Energy Realism this past week focused on how U.S. climate policy is sure to benefit China as well as the misguided attack on “Big Oil.” Senior Fellow Rupert Darwall knows that the Covid-19 story is intrinsically linked to the climate change agenda: the lockdowns are a test-run for how far the greens can go with their climate policies. Contrary to their public image, climate scientists are not models of scientific objectivity and truth-telling, free from the taint of bias and uncontaminated by politics or ideology. The Chinese, of course, realize this and are primed to capitalize on our green dreams. While there should be room for debate on climate change, Steve Milloy reports that there is one thing on which we should all agree: Joe Biden’s climate plan will put America at the mercy of its superpower rival, China. The mega-rich will also benefit. J.D. Hayworth discusses the absurdity of the electric car scam. Now, Elon Musk wants a carbon tax to give him even more billions. The carbon tax suffers from the fatal flaw of being unworkable in the real world. Guy Caruso wisely opposes the unrealistic new push from the International Energy Agency to stop upstream oil, gas, and coal investments. These conditions will be exceedingly difficult to meet, especially given the state of current energy affairs. It is just another example of the short-sighted movement against “Big Oil” in the name of “fighting climate change.” For example, Pieter Cleppe explains why the court ruling against Royal Dutch Shell is utterly wrong. Such an attack on a free-market international major will only work to benefit OPEC, Russia, and China. Simply put, we need more oil because it supplies over 35% of the energy that we use and has no material substitute whatsoever. Indeed, Mike Sommers argues that the anti-oil policies coming from the Biden administration are already having a devastating impact. Surging energy and commodity prices hurt low-income Americans the most, the very same people that the administration purports that it is trying to help. In the News Justine Calma, The Verge Erik Anderson, KPBS Jesse Pound, CNBC Helen Raleigh, National Review Dmitry Zhdannikov, Reuters Andrew Stuttaford, National Review Mitchell Clark, The Verge J.W. Verret, The Hill Silvia Pavoni, Financial Times Brian Anderson, 401K Specialist Reuters George Brown, Crain's Cleveland Alexander C. Kaufman, Huffington Post Reuters Katie Tubb, Daniel Kochis, The Heritage Foundation E for Electric Sandy Munro re-examines his views on whether or not Tesla has as much of a lead on its competition now that he took a close look at Tesla's competitors in Ford Mustang Mach-E and VW ... Competitive Enterprise Institute CEI's online discussion featuring Garrett Golding of the Federal Reserve Bank of Dallas, Kathleen Sgamma of the Western Energy Alliance, and CEI Senior Fellow Ben Lieberman. What Bitcoin Did In this interview, I talk to Lyn Alden, a macroeconomist and investment strategist. We discuss new sources of demand for bitcoin, ESG, Tesla, and misconceptions about fossil fuels an... CNBC Television CNBC's Julia Boorstin reports on how many of CNBC's Disruptor 50 companies are ESG-focused. |