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12/20/2022

Energy Realism this past week focused on the need for massive amounts of new U.S. infrastructure, and why, although continually ignored by greens, China’s rhetoric on climate action is so provably empty.  

Devin Hartman & Neil Chatterjee get us started this week with a much-needed reality check: meeting U.S. energy-climate goals requires large projects. Very large projects. The November election underscored that America’s energy future is dependent evermore on bipartisanship. Luckily, there is some rare common ground on infrastructure in a divided government, and both parties are already making their priorities clear. As electrification becomes more of a priority to lower emissions, the power grid is only getting more essential. And after what we just saw in North Carolina, J. Kennerly Davis argues that, unfortunately, many of the Biden administration’s own policies are making our grid less secure, more vulnerable to sabotage and blackouts. Just imagine when we put all these electric cars on the grid that greens are demanding. Duggan Flanakin points out though that there is a very obvious problem for the “EV revolution:” not many people want to buy them. If the relatively small number of EVs are already causing governments to ration their charging times, imagine the rationing – and the soaring cost – of electric power for EVs (and all the electricity that we use) when there are 50 million of them on American roads.

We already know that Russia, Iran, and China are regularly scheming to crack our grid. Yet, the Biden administration continues to do zero to hold them accountable. China in particular has been given a free pass by the green energy zealots. China is doing far less than it claims to lower emissions. Paul Bledsoe looks at America’s great adversary, whose mostly cosmetic actions have done very little to slow planet-endangering greenhouse gas growth presided over by Xi Jinping. China’s yearly emissions are now about a third of the global total – and rising. That is more than all emissions from the U.S. and every other developed country on Earth combined. Stephen Perkins says the exact same thing. On climate change, why are greens not tougher on China? Like they are on, say, Trump supporters. When it comes to competing on climate, China and the U.S. are not even playing the same game. China is out to make a buck while clinging to its dirty habits domestically. Our Essential Reading this week sums of all this up. The great Oren Cass explains The Futility and Farce of Global Climate Negotiations. 

In the News

New PBS Series “Energy Switch” Is Must-Watch Energy TV

Robert Bryce, RealClearEnergy

Part 2: ESG RIP: Review of Terrence Keeley’s "Sustainable"

Rupert Darwall, RCBooks

Postal Workers Deserve More Respect and Support from Environmental Elites

Paul Steidler, RealClearEnergy

Nuclear Fusion: How Long Until THE Discovery Can Power Your House

CNN

Winter Olympics Focus on Climate Change

Eddie Pells, AP

Europe’s Power Crisis Has ‘Very Little to Do With Putin’

Anmar Frangoul, CNBC

‘Turbocharged’ Renewables: IEA Hawking Its Wares Again

Tilak Doshi, Forbes

Five Reasons Why U.S. Shale Production Won't Soar In 2023

Irina Slav, Oil Price

U.S. Scientists Confirm ‘Major Breakthrough’ in Fusion

Ian Sample, The Guardian

China’s Reopening Is Going to Be a Gas Guzzler

Tristan Bove, Fortune

The Massive Gas Field That Europe Can’t Use

Bloomberg

The Elite’s Plan for a No-Car Society

Otto Moibu, WM Briggs

Biden's SPR Abuse Harms U.S. Energy Security

Alex Epstein, Alex Epstein

Climate Change: A Growing Skepticism

IPSOS

Part 1: ESG RIP: Review of Terrence Keeley’s "Sustainable"

Rupert Darwall, RCBooks

Multimedia

Protecting America's Electric Grid From Attack

60 Minutes

Security concerns for the nation's electrical grid are being raised after a substation attack in North Carolina. This past February, Bill Whitaker reported on the vulnerabilities in ...

GM Cancels Electric Vehicles After Profits Plummet

The Ben Hardy Show

Today I talk about how General Motors is backing away from their strict EV goals and focusing on I.C.E cars again!  

Another Keystone Pipeline Oil Leak Proves Activist Opponents Correct

MSNBC

Rachel Maddow reports on nearly 600,000 gallons of oil that spilled from a leak in the Keystone Pipeline despite the assurances of the oil industry, and affirming an accusation by cr...

BlackRock CEO Larry Fink on ESG Investing

NYT Events

BlackRock, the world's largest asset manager, has been a pioneer of environmental, social and governance (ESG) investing — perhaps the most influential voice. How does the company re...

U.S. Sends LNG to Europe Amid Potential Energy Crisis

CNBC Television

CNBC's Brian Sullivan joins 'Squawk Box' from Rotterdam with an update on Europe's energy crisis and the major liquified natural gas players supplying energy to the continent. 

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