Energy Realism this past week examined just how economically non-sensical forcing provably less reliable and higher cost energy into the complex really is. From wind to solar to electric cars, much of the push for “green” entails greenback destruction. Lance Christensen got us started discussing the “greenest” and, thus not surprisingly, most expensive energy state. A shrinking California seemed impossible a generation ago. The state’s unfriendly business environment, however, has been a main factor in companies exiting the state and taking their employees with them. And with the state bureaucracy simpatico with the federal government’s desire for stricter regulations, more Californians will leave. The scary part is that many progressives and Democrats are demanding that these failed energy policies go national, including the Big Guy himself. Larry Behrens looks at Biden’s push for “green banks.” Biden is pouring tens of billions of taxpayer dollars into a financial system independent of the ones regular businesses use for a reason: he knows that his green projects are financial losers. Jonathan Lesser explains how all of these green policies simple benefit “environmental” lawyers, the sharks and the ambulance chasers. New EPA regulations will require power plants to capture almost all their CO2 emissions, compress them, transport them via a network of pipelines, and finally store them underground. The plan is economic folly, but the problems go beyond just money: CO2 injected underground may well escape into the atmosphere or contaminate underground water supplies, either of which could yield deadly results and create a feeding frenzy of litigation. The liability risks will be another nail in the coffin for the country’s reliance on fossil fuels to supply electricity, which in 2022 accounted for about 60% of all our power generation. Nobody is against “alternative” energy systems to replace fossil fuels, when they make economic sense, and do not need to be forced upon the consuming public. Robert Hargraves gives us the case of nuclear diesel. Synfuels, energized by fission, can transform U.S. competition with China. This is critical since no matter the future of EVs, the U.S. and the world will continue to depend on diesel-like fuels for trucking, mining, shipping, rail transport, and air flight, because batteries weigh fifty times more than fuel for the same amount of energy. Our Essential Reading then brings us back to Jonathan Lesser. His report from a few years ago showed why subsidies for electric cars are a very bad idea. The economic value of CO2 emissions reductions associated with electric cars is effectively zero. So, where’s the green in that? In the News Outkick ZeroHedge Politico Heather Chen, CNN Tommy Wilkes, Reuters Bernard L. Weinstein, The Messenger Reuters T.A. DeFeo, The Center Square Javier Blas, Bloomberg RCPolitics RealClearEnergy Marlowe Hood, Phys.org Mary Anastasia O'Grady, WSJ Matt Hirsch, Bold TV Robert Henneke, The Hill BNN Bloomberg, BNN Bloomberg Robert Yawger, managing director and energy futures strategist at Mizuho Americas, says numerous factors are weighing on crude, including weak Chinese demand. Fox News, Fox News O'Leary Ventures chairman Kevin O'Leary joins 'Fox & Friends' to weigh in after Mark Cuban claimed it's 'good business' for companies to go woke despite the major losses reported by ... Kite & Key Media In the year 2000, there were fewer than two dozen major power disruptions in the United States. In 2020, there were 180. How did our electricity get so much less reliable? A number ... RealClearEnergy Robert Bryce and Jude Clemente on EVs, "Hard Hat Environmentalism," and Biden's Energy Future. |