News Club | The Good News Club

    Qatar’s Minister of Energy and Industry Mohammed Saleh al-Sada (center), Saudi Arabia’s  minister of Oil and Mineral Resources Ali al-Naimi (left), and Russia’s Energy Minister Alexander Novak attend a press conference Tuesday in the Qatari capital Doha. Energy    giants Saudi Arabia and Russia agreed to freeze oil output to try to stabilize the market if other major producers do the same, Qatar’s oil minister said. Freezing oil production announced Tuesday by some OPEC members and Russia is not a cut and is largely meaningless. It does not include Iran and Iraq. Obviously only includes Saudi Arabia, Russia, Venezuela and Qatar. What is it really? A largely empty and cynical gesture that almost certainly will lead to another price increase "head-fake" that will not last. This will strengthen the OPEC income temporarily. The oil minister of Saudi Arabia's al-Naimi said the agreement to freeze the production levels of January was "dynamic and prelimin...

   Senator Bernie Sanders speaking in Concord, New Hampshire — part of a key region that represents his favorite fossil fuel subsidy.  What is your favorite fossil fuel subsidies? Which may seem like an odd question, but you almost certainly one. Even someone as strongly opposed to the consumption of fossil fuels such as presidential candidate Bernie Sanders is a favorite - will get shortly. If you are wondering why there are fossil fuel subsidies despite seemingly overwhelming opposition to their existence, I'm going to explain it here. In short, it is because they require their taxpayers, but does not recognize them as fossil fuel subsidies. Oil Change International is a company that monitors subsidies of fossil fuels, and tabulate figures often cited by those opposed to the fossil fuel industry. For example, a few years ago environmental activist Bill McKibben, founder of 350. org, stated the OCI data support that fossil fuel industry receives $ 1 trillion in ...