Energy Realism this past week discussed the need for more domestic energy investment and production. Unless we want to rely more on rogue players like China and Iran, we simply have no choice. The reality is that we should be producing as much oil and natural gas as possible here in the U.S. The twin fuels supply over 70% of our energy and are nowhere near replaceable at scale. Frank J. Macchiarola explainswhy the Biden administration’s overt anti-oil, anti-gas agenda threatens American energy security, particularly as it continues to block offshore leasing. And as Tom Harris points out, this is all part of the anti-energy agenda that greens want to force upon us. Leading up to the 2022 mid-term elections, even Iran, the largest state sponsor of international terrorism, is now being considered by an increasingly desperate administration as a possible oil source. Indeed, our Essential Reading this week comes from the International Energy Forum: there has been a chronic lack of investment in new oil and gas supply for nearly a decade. The green agenda to “block new oil and gas production at every turn,” obviously very dangerous since demand is still rising, is the primary cause of the energy crisis over the past year. Not just more oil and gas extraction though, Roy Mathews realizes that we also need to mine other crucial natural resources, namely to thwart global supply chains controlled by China. Greens should realize that their love affair with electric cars and wind and solar mandates a domestic mining revolution for rare earth elements. Aaron Ringel agrees that we must end our dependence on China for the critical materials inherent to the energy world of tomorrow. Incredibly, the Biden bunch, beholden to the radical progressive base, continues to block domestic mining of materials required “to fight climate change.” Brian Gitt makes clear that true energy security comes from investing in energy across the board. As a seasoned investor, he looks at some attractive money-making opportunities in the world’s largest industry. In the News Sharon Udasin, The Hill David Holt, RealClearEnergy Simon Watkins, Oil Price Bloomberg Fred Lambert, Electrek Ruth Saldanha, Morningstar Andy Puzder, Fox Business Elliott Ramos, NBC News Natasha Anderson, Daily Mail Bridget Reed Morawski, Energy News Network Michael Lynch, Forbes Marlo Lewis Jr., Competitive Enterprise Institute Ramsey Touchberry, The Washington Times Haley Messenger, NBC News Bloomberg Markets and Finance Dominic Schnider, head of commodities and APAC FX/macro at UBS Global Wealth Management CIO Office, discusses oil markets, oil prices and his outlook for commodity currencies. He spe... Fox Business House Energy and Commerce Subcommittee holds hearing on "Gouged at the Gas Station: Big Oil and America's Pain at the Pump." Fox News Senate Judiciary Committee member discusses the president's 'trainwreck' energy agenda on 'Hannity.' Investing News The war between Russia and Ukraine is a key factor in the oil industry right now, but as Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, reminded investors,... Michael Lynch Michael Lynch has repurposed the classic poem "Tommy" to reflect the angst of oilmen being whipsawed by politicians. CNBC Television Goldman Sachs global head of commodities research Jeff Currie discusses where energy prices may be headed, and says some blame can be placed on lack of investment in the sector. Outkick It is illogical, it is absolutely crazy to make an argument in favor of $20 gallons of gas over any American presidential candidate. CNBC Television Former Dallas Fed President Richard Fisher, senior advisor to Barclays, joins CNBC's 'Squawk Box' to react to March's jobs report, inflation and more. Fox News U.S. Oil and Gas Association President Tim Stewart says 4,600 federal drilling permits are waiting on the Biden admin's approval. |