Energy Realism this past week exposed the massive holes in the International Energy’s net zero strategy. Fossil fuels are simply too critical for that not to be the case. Alternative energy systems only make sense when they make economic sense and are not forced upon the American public with policy. The dynamic duo of Andy Puzder and Sanjai Bhagat got us started last week: the International Energy Agency’s plan for net zero is really just code for “economic destruction.” Fossil fuels meet over 80% of U.S. energy needs, so “not investing” in their development is about as inflationary a policy as one could think of. No, we need to be doing the exact opposite. As Gentry Collins makes clear, investing in oil and gas (sister fuels that supply 65% of U.S. energy) is mandatory. In fact, with Russia and China increasingly joining forces on energy, our national security depends upon more, not less, fossil fuel investments. But, there is surely room to expand the liquid fuel stockpile. Michael McAdams makes the case for advanced biofuels. Our energy efforts must start with the need for a practical, all-of-the-above strategy. Heather Reams agrees that U.S. energy policy can actually be leveraged to combat China’s neo-colonialism. Pragmatic solutions are required, and we really do have enough of them. Our Essential Reading then comes the Friends of Science. The reality is the entire concept of “wind and solar and electric cars can and must displace fossil fuels” stands on very shaky ground, both from a physics and economic standpoint. In short, the inevitable energy transition that we keep hearing about is most likely not even possible. Somewhere, Mark P. Mills is smiling. In the News Kevin Mooney, Daily Caller Andrew Stuttaford, National Review Robert Hargraves, RealClearEnergy Terrence R. Keeley, The Messenger Gabe Kaminsky, Washington Examiner Bernard L. Weinstein, The Hill Capital.com Jake Smith, Daily Caller Valuetainment Francis Menton, Manhattan Contrarian Bruno Venditti, Elements Mark Krebs, Master Resource Helen Thompson, UnHerd Joe Dwinell, Boston Herald Matt Ridley, Daily Mail Mauldin Economics The envisioned benefits of ESG investing—owning companies that follow responsible environmental, social, and governance policies—have failed to materialize. Instead, the blind accept... Joe Blogs Russia has experienced a huge fall in revenue from Fossil Fuels as a result of SANCTIONS, PRICE DISCOUNTS and FALLING PRICES. In this video I provide more details and look at the imp... News Live Today Peter Zeihan "Natural Gas Crisis: Is Germany's Heavy Industry in Peril?" TD Ameritrade The crude oil price moved higher today since May 2023. Will the energy commodity reach the $80 level in the near future? There are reports that Saudi Arabia may cut production once a... Capital.com Demand for natural gas seems to have recovered recently after reaching a low of $2.00/MMBtu. In this natural gas analysis for the rest of 2023 we delve deeper into the fundamentals b... |