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8/13/2024

Energy Realism last week looked at just how expensive climate dreams really are when it comes to deciding which energy policies to enact. 

David Holt got us started last week: Unfortunately, we were worried that many of the predictions we’ve made over the past three years would come to pass, and they have, with prices rising higher and energy becoming less reliable. This predictably sad state of affairs first strikes those among us least able to withstand the blow, meaning our senior citizens, our fellow Americans in poverty or with low incomes. The expensive EV obsession is particularly worrisome. Michael McAdams argues that our transportation market must remain focused on all-of-the-above. To meet our ambitious climate goals, we must develop an inclusive strategy that incorporates low-carbon advanced biofuels to complement the electrification market and extend the reach of low-carbon transit. Duggan Flanakin agrees. Two months into his Presidency, Joe Biden announced a $2 trillion infrastructure plan that included $174 billion in grants, subsidies, and other payouts to encourage Americans to switch to battery-electric vehicles. Since that initial “investment,” billions and billions more have been poured into what is increasingly a failing effort to convince or cajole auto buyers to switch. These huge expenditures, together with COVID and war monies, have ballooned the national debt to the point that 76% of income taxes are needed just to pay interest on that debt. 

In the News

Kamala and What Has Been Burdens What Can Be

The Empowerment Alliance

The Real Kamala Harris

Newt Gingrich, RCWire

Warning Signs of Recession Terrible News for Kamala

Larry Elliott, The Guardian

The Kamala Harris Stock Market Crash

Ben Shapiro, Daily Wire

Neil Atkinson: Peak Oil by 2030? The IEA Needs a Reality Check.

Neil Atkinson, RealClearEnergy

New Orleans and Investing in Our Electric Grid

Casey DeMoss, RealClearEnergy

American Air Conditioning Costs Soar

Douglas McIntyre, Climate Crisis 247

The Silver Lining in 10 Energy Predictions I’ve Made I Wish I’d Been Wrong About

David Holt, RealClearEnergy

The Future of American Cities

Ras J. Baraka, RCWire

Coming Clean on Clean Energy: It’s a Dirty Business

Kristen Walker, RealClearEnergy

Your EV Could Already Be Outdated

Tomer Hadar, YNet

Driving Sustainable Travel and EV Adoption

Maya Derrick, Energy Digital

Nissan and Honda to Roll Out New EV By 2030

Kana Inagaki, David Keohane, FT

We Need an All-of-the-Above Approach to America’s Automobiles

Michael McAdams, RealClearEnergy

Shifting Gears: The EPA’s Emissions Rule and the Legal Battle Over Vehicle Choices

Mike Roman, RealClearEnergy

Multimedia

Nobody Is Making Money on Oil

CNBC International

Amrita Sen, founder of Energy Aspects, discusses the outlook for crude as oil prices hovered at eight-month lows amid U.S. recession fears.

Why Isn’t the Climate Movement Voting?

TED

Millions of people say they care deeply about climate change ... yet they're not showing up at elections to turn their concern into political power, says environmental voting advocat...

Chevron CEO on Moving to Houston, Oil Prices, Earnings

Bloomberg Television

Chevron CEO Mike Wirth talks to Bloomberg's Alix Steel about moving the company headquarters from California to Houston, it's latest round of earnings, oil prices and the dispute wit...

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