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5/2/2023

Energy Realism this past week looked at wind and nuclear energy options, and the best way to really help Americans. Hint: it is NOT by obsessing over our drastically improved air quality. 

Nikki Martin & Erik Milito got us started: while surely not the sole solution that some claim,  more wind power has a key role to play in meeting emission reduction goals. A recent spate of whale and dolphin deaths in New Jersey reminded us of this, but what followed was a rush to jump to conclusions and blame activities around offshore wind development – in particular geoscience survey work – for the unfortunate series of deaths, without much evidence. Greens should realize though that more highly dependable nuclear power is even more essential. Vijay Jayaraj argues that nuclear energy offers humanity the safest, most efficient approach to harnessing natural resources for its use. As the densest energy source available, nuclear fuel requires the least amount of material and land for electricity production. Indeed, Gordon Tomb gives us a warning about Big Green grifters, looking to make big bucks off climate alarmism. In particular, the “Bootleggers and Baptists” of Pennsylvania’s energy markets cost consumers and taxpayers billions while undermining the state’s economy and power grid. Our Senior Fellow Rupert Darwall also makes it clear: net zero dreams inevitably mean much higher inflation, to increase the cost of literally everything. 

And as described by Wayne Parke, coal-based, manufacturing juggernaut Indiana (“the state that works”) should also take note. The green grifters trying to “save humanity” are coming for your pocketbook. Large industrial users and utilities have lobbyists to represent their interests, while Indiana ratepayers only have the Indiana Legislature. Low-cost energy is the heart of U.S. economic growth, and, yes, our goals for racial justice. Our Essential Reading then comes from the University of Michigan explaining how we should leverage our huge endowment of low-cost shale gas for a U.S. manufacturing boom. Our politicians should realize that if they really want to help poor Americans, they should start by helping them get a better job and make more money. Hey, climate-obsessed AOC: Economic justice > Environmental justice. 

In the News

King's Preventing Bank Runs Deserves Another Hearing

Rupert Darwall, RealClearPolicy

Using Natural Gas to Go Carbon Negative

Benjamin Dierker, RealClearEnergy

Carbon Pricing: Lessons from a Global Energy Crisis

Kelsey Grant, RealClearEnergy

Joe Biden Is Losing Young Climate Voters

Rick Whitbeck, RealClearEnergy

Manchin to Support Repeal of Biden’s Climate Bill?

Alexander Bolton, The Hill

James Comer Threatens ‘Unchecked’ John Kerry

Caitlin Doornbos, New York Post

Wind Sector Needs Cost Cuts and Supply Chain Revamp

Gavin Maguire, Reuters

Climate Protesters Try to Bring Berlin Traffic to a Halt

AP

Tesla: Energy Use Cut in Half by Switch to EVs, Renewables

Daniel Bleakley, The Driven

Why You Can Keep the Gas Stove—for Now

Avi Salzman, Barron's Online

China Ramps Up Coal Despite Carbon Neutral Pledges

Amy Hawkins, The Guardian

Entrepreneurs Don't Meet Needs, They Lead Needs

John Tamny, RCWire

America’s Oil Patch Loses Its Luster

Jinjoo Lee, WSJ

M&A Activity in the Permian to Pick Up in 2023

Tsvetana Paraskova, Oil Price

5 Hidden Costs of Electric Vehicles

Andrew Lisa, Yahoo Finance

Multimedia

Is the War on Fossil Fuels About to Get Worse?

Fox News

‘The Big Sunday Show’ panelists discuss AOC continuing to push the climate narrative and how the Biden admin is set to crack down on power plants.

China’s Electricity Problem

Wendover Productions

China needs a lot more electricity, and coal is the center of that generation. 

This Policy Is Good for China and Bad for America: Oil CEO

Fox Business

American Petroleum Institute President and CEO Mike Sommers shreds President Joe Biden's energy policies on 'Kudlow.'

John Kerry: Meeting Climate Goals 'Will Require Capturing Emissions' By Oil and Gas Industry

MSNBC

U.S. Special Presidential Envoy for Climate John Kerry joins Andrea Mitchell to discuss whether the international community can unite to cut carbon emissions. “I think that we are on...

LNG Demand Will Be a Huge Tailwind for Gas in 2025, Says Truist's Neal Dingmann

CNBC Television

Neal Dingmann, Truist managing director, joins 'Closing Bell: Overtime' to discuss energy M&A.

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