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12/5/2023

Energy Realism this past week discussed fake climate solutions and why supporting private enterprise is the real path forward. 

David Holt got us started last week: Biden’s green energy obsession undeniably means higher cost and less reliable energy. Ask Germany; Ask California. Data is always handy for measuring where things are and will be, and the federal government’s energy statistics are painting an ugly picture of the present and future when it comes the loud push to electrify all of our useful, well-functioning appliances. The sad part is the policies behind those misguided efforts are already costing Americans and forcing those in poverty or on fixed incomes to make choices between heating their homes or having enough food in the coming winter. In fact, the administration’s own plan to use more electricity to “fight climate change” is being blocked by its own climate

obsession of wind and solar. Paul Steidler looks at the U.S. power grid and why we need to be much more vigilant against cybersecurity threats. Therefore, it makes more sense than ever before for utilities and transmission operators to aggressively fortify their cyber defenses. Failure to do so is a classic case of being penny wise and pound foolish. 

Indeed, Public-Private partnerships in all things energy are becoming increasingly essential to our national security. Richard Voorberg stands up for industry when it comes to “fighting climate change.” While the Biden administration seems obsessed with regulations, our great firms are surely already doing their part. The fixation on climate litigation, for instance, can only backfire and ultimately could prove catastrophic. Gil Gutknecht examines the disaster unfolding in Minnesota, where trial lawyers suing our energy companies seemingly just want to make American energy policy. Make no mistake: if the U. S. Supreme Court allows Minnesota to settle this public nuisance case on its own, it will create a nationwide domino effect with energy providers getting sued for “causing” climate change. 

Also following under our expansive Corporate Governance spectrum, this brings us to our Essential Reading from the great Donna LaFramboise. The Internet is increasingly being dominated by a few corporations: from Apple to Amazon to YouTube to Facebook to Google, “Big Tech” is broadening its reach. Governments around the world better catch-up quickly or continue to face undermining authority that threatens national security and the fundamental rights of citizens. 

In the News

Critics of Texas Laws Fighting Energy and Firearms Discrimination Are Missing the Full Context

Brent Bennett, Jason Isaac, RealClearEnergy

One Year After the Laser Fusion Energy Breakthrough: What Comes Next?

Edward Moses, RealClearEnergy

The West Is Turning Away From COP28’s Green Agenda

Joel Kotkin, UnHerd

Gasoline Prices Fall for 60 Straight Days

Chunzi Xu, Yahoo Finance

25 Countries That Produce the Most Natural Gas

Sana Ijaz, Yahoo Finance

Hyundai Doubles Down on Hybrids and EVs

Miguel Cortina, Motor Trend

The Power Grid: Bone-Chilling

Robert Bryce

Don’t Let Trial Lawyers Create Radical American Energy Policy

Gil Gutknecht, RealClearEnergy

U.S. Oil and Gas Production Breaking Records

Oliver Milman, The Guardian

Over 20% of Russian LNG Sold Through EU Ports

Ukrainska Pravda, Yahoo News

COP28: Future of Fossil Fuels Take Center Stage

Valerie Volcovici, Reuters

Flashback: 41 Inconvenient Truths on the Energy Transition

Mark P. Mills, FEE Stories

10 Steps to a Faster Energy Transition

Rystad Energy, Oil Price

Mazda CEO: Teslas the Only EVs Taking Off in America

Tom Carter, Business Insider

Again, California Cuts Payments for Rooftop Solar

Ben Christopher, Julie Cart, CalMatters

Multimedia

Michael Shellenberger: Greta Thunberg’s Climate Crusade Is Losing

The Telegraph

Michael Shellenberger is an environmentalist, author, and advocate for pragmatic solutions to climate change. He joins Steven Edginton to talk about the ‘religion’ of climate change ...

EVs Will Play Big Role in Next Election

Autoline Network

Autoline reports breaking global car news, with great insight and analysis. Also, top auto executive interviews. We cover electric vehicles (EV), autonomous vechicles (AV) and intern...

Will Crude Oil Prices Rise?

Schwab Network

Oil has fallen precipitously from its September highs, says David Williams, which puts pressure on Saudi Arabia to keep prices high. However, production is still high, so OPEC+ will ...

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