Energy Realism this past week discussed energy dreams, which in terms of policy must continually be trumped by energy realities. Ask Europe. Anne Bradbury puts it all into perspective: Joe Biden’s energy agenda is simply absurd. The Administration’s policies are disjointed and counterproductive. Rather than flailing attacks on the oil and natural gas industry, our leaders need a serious energy strategy that embraces all of America’s energy resources, particularly oil and natural gas. The administration, however, is even thwarting its own energy agenda, with is obsessed with endless amounts of wind, solar, and electric cars. Stuart Levenbach discusses the layers of regulations coming out of Washington, DC. Very little of which though is actually helping push such “green” energy. The real guidelines necessary to build the next generation of clean energy infrastructure and achieve net-zero greenhouse gas emissions by 2050 have been few and far between. Let’s face it: the goal of carbon capture and storage is dividing both political parties. Benjamin Zycher wants us all to take a step back. We must recognize that the current campaign to promote CCS subsidies is being driven in substantial part by old-fashioned rent-seeking rather than some sort of environmental/climate imperative, whatever the usefulness of the latter in terms of making excuses for the former. In any event, as we seek to reduce our own emissions, the world isn’t listening much. That’s because it’s far too poor to ignore the proven benefits of carbon-based fossil fuels. The West is the greatest example of this fact. Robert Bryce reports on how the ongoing boom in global coal use is obliterating the reduction in CO2 emissions have been coming from the U.S. for nearly 20 years. For most countries, poverty and energy deprivation, not climate change, are seen as the biggest problems – and understandably so. Indeed, many fossil fuel supporters see CCS as an impossible panacea. Brian Gitt warns us against seeking such a utopia for energy. He’s been trying to find it for two decades, and to no avail. Maybe, just maybe, there’s no such thing. Finally, Michael McKenna gives us a comprehensive view of the coming mid-terms. Now just four months away, the races and topics are heating up. In the News Mark R. Robeck, RealClearEnergy Bartley Madden, Mark Van Clieaf, RCMarkets Erik Milito, RealClearEnergy Ajit Niranjan, DW Reuters Ben Phipps, HotCars Rachel Millard, The Telegraph William Allison, EID Reuters Adam J. White, Commentary Laurence Tribe, WSJ Joel Kotkin, Newsweek Karl Maier, Bloomberg Felicity Bradstock, Oil Price E&E News CNBC Television Helima Croft, global head of commodity strategy at RBC Capital Markets, joins CNBC's 'Squawk Box' ahead of the OPEC+ meeting on Thursday to break down the global oil supply. CNBC Television CNBC's Pippa Stevens joins 'The Exchange' to discuss outflows from ESG funds and what's driving the move. CNBC Television Amrita Sen, founder and director of research at Energy Aspects, and Rob Thummel, portfolio manager and senior managing director at Tortoise Capital, join CNBC's 'Squawk Box' to break... |