Energy Realism this past week focused on the dangers of climate alarmism and the need to recognize fossil fuels for exactly what they are: affordable, reliable, and irreplaceable. Robert Hefner gives us the real threat behind the climate obsession: climate alarmists have portrayed the problem [of climate change] in such an extremist way that they have convinced a growing army of climate warriors that even terrorism is justified. Another part of the very dangerous “green dream” is to limit crude oil exports, either to somehow lower crude and gasoline prices here or to reduce emissions by limiting access to the world’s most essential source of energy. Mike Sommers realizes the great folly of the anti-export push: in reality, it would increase energy prices here by discouraging new production while treacherously handing even more of the global market to OPEC and Russia. Let us be clear, this is all part of an anti-American energy plan. President Biden has asked foreign nations to increase oil supply while at the same time promoting and implementing policies slowing American energy development. It seems almost impossible to believe. Ultimately, President Biden’s climate problem comes down to physics. The hard truth is that non-dispatchable (i.e., usually unavailable) sources of energy like wind and solar simply cannot displace dispatchable (i.e., usually available) ones like oil, coal, and gas. As such, our goal to lower emissions must be practical, or we have no chance. David T. Stevenson knows that this means focusing on cutting GHG emissions at exiting power plants, namely coal and natural gas units. Carbon capture investments are essential because carbon-based fuels are so ingrained in our energy supply system that they “cannot not be used.” In fact, the International Energy Agency has had carbon capture at the heart of its 2050 climate roadmap for a very long time. Wind and solar are just too high cost and unreliable to go it alone. Essential Reading Michael Lynch, Energy Policy Research Foundation Inc. The evolution of the world’s oil market continues apace. Perhaps the biggest change is that climate change policies in the West could hand more of the market to the Middle East and Russia. Efforts to discourage the production of oil are entirely misplaced since consumption is not driven by supply but demand. In the News Julianne Geiger, Oil Price Chron Emma Gilland, Spiked Editorial Board, The Washington Times Larry Kudlow, Fox News Tim Buckley, GreenBiz David Benoit, The Wall Street Journal NY Daily News Brendan Crowley, The Connecticut Examiner Mike Hughlett, Star Tribune S&P Global Ciara Nugent, Time ZeroHedge, Oil Price Jessica Bateman, BBC Rystad Energy, Oil Price Reactions Hydrogen fuel cell cars seem great: hydrogen and oxygen in, nothing but water out. But if that hydrogen comes from dirty, carbon-emission spewing power plants, your sustainable car m... MSNBC The Cook Political Report's Dave Wasserman, former Sen. Heidi Heitkamp (D-ND), and pollster Brian Stryker joined Stephanie Ruhle to discuss the problems Democrats face selling their ... CNBC Television CNBC's Brian Sullivan sits down with Pioneer Natural Resources Company CEO Scott Sheffield to discuss volatility in energy prices and global oil supply. Rebel Capitalist ESG is anything but the savior that we keep hearing about. In fact, it will lead to total economic destruction and social unrest. IFAC ESG/Sustainability is on the minds of individuals, policymakers and investors the world over. And high-quality information from companies is central to the discussion. This event aim... Bloomberg Markets and Finance Freeport LNG CEO Michael Smith discusses the outlook for the LNG market with Bloomberg's Alix Steel and Guy Johnson on "Bloomberg Markets." Forbes Breaking News President Biden spoke about the economy at an event on Friday. Fox News 'Gutfeld!' panel reacts to 'the science guy' promoting Biden's agenda in TikTok video. |