Energy Realism this past week focused on net-zero dreams and what can only be classified as some really scary advice from the world’s most vital energy organization. General Michael Hagee and Drew Horn hit on a harsh reality that “green energy” dreamers just ignore: the mining boom required for the critical materials that comprise electric cars and wind and solar technologies. Namely, we need dozens of new projects to make sure that the U.S. has the batteries for the transition to electrification. If not, net-zero carbon will remain even farther out of reach. Robert Bryce though believes that the International Energy Agency’s recent recommendation to simply stop investments in new fossil fuel projects is really its “jump-the-shark” moment. Such extremism – and totally contrary to what the Agency has been telling us for decades – is obviously dangerous because fossil fuels supply over 80% of the world’s energy and are nowhere near replaceable at scale. Indeed, the academics and bureaucrats who create models that claim we can run the global economy solely on renewable energy live in a different world than you and me. In their world, there is no shortage of money, land, or commodities like copper, cobalt, and lithium. Oliver McPherson-Smith also reports on net-zero but suggests that our environmental laws are actually getting in the way of environmental progress. Essential Reading Power the Future The Biden administration’s climate plan to cut U.S. greenhouse gas emissions 50% by 2030 (from 2005 levels) is an unrealistic and highly expensive goal. The benefits reported are obviously inflated because climate change is a global issue: unilateral action cannot be claimed as offering domestic climate benefits. American families and businesses will suffer most. In the News David Blackmon, Forbes Al Barbarino, Law 360 Eve Andrews, Grist Ernest Scheyder, Reuters Helen Thomas, Financial Times Reuters Politico Haley Zaremba, Oil Price Michael McKenna, The Washington Times Ben Zycher, RealClearMarkets William Allison, Energy In Depth The White House Jeff Nesbit, The Conversation Danielle Butcher, Independent Women's Forum Jamie Court, The Mercury News Fox Business Fox News contributors Liz Peek and Steve Moore react to Biden's latest spending plan on 'Kudlow.' Forbes The Biden Administration’s goal of getting rid of oil and natural gas sometime in the future—or even substantially reducing our need—is a crippling pipe dream. Steve Forbes on Biden’... Fox News 'The Ingraham Angle' host blasts the left for their 'mindless COVID fearmongering.' Bloomberg Live The future of sustainable investing: a decisive year for ESG. |