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7/11/2023

Energy Realism this past week hit the known value of natural gas and why net zero should focus more on nuclear, as opposed to obsessing over highly expensive wind and solar. 

A trio of Appalachian experts got us started last week: more natural gas in their area is the foundation of U.S. energy security. Gas is the go-to fuel here and around the world since it has the lowest CO2 emissions of any fossil fuel, while also having the versatility to backup intermittent wind and solar power. This time of the year when we celebrate independence, we should celebrate the freedoms made possible by our energy abundance in America and our ability to share it with the world. And that begins with more natural gas. Our Essential Reading then also makes clear that, as opposed to renewables, gas is the real fuel of the future. U.S. gas dominance poses numerous benefits for the domestic economy, national security, and global populations. Policymakers should therefore reduce environmental and export regulations on gas to accelerate its benefits. 

But to be sure, there is an obvious need for more attention to non-fossil fuel energy. Although even the Europeans are waking up that the key there is not endless amounts of wind and solar but more nuclear energy. Kristen Walker wants the U.S. to take notice: nuclear is literally non-carbon and our most reliable energy resource. So we must conclude this time with a recent Spectator article from Rupert Darwall. Our Senior Fellow documents just how inflationary net zero goals really are. That is because they undeniably surge the price of energy, which surges the cost of everything because energy is the input of everything. It is a cycle you see. Obsessing over more expensive and less reliable wind and solar power is the last thing that we should be doing. Ask the UK. 

In the News

Bank of England’s Net Zero Obsession Fueling Inflation

Rupert Darwall, The Spectator

The Rush to Electric Cars Is a Huge Mistake

Joel Kotkin, Spiked

The Energy Transition Isn't

Robert Bryce

Carbon Capture: Hopes, Challenges, Controversies

Financial Times

So Many Climate Records Breaking All at Once

Kimberley Reid, The Conversation

Financial Climate Risk Models Are ‘Implausible’

Camilla Hodgson, Financial Times

Pushing Back on Biden's Carbon Capture Initiative

Yael Halon, Fox News

Living Off-Grid Transformed More Than Just My Bills

Eric Mack, CNET

'Climate Lockdowns:' The New Battleground

Patrick Smith, NBC

China’s Bid for Energy Security Fuels LNG Boom

Tsvetana Paraskova, Oil Price

Carbon Capture Follies

Will Bates

I Handed My EV Back With Less Than 5,000 Miles

Nadine Dorries, Daily Mail

Shell Still Trading Russian Gas Despite Pledge to Stop

Ben King, BBC

Australia’s Hydrogen Hype Bubble Starting to Leak

Michael Barnard, CleanTechnica

Toyota Claims Game-Changing Battery Breakthrough

Rob Davies, The Guardian

Multimedia

New Global Heat Records Broken

ABC News

As millions face sweltering heat, protesters demanding action on climate change are making their voices heard in new ways. ABC News’ Lionel Moise reports.

Carbon Capture: Hopes, Challenges, Controversies

Financial Times

Once a fringe idea, carbon capture and storage has become a key part of decarbonisation plans the world over. Supporters argue that we need a way to remove CO2 already in the atmosph...

RFK Jr. Wanted to Prosecute 'Climate Deniers.' Has He Changed?

ReasonTV

"They should be enjoying three hots and a cot at The Hague," Robert Kennedy Jr. said of the Koch brothers in 2014. Does he still want to imprison opponents of his environmental views?

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