Energy Realism this past short holiday week examined our most clear energy fact: we need policies to increase, not deter, the production of oil and natural gas. What a Thanksgiving week it was: yours truly is still stuffed. But let us get down to energy business. Timothy M. Doyle looks at the insanity of ESG. Capital invested in environmental, social, and governance investment products are forecast to reach $41 trillion by the end of the year. But is the ESG obsession at all beneficial, or just utterly full of holes? The reality is that we must support our oil and gas companies, and most ESG advocates have been making them out to be the enemy. Oil and gas supply 70% of our energy. And as Tom Magness makes clear, more domestic oil and gas production is a non-negotiable pillar of U.S. energy security. Biden and his allies in Congress are still pushing misguided domestic measures that will obstruct us from meeting the dual challenge to reduce energy prices and reduce emissions. The good news is that the obvious need for more domestic oil and gas is gaining more bipartisan support. Although the one-sided media ignores it, Putin’s war exposed the energy unrealists and the giant folly of the “Green New Deal.” Ken Summers explains why a growing number of Americans are supporting the imperative to work together on energy and climate policy. Democrats need to be careful not to misread their relative success on midterm election night as an endorsement of energy and environment policies that are out of step. Indeed, our Essential Reading this week comes from the International Energy Forum. Not just in the U.S., but there is a global requirement to support more oil and gas. Companies have already been cutting spending and not investing enough in extracting our most irreplaceable fuels. The “we don’t need more oil and gas” know-nothings could be laying the seeds today for even more disaster and higher prices down the road. In the News Tom LaTourrette, RCWire Nikolaus J. Kurmayer, Euractiv The Hill Brian Westenhaus, Oil Price Katie Brigham, CNBC Amy Nelson, Fox News The New Yorker Louis Andres Henao, AP Shoko Oda, Bloomberg Timothy M. Doyle, RealClearEnergy Nikolaus J. Kurmayer, Euractiv Noor Nanji, Katy Austin, BBC Lauren Sommer, NPR Daily Beast Will Horner, Fox Business CNBC Television Jeff Currie, Goldman Sachs' global head of commodities, joins 'Squawk on the Street' to discuss Goldman's cut to oil forecasts, concerns around a forced reopening of China, and the l... The Economist COP27, the United Nations climate conference, has drawn to a close in Egypt. The Economist’s environment editor, Catherine Brahic, shares her assessment on the talks' breakthroughs, ... UN Climate Change Al Gore gives his speech at the opening of the world leaders summit at the UN Climate Change Conference 2022 (COP27). Fox News 'The Five' co-hosts discuss the United States and other nations at the U.N. Climate Change Conference agreeing to pay up to $1 billion in 'climate reparations' to poorer countries. |