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3/21/2023

Energy Realism this past week looked at the banking collapse, and why nuclear power doesn't get more support. And ultimately, we demand that the fossil fuel industry start promoting its essential products more. End green bullying now.  

On quite the eventful week, our Senior Fellow Rupert Darwall got us started. It really is true what they say: “you go woke, you go broke.” The sudden collapse of Silicon Valley Bank occurred just days after Congress passed the Braun-Barr resolution, which overturns the Biden administration’s “Prudence and Loyalty” rule and its encouragement of environmental, social, and governance (ESG) investing by pension managers under the Employee Retirement Income Security Act. The timing could hardly be more instructive. For our energy-climate discussion, what is most frustrating is how ESG advocates outright ignore the obvious environmental downsides of their beloved: higher cost, less reliable wind and solar power. Collister Johnson, Jr. looks at the case of building offshore wind facilities off the East Coast, right where whales are suddenly turning up dead wherever we see development. Predictably, there doesn’t seem to be any federal officials at Bureau of Ocean Energy Management raising any eyebrows over the problem. 

And why doesn’t ESG favor more nuclear power? It truly is the most shocking thing. Julia Nesheiwat arguesthat more nuclear power is a U.S. national security imperative. Unfortunately, Fukushima changed the world’s course on pursuing clean and highly reliable nuclear, and provably unreliable renewables have been give priority. Indeed, as costs and energy bills have been skyrocketing over the past 10 months, Jennifer Schubert-Akin believes that we require an energy policy rethink. Simply put, climate change policy could be doing far more damage than climate change itself. For example, Tucker Davis explains how the progressive dream of “ending coal” has really been a nightmare for America’s less fortunate in particular. Coal is far more reliable, affordable, and increasingly cleaner than greens want you to know. Way too soft for way too long, our Essential Reading then comes from Alex Epstein, and his plan for how the fossil fuel industry must learn to fight back. Promote your products friends; they’ve been great for humanity. 

In the News

Biden Administration Policies Hurting Energy Development in Oklahoma and Across the U.S.

Brook Simmons, Anne Bradbury, RealClearEnergy

Electric School Buses Do More Than You Think

Ritu Narayan, RealClearEnergy

To Improve Reliability of EV Charging Network, We Need Private Sector Investment

Zachary Michael, RealClearEnergy

Alaska, Oil, and Joe Biden: Do You Believe in Miracles?

Rick Whitbeck, RealClearEnergy

NJ Seeks More Offshore Wind, as Opponents Push for Halt

Michelle Rotuno-Johnson, Across New Jersey

Global Plug-In Electric Car Sales Grew 10% in Jan 2023

Mark Kane, Inside EVs

Bill That Could Impact EV Sales in Mississippi Due Tuesday

Courtney Ann Jackson, WLBT

Climate Policies Will Shut Down Farmers

Diana Furchtgott-Roth, The Daily Signal

Michael Bloomberg: Above It All

Robert Bryce

4 Reasons for Europe’s Record Drop in Gas Demand

Tsvetana Paraskova, Oil Price

The New Great Game

Joel Kotkin, Hugo Kruger, The American Mind

EV Car Mania May Be Over, or at Least Slowing

IER

SVB's ESG: Hiring, Supplier Quotas Based on Ethnicity, Race, Sex

Breitbart

China Is Reason for a Strong U.S. Offshore Wind Energy Industry

James 'Spider' Marks, RealClearEnergy

Alaska Oil Project Puts Biden Climate Efforts in Jeopardy

NBC

Multimedia

Energy Strategist: No Way the Global Supply Function of Oil Works at $60 a Barrel

BNN Bloomberg

Jan Stuart, global energy strategist at Piper Sandler & Co., joins BNN Bloomberg's Jon Erlichman and Andrew Bell to talk about the supply and demand story for oil after prices fell b...

Oil Prices: ‘We Could Be Talking About $45 WTI,’ Strategist Says

Yahoo Finance

Bob Iaccino, Path Trading Partners Co-Founder and Chief Market Strategist, joins Yahoo Finance Live to discuss current oil prices and how low they could go.

Biden Approves Oil Drilling in Alaskan Wilderness, Breaking ANOTHER Campaign Promise

The Young Turks

The Biden administration approved massive amounts of drilling in Alaska. Ana Kasparian and Cenk Uygur discuss on The Young Turks.

Jordan Peterson: Environmentalism Is an Appalling Situation and It Will Get Worse

Fox News

Psychologist and author Jordan Peterson discusses how the left wants people to suffer in the name of environmentalism on 'Tucker Carlson Tonight.'

Biden to Approve Controversial Alaska Oil Project

Fox News

Fox News' Grady Trimble provides details on President Biden's move to approve the massive Willow project in Alaska while simultaneously putting new restrictions on gas and oil in the...

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