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12/1/2020

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

Biden Names John Kerry as His 'Climate Czar'

Rebecca Beitsch, The Hill

A Youth Group Warns Biden on Climate

Oliver Milman, The Guardian

The New Industrial Age Means Getting Serious About Critical Materials Supply

James Clad, RealClearEnergy

Managers Rebuke Labor Department's Proxy Proposal

Declan Harty, S&P Global

Oil Majors Paying the Price for Investing in Renewables

Alex Kimani, Oil Price

Clayton’s Exit at SEC Opens Door to Protect Investors

Joe Nocera, Bloomberg

BlackRock’s Fink Calls on Investors to Embrace ESG

Bloomberg

Biden SEC Likely to Push More Climate, Diversity Disclosures

Andrew Ramonas, Bloomberg Law

1 in 3 Cannot Afford Even the Cheapest Electric Car

Tom Payne, The Daily Mail

Step Aside, Green Hydrogen, There’s a New, Cleaner Color in Town

Whitaker B. Irvin, Jr., RealClearEnergy

Multimedia

Joe Biden Opposes Russian-German Nord Stream 2 Pipeline

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 Top 5 Electric Cars We're Looking Forward to Driving in 2021

The Fast Lane Car

Here are the top 5 of the most anticipated electric vehicles that are coming out in 2021.

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