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2/7/2023

Energy Realism this past week wrecked the dreams of net zero and showed why renewables are clearly not as popular as greens love to proclaim. 

David Hill & Jeffrey Kupfer get us started with their explanation of the Solyndra debacle and the obvious problems of picking energy winners and losers with policy. There are surely lessons to be learned from this infamous case, and the Republicans now controlling the House must learn them. Indeed, while to be fair that renewables have their advantages, oil and gas will remain nowhere displaceable at scale. Luis Fleischman looks at Joe Biden’s risky oil deal with Venezuela. If the Venezuelan regime takes further steps in the negotiations and displays goodwill, future sanctions may be relieved. And no matter what, we have to produce more of EVERYTHING here at home. And that surely centers on more mining. J. Peter Pham wants urgency for more domestic mining, or we risk losing out to China. The mining approval process simply has way too many hurdles and takes too long. Joe Biden should know that we must change that to have any chance of meeting his administration’s energy and climate goals. 

And the public pushback on land-devouring renewables is getting stronger than most green dreamers realize. Bonner Russell Cohen examines a small town in Illinois struggling to accept a giant solar farm that, per usual, will require gigantic swaths of land and intrude on people’s lives. The “limitless amounts of wind and solar” required to meet “net zero” are simply not practical and will continue to rub up against the wishes of the American public. Jason Isaac blows up the net zero fantasy. Advocates are ignoring the devastating impacts that such energy unrealism will have on people. Net zero is code for an obsession with higher cost, less reliable energy. Greens ignore that fact that such expensive energy hurts the poor, while affordable and reliable energy has the power to lift billions out of poverty. Recognizing the value of fossil fuels then, our Essential Reading explains why we need a World Bank committed to funding energy prosperity and economic growth.  

Essential Reading

LNG: Fueling the Dragon

Batt Odgerel, The Energy Policy Research Foundation

Coal-based China has emerged as the key player in the LNG market over the past decade. China’s prowess will have profound impacts for other LNG market players, namely Europe as it tries to drastically decrease its reliance on politically risky Russia. China has already shown a willingness to pay more for energy..

In the News

Germany Wants Action to Curb Russian LNG Imports

Petra Sorge, Bloomberg

Energy Sector Predictions for 2023

Robert Rapier, Forbes

Threat to Electric Grid of Drones: Take Action Now

Steve Naumann, PoP

White House Calls Exxon Record Profit 'Outrageous'

BBC

Some Realism About the Transition to Electric Vehicles

Michael Lynch, Forbes

Windfall Taxes Sweep Through the Global Energy Sector

Alex Kimani, Oil Price

Feds Push Ignorance for Whales Killed By Offshore Wind

David Wojick, CFACT

Joe Biden’s Venezuela Deal Is Risky But Worth Trying

Luis Fleischman, RealClearEnergy

Illinois Town Faces Solar ‘High Noon’ Shootout

Bonner Russell Cohen, RealClearEnergy

Minefield of Dreams: Finding the Critical Minerals Needed to Get to Net-Zero

J. Peter Pham, RealClearEnergy

Abandon Hope or Abandon Net Zero

Jason Isaac, RealClearEnergy

SPECIAL: NEW HOPE for NUCLEAR POWER

The Dilenschneider Group, Inc.

New China Select Committee Presents Opportunity for American Energy Leadership

Heather Reams, RealClearEnergy

Severe Winter Weather Proves No One Is “Deceived” About Oil and Natural Gas

Graham Copley, RealClearEnergy

Let's Face It: Net Zero Is Dead in the Water

Francis Menton, Manhattan Contrarian

Multimedia

Dow Falls More Than 300 Points After Fed Raises Rates

CNBC

David Kelly of JPMorgan asset management, Jim Caron of Morgan Stanley Investment Management, and Cameron Dawson of NewEdge Wealth join 'The Exchange' to discuss the latest Fed rate d...

Whale Deaths Spark Questions About New Jersey Wind Farm Development

FOX 29 PHILLY

The death was the seventh in a little over a month. The spate of fatalities prompted an environmental group and some citizens groups opposed to offshore wind to ask President Biden e...

Offshore Wind Farms Could Disturb Marine Mammal Behavior

Acoustical Society of America

When an offshore wind farm pops up, there is a period of noisy but well-studied and in most cases regulated construction. Once the turbines are operational, they provide a valuable s...

Two Minutes With Charif Souki Illustrating LNG Project Economics

Tellurian Inc.

How do you finance a project like Driftwood LNG in today's environment? Executive Chairman Charif Souki walks you through the numbers.  

Chatterjee: U.S. LNG Is So Important to the European Energy Equation

CNBC Television

Former FERC chairman Neil Chatterjee discusses whether Europe is really out of the woods with its energy crisis, and why nuclear power isn't being considered more as a feasible alter...

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