Turning the greenflationary ratchet.
Editor’s note: The following is partially based on the Capital Letter published on December 5, 2021.
NRPLUS MEMBER ARTICLE S hell’s decision to pull out of the Cambo North Sea oilfield-development project in early December — which could have also provided enough natural gas for 1.5 million homes for a year — may not seem like something that should concern Americans. Check a little more closely, though, and this grim tale begins to look a lot like an example of how our own oil and gas production is going to be — or is already starting to be — constrained, not necessarily by legislation but …
