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 Eden Villalovas, Washington Examiner Akiko Fujita, Yahoo Finance Francis Menton, Manhattan Contrarian Aadil Brar, Newsweek Reuters, Times of India Sam Stebbins, Climate Crisis 247 Stephen Armstrong, Wired Yahoo News Chicago's Morning Answer Financial Sense Russell Gold, Texas Monthly Justin Bis, Washington Examiner Robert Bryce Ben Geman, Axios Charles Kennedy, Oil Price NBC The Dow Jones Industrial Average lost 524.63 points, or 1.35%, for its worst session since March 2023 on a percentage basis. 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. 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... |