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9/12/2023

Energy Realism this past week looked at remaining practical on energy-climate policy and why more U.S. energy production from all angles is essential to U.S. national security. If not, China benefits most. 

Daniel Turner got us started last week. It seems that everywhere we turn, President Joe Biden continues to block American energy production of all stripes. Yes, we are talking about blocking oil, coal, and gas in the name of “fighting climate change,” but we are also talking about blocking the domestic mining projects required for the “energy transition” that his own administration is demanding. It literally makes no sense. The good news, however, is that, since fossil fuels are so ingrained in our way of life, carbon capture, utilization, and storage (CCUS) continues to garner bipartisan support. Hugh Daigle explains why carbon capture is so vital to reaching net zero goals. If we really are trying to significantly reduce CO2 emissions, we must remain realistic or we have no chance. With fossil fuel demand never higher and only rising, the reality of carbon-based fossil fuels like oil and coal especially makes carbon capture mandatory.  

Indeed, the anti-fossil fuel movement needs too many reality checks to count. Gordon J. Fulks digs deep and looks at the science regarding climate change and the obsession of “reducing CO2 emissions.” We all need to learn and appreciate the Scientific Method as the very foundation of science. Exaggeration, fabrication, and fraud are not science and will not sustain civilization. But we highly doubt that “climate policy to cut CO2” is going away anytime soon. That brings us to our Essential Reading this week from the Oxford Institute for Energy Studies. The group offers up 10 key areas where the oil and gas industry could help meet climate goals while also supplying the critical energy that the world will continue to need. Lest we forget that oil and gas meet 65% of America’s energy needs. 

Essential Reading

Where Green Is Red: How the Environmental Agenda is Making America Dependent on China

Power The Future

The “green energy” obsession being pushed by the Biden administration and others (e.g., politicians and environmental groups) will increasingly make the U.S. more dependent on China for the raw materials inherent to this green dream: seemingly endless amounts of wind, solar, electric cars, and batteries. These technologies require huge amounts of critical minerals, rare earth elements, and a variety of other things that must be extracted from the ground. China either produces the bulk of those or controls the supply chains to get those products to global markets.

In the News

Climate: Life and Death in America’s Hottest City

Carolyn Kormann, The New Yorker

Terrence Keeley: The Saga of ESG Investing

America Trends Podcast

Elites Directing the Energy Transition Have No Idea

Francis Menton, Manhattan Contrarian

The Demand Problem for Electric Cars

Our Braintrust, RealClearEnergy

De-Dollarization Won't Happen Anytime Soon

George Glover, Yahoo Finance

There’s No Need to Fear Switching to an Electric Car

The Guardian

How Climate Change Helped Fuel Hurricane Idalia

CNN

What Proxy Votes Show About How Dead ESG Is

Emile Hallez, Investment News

Oil Major Big Winner of Biden’s Climate Funding

Tsvetana Paraskova, Oil Price

I Left Out the Truth to Publish My Climate Paper

Patrick T. Brown, The Free Press

Canada Climate Talks Can Warm China Ties

Editorial, SCMP

Why Rich Nations Must Pour Climate Funds Into Africa

Graca Machel, The Guardian

Fragile Africa: Greatest Climate Casualties

Jihad Azour, Abebe Aemro Selassie, IMF

Carbon Capture Can Enable Realistic Path to Net Zero Emissions

Hugh Daigle, RealClearEnergy

Proof That the Electrify Everything Push Is a Regressive Tax

Robert Bryce

Multimedia

Concerns About U.S. Power Grid's Durability Against Climate Change

CBS

Experts are warning extreme weather and climate change is making America's aging energy grid more vulnerable. Sayanti Mukherjee, assistant professor of industrial and systems enginee...

Energy From The Moon?

RealClearEnergy

NASA says that rare earth elements needed for electric vehicles and a helium isotope that could produce safe nuclear energy can be found on the moon. But the laws governing moon mini...

How the Saudi Oil Output Cut Impacts Markets

Bloomberg Television

Saudi Arabia prolonged its unilateral oil production cut by another three months. Julia Fanzeres has more on what this could mean for markets on "Bloomberg Markets: The Close."

The EU Bought 52% of ALL LNG Russia Sold in 2023

GBNews

'Can you believe it!... The Russia conspiracy claimed that Brexit and Trump happened because of Russia when all the while long the EU were and still are funding Russia.'

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