Energy Realism over the Thanksgiving week touched on the world’s most vital source of energy: oil. After all, “black gold” still meets 33% of all energy demand and quietly lacks a material substitute. Robert Bryce hits on the driving force of “more oil:” the internal combustion engine. For over a century, the ICE has dominated the transportation sector because it meets consumers’ needs on the critical issues of cost and convenience. While it is true that electric cars will continue to gain market share in the years ahead, paraphrasing Mark Twain, the claims about the death of the ICE have been greatly exaggerated. Jude Clemente follows and also argues that the oil age will do anything but go “gentle into that good night.” The truth is that oil’s statistical dominance is so overwhelming that it could take decades for still insignificant substitutes to cause a dent. The power of oil is best seen in heavy trucking and aviation, for which alternatives today are clearly impractical. Realism would also like to highlight a foundational oil report from Harvard University regarding the U.S. shale revolution itself, taking flight back in 2008. This is sure to give readers some needed context in just how unique our shale opportunity really is. We would be foolish to waste it. In addition to America’s vast shale oil reserves, additional factors that have allowed the U.S. to reach once unimaginable levels of oil production seem impossible for others to achieve. In the News Rebecca Beitsch, The Hill Oliver Milman, The Guardian James Clad, RealClearEnergy Declan Harty, S&P Global Alex Kimani, Oil Price Joe Nocera, Bloomberg Bloomberg Andrew Ramonas, Bloomberg Law Tom Payne, The Daily Mail Whitaker B. Irvin, Jr., RealClearEnergy DW News Proponents of the Nord Stream 2 gas pipeline between Germany and Russia hope US President-elect Joe Biden will make life easier for them. But they could be mistaken. The US opposes t... The Fast Lane Car Here are the top 5 of the most anticipated electric vehicles that are coming out in 2021. |