In one of the most historical weeks in many decades, Energy Realism this past week focused on the rapidly deteriorating situation in Ukraine and our own absolute requirement for more energy development and the critical infrastructure needed to transport oil and gas (essentials that meet 70% of U.S. energy demand). Senior Fellow Rupert Darwall gets us started: net-zero dreams in the West are fueling Vladimir Putin’s advance. His is an energy war, and climate-obsessed Western leaders have foolishly been insisting that the biggest threat to the world is climate change. Now comes Putin armed with nuclear weapons, tanks, and thousands of troops declaring his intent to overthrow Europe’s post-Cold War order. Green Europe only has itself to blame, blocking fossil fuel development and infrastructure and even shutting down nuclear power plants. Jeremy Harrell points to more nuclear as an essential path forward. Nuclear is our cleanest and most reliable source of energy, and shutting them down has quickly proven a catastrophic mistake. And as John Rowe explains, nuclear enjoys bipartisan support. Republicans are the party of Lincoln and, therefore, must reinforce our commitment to people and to the environment we share. Democrats, the party of Clinton, must remember that “it’s the economy, stupid” and return to fiscally responsible policymaking. Europe is also now realizing the disaster of a climate obsession that has blocked gas pipelines from being built. Sam Buchan and Ricky Gill discuss the stalled MidCat gas link between Spain and Portugal. While this all plays out amidst the backdrop of mounting Russia-Ukraine tensions, the question remains whether France and the EU will lend their support to the project. Greens in the U.S. have their own attack on infrastructure in the name of “fighting climate change.” Gregg Goodnight says that the Supreme Court must stop the regulatory abuses enabled by the gross error of the 2007 ruling in Massachusetts v. EPA. This ruling has been the pretext for a vast extension of regulations by the EPA that were never intended under the U.S. Constitution, the 1970 Clean Air act, or authorized by subsequent amendments. Marlo Thomas agrees: Congress may not constitutionally delegate such power to an administrative agency. The Supreme Court should reject the Clean Power Plan’s legal theory, which entails a forbidden delegation of legislative power. In the News Tsvetana Paraskova, Oil Price Tony Owusu, The Street Rupert Neate, The Guardian Sissi Cao, Observer Nick Sobczyk, E&E News Seaver Wang, Slate Ryan Heath, Politico Andrew Stuttaford, National Review Ayse Wieting, Suzan Fraser, The Christian Science Monitor Scarlett Evans, Power Technology Ivana Kottasova, CNN Joel Kotkin, Hugo Kruger, UnHerd Kelsey Grant, RealClearEnergy Angelica Stabile, Fox Business Molly Taft, Gizmado 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... |