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6/6/2023

Energy Realism this past week looked at the clear need for a suite of options when it comes to reaching climate goals, and why the U.S. must put more of its energy future in its own hands, and stay away from relying on the Chinese Communist Party. And let us take this critical opportunity once again to introduce readers to our new sister site: Energy of the Future.

Jude Clemente got us started last week: there are so many things that do not quite add up when it comes to “the inevitable energy transition.” We keep hearing endless amounts of electric cars, wind, and solar are the future, but is it really that simple? Not quite. Duggan Flanakin reports on the absurdity of the electric school bus obsession. On the surface, using precious resources for these “green investments” instead of desperately needed STEM obviously makes little sense. So why are so many people going along with it? And no matter what you keep hearing, it really is an oil and gas world, with the twin fuels supplying 65% of America’s energy. Erik Milito looks at how the Gulf of Mexico can be leveraged to continue to meet our energy demands while advancing climate progress forward. For example, increasing total U.S. production to a level that offsets foreign crude oil and condensate would result in a 23% reduction international carbon intensity for the displaced oil.

Indeed, this “out of the box” thinking is exactly what Karly Matthews calls “clean energy innovation.” We simply must go far beyond the “endless amounts of electric cars, wind, and solar” mantra to reach any significant climate and emission reduction goals. This involves limiting the extending Chinese Communist Party’s influence over global supply chains for both energy and critical materials. Our Essential Reading this week then comes from Rahmatallah Poudineh at the Oxford Institute for Energy Studies. Global energy systems are undergoing a transformation as the decarbonization process advances. His analysis examines how electricity and natural gas systems are changing the most. 

In the News

Proposal to Overhaul Connecticut’s PURA Will Add Unnecessary Regulatory Red Tape

Ron Brisé, RealClearEnergy

Energy Independence and Presidential Politics

Jay Hakes, RealClearEnergy

ESG Blowback: Exxon, Chevron Investors Reject Climate Measures

WSJ

Schwarzenegger: ‘No One Gives a S--- About’ Climate

Catherine Clifford, CNBC

Elon Musk's Texas Ventures Spark Environmental Concerns

Aveek Bhowmik, MSN

WARNING: Woke Censorship Has Gone Global

Michael Shellenberger

Climate Reparations? I Already Paid Them

Derek Hunter, The Hill

How to Rethink Climate Change

Pilita Clark, FT

John Kerry, Climate Crazies Coming for Your Burgers July 4

Liz Peek, Fox News

Biden Fossil Fuel Boost Creates Political Storm on His Left

Brian Dabbs, E&E News

OPEC+ Faces a Changed Global Oil Market THIS Week

Grant Smith , Bloomberg

Jane Fonda Blames 'White Men' for Climate Crisis

Taylor Penley, Fox News

WTI Plunges Below $70 With U.S. Debt Deal In Jeopardy

Julianne Geiger, Oil Price

Insurers Flee Climate Alliance After ESG Backlash in U.S.

Reuters

Plunging LNG Prices = POSSIBLE U.S. Export Cancellations

Bloomberg

Multimedia

Newt Gingrich: Climate Activist Mayhem 'Shouldn't Be Tolerated'

Fox News

Former House speaker and Fox News contributor Newt Gingrich on 'giving into' climate activists and the impact it will have on a country's values as they continue to target art and la...

Mark Mills: ‘Dangerous Delusion:’ High Demand for Oil, Gas Impedes Green Transition

Al Arabiya English

Despite at least $5 trillion of spending on non-hydrocarbon globally, the world’s dependence on hydrocarbons remains high, hampering the global energy transition as a result, an expe...

Malek: Oil Is Being Used as a Proxy, and It's Dangerous

Bloomberg Television

Christyan Malek, head of energy strategy at JPMorgan Chase & Co., talks about the upcoming OPEC meeting and global oil demand and why there could be future energy shortages.

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