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 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 Carolyn Kormann, The New Yorker America Trends Podcast Francis Menton, Manhattan Contrarian Our Braintrust, RealClearEnergy George Glover, Yahoo Finance The Guardian CNN Emile Hallez, Investment News Tsvetana Paraskova, Oil Price Patrick T. Brown, The Free Press Editorial, SCMP Graca Machel, The Guardian Jihad Azour, Abebe Aemro Selassie, IMF Hugh Daigle, RealClearEnergy Robert Bryce 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... 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... 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." 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.' |