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3/14/2023

Energy Realism this past week looked at why Democrats continue to block the policies and projects needed for the very green “energy transition” that they themselves are demanding. Cost overruns for nuclear and the administration’s seeming hatred of our oil & gas industry remain persistent themes.

Mike Sommers & Sean McGarvey got us started last week. Business and Labor Agree: it’s time for permitting reform. American infrastructure projects take far too long to move through Washington’s many permitting and review hoops. From bureaucratic red tape to legal challenges and delays, critical infrastructure projects that bring reliable, affordable energy and good-paying jobs to U.S. communities are slowed down often to the point of outright cancellation. Democrats should know that this includes critical mining projects needed for their favored more wind, solar, and electric cars. Philip Rossetti wants Democrats to realize that their policies blocking our mining revolution mean that net-zero goals have no chance of ever being reached. Indeed, Heather Reams looks at the real climate story that the one-sided media loves to ignore. It’s Republicans that are leading on clean tech. Conservatives understand that—by unleashing American resources, accelerating permitting for energy infrastructure and innovative clean technologies, and supporting a strong, diverse energy portfolio—we can strengthen the U.S. role as a global leader in emissions reduction while also providing affordable, reliable energy for American families and businesses.

Brigham McCown, for instance, explains how President Biden has completely misused crude oil releases from our Strategic Petroleum Reserve in the name of political expediency to improve his party’s chances in the mid-terms (it worked by the way). For nuclear, which Democrats should know is our cleanest and most reliable source of energy, Jeff Luse says that we can learn a lot from Poland. In its Nuclear Power Program plan the Polish government lays out a strategy to grow its nuclear energy sector through 2040. Recognizing that red tape can often slow down innovation, Poland passed regulatory reforms last year to speed up the deployment of nuclear power. Our Essential Reading this week then comes from J.P. Dorian et al. for Oil, Gas & Energy Law Intelligence who look at the “energy transition” from an economic perspective.

In the News

Energy Keeps Pennsylvania Open for Business

Dave Callahan, RCWire

Biden, Schumer Using ESG to Come After Your Retirement

Andy Puzder, Fox Business

Mobilizing for Carbon Removal

Peter Eisenberger, Sasha Mackler, RealClearEnergy

REMINDER: EVs Going to Cost Jobs Across Auto Industry

Lawrence Hodge, Jalopnik

Electric Truck in Super Bowl Ad Got $186M in Taxpayer Subsidies

Reason

Here's What It Will Take for Energy Transformation

Michael Sachse, EE Online

OPEC, U.S. Shale Executives Discuss Global Oil Supply

Tsvetana Paraskova, Oil Price

Greta Joins Indigenous Communities In Opposing Wind Energy

Forbes

This Electric Vehicle Owner Loves His Car

James Barron, NYT

Energy Colonialism Will Worsen Urban-Rural Divide

Joel Kotkin, National Review

Russia Facing Turmoil Without European Gas Customers

Therese Robinson, NGI

CERAWEEK: Biden Climate Law Will FAIL Without Permitting Reform

Reuters

Tellurian's Souki Won't Sell LNG to Chinese Buyers

Bloomberrg

Is New England Headed for an Electricity Supply Crisis?

Housley Carr, RBN Energy

Alaska Prepares for Biden to Deny Willow Project

Kristen Altus, Fox Business

Multimedia

The Key to Energy Security Is American Natural Gas, Says EQT CEO Toby Rice

CNBC Television

Toby Rice, president and CEO of EQT Corporation, joins 'Power Lunch' to discuss Europe's energy crisis management, the energy transition and falling nat gas prices.

Goldman's Currie Has High Confidence in Oil Price Spike in 12-18 Months

Bloomberg Television

Jeff Currie, global head of commodities research at Goldman Sachs, sees crude reaching back above $100 a barrel in the fourth quarter and says his confidence in an oil price spike in...

Xi Jinping Is ‘All in on Coal’ Powered Energy

Sky News Australia

The Australian Environment Editor Graham Lloyd says Xi Jinping has been very clear on his energy plans for China, by using “the stuff that works” until renewables become an option. ...

Where's the Environmental Outrage Over China's Coal-Fired Power Plants?

Fox Business

FOX Business host Stuart Varney argues President Xi Jinping will not sacrifice China’s economy to climate change.  

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