Malaysia Announces Hydrocarbon Bonanza

Yesterday it was Mexico, today it is Malaysia announcing a ginormous hydrocarbon find.

Malaysia is one step closer to strengthening its position as an Asia's liquefied natural gas powerhouse with the discovery of two major gas reserves offshore Sarawak.

State-backed Petronas said in a statement emailed to Rigzone Monday that it has made two major gas discoveries, which combined could contain over 4 trillion cubic feet (Tcf) of natural gas reserves, at the Kuang North and Tukau Timar fields.

Now might be a good time to remind people that I predicted the end of Global Warming Climate Change as a policy movement.  There have always been two paths under which the crusade was always destined to die: 1) the science behind the crusade would be revealed as fraudulent, and/or 2) the policy prescriptions offered up by the crusaders would be so destructive and distasteful to most nation-states that the entire agenda would be rejected out of hand.  I have always thought that number two would be the actual downfall of the movement (although as John Hinderaker points out today, the scientific crash might not be far behind).  Climate change policy is nearly diametrically opposed to most nations' core interests (outside of those nations whose sole interest is extracting payments from richer nations). Malaysia's announcement today (and Mexico's) adds to the ever-mounting evidence that this is so.