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2/21/2023

Energy Realism this past week discussed the requirement to support our oil and gas industry, while ensuring that energy prices remain low. The latter is a huge task since the growing climate obsession is really an obsession with more expensive and less reliable energy. Ask Europe. 

Paul Steidler gets us started: instead of just continually bashing “Big Oil” and the technology companies that are helping them to cut emissions and operate more efficiently, environmentalists should form a working alliance with those who consistently lower emissions. By encouraging that, the U.S. oil industry will have dramatically lower emissions, while setting operating standards that the rest of the world’s oil producers will be held accountable to meet. And Mike Roman discusses how the oil companies gaining financially is obviously a good thing for their wide ranging lot of American investors and the public at-large. The vitriol against the oil industry is delivered without much thought or reference to the products, services, and benefits these companies alone can, and must continue to provide – including those that some public officials have even encouraged them to provide. But we have dangerously become petrified of greens in so many ways. Kevin Mooney outlines how “climate activists” are now influencing federal energy regulators, scaring them into unrealistic, dangerous, and expensive energy policies. And predictably, they seem to be hiding this alliance with Big Green. 

The SEC as well has been pushing climate disclosure rules that will surely make our own fossil fuel companies less competitive globally. Cromwell Coulson wants the SEC to remember that regulatory costs act as a fee taken out of investor capital and returns. The cost to comply with the SEC’s proposed requirements will have a detrimental effect on smaller to mid-sized companies, investors and the public markets as a whole. Marc Marie and Josiah Neely realize that our policy goal must be to lower energy prices, especially since the climate obsession is increasing them. If anti-competitive legislation now being debated in half a dozen state legislatures becomes law, residents across the Midwest and Great Plains could find themselves paying far more for projects than they want/need. Our Essential Reading this week must then come from our frequent contributor Robert Bryce. California is easily the most green obsessed state, and wouldn’t you know it, it has the highest energy prices. Greens will not admit it but green policies are really a regressive tax on our most vulnerable. 

In the News

Joe Biden’s '10 Years More of Oil' Is More Dangerous Energy Ignorance

Daniel Turner, RealClearEnergy

U.S. Coal Power Refuses to Die

E&E News

Flashback: California’s Energy Policy a Cautionary Tale

Thomas Tanton, CEI

Right of First Refusal Laws Benefit Utilities, Not Consumers

Marc Marie, Josiah Neeley, RealClearEnergy

Gas Stoves: Beloved Blue Flame Just Better

Mark Krebs, Tom Tanton, Master Resource

Coal’s Comeback Pays Off for Hedge Funds

FT

White Noise and Climate Anxiety

Alex Trembath, Discourse

Whitehouse Builds Case for Climate Action From New Perch

E&E News

Can Poor Have High Growth Without Using Coal? A Debate.

WSJ

What Happens With Refinery Profits. Are “Buy Backs” a Bad Thing?

AFPM

Offshore Wind and More Dead Whales

Thomas Catenacci, Fox News

Drivers Ditching Electric Cars for Petrol

Lyndsey Young, The Sun

Ford's $3.5B EV Battery Plant With Chinese Company

Michael Wayland, CNBC

Out of Transmission

Robert Bryce

‘CEO of Anti-Woke Inc.’ Has His Eye on Presidency

Daniel Lippman, Politico

Multimedia

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Evolution of climate alarmism - Part 1

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CNBC Television

Sam Stovall, CFRA Research chief investment strategist, joins 'Squawk Box' to discuss how he feels about markets now, the economic data that may impact markets, and more.  

Oil Prices Jump as Russia Announces Production Cuts

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Canada Should Provide LNG to Europe: Expert Explains Why

CTV News

Bjorn Inge Tonnessen with Questerre Energy says that Canada could play a vital role in providing natural gas resources to Europe.  

Biden’s Transition From Oil & Gas Is Unrealistic

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You don’t have to love oil and natural gas to recognize how indispensable they are to how we live today. Unfortunately, with so much talk of replacing petroleum, many seem to ignore ...

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