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1/24/2023

Energy Realism this past week hit on the obvious unrealism and dangers of the green dream: never-ending more wind, never-ending more solar…at all costs. 

“The Energy Transition” that we keep hearing is inevitable relies on seemingly endless amounts of wind and solar power. Both new capacity and new generation wise, the goal is renewables at all costs. We all know that the problem is that these sources are naturally intermittent, so their ability to “displace,” not just “supplement,” far more reliable coal, gas, oil, and nuclear is limited by Mother Nature herself. But perhaps worse, Robert Bryce might just be the leading expert on how these more expensive and less reliable renewables are simply not being supported by the American public. This time, he monitors the solar projects in 2022 that were rejected by rural communities in the U.S. Check out Robert’s Renewable Rejection Database

What is most ironic is that many of these rural communities have historically relied on the coal that greens so despise. Coal power is far more affordable and reliable than renewable power. Frank Lasee looks at the net-zero zealots and their destructive mission to destroy coal, a resource that has been the foundation of the U.S. power system since Edison’s Peal Street Station back in 1882. So how can we, the West that has built our incredibly high living standards on coal and other fossil fuels, now block fossil fuel usage for the world’s poor? Duggan Flanakin examines the West’s wasting of precious resources to force more expensive and less reliable wind and solar on poor Africa. This forgotten land of 1.3 billion deserves a realistic path to end its horrific energy poverty. Our Essential Reading, then, must come from our Senior Fellow, Rupert Darwall, who details the demise of the World Bank, a once great institution that is now peddling a provably faulty “green” dream over desperately-needed human development based on proven energy resources: coal, gas, oil, and nuclear. 

In the News

Gas Flows to Freeport LNG Export Plant in Texas

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Al Gore Goes on ‘Unhinged’ Climate Rant at Davos

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ENERGY VITAL: Testimony of Bud Brigham

Texas Senate State Affairs Committee

A Climate Solution in Dairy Cows’ Stomachs

Fred Krupp, Antoine de Saint-Affrique, WSJ

Climate Activists Vow to Take to Streets

The Guardian

Fed Directs Big Banks to Disclose Climate Risks

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U.S. Lithium Production Is Set to Explode

Haley Zaremba, Oil Price

South Korea President Backs Return to Nuclear

Jon Gambrell, Yahoo News

Could Europe Really Return to Russian Gas?

Irina Slav, Oil Price

The World Needs More Nuclear Power

DJ Nordquist, Jeffrey S. Merrifield, Foreign Policy

Kamala Mocked for Word Salad During Climate Talk

Lindsay Kornick, Fox News

Private Jet Emissions Quadrupled During Davos 2022

Helena Horton, The Guardian

Elon Musk Fan With 2,900% Gain Sees $1.5M Wiped Away

Claire Ballentine, Bloomberg

OPEC Expands Control of Oil as Shale Growth Stalls

Tsvetana Paraskova, Oil Price

Oil Markets Are Balanced, But Gas Isn’t, UAE’s Mazrouei Says

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Multimedia

No More Electric Vehicles in Wyoming?

Fox Business

Wyoming Sen. Jim Anderson discuss how he is pushing to have the sale of new electric vehicles banned in the state by 2035 on ‘Fox Business Tonight.’

RBC's Helima Croft on the Biggest Wild Cards for Energy Prices in 2023

CNBC Television

Helima Croft, global head of commodity strategy at RBC Capital Markets, discusses how China's reopening, Russia's response to EU sanctions, OPEC and Iran could play major factors in ...

Yergin: China's Economic Rebound Could Surge Oil Pricing

CNBC Television

S&P Global vice chairman Dan Yergin discusses the impact of China's reopening on energy prices, and the effect interest rates and currency headwinds have on the oil market. 

Two Minutes With Charif Souki on Why U.S. LNG Is Attractive

Tellurian Inc.

The fundamentals illustrate how U.S. LNG is to become 25% of all LNG around the world. Henry Hub natural gas prices will never go higher than global prices. This gives U.S. LNG the o...

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