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5/21/2024

Energy Realism hit on the value of supporting natural gas and taking a far more realistic approach on wind, solar, and electric cars. These are growing resources but they simply cannot be the focal point. 

David Williams got us started last week. Electric vehicles (EVs) may be the most subsidized product in America. Federal taxpayers shell out $7,500 every time a new eligible electric vehicle is purchased (usually by wealthy buyers). State and local taxpayers chip in an additional $1,500 for each EV purchase. Then, there’s the tens of billions of dollars “invested” by policymakers into building EV plants. Even these bank-breaking concessions aren’t enough to please the Biden administration. And Gregory D. Wischer gives us the hard truth: Biden’s EV obsession stands to benefit China. His final rules allow electric vehicles with batteries containing minerals produced by entities tied to adversarial countries, including China, to receive the critical minerals tax credit.

Indeed, the race for “clean energy” should not be an unrelenting fixation on wind, solar, and EVs. There are more affordable and reliable options to clean up our energy complex. Chris Barnard argues for more natural gas, namely LNG. The Berkeley Research Group’s Energy and Climate experts conducted a lifecycle emissions analysis of American LNG and other competing fossil fuel energy sources in several countries that receive imports of American LNG. Kim Montie adds a personal touch on how LNG has helped her own community. Thus, our Essential Reading this week must come from the great Mark Mills. Not wind, not solar…it’s natural gas that is the real fuel of the future. Gas this summer is expected to generate nearly 50% of all U.S. electricity.

In the News

Energy Fabulism in One State

D. Dowd Muska, D. Dowd Muska

It's a Climate Election Now

Bill McKibben, The New Yorker

AI & Data Center Load Growth: On-Site Generation

Mark Krebs, Tom Tanton, Master Resource

On Oil & Gas, U.S. Department of the Interior Blindsided the North Slope Borough

Josiah Patkotak, RealClearEnergy

Forget Tariffs: Biden Should Look to Domestic Mining to Thwart Chinese EVs

Rick Whitbeck, RealClearEnergy

Climate Rules to Spike California Gas Prices

Sharon Song, KTVU

Biden’s EV Tariffs Could Inflame a Europe-China Trade War

Hanna Ziady, CNN

China EVs Might Help Save the U.S. Environment

Douglas McIntyre, Climate Crisis 247

Chinese Companies Should Not Benefit From the EV Critical Minerals Tax Credit

Gregory D. Wischer, RealClearEnergy

Regulators at Last Have Oil Price Fixing in Their Sights

Gillian Tett, FT

Climate: Vermont Could Be the First to Bill Oil

Dharna Noor, Mother Jones

New DOE Foundation Should Think Big

David M. Hart, RealClearEnergy

The LNG Industry Has Revived My Community

Kim Montie, RealClearEnergy

We Are Not Prepared to Meet Rising Energy Needs

Kristen Walker, RealClearEnergy

Learning From Japan’s Struggle to Kick Coal

Umair Irfan, Vox

Multimedia

Bill Browder Exposes Putin’s Oil Loopholes

Times Radio

Bill Browder addresses the Treasury Committee.

IEA: Oil Demand Growth Outlook Has Softened

Bloomberg Television

The outlook for global oil demand growth this year continues to soften amid an economic slowdown and mild weather in Europe, the International Energy Agency said. Toril Bosoni, head ...

U.S. Puts 100% Tariff on Chinese-Made EVs

CBC News

The Biden administration has put a 100 per cent tariff on electric vehicles made in China, plus an array of tariffs on other goods. It is expected to inflame relations between the tw...

Ron Johnson Grills Witness About Climate Change

Forbes

At today's Senate Budget Committee hearing, Sen. Ron Johnson (R-WI) questioned witnesses about sea level rising. 

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