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6/4/2024

Energy Realism hit on climate panic, shareholder activism, and the obvious value of natural gas. No kidding: gas easily leads and generates nearly 45% of U.S. electricity. 

Terrence Keeley got us started last week: the hysterical Laurel Collins – a New Democratic Party member of the Canadian House of Commons – has an odd habit of bringing her genitals into public policy debates. She felt so compelled on multiple occasions in response to testimony TK responsibly delivered to Canada’s Standing Committee on the Environment and Sustainable Development in Ottawa last week. Thank you, MP Collins, for vibrantly illustrating his point on hysterics. Tim Doyle & Robert Eccles chuckle and agree. A recent dispute between ExxonMobil and Arjuna Capital, a small impact investor, has received national attention. What started out as a simple dispute has morphed into a legal battle after Exxon decided to continue a lawsuit even after the activist investors withdrew their controversial proposal from consideration. This is a risky move for the company in terms of its already challenged reputation.

Suing Exxon? Tristan Abbey argues that we should actually be thanking Exxon: it is a major producer of the clean and domestic natural gas that is rapidly becoming, and will remain, our go-to fuel. Witness the debacle over LNG exports, wherein the White House, by “pausing” most new approvals, has catapulted the energy security of key U.S. allies straight into the buzzsaw of its climate ambitions. In fact, it is natural gas that, in the marketplace, will continue, and increasingly so, backup naturally intermittent wind and solar power. Indeed, Iddo Wernick details a reality check for greens when it comes to batteries and their faculty to do the job when it comes to supporting renewables. The fact that batteries are increasingly critical to the energy system of the future is treated as a given. The truth, however, is destined to be something much different.

In the News

New EPA Rule May Make Things Worse

Basav Sen, Truthout

The Many Problems With Batteries

Iddo Wernick, RealClearEnergy

California Wants To Mandate Electric Trains That Don’t Exist

Kevin Killough, Just the News

Biden and EV Dream: Shanghaied

Robert Bryce

Will the U.S. Follow France or Germany on Nuclear Energy?

Duggan Flanakin, RealClearEnergy

When Both the SEC and Congress Fail to Act, Seeking a Judicial Remedy Is Inevitable

Timothy M. Doyle, Robert G. Eccles, RealClearEnergy

The Womb of Climate Hysteria

Terrence Keeley, RealClearEnergy

Business Roundtable Does a 180 on Stakeholder Capitalism in ExxonMobil Lawsuit

Brent Bennett, RealClearEnergy

As Costs Fall, Battery Storage Is Surging

Greg Brophy, RealClearEnergy

GM Aims to Win the EV Race By 'Flooding the Zone'

Rob Stumpf, Inside EVs

For a Green Transition, Decommodify Electricity

Matt Huber, Jacobin

Power of Climate Movement? Admit Our Powerlessness.

Rupert Read, DeSmog

Global Warming Price Tag Hits $215 Trillion

Douglas McIntyre, Climate Crisis 247

Diverse Voices Agree: Treasury Regulations Could Jeopardize the Hydrogen Economy

Kendall Stephenson, RealClearEnergy

Youth Climate Lawsuit Targets Alaska LNG Project

Clark Mindock, Reuters

Multimedia

Oil Outlook: Analyst Talks Price Factors and Demand

Yahoo Finance

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage you...

U.S. Chamber of Commerce: Exxon Had to Go to Court

CNBC Television

Tom Quaadman, U.S. Chamber of Commerce EVP for capital markets competitiveness, joins 'Squawk Box' to discuss news of CalPERS voting against Exxon Mobil at the company's annual meeti...

Biden Ripped on Lack of Progress on EV Charging

Fox News

The 'Fox & Friends' co-hosts discussed why the Biden administration is facing scrutiny for slow EV charger production.

Will Natural Gas Price Rise Continue Through Summer?

Capital.com

Following a 34% rally over the last month, U.S. natural gas prices are trending lower on Wednesday, reversing Tuesday’s gains following the first rally since last week’s price reversal.

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