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New Report Reveals Just How Energy Rich America Really Is

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From the Daily Caller News Foundation

By DAVID BLACKMON

 

A new report by the Institute for Energy Research (IER), a nonprofit dedicated to the study of the impact of government regulation on global energy resources, finds that U.S. inventories of oil and natural gas have experienced stunning growth since 2011.

The same report, the North American Energy Inventory 2024, finds the United States also leading the world in coal resources, with total proven resources that are more than 53% bigger than China’s.

Despite years of record production levels and almost a decade of curtailed investment in the finding and development of new reserves forced by government regulation and discrimination by ESG-focused investment houses, America’s technically recoverable resource in oil grew by 15% from 2011 to 2024. Now standing at 1.66 trillion barrels, the U.S. resource is 5.6 times the proved reserves held by Saudi Arabia.

The story for natural gas is even more amazing: IER finds the technically recoverable resource for gas expanded by 47% in just 13 years, to a total of 4.03 quadrillion cubic feet. At current US consumption rates, that’s enough gas to supply the country’s needs for 130 years.

“The 2024 North American Energy Inventory makes it clear that we have ample reserves of oil, natural gas, and coal that will sustain us for generations,” Tom Pyle, President at IER, said in a release. “Technological advancements in the production process, along with our unique system of private ownership, have propelled the U.S. to global leadership in oil and natural gas production, fostering economic benefits like lower energy prices, job growth, enhanced national security, and an improved environment.”

It is key to understand here that the “technically recoverable” resource measure used in financial reporting is designed solely to create a point-in-time estimate of the amount of oil and gas in place underground that can be produced with current technology. Because technology advances in the oil and gas business every day, just as it does in society at large, this measure almost always is a vast understatement of the amount of resource that will ultimately be produced.

The Permian Basin has provided a great example of this phenomenon. Just over the past decade, the deployment of steadily advancing drilling and hydraulic fracturing technologies has enabled producers in that vast resource play to more than double expected recoveries from each new well drilled. Similar advances have been experienced in the other major shale plays throughout North America. As a result, the U.S. industry has been able to consistently raise record overall production levels of both oil and gas despite an active rig count that has fallen by over 30% since January 2023.

In its report, IER notes this aspect of the industry by pointing out that, while the technically recoverable resource for U.S. natural gas sits at an impressive 4.03 quads, the total gas resource in place underground is currently estimated at an overwhelming 65 quads. If just half of that resource in place eventually becomes recoverable thanks to advancing technology over the coming decades, that would mean the United States will enjoy more than 1,000 years of gas supply at current consumption levels. That is not a typo.

Where coal is concerned, IER finds the US is home to a world-leading 470 billion short tons of the most energy-dense fossil fuel in place. That equates to 912 years of supply at current consumption rates.

No other country on Earth can come close to rivaling the U.S. for this level of wealth in energy mineral resources, and few countries’ governments would dream of squandering them in pursuit of a political agenda driven by climate fearmongering. “And yet, many politicians, government agents, and activists seek to constrain North America’s energy potential,” Pyle says, adding, “We must resist these efforts and commit ourselves to unlocking these resources so that American families can continue to enjoy the real and meaningful benefits our energy production offers.”

With President Joe Biden and former President Donald Trump staking out polar opposite positions on this crucial question, America’s energy future is truly on the ballot this November.

David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.

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Alberta

Nobel Prize nods to Alberta innovation in carbon capture

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From the Canadian Energy Centre

By Grady Semmens

‘We are excited to bring this made-in-Canada innovation to the world’

To the naked eye, it looks about as exciting as baking soda or table salt.

But to the scientists in the University of Calgary chemistry lab who have spent more than a decade working on it, this white powder is nothing short of amazing.

That’s because the material they invented is garnering global attention as a new solution to help address climate change.

Known as Calgary Framework-20 (CALF-20 for short), it has “an exceptional capacity to absorb carbon dioxide” and was recognized in connection with the 2025 Nobel Prize in Chemistry.

A jar of CALF-20, a metal-organic framework (MOF) used in carbon capture. Photo courtesy UCalgary

“It’s basically a molecular sponge that can adsorb CO2 very efficiently,” said Dr. George Shimizu, a UCalgary chemistry professor who leads the research group that first developed CALF-20 in 2013.

The team has been refining its effectiveness ever since.

“CALF-20 is a very exciting compound to work on because it has been a great example of translating basic science into something that works to solve a problem in the real world,” Shimizu said.

Advancing CCS

Carbon capture and storage (CCS) is not a new science in Alberta. Since 2015, operating projects in the province have removed 15 million tonnes of CO2 that would have otherwise been emitted to the atmosphere.

Alberta has nearly 60 proposed facilities for new CCS networks including the Pathways oil sands project, according to the Regina-based International CCS Knowledge Centre.

This year’s Nobel Prize in Chemistry went to three of Shimizu’s colleagues in Japan, Australia and the United States, for developing the earliest versions of materials like CALF-20 between 1989 and 2003.

Custom-built molecules

CALF-20 is in a class called metal-organic frameworks (MOFs) — custom-built molecules that are particularly good at capturing and storing specific substances.

MOFs are leading to new technologies for harvesting water from air in the desert, storing toxic gases, and capturing CO2 from industrial exhaust or directly from the atmosphere.

CALF-20 is one of the few MOF compounds that has advanced to commercial use.

“There has been so much discussion about all the possible uses of MOFs, but there has been a lot of hype versus reality, and CALF-20 is the first to be proven stable and effective enough to be used at an industrial scale,” Shimizu said.

It has been licensed to companies capturing carbon across a range of industries, with the raw material now being produced by the tonne by chemical giant BASF.

CO2 pipeline at the Quest CCS project near Edmonton, Alta. Photo courtesy Shell Canada

Carbon capture filter gigafactory

Svante Inc. has demonstrated its CALF-20-based carbon capture system at a cement plant in British Columbia.

The company recently opened a “gigafactory” in Burnaby equipped to manufacture enough carbon capture and removal filters for up to 10 million tonnes of CO2 annually, equivalent to the emissions of more than 2.3 million cars.

The filters are designed to trap CO2 directly from industrial emissions and the atmosphere, the company says.

Svante chief operating officer Richard Laliberté called the Nobel committee’s recognition “a profound validation” for the entire field of carbon capture and removal.

CALF-20 expansion

Meanwhile, one of Shimizu’s former PhD students helped launch a spinoff company, Existent Sorbents, to further expand the applications of CALF-20.

Existent is working with oil sands producers, a major steel factory and a U.S.-based firm capturing emissions from other point sources, said CEO Adrien Côté.

“The first users of CALF-20 are leaders who took the risk of introducing new technology to industries that are shrewd about their top and bottom lines,” Côté said.

“It has been a long journey, but we are at the point where CALF-20 has proven to be resilient and able to survive in harsh real-world conditions, and we are excited to bring this made-in-Canada innovation to the world.”

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Business

Bill Gates walks away from the climate cult

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MXM logo MxM News

Billionaire Bill Gates — long one of the loudest voices warning of climate catastrophe — now says the world has bigger problems to worry about. In a 17-page memo released Tuesday, the Microsoft co-founder called for a “strategic pivot” away from the obsessive focus on reducing global temperatures, urging leaders instead to prioritize fighting poverty and eradicating disease in the developing world. “Climate change is a serious problem, but it’s not the end of humanity,” Gates wrote.

Gates, 70, argued that global leaders have lost perspective by treating climate change as an existential crisis while millions continue to suffer from preventable diseases like malaria. “If I had to choose between eradicating malaria and preventing a tenth of a degree of warming, I’d let the temperature go up 0.1 degree,” he told reporters ahead of next month’s U.N. climate conference in Brazil. “People don’t understand the suffering that exists today.”

For decades, Gates has positioned himself as a leading advocate for global climate initiatives, investing billions in green energy projects and warning of the dangers of rising emissions. Yet his latest comments mark a striking reversal — and a rare admission that the world’s climate panic may have gone too far. “If you think climate is not important, you won’t agree with the memo,” Gates told journalists. “If you think climate is the only cause and apocalyptic, you won’t agree with the memo. It’s a pragmatic view from someone trying to maximize the money and innovation that helps poor countries.”

The billionaire’s change in tone is sure to raise eyebrows ahead of the U.N. conference, where climate activists plan to push for new emissions targets and wealth transfers from developed nations. Critics have long accused Gates and other elites of hypocrisy for lecturing the public about fossil fuels while traveling the globe on private jets. Now, Gates himself appears to be distancing from the doomsday rhetoric he once helped spread, effectively admitting that humanity faces more immediate moral imperatives than the weather.

(AP Photo/Alex Brandon)

Stunning Climate Change pivot from Bill Gates. Poverty and disease should be top concern.

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