Joe Biden’s Net-Zero isn’t normal
It would seem that to achieve Biden’s net-zero climate change goal would require the U.S. to abrogate its Constitution.
UN says virus-driven greenhouse gas reductions don’t count
“The lockdown-related fall in emissions is just a tiny blip on the long-term graph,” the UN's World Meteorological Organization secretary general Petteri Taalas said in a statement. “We need a sustained flattening of the curve.”
Oil prices reach three month high on improving demand outlook
Markets broadly rallied after AstraZeneca Plc became the latest company to report a vaccine that protects most people from coronavirus. Vaccinations will “hopefully” start as soon as Dec. 11 or Dec. 12, Moncef Slaoui, head of the American government’s Operation Warp Speed vaccine acceleration program, said on CNN on Sunday.
Yemen’s Houthis claim unconfirmed missile strike on Saudi Aramco facility
The Houthis hit a fuel-distribution center in Jeddah on the kingdom’s west coast with a Quds 2 rocket, according to a statement from their spokesman, Yahya Saree.
ADNOC commits $122 billion to boost oil and gas output
Officials in Abu Dhabi privately floated the idea last week that the nation could leave OPEC, a highly unusual step that could destabilize oil markets. Energy Minister Suhail Al-Mazrouei later said the UAE “has always been a committed member,” though he didn’t address the country’s future in the cartel.
Turkey wants to keep EU ties, despite sanction threat over offshore drilling
Turkish Cypriots and Cyprus have been at loggerheads over offshore gas reserves in disputed waters. Cyprus has been pushing other EU states to expand a blacklist against Turkey over its natural-gas exploration in the eastern Mediterranean. Other governments including Germany were wary of provoking Turkey.