Energy Realism this past week focused on the fool’s gold of electric vehicles (EVs) and intermittent renewable energy. Robert Bryce starts us off by bringing a reality check that many Americans apparently really need: EVs already lost the transportation race a long time ago to oil and its incredibly powerful derivative, gasoline. EVs were almost 40% of the U.S. vehicle fleet in 1900, and that is now down to below 1%, despite years of huge subsidies to encourage or even force their purchase. And if we really are trying to reduce our greenhouse gas emissions, non-carbon nuclear energy is the forgotten climate solution. Geoffrey Pohanka explains why nuclear is far more reliable than weather-dependent wind and solar power, where their natural intermittency makes them more “supplemental” than “alternative.” The political favoritism for EVs and renewable energy systems is not how any American system is supposed to work. Michael Busler reminds us that it is competition that presents the best outcomes for consumers with lower prices, higher quality, and more innovation. For energy, critical voices are starting to urge federal officials to make competitive markets a priority. All Americans stand to reap the rewards. Essential Reading McMonigle et al., International Energy Forum, Boston Consulting Group COVID-19 led to less global oil and gas demand and thus lower upstream investment to bring on more supply. But since consumption is expected to rebound, the present analysis finds that industry investment will have to rise over the next three years by at least 25% yearly from 2020 levels to stave off a crisis by 2030. In the News Judith Curry, Climate Etc. William Allison, Energy In Depth Luke McGee, CNN Jake Zuckerman, WTOL11 Wu Yunong, China Dialogue David Sherfinski, Reuters Jared Aarons, 10 News San Diego Michael Tobin, Bloomberg Roger Pielke, Jr., Justin Ritchie, Issues in Science & Technology Bloomberg Kelly Sadler, The Washington Times Irina Slav, Oil Price Zack Colman, Politico Alex Kimani, Oil Price Paul Griffin, Energy Fairness France 24 English Chancellor Angela #Merkel and President Joe #Biden hold #talks at the White House on Thursday that experts say are unlikely to yield major breakthroughs on divisive issues like a Rus... CNBC International TV Former U.S. Energy Secretary Dan Brouillette says although oil prices could hit $100 a barrel or higher, it is also equally possible to see prices collapse if there's no agreement on... WealthTrack When legendary value investor Jeremy Grantham turned 80 he made two resolutions: “to be prepared to write a cheque up to the limits of your ability”, and to “say what you think you s... PowerfulJRE Joe Rogan talks with Adam Curry on ESG and woke companies. |