrees.”
CEI asserts that the subpoena is also “invalid because the underlying investigation is pretextual, is being undertaken in bad faith, is intended as a fishing expedition, and is in support of an investigation of charges that have no likelihood of success.”
In what may be a sign of the involvement of the plaintiffs’ bar in pushing these climate change persecutions in the same way it helped instigate the massive tobacco industry litigation, CEI says the subpoena is invalid and violates the Fifth and 14th Amendments because Walker has delegated “investigative and prosecutorial authority to private parties.”
CEI is referring to the fact that Walker’s subpoena was handled by a private law firm in Washington, D.C., Cohen Milstein Sellers & Toll, which has been called one of the “most feared plaintiffs’ firms” in the country. The firm itself brags about being the “most effective law firm in the United States for lawsuits with a strong social and political component” (emphasis added).
CEI says that Walker’s investigation “could result in penalties available only to government prosecutors.” Thus, delegating “investigative and prosecutorial authority to a private attorney, Ms. Linda Singer, and a private law firm, Cohen Milstein Sellers & Toll PLLC, that are most likely being compensated on a contingency-fee basis, violates due process of law.”
That raises a very interesting question about “AGs United for Clean Power” - are they hiring private firms like Cohen Milstein on a contingency basis to target climate change deniers?
CEI’s objection also claims that Walker, Singer, and the Cohen Milstein firm may be subject to sanctions for violating a local court rule in the District of Columbia that required them to “take reasonable steps to avoid imposing undue burden or expense” on CEI, and that this broad, burdensome subpoena “plainly violates that duty given its facial invalidity, astonishing overbreadth, and evident purpose of imposing unwarranted and illegitimate burdens on CEI and CEI’s exercise of its constitutional rights.”
CEI says that Walker, Singer, and the firm “violated their ethical obligations” under a D.C. Bar Rule that prohibits an attorney from “knowingly us[ing] methods of obtaining evidence that violate the legal rights of” a third party.
CEI’s attorney concludes his letter to Walker by calling him (and all of the other attorneys general involved in this climate change cartel) out in very plain spoken terms:
Your demand on CEI is offensive, it is un-American, it is unlawful, and it will not stand.
He gives Walker a warning and a choice: “You can either withdraw [the subpoena] or expect to fight ...the law does not allow government officials to violate Americans’ civil rights with impunity.”
This morning, even here in the North German lowlands, close to sea level, snow fell as temperatures hovered near the freezing point.
Currently many Germans are struggling under snow, ice and cold as winter terminates spring for the time being. The cause: a low pressure centered over the Baltic Sea pumping in cold polar air through Europe.
Winter massberg April 26, 2016
Winter transforms Germany’s Thuringia Forest into a winter wonderland today. Massberg webcam photo 11.07 a.m.
Newsite Thuringia Antenne here writes that winter has returned and will stick around for awhile, reporting of icy roads, accidents and cold. Meteorologist Dominik Jung of www.wetter.net forecasts 5 to 10 cm of snow across wide regions of Germany, especially Bavaria and Thuringia.
The Rheinbrucke at Rees had to be closed for over an hour and a half early this morning due to accidents from icy conditions, the RP Online reports here.
Sub-zero temperatures were recorded at a number of weather stations throughout Germany this morning.
In the northeastern state of Saxony Bild national daily reports by video of a snow chaos as travelers struggle with an “enormous snow mass” as roads become impassable from the snow and snow plows are unable to keep up. The snow is expected to stay at elevations over 400 - 600 meters, wetter.net reports.
Much of Europe is forecast to remain cold at least for the next 7 days, as the following chart shows negative temperature anomalies:
Winter_April 26 2016 7 day forecast
In his video forecast from this morning, meteorologist Jung says for now, “Spring is nowhere in sight.”
Environmentalists truly believed and predicted that the planet was doomed during the first Earth Day in 1970, unless drastic actions were taken to save it. Humanity never quite got around to that drastic action, but environmentalists still recall the first Earth Day fondly and hold many of the predictions in high regard.
So this Earth Day, The Daily Caller News Foundation takes a look at predictions made by environmentalists around the original Earth Day in 1970 to see how they’ve held up. Have any of these dire predictions come true? No, but that hasn’t stopped environmentalists from worrying. From predicting the end of civilization to classic worries about peak oil, here are seven green predictions that were just flat out wrong.
1: “Civilization Will End Within 15 or 30 Years.”
Harvard biologist Dr. George Wald warned shortly before the first Earth Day in 1970 that civilization would soon end “unless immediate action is taken against problems facing mankind.” Three years before his projection, Wald was awarded the Nobel Prize for Physiology or Medicine. Wald was a vocal opponent of the Vietnam War and the nuclear arms race. He even flew to Moscow at one point to advise the leader of the Soviet Union on environmental policy.
Despite his assistance to a communist government, civilization still exists. The percentage of Americans who are concerned about environmental threats has fallen as civilization failed to end by environmental catastrophe.
2: “100 to 200 Million People Per Year Will Be Starving to Death During the Next Ten Years.”
Stanford professor Dr. Paul Ehrlich declared in April 1970 that mass starvation was imminent. His dire predictions failed to materialize as the number of people living in poverty has significantly declined and the amount of food per person has steadily increased, despite population growth. The world’s Gross Domestic Product per person has immeasurably increased despite increases in population.
Ehrlich is largely responsible for this view, having co-published “The Population Bomb” with The Sierra Club in 1968. The book made a number of claims including that millions of humans would starve to death in the 1970s and 1980s, mass famines would sweep England leading to the country’s demise, and that ecological destruction would devastate the planet causing the collapse of civilization.
3: “Population Will Inevitably and Completely Outstrip Whatever Small Increases in Food Supplies We Make.”
Paul Ehrlich also made the above claim in 1970, shortly before an agricultural revolution that caused the world’s food supply to rapidly increase.
Ehrlich has consistently failed to revise his predictions when confronted with the fact that they did not occur, stating in 2009 that “perhaps the most serious flaw in The Bomb was that it was much too optimistic about the future.”
See also this white paper on Food Security and Climate - What happens if the world warms? What happens if the world cools?.
4: “Demographers Agree Almost Unanimously...Thirty Years From Now, the Entire World ... Will Be in Famine.”
Environmentalists in 1970 truly believed in a scientific consensus predicting global famine due to population growth in the developing world, especially in India.
“Demographers agree almost unanimously on the following grim timetable: by 1975 widespread famines will begin in India; these will spread by 1990 to include all of India, Pakistan, China and the Near East, Africa. By the year 2000, or conceivably sooner, South and Central America will exist under famine conditions,” Peter Gunter, a professor at North Texas State University, said in a 1970 issue of The Living Wilderness."By the year 2000, thirty years from now, the entire world, with the exception of Western Europe, North America, and Australia, will be in famine.”
India, where the famines were supposed to begin, recently became one of the world’s largest exporters of agricultural products and food supply per person in the country has drastically increased in recent years. In fact, the number of people in every country listed by Gunter has risen dramatically since 1970.
5: “In A Decade, Urban Dwellers Will Have to Wear Gas Masks to Survive Air Pollution.”
Life magazine stated in January 1970 that scientist had “solid experimental and theoretical evidence” to believe that “in a decade, urban dwellers will have to wear gas masks to survive air pollution… by 1985 air pollution will have reduced the amount of sunlight reaching Earth by one half.”
Despite the prediction, air quality has been improving worldwide according to the World Health Organization. Air pollution has also sharply declined in industrialized countries. Carbon dioxide (CO2), the gas environmentalists are worried about today, is odorless, invisible and harmless to humans in normal amounts.
6: “Childbearing [Will Be] A Punishable Crime Against Society, Unless the Parents Hold a Government License.”
David Brower, the first executive director of The Sierra Club made the above claim and went on to say that “[a]ll potential parents [should be] required to use contraceptive chemicals, the government issuing antidotes to citizens chosen for childbearing.” Brower was also essential in founding Friends of the Earth and the League Of Conservation Voters and much of the modern environmental movement.
Brower believed that most environmental problems were ultimately attributable to new technology that allowed humans to pass natural limits on population size. He famously stated before his death in 2000 that “all technology should be assumed guilty until proven innocent” and repeatedly advocated for mandatory birth control. Today, the only major government to ever get close to his vision has been China, which ended its one-child policy last October.
7: “By the Year 2000 ...There Won’t Be Any More Crude Oil.”
On Earth Day in 1970 ecologist Kenneth Watt famously predicted that the world would run out of oil saying, “You’ll drive up to the pump and say, ‘Fill ‘er up, buddy,’ and he’ll say, ‘I am very sorry, there isn’t any.’”
Numerous academics like Watt predicted that American oil production peaked in 1970 and would gradually decline, likely causing a global economic meltdown. However, the successful application of massive hydraulic fracturing, or fracking, caused American oil production to come roaring back and there is currently too much oil on the market.
American oil and natural gas reserves are at their highest levels since 1972 and American oil production in 2014 was 80 percent higher than in 2008 thanks to fracking. Furthermore, the U.S. now controls the world’s largest untapped oil reserve, the Green River Formation in Colorado. This formation alone contains up to 3 trillion barrels of untapped oil shale, half of which may be recoverable. That’s five and a half times the proven reserves of Saudi Arabia. This single geologic formation could contain more oil than the rest of the world’s proven reserves combined.
Via Benny Peiser. (H/T, Ronald Bailey at Reason and Mark Perry at the American Enterprise Institute).