Blog Archive

Friday, June 26, 2026

Global Superbasins: Geoscience Resources and Future Opportunities: AAPG Academy Webinar Summary & Review, June 25, 2026


     AAPG provided a nice summary of the webinar:

This AAPG Academy webinar marked the 10-year anniversary of the superbasins concept, featuring presentations by Bob Frickland of S&P Global and Charles Sternberg, both pioneers in petroleum geology. Bob outlined the geological criteria for designating superbasins, which require 5 billion barrels equivalent of discovered volumes plus an additional 5 billion barrels of potential, along with specific geological characteristics including multiple petroleum systems, marine settings, and significant thickness of Mesozoic strata. Charles discussed the AAPG Superbasin Initiative he led as president in 2018, which produced four special issues of the AAPG Bulletin covering 20 global basins and organized 20+ themed events with over 5,000 attendees. The presentations covered how exploration has shifted from frontier basins to mature and emerging basins over the past decade, with notable discoveries in Guyana-Suriname and potential new superbasins emerging in the Black Sea. The webinar concluded with a discussion of how large language models and AI are accelerating basin analysis, and questions from attendees about EOR in unconventionals, the role of smaller players in international exploration, and the potential for superbasin discoveries in India.”

     The discussion was great, and the slides contain some vital information about superbasins. As noted, it has been about ten years since superbasins were basically defined and began to be a focus for petroleum explorationists. Below are Bob Frykland’s slides on the geological characteristics of superbasins.








     Bob went on to describe what has been discovered in new and existing superbasins over the past 5 years and 10 years. He stated that a superbasin requires recoverable hydrocarbon reserves of 100 million barrels of oil equivalent per kilometer. He notes that in the past ten years, only one superbasin has been discovered, the Guyana-Suriname Basin, which is offshore these two countries. There are, however, several possible emerging superbasins. One in particular is the Black Sea Basin, which is heavily weighted towards natural gas.











     He also notes that some mature superbasins may still have significant hydrocarbons remaining.  Large language models are speeding up our ability to explore superbasins. He also makes mention of the large accumulations of unconventional resources, such as those of the Permian Basin in West Texas, the Appalachian Marcellus gas basin, and the Neuquén Basin in Argentina, which hosts the Vaca Muerta shale. He notes some emerging unconventional shale basins in Saudi Arabia and the UAE.







     Charles Sternbach first provided the Exploration Pyramid, showing the path from concept to drill-ready locations. He notes that in the USGS’s Petroleum Provinces of the 21st Century from 2008, there was no mention of the Permian Basin or the Appalachian Basin. He notes that 4 issues of the AAPG Bulletin from 2020 to 2022 covered 20 superbasins.






     Below, he introduces his Superbasin thinking toolkit. He notes that technology includes better seismic, better geochemistry, and a better understanding of basin architecture. 




     He mentions that geochemistry can provide hints of petroleum systems yet unexplored or underexplored. He notes that source rocks and reservoirs are a continuum, and the importance of carrier beds for hydrocarbon migration. Below, he shows a slide depicting possible underexplored basins where additional source rocks and subsequent petroleum systems may be found. 






     He also mentions that later tilts of migrated plays can concentrate hydrocarbons into traps, as happened in the Permian Basin. He notes that, especially in deepwater fields, the power density is very important. He emphasizes clinoform motifs and their historical importance in West Siberia and Alaska’s Cretaceous petroleum system. He points out that structural traps are typically tapped first, with stratigraphic and combination traps usually coming later. He says we should look specifically for stratigraphic and combination traps, as is happening in global shale exploration. Analog plays are important, he notes.  He also considers that there are possibilities of deeper source rocks and additional petroleum systems in existing basins.

     AAPG editor Rasoul Sorkhabi provided context on ‘What’s Next for Global Superbasins, ’ noting the classifications of giant fields, supergiant fields, and superbasins. The map below shows the distribution of the 62 superbasins, so far identified.










     Superbasins are the habitats of giant fields, he says. 60% are onshore – more since that’s where exploration began. He notes that there are currently 62 superbasins globally and that 45 of them produce 90% of the world’s oil & gas.

     Below, he shows conjugate margins of both sides of the Atlantic Basin and the possibility of new superbasins emerging.




     Below, he shows an example of machine learning applied to superbasins. He also mentions co-production strategies of other basin products, such as brine that can be mined for critical minerals. He notes that emerging superbasins are mainly in deepwater provinces.




     The Q&A explored overpressure retention in the Permian,  provided by the Tertiary overburden. There was discussion of the dozen or so sparsely explored basins in India, indicating that a superbasin could emerge on the east or west side. There was a question about EOR and refracs in the Eagle Ford and Bakken being a possible part of the next production peak. Another touched on the role of independents as risk takers. It was noted that 50% of independents are now gone in the U.S., but that private equity-backed companies are returning.

 

Climate Disclosure Platform CDP Sells Majority Stake to Private Equity as Fewer Companies Disclose and Mandatory Disclosure Requirements Lead to Less Company Interest in the Platform


    Nonprofit disclosure platform CDP will move to the private sector, and private equity firm Permira will assume majority ownership. In addition to the sale, a new nonprofit will be created, CDP Foundation, that will continue to develop new disclosure methods. Fewer companies are disclosing now, and the company has had to lay off employees. Private equity companies are known for maximizing short-term profit, while sustainability-based groups do not usually prioritize profit.




     Jim Giles at Trellis explains:

It has not been an easy few years for CDP. Technical glitches impacted the disclosure cycles for data from 2023 and, to a lesser extent, 2024. Renewal rates suffered and an expected increase in commercial revenue was delayed, CDP said in its 2025 report. The proliferation of mandatory disclosure requirements has also prompted some companies to reconsider the need to report to CDP, contributing to a fall in disclosures in 2025 — the first in the organization’s history.”

     CDP CEO Sherry Madera explains how CDP is trying to improve the disclosure process and make it more efficient. There have been complaints in the past about access fees, but she did not address those.

CDP already follows a “write once, use many” approach designed to ensure that a single submission to the platform can be used by multiple stakeholders, including supply chain partners and investors. One immediate focus, said Madera, is improving the “write” part of the process so companies can upload documents they have already produced, such as annual sustainability reports and regulatory filings, then let the system automatically extract the relevant data.”

 

Climate Disclosure Platforms and What They Do

     I searched ‘climate disclosure platform’ on Microsoft CoPilot and got the following results:

Climate disclosure platforms help organizations, governments, and cities measure, report, and manage climate-related data to drive sustainability, regulatory compliance, and actionable environmental insights.”




     CDP, which stands for Carbon Disclosure Platform, is now a global company, formerly a global nonprofit.

Climate disclosure platforms are essential tools for organizations and governments to measure, report, and act on climate-related data. Whether through nonprofit systems like CDP and TCR, open data utilities, or AI-driven commercial platforms, these solutions enable transparency, regulatory compliance, and actionable insights to support sustainability and climate resilience efforts globally.

  

 

 

References:

 

CDP sells majority stake to private equity firm. Jim Giles. Trellis. June 17, 2026. CDP sells majority stake to private equity firm | Trellis

Australia is Offering Three Hours of Free Electricity Per Day to Consumers from Solar That Would Otherwise Be Curtailed


     Beginning in July 2026, Australia is offering free electricity to power consumers in three regions, New South Wales, South-East Queensland, and South Australia, for about three hours per day, mainly from 11AM to 2PM, when solar generation is high and at risk of being curtailed. There are plans to expand the offer throughout Australia in 2027. The goal is for consumers to shift their high power use to those hours, saving money in the process. The program is known as the Solar Sharer Offer (SSO). As the graphs below show, solar generation spot prices often go negative in the middle of the day when generation exceeds demand. The power not being used is simply lost. With the SSO, some of that power can be consumed instead of simply being lost. It can also decrease demand at other times during the day after being shifted to the free hours window. The graph below shows how solar overgeneration has increased as a result of Australia's rooftop solar boom.




     EV owners and those with electric resistive hot water systems can simply use timers to shift powering them to the free energy window. Solar Sharer is a part of the government’s broader Default Market Offer reforms process, which seeks to shield consumers from electricity price spikes during high-demand hours. The SSO is designed to decrease those spikes by shifting demand towards the free hours. Those with home battery energy storage systems can especially benefit from SSO by charging for free. That makes SSO a significant incentive for installing a home battery.

     The free electricity is available to those with or without rooftop solar panels. There is a limit known as reasonable use that caps how much energy can be used in the free window. The program was designed with the help of public feedback, but electricity retailers were not happy about not being consulted initially, although they can add feedback now. Of concern are tariff design, impacts on consumers, how the SSO will work with other reforms, consumer risks, and opportunities and risks associated with implementation.

     The Environmental Defense Fund (EDF) is advocating for a similar program in the U.S. Regions with high solar penetration, such as California, which may be ripe for it. They estimate that consumers could save hundreds of dollars per year. Ted Kelly of EDF notes:

Australia found a way through smart policy and streamlined permitting, interconnection rules, and inspections to bring a spectacular amount of solar power online and start offering free electricity to many residential customers who don’t have panels on their homes,” says Kelly. “With the right policies at the local, state and federal level, there’s no reason we can’t do that here.”

      

 

References:

 

Free electricity? Australia’s got it, thanks to solar. Could the US be next? Liz Galst. Environmental Defense Fund. June 11, 2026. Free electricity? Australia’s got it, thanks to solar. Could the US be next?

Solar Sharer Offer to cut electricity bills. Government of Australia. 23 January 2026. Solar Sharer Offer to cut electricity bills | energy.gov.au

Free Electricity For All? Not Quite: Solar Sharer Explained. Michael Bloch. Solarquotes.com. November 5, 2025. Free Electricity For All? Not Quite: Solar Sharer Explained

 

Wednesday, June 24, 2026

Net Worth of Elon Musk vs. Median Global Net Worth and U.S. Net Worth: An Exercise in the Absurdity of it All


    I was curious, so I made some comparisons. The median global net worth is just $8654. The median net worth in the U.S. is much higher at about $124,000. Comparing that Elon Musk’s estimated net worth of $1 trillion yields a graph where his wealth is so high that the graph has difficulty showing the medians of global and U.S. net worth. Comparing Elon’s net worth to the global mean shows that he has 115,553,501 times the wealth of the global median. Is his work worth that of 115.5 million other people? We know it’s not. His two big companies do not even show a profit and are obviously overvalued. Perhaps we should be relieved that his net worth is only 8,064,516 times that of the median U.S. net worth. Incidentally, the median U.S. net worth is 14 times the global median net worth. Just to highlight the absurdity of it all, the second graph below shows one-tenth of Elon’s net worth compared to the other medians, which makes the U.S. median net worth first show up on the graph. Buddy, can you spare a dime? I mean, you are worth 10 trillion dimes, many more than exist in the world. 




 


JCB’s Hydrogen ICE Engine, Approved for Sale Across Europe in Late 2025, Has Benefits Over Diesel and Battery-Electric: It Could Enable Decarbonized Construction and Agriculture: Is It Commercially Viable as They Say?


   

      JCB, a UK-based company that manufactures construction equipment, gained approval for its hydrogen combustion engine for sale and use across Europe in late 2025. According to Engineerine:

JCB’s hydrogen combustion engine has received certification from 11 European licensing authorities, including those in major economies like Germany, France, and the UK. This approval means the technology meets stringent safety and performance standards, allowing it to be commercially deployed across the continent. The significance of this certification cannot be understated, as it opens doors for widespread adoption in construction and agricultural applications.







     JCB was known for its diesel ICE engines and now offers comparable hydrogen ICE engines. The company hired 150 engineers, invested over £100 million, and spent three years innovating.

The investment wasn’t limited to engine design—JCB also developed new high-pressure storage tanks, fuel delivery systems, and safety protocols to make hydrogen-powered machinery both practical and durable for global use. The company even partnered with hydrogen suppliers to establish prototype fueling stations, proving the technology can integrate seamlessly into real-world logistics chains.”

     For construction vehicles, hydrogen ICE engines have advantages over hydrogen fuel cells since they can utilize existing infrastructure.

Fuel-cell systems, while efficient, often require ultra-pure hydrogen and complex cooling systems. In contrast, JCB’s combustion-based design can operate under rugged site conditions, tolerate impurities better, and produce consistent torque—qualities critical for excavators, loaders, and tractors.”

     Testing is ongoing for these hydrogen ICE engines in backhoe loaders, telescopic handlers, and generator sets. By November 2025, over 130 prototype JCB engines were being tested.

According to JCB engineers, these test machines have successfully logged thousands of operating hours, demonstrating cold-start reliability, power parity with diesel, and stable combustion even under high load conditions. The results suggest hydrogen combustion could become a long-term, scalable alternative—not just a temporary experiment.”






     JCB is also working on hybrid systems that pair hydrogen combustion with small electric drives, combining instant refueling with regenerative braking efficiency.

     JCB’s hydrogen ICE engines are now installed in backhoes, in a 7.5-tonne Mercedes truck, and in delivery vans. Below are some of the company’s generator sets.




     JCB plans an attempt to break the land speed record in August with a hydrogen ICE. Former Royal Air Force (RAF) fighter pilot, Andy Green, who holds the current land speed world record of 763.035 mph (1,227.985 kph), is chasing a somewhat slower hydrogen first in what he calls the "coolest zero-carbon racecar ever created."

When fully unleashed in August in Bonneville, Utah, the 32-foot (9.7-metre) long JCB Hydromax will try to beat the diesel record of 350.092 mph set 20 years ago on the same salt flats by the British engineering giant's JCB Dieselmax predecessor, also driven by Green.”

     The runway at Bonneville extends between nine and 10 miles, a distance that has shrunk from 11 miles in 2006 due to salt mining and environmental conditions.

     JCB plans to open a new $500 million factory in San Antonio, Texas, that will employ 1,500 people to make these machines for the U.S. market.

     Some of the advantages of hydrogen ICE over fuel cells, battery-electric, and diesel ICE are given below.




     Is it commercially viable? Well, that depends on what one wants to accomplish, I am guessing. I did not find any information on the hydrogen IC engine cost vs. a comparable diesel IC engine, only that they are cheaper than fuel cells. These engines are a specialty novelty engine, and their production has yet to scale up, so current prices are likely quite high. In terms of fuel costs, hydrogen loses since on a per-mile basis, hydrogen costs 2-4 times what diesel costs. If one wants fully decarbonized green hydrogen, the costs are closer to 4 times diesel. Thus, I would argue that hydrogen is not really commercially viable compared to diesel and will likely remain a niche technology adopted for its low-carbon benefits.





 

References:

 

JCB’s Hydrogen Engine: Pioneering the Future of Sustainable Construction. Max Carter. Engineerine. Last Updated on November 6, 2025. JCB’s Hydrogen Engine: Pioneering the Future of Sustainable Construction – Engineerine

Hydrogen. Welcome to the New Normal. JCB. (website). Hydrogen power is here | JCB

JCB chase hydrogen land speed record with digger engines and world's fastest man. Alan Baldwin. Reuters. June 19, 2026. JCB chase hydrogen land speed record with digger engines and world's fastest man

Will Hydrogen Engines Replace Diesel? An Analysis of JCB, Deutz & Cummins Technologies. By Daniel. Serwis Kop. October 10, 2025. Will Hydrogen Engines Replace Diesel? An Analysis of JCB, Deutz & Cummins Tech

 

Tuesday, June 23, 2026

State Subsidization and its Effects on Global Capitalism: OECD Report Shows That Post-COVID Subsidization Increases Have Remained, China is the King of Subsidization, and Solar and Semiconductors are the Most Subsidized Industries


      State subsidization is common around the world in capitalist countries as well as those considered to be more socialist, like China. It is one reason why our economy is really a mixed economy and not a fully free market capitalist one. Some subsidization is considered necessary to keep countries productive and profitable, as well as competitive with heavily subsidized countries like China. It is not necessarily a bad thing or a good thing, but it can and does distort markets. We subsidize renewable energy to decrease overall carbon emissions and pollution. Nationalized companies are common. That is a form of what is called state capitalism.

     State subsidization increased in many countries during the COVID pandemic and subsequent geopolitical events that have affected supply chains. In the U.S., we have increased subsidization for critical minerals and semiconductors. We want to reduce our dependence on foreign suppliers, especially China, which controls critical minerals mining, processing, and manufacturing. Subsidization also acts to protect domestic manufacturers from foreign competition.

     Alex Kimani, in an article for OilPrice.com, notes some info from a new OECD report on subsidization:

A landmark report by the Organisation for Economic Co-operation and Development (OECD) has revealed that global state subsidies have surged to a total of $108 billion, good for an average of 1.3% of company revenues across 15 key industrial sectors and the highest level since the 2008-2009 financial crisis.”

     He notes that China is the king of state subsidization and thus also of market distortion:

According to the OECD, Chinese firms in strategic sectors received between three and eight times more state support than competitors in OECD countries over the past 20 years, giving Chinese firms a huge leg up in highly competitive markets. Indeed, OECD estimates that this massive government aid--spanning direct grants and below-market loans-- drove roughly 60% of Chinese companies' global market share gains over the past two decades. Chinese companies receive subsidies equivalent to roughly 2.5% of their revenue, compared to just 0.3% seen by firms in peer nations like Japan and South Korea.”

     Subsidies come in the form of government grants, income tax concessions, and below-market borrowings.




     China is especially subsidizing semiconductor chip manufacturing at a high rate, which has enabled it to increase exports by 83.7%. They also heavily subsidize solar panel manufacture.

State-backed Chinese subsidies averaged nearly 3.2% of annual firm revenues, enabling manufacturers to heavily outinvest competitors and secure over 80% control of the entire photovoltaic supply chain.”

     The OECD report notes that this is a key reason the price of solar panels has dropped by 90% over the past decade and a half, as the panels are sold near the breakeven point. Kimani writes:

But while it may give states more power to wield, the OECD warns that these ongoing, large-scale subsidies are fueling global industrial overcapacity, artificially depressing international prices and undercutting firms that are actually better and more innovative.”

     He notes that China is phasing out some of its solar panel manufacturing subsidies due to declining profitability as a result of oversupply. He calls China’s solar super-subsidization ‘clean energy hegemony.’ He writes that Western nations are responding to this hegemony by enacting tariffs, not just the U.S., but the EU as well. As he notes below, market distortion is being met not only with tariffs but also by increasing our own subsidies to better compete.

The uncomfortable reality is that Western economies assumed for decades that private capital, comparative advantage, and open markets would determine the industrial winner. However, China has spent that time building national champions with patient state capital, cheap financing, protected domestic markets, and long-term strategic planning. Tariffs can slow the flow of Chinese products across borders, but little else. The West’s biggest economies now face the choice of whether to try to compete with China on similar terms or whether there is still faith in a private market free-for-all to operate in the national interest.”

     The OECD report says the key to understanding the effects of subsidization on markets is to acquire accurate data, which they can use to derive numbers such as those below. Subsidization has enabled China to gain the most in market share, which does not equate to higher productivity or profitability.

Around 22% of global market share gains by firms that expanded over the past two decades can be linked to the subsidies they received, rising to 60% for Chinese firms. However, while subsidies increased firms’ market shares, they did not lead to significant gains in productivity or profitability.”

Large and persistent industrial subsidies can distort global markets, creating unfair competitive advantages and contributing to excess supply capacity,” OECD Secretary-General Mathias Cormann said. “To monitor and analyse how subsidies are shaping global markets, reliable data on industrial subsidies is key. The OECD MAGIC database helps countries build a shared understanding of the challenges, paving the way for co-ordinated efforts to make the global trading system fairer and function better without compromising the benefits of open markets and rules-based trade.”

     The report examines subsidization for each sector in detail. It shows how it mathematically derives the levels and effects of subsidization. From the graphs below, one can see that China is indeed the king of subsidization, and solar and semiconductors are the most subsidized industries.






     The figure below shows the global revenue shares of each sector by country (China, OECD-Asia Pacific, OECD-Europe, OECD-North America), indicating where subsidization has led to concentration of industry market shares.




 

References:

 

Industrial subsidies reach highest levels since the global financial crisis, says OECD. Press release. 1 June 2026. Industrial subsidies reach highest levels since the global financial crisis, says OECD

China's subsidy machine is reshaping global capitalism. Alex Kimani. Oil Price US. June 8, 2026. China's subsidy machine is reshaping global capitalism

OECD MAGIC Database of Industrial Subsidies. June 2026. OECD MAGIC Database of Industrial Subsidies (EN)

 

Monday, June 22, 2026

David Jenkins of Conservatives for Responsible Stewardship is Correct That We Need an All-of-the-Above Energy Strategy and that Energy Cancel Culture is Not Warranted Nor Useful


     David Jenkins, a lifelong conservative who is the president of the group Conservatives for Responsible Stewardship, recently wrote an Op-Ed in the Tampa Bay Times that calls for an all-of-the-above strategy for energy, one that in 2008 was endorsed by most conservatives as well as Obama. Jenkins advocates for free market investment in the smartest and most cost-effective energy technologies. He expresses disappointment in a recent call by Florida Republican gubernatorial candidate Paul Renner to essentially apply cancel culture to renewable energy, saying that his information is basically outdated. Instead, Jenkins notes that Florida has very good solar energy resources but gets only 11% of its electricity from solar and wind (virtually all from solar), compared to Texas, which gets about 30%, and other red states like Oklahoma (42%), Iowa (61%), North Dakota (59%), and New Mexico (59%). He says the market is deciding how much energy is coming from renewables in these states.

     He thinks natural gas prices are likely to rise due to higher demand from LNG exports and data centers. He also rejects Renner’s claim that solar should be abandoned because too many components come from China. Jenkins is also adamant about Florida getting more power from solar:

The fact that the Sunshine State gets a mere 11% of its electricity from solar energy, which is produced in-state and not subject to global supply disruptions, represents a colossal failure.”

     He also suggests that many conservatives oppose solar and wind power simply because many liberals support it.

Solar energy is Florida's cheapest, most abundant and most secure source of energy. And in this age of ever-rising electric bills, power-hungry data centers and global unrest, Floridians need leaders who will ditch the foolishness and get serious about lowering energy costs.”

   

 


References:

 

Energy cancel culture emerges in race for Florida governor | Column. David Jenkins, Conservatives for Responsible Stewardship. Updated Thu, May 21, 2026. Tampa Bay Times. Energy cancel culture emerges in race for Florida governor | Column

Democratic Socialists Threaten Private Property Rights, Which Are ‘Essential for Personal Liberty, Economic Dynamism, Market Efficiency, and Social Order’



Democratic Socialism and Its Inapplicability

     The continued primary wins of Democratic Socialists as well as far-right candidates reflect a flaw in our primary system. Many people don’t vote in primaries, and those who do are often motivated by a specific candidate, often one on the fringe. Our primary system favors fringe candidates, and so we often get candidates that reflect a distorted reality. Far-left or far-right candidates are often supported by small minorities. On the left, I would estimate that somewhere between 10 and 15%, and likely closer to 10%, and hopefully less, of Democrats actually favor Democratic Socialists. Of course, this varies by state and region. Since our primary system favors fringe candidates, it also disfavors centrist or moderate candidates, the most likely ones to forge the compromises necessary for good government.

     The idea of socialism, of course, derives from Marxism and is associated with failed states, oppressive states, poor human rights records, massive corruption, and brutal regimes like the Soviet Union. Thus, it is difficult for many of us to see how so many can put those facts aside to endorse socialism as some kind of doctrine that fosters fairness, equality, and functionality. They often conflate social welfare with socialism. They often cite Scandinavian social democracies, which are really quite capitalist, but also benefit from sovereign wealth funds. In Norway’s case, its sovereign wealth fund was built by its oil and gas wealth. It is a petro-state that favors a good degree of social welfare.

     Government-owned and government-run institutions are a feature of socialist and capitalist countries, including the U.S. Ideas like socialized medicine, or rather, universal health care, are often touted as socialist but are really just areas where government involvement can assure wider availability and affordability for the poor. Democratic socialists favor universal health care in some form, as do I, many other Democrats, and some Republicans. It really has nothing to do with socialism. These notions are often put forth to make socialism seem benign and acceptable.

     Others, especially those from former Soviet Republics in Eastern Europe and Western Asia, are much more critical of socialism since they know what it’s like living under Soviet tyranny. Consider the following quotes of someone who lived under socialism in the Soviet Republic of Georgia and his father’s grueling oppression under it.

But socialism, in practice, does not work without force and brutality, even if you give it nice adjectives like “democratic.” Socialism is not really a policy or an economic system. It is not Scandinavia. It is a machine whose only function is to destroy anyone sufficiently capable, principled or stubborn enough to threaten those who operate it. It does this legally, bureaucratically and, when necessary, with bullets.”

And even when socialism finally and thankfully disappears, it has a distinctive habit of leaving behind impoverished, authoritarian basket-case countries with decades of problems to sort out.”

In 1988, the same year my father was secretly listening to Radio Free Europe (Soviet law classified this as a crime), Bernie Sanders sat bare-chested in a Soviet banya, wrapped only in a towel, singing with his Soviet hosts over vodka toasts. He later called it “a very strange honeymoon.” His hosts knew exactly what to show him and what to hide from him.”

My father knew what was being hidden. He had lived inside it.”

     In a Fox News segment, Julian Epstein notes that:

Socialism is basically the idea that if you’re not happy with things, it’s the system’s fault and the government will bail you out.”

     Certainly, capitalism is the ‘scapegoat’ used over and over by socialists. With them, blaming everything on capitalism is commonplace. Epstein decried what he says is the Democratic Party’s movement toward extreme candidates. While some may disagree, there is evidence. A current Democratic Socialist Congressional candidate and Muslim-convert, endorsed by New York City Mayor Zohran Mamdani, Darializa Avila Chevalier, has been associated with:

“…thousands of posts and reposts expressing support for abolishing police, prisons and borders, as well as seizing private property and nationalizing major industries and calling into question Israel’s right to exist.”

     Although she backtracked and deleted her old Twitter account, saying that those views don’t reflect her views today, she is widely known to have such views, including the common socialist slogan to “seize the means of production.”

     We have had Bernie Sanders for many years, and AOC and a few others, fringe politicians with influence in certain places, but Mamdani as mayor of New York is perhaps the first occasion in America of a Democratic Socialist with significant executive power. Mamdani promised in his inaugural address to introduce New Yorkers to “the warmth of collectivism.” Mamdani recently announced a plan to transfer properties to tenants and non-profit groups, citing bad landlords. According to Jonathan Turley, in an opinion piece for The Hill:

Mamdani faced criticism for his appointment of Cea Weaver as the new director of the Office to Protect Tenants. She previously called for efforts to “impoverish the white middle-class” and called homeownership “racist” while demanding the seizure of private property.”

Videos of Weaver echoed thread-worn socialist mantras that are the signature of the Mamdani Administration. “I think the reality is, that for centuries we’ve really treated property as an individualized good and not a collective good,” she said. “And transitioning to treating it as a collective good and towards a model of shared equity will require that we think about it differently and it will mean that families — especially white families, but some POC families who are homeowners as well — are going to have a different relationship to property than the one that we currently have.”

Weaver famously tweeted out her beliefs about private property, which are apparently widely shared in the Mamdani administration: “Private property, including and kind of ESPECIALLY homeownership is a weapon of White supremacy masquerading as ‘wealth building’ public policy.”

     Mamdani’s effort to develop city-run grocery stores is also being revealed as a likely boondoggle:

His grocery stores show the same economic sleight of hand. The city is planning to spend $30 million to create the first store — four times what such stores normally cost. On top of that cost, it was discovered that the city had already appropriated $25 million for the improvement of the site. That is $55 million for a site that will not go on the market for the highest bidders, but rather be operated by the city at a loss.”

     It has also been pointed out that the current grocery stores in these areas may have trouble competing with the heavily subsidized city-owned stores. It will certainly distort the market.

     A recent article in the New York Post highlights the DSA’s development of its “community defense” initiative, called the Red Rabbits Security Commission, which seeks to have an expanded role in street protests and direct-action organizing. Now, I think it’s fine if someone wants to protest against the overarching actions of ICE, for instance, but if we have organized political factions with much broader goals against our current political system setting the terms of protests, that is a recipe for disaster. The group was previously called the National Vigilance Committee but changed due to the negative connotations of vigilantism. Previous members have praised political revolutionary violence. Current interests include:

“…martial-arts sparring, evacuation planning, wound-packing, radio communications, the use of umbrellas and signs to shield participants from and block “fascists,” and even chemical-exposure training, in which participants practiced being pepper-sprayed.”

     Some local DSA groups work with:

“…the Party for Socialism and Liberation — a would-be revolutionary political party with close ties to the Communist Party of China. Portland DSA cited its work with the National Lawyers Guild — a left-wing legal group with historic ties to the Soviet Union — to provide know-your-rights trainings.”

     Yuck!

     The article goes on to suggest that such activities could endanger the DSA’s designation as a 501(c)(4) social welfare organization.

Some Red Rabbits activities, like know-your-rights education and de-escalation training, probably meet that threshold. But it’s hard to argue that a street-level security force geared toward disruption, confrontation, and resistance to law enforcement exists primarily to “further the common good.”

Tactics such as blocking traffic with bicycles, training activists to escape physical holds, forming umbrella phalanxes to confront “fascists” and conducting “takedowns on intersections” bear little resemblance to traditional social-welfare activities.”

Instead, they suggest preparation for a broader “national uprising” — one of the organization’s stated directives.”

 

The Importance of Private Property

     Private property is simply ownership by a non-governmental entity, whether a person, a group of people, or a corporation. Of course, governments also have a stake in private property through taxation, or property taxes. According to Wikipedia, there are four types of property taxes:

The four broad types of property taxes are land, improvements to land (immovable human-made objects, such as buildings), personal property (movable human-made objects), and intangible property.”

     Wikipedia also explains how socialists generally regard private property:

Socialist economists are critical of private property in the means of production, as socialism aims to replace it with social ownership or public property. Socialists generally argue that private property relations limit the development of productive forces once production becomes increasingly collective, and some socialist theories maintain that economic functions traditionally performed by capitalists could be carried out through collective or social ownership. Socialists generally favor social ownership either to eliminate class distinctions between owners and workers or as a component of the development of a post-capitalist economic system.”

     We know that economic freedom, which is girded by private property rights, leads to prosperity. Countries with adequate economic freedom have higher economic productivity and exhibit more efficient use of resources. Private property rights also support social cohesion, especially since there is no fear of the government seizing property.

     Below, it is explained how private property rights provide the basis for economic development.




     When Hugo Chavez was elected in Venezuela in 1998, his Bolivarian socialist government seized wealthy estates, redistributed wealth, and seized and nationalized companies, including the oil companies that had previously made it the wealthiest country in South America. It went from there to the country with the second least economic freedom by 2018, second only to the North Korean brutal dictatorship. It essentially became a failed state with hyperinflation, mass corruption, and starving people, which led to mass migration out of the country.

     Another New York Post article explores Bernie Sanders’ call to nationalize half of the AI industry. Bernie had previously called for a national ban on AI data centers. A few Progressive states, like New York, have enacted state bans. The Post’s response to Bernie’s proposal notes:

It has zero chance of passing even a Democratic Congress; it’s blatantly unconstitutional; it’s economic suicide — and it’s fundamentally tyrannical.”

     While Trump has taken a small but significant government stake in a few companies, raising eyebrows, it falls short of the seizure of private property. The Post decries collectivism and continues:

That collectivism brings oppression and ruin everywhere it’s tried — but then Sanders has been a fan of every nation that’s impoverished itself this way, from the Soviet Union to Castro’s Cuba to Chavez’s Venezuela.”

     Bernie was originally impressed by the collectivist kibbutz system he participated in in Israel and its purported communist origins. He honeymooned in Moscow, and after Chavez was elected in Venezuela, when it still had oil wealth before the Chavismo government ruined it, he hailed it as the great success of South America. Under socialism, it became the exact opposite. The Post expressed dismay that there is not more backlash against Bernie’s ideas, which they call “monstrous.” I agree that we need to denounce such ideas strongly. I agree that it is a very bad look for the Democratic Party to support such nonsense.

     In a twist for this post, there is a situation in New York City where seizing a specific private property is warranted.

A bipartisan majority of NYC Council members is demanding Mayor Zohran Mamdani seize privately owned property in order to save a piece of Manhattan history tied to the Underground Railroad

       They called on Mamdani to use the city’s eminent domain powers to preserve the property and “to block a proposal to build a 100-foot-high commercial building next door to the Merchant’s House Museum in NoHo, where a secret passageway used to smuggle slaves to freedom was discovered in February.”

 

 

 

References:

 

Opinion: Mamdani introduces New York to socialism, 'block by block'. Opinion by Jonathan Turley, opinion contributor. The Hill. May 30, 2026. Opinion: Mamdani introduces New York to socialism, 'block by block'

Private property. Wikipedia. Private property - Wikipedia

Importance of Private Property Rights. Bruce Colbert, AICP. Property Owners Association of Riverside County. July 16, 2018. Importance of Private Property Rights

At $55M, Mamdani’s city-owned grocery store is a growing boondoggle. Opinion by Post Editorial Board. New York Post. May 30, 2026. At $55M, Mamdani’s city-owned grocery store is a growing boondoggle

Socialist 'Red Rabbits' are training for national uprising against cops. Opinion by Stu Smith. New York Post. June 9, 2026. Socialist 'Red Rabbits' are training for national uprising against cops

Mamdani-backed congressional candidate deleted posts calling to seize private property, abolish police, borders, prisons. Andrew Kaczynski and Em Steck. CNN. June 1, 2026. Mamdani-backed congressional candidate deleted posts calling to seize private property, abolish police, borders, prisons | CNN Politics

Julian Epstein: Democratic Party is losing moral authority by aligning with extremists. Fox News. June 12, 2026. Julian Epstein: Democratic Party is losing moral authority by aligning with extremists | Watch

NYC Council: Mamdani must seize private property to save Manhattan Underground Railroad site. Rich Calder. New York Post. June 13, 2026. NYC Council: Mamdani must seize private property to save Manhattan Underground Railroad site

Opinion: My family lived through socialism. Most Democrats are frighteningly wrong about it. Opinion by Emzari Gelashvili. The Hill. June 17, 2026. Opinion: My family lived through socialism. Most Democrats are frighteningly wrong about it.

Bernie Sanders’ call to seize the AI industry has damning lessons about politics today. Opinion by Post Editorial Board. New York Post. June 21, 2026. Bernie Sanders’ call to seize the AI industry has damning lessons about politics today

 

 

      AAPG provided a nice summary of the webinar: “ This AAPG Academy webinar marked the 10-year anniversary of the superbasins concept...