Energy Realism this past week nailed the European elephant in the room and the false promise of “green” energy replacing fossil fuels. Sam Buchan hits what has perhaps been the biggest energy story over the past six months: the bad energy policy disaster perpetually unfolding in Europe. Green utopianism has skyrocketed energy prices and placed the continent under the thumb of Vladimir Putin as he now stands flexing along Ukraine’s border. Indeed, we have an Essential Reading this week from Robert Bryce showing the facts: Europe’s energy policies are the ultimate cautionary tale. The solutions needed for Europe go far beyond what help U.S. oil and gas could offer. Maybe even worse, Europe and Democrats in the U.S. are demanding that their green obsession, which provably leads to higher cost and less reliable energy, be pushed on the still developing world that can least afford it. Vijay Jayaraj stands up for this bloc of some 160 nations that accounts for 85% of the global population. Already facing unreliable energy supply and frequent blackouts, limiting these 6.8 billion humans from the same oil, coal, and natural gas that built and still dominate in the rich West with the highest living standards is simply morally bankrupt. The whole idea of naturally intermittent wind and solar displacing oil and gas in particular will be blocked by physics and surging costs. Dan Byers looks at what has been happening in New England, where expensive energy and rising imports make it our own Europe-like example of “what not to do.” The pushback on natural gas and pipelines has meant more reliance on higher emitting coal and fuel oil, completely contradicting the six states’ climate goals. Finally, Stephanie Catarino Wissman shows how the “renewables will displace fossil fuels” narrative also fails for jobs. Painting industry jobs with a broad brush fails to consider how skills, education, compensation, location, and demand affects job transferability. In the News Tsvetana Paraskova, Oil Price Tony Owusu, The Street Seaver Wang, Slate Scarlett Evans, Power Technology Angelica Stabile, Fox Business Dominick Mastrangelo, The Hill Bill Chappell, NPR Sam Meredith, CNBC Julianne Geiger, Oil Price Ryan Faughnder, Yahoo Jennifer Sey, New York Post Nick Sobczyk, E&E News Andrew Stuttaford, National Review Joel Kotkin, Hugo Kruger, UnHerd Joseph Ataman, CNN ABC News President Joe Biden on Thursday said he believes Russian President Vladimir Putin will go through with an invasion of Ukraine invasion within days. Gulf Intelligence What is happening in energy markets? The Russia-Ukraine problem is dominating the conversation. CNBC Television Michael Stoppard, chief global gas strategist at IHS Markit, discusses the various scenarios under which European countries would have to make up for a shortfall in gas flowing throu... Yahoo Finance Raymond James Analyst Pavel Molchanov joins Yahoo Finance to discuss what any further invasion of Ukraine by Russia may do to oil markets. Vox Putin’s intent on pushing back against the Western world order... and it appears to be working. BlazeTV Glenn Beck joins in and talks about his new best-selling book The Great Reset and how much ESG scores are now factoring into society. He also details his dinner with Donald Trump and... |