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12/13/2022

Energy Realism this past week focused home grown energy-climate solutions and how climate science has increasingly become non-science: no questions, no debate, no uncertainty. The exact opposite of what science really is. 

Brigham McCown gets us started this week by reminding us that everything on climate and energy must begin here at home. The stronger our public policy is at home, the fewer vulnerabilities are left that can be exploited by unfriendly nations. After nearly 50 years, the U.S. had effectively eliminated a significant risk only to see it now return due to ineffectual domestic policy. That risk is Energy. Joey Merrick must then point to an energy development project in Alaska that the Biden administration should be supporting most because it purports to support unions. And oil, of course, is our most vital fuel with no significant substitute whatsoever. George David Banks realizes that American industry is at the core of U.S. energy and national security. While both political parties agree on bolstering the U.S. supply chain and competitiveness, consensus on how to achieve those goals has been complicated by the partisan reconciliation process, which resulted in the Inflation Reduction Act (IRA). There will be no appetite on the part of Republicans in the next Congress to back another round of IRA-type industrial subsidies – an unintentional good outcome of the IRA’s politicization. 

But the emerging issue of “climate finance” might be the most politically divided subject of them all. Jennifer Schubert-Akin argues against the legitimacy of the “climate justice fund.” The climate justice fund has been a goal of climate bureaucrats for decades. Yet, this new international tax scheme is also the latest chapter in the same old story of Americans sacrificing their living standards to the climate change altar. Green, do not forget, is indeed the color of money. Kevin Mooney sees the same thing happening in his state of Pennsylvania. “Climate” and “emission reduction” regulations are surging the cost of energy, all for little to no tangible gain. The science being used to justify such policies is without merits. Our Essential Reading this week can then only come from the great Dr. Judith Curry from Georgia Tech. Her group documents how current “climate science” is not allowing the creative tension from disagreement, uncertainty, and ignorance that drives scientific progress. 

In the News

Climate $ Pouring Into DC — Watch Out for RINOs

Derrick Morgan, Mike McKenna, Daily Caller

Cultivated Meat, Not Plant-Based Meat, is the Future of Environmentally Conscience Food

Micah Safsten, RealClearEnergy

Solar Consuming Ever-Larger Expanses of Land

John Murawski, RCInvestigations

Why Have Climate Change Activists Pitted Life Against Art?

Jerry Saltz, Curbed

New Blood, Big Oil: California Legislature Starts Special Session

CalMatters

Bumps in the Energy Transition

Daniel Yergin, IMF

U.S. Gasoline Prices Plunge Below Year Ago Levels

Alex Kimani, Oil Price

Anti-Oil, Anti-Gas: “The Plan Was to Do Something Illegal”

William Allison, EID

UK Energy Reforms Could Stifle Growth

City AM, Oil Price

Russian Oil Price Cap Adds to Fiscal Pressure on Moscow

Georgi Kantchev, WSJ

Biden Starts a Climate Trade War

The Editorial Board, WSJ

IOC Delays Decision on Winter Games Host Over Climate Change

DW

Addressing Climate Change Will Not “Save the Planet”

Christopher Ketcham, The Intercept

BP Ending Its 70-Year-Old Statistical Review of World Energy?

Ron Bousso, Reuters

U.S. LNG Is Booming, But Who Supplies the Gas?

Alex Kimani, Oil Price

Multimedia

John Kerry, Sen. Mitt Romney on U.S. Climate Policies and Energy Innovation

Washington Post Live

Climate-fueled disasters are worsening across the United States and threatening what Americans value most in their everyday lives, warns a recent federal report. Join Washington Post...

Fed Policy Continues to Concern Oil Markets

CNBC Television

Francisco Blanch, head of global commodity and derivative research for Bank of America securities, and Kevin Book, managing director at Clearview Energy Partners, join 'Power Lunch' ...

Two Minutes With Charif Souki on LNG Market Progress During 2022

Tellurian Inc.

#Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipel...

Trudeau's 'Net-Zero Challenge:' A Greenwashing Waste of Taxpayer Money

Rebel News

In this report for The Buffalo, Sheila Gunn Reid looks at Justin Trudeau's so-called "net-zero challenge", which is costing taxpayers millions of dollars as it attempts to greenwash ...

How Electric Vehicles Will Change the Midwest Economy

CNBC

After manufacturing's 40-year cycle of decline in the U.S., officials in Washington are trying to bring it back. This move could be a boom or bust for huge swaths of the American Mid...

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