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8/27/2024

Energy Realism last week looked at just some of the many problems that need solved in order to bring more wind and solar into our energy complex. The fact remains: we will need all resources to meet rising demand. 

Norman Rogers got us started last week: cost comparisons between fossil fuels and nuclear versus renewables are NOT based in physical reality. They simply don’t offer the same services.  We are often told that wind and solar, if not cheaper, are at least cost competitive with fossil fuels and nuclear. Dead wrong! Wind or solar costs around five times more per megawatt hour compared to, for example, natural gas. We are told that wind and solar will save us from a climate catastrophe. If there is a looming climate catastrophe, the only thing that will save us is nuclear power, our most reliable resource. And as Rich Nolan wisely points out, this obsession with more expensive and intermittent renewables is a really big problem: our electricity demand will continue to surge. In reality, we’re going to need every tool at our disposable to meet rising power needs. And while that will surely include more wind and solar where they make economic sense, Heather Reams confirms just how much permitting reform we’re going to need. This is a requirement not just to carve out new transmission builds for renewables to connect to the grid, but also to mine the critical materials that they are comprised of. If we want any chance at “green energy,” it’s time to make it much, much easier to dig here at home. 

In the News

Climate Deniers of the World, Unite!

Tilak Doshi, Daily Sceptic

We Must Embrace Natural Gas

ZeroHedge, Oil Price

Elon Musk Is Wrong About Climate Change

Jameson Dow, Electrek

Climate Experts on the Musk-Trump Interview

Oliver Milman, The Guardian

PJM Capacity Prices Hit Record Highs

Ethan Howland, Utility Dive

Two Years In, It's Clear IRA Made Inflation Worse

Diana Furchtgott-Roth, Daily Caller

Wakeup Call for Our Largest Power Market

The Empowerment Alliance

Climate Activists View Harris as Their Champion

Kevin Killough, Just the News

Kamala America?

Robert Bryce

Is EV Charging Cheaper Than Gasoline?

Collins & Becker, CNET

Over Half of Car Sales in China Are Now EVs

William Gavin, Quartz

Why Trump Must Actually Back EVs

Oliver Milman, The Guardian

Never Mind Trump’s Rhetoric — He’s Still Gunning for EVs

Bikales & Siegel, Politico

Ford EV Drivers Can Charge for Free in Texas

Carla Westerheide, Electrive

EV Fires Hit Customer View of Safety

Douglas McIntyre, Climate Crisis 247

Multimedia

Skylar Capital CEO Talks Natural Gas Prices Popping

CNBC Television

Bill Perkins, Skylar Capital Management CEO, joins  'Closing Bell Overtime' to talk energy prices.

Goldman: Risks for Oil Are Skewed to the Downside

CNBC Television

Daan Struyven, Goldman Sachs head of oil research, joins 'Squawk Box' to discuss the energy market volatility, impact of geopolitical tensions on the energy sector,

The 2024 Global Oil Crisis

Capital.com

Explore the shifting global order and its impact on the oil market. Rising tensions and new alliances place oil at the center of geopolitical changes. Russian oil cutoffs and OPEC’s ...

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