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2/20/2024

Energy Realism this past week confirmed obvious energy mistakes being made by the Biden administration. Thankfully, on hydrogen, however, we are finding common ground. 

Duggan Flanakin got us started: when it comes to the electric car fantasy, we should listen to the great Mr. Bean. The real Mr. Atkinson, like the decision makers at Toyota, is espousing commonsense wisdom such as “don’t put all of your eggs in one basket.” Extending the lifespan of existing vehicles, even with currently high-cost hydrogen or synthetic fuels, is far better for the environment than junking them for electric vehicles that require diesel fuel to power charging stations. Indeed, the same applies for the wind and solar dream, where, somehow to greens, more of them mean less fossil fuels. Patrice Douglas gives us the pause on LNG exports mistake being made by the Biden administration. This rash decision will jeopardize our international relationships, harm the prosperity of American workers, and drives prices up for consumers. The “energy transition” should really be seen as an “energy expansion,” where there is surely room for other resources. Jonah Erlebacher looks at hydrogen, coming from both fossil fuels and renewables. Wisely, the administration has not preemptively picked a winner in the competition to produce tomorrow’s clean hydrogen supply. Keeping an open mind about the source of hydrogen should promote innovation. There are huge unexplored opportunities to find or make hydrogen that remain out of the mainstream – for now. 

In the News

North Carolina Looks to Small Nuclear Reactors

Eden Villalovas, Washington Examiner

Chevy Finalizes Equinox EV Price Starting at $34,995

Akiko Fujita, Yahoo Finance

Trial of Mann v. Steyn, Part V

Francis Menton, Manhattan Contrarian

EV Juggernaut China Leads in New Coal Power Plants

Aadil Brar, Newsweek

Kerry: Trump Can't Stop Green Revolution

Reuters, Times of India

Donald Trump’s Carbon Footprint

Sam Stebbins, Climate Crisis 247

Climate Finance Is Targeting the Wrong Industries

Stephen Armstrong, Wired

IEA Sees Nuclear Power Making 'Strong Comeback'

Yahoo News

Rupert Darwell on “The Folly of Climate Leadership”

Chicago's Morning Answer

Robert Bryce on Power, Politics, Grid

Financial Sense

The Oil Industry Keeps Getting Younger

Russell Gold, Texas Monthly

Voodoo Economics: The Next Frontier of ESG

Justin Bis, Washington Examiner

The Deindustrialization of Europe in Five Charts

Robert Bryce

What We've Learned About Biden's LNG Pause

Ben Geman, Axios

Texas Was Warned of $12B Cost of Grid Reliability Policy

Charles Kennedy, Oil Price

Multimedia

Dow Plummets on Bad Inflation News

NBC

The Dow Jones Industrial Average lost 524.63 points, or 1.35%, for its worst session since March 2023 on a percentage basis.  

I Wasn't Worried About Climate Change. Now I Am.

Sabine Hossenfelder

In this video I explain what climate sensitivity is and why it is important. Climate sensitivity is a number that roughly speaking tells us how fast climate change will get worse.

Crude Oil Strength Continues

Schwab Network

OPEC sticks to its 2024 oil demand outlook. Bill Baruch discusses crude oil as its strength continues. He talks about how OPEC January output fell 350,000 BPD after OPEC+ cuts. He th...

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