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8/24/2021

Energy Realism this past week focused on President Biden’s misguided energy-climate plans that will likely benefit China the most. 

Duggan Flanakin reports what should be obvious: electric cars are not the “climate solution” that advocates claim. The mad rush to force the drivers of the 280 million internal combustion engine U.S. light-duty vehicles into electric vehicles within the next few decades requires massive subsidies. Not just bad public policy, it would do very little to “combat climate change.” China produces about half of the world’s electric cars and hoards its outsized share of the “rare earths” needed for their manufacturing. Indeed, Kevin Mooney argues that it is actually China that stands to benefit from the green energy mandates in the $1.2 trillion infrastructure bill the U.S. Senate recently approved. All the while, American energy consumers can expect to face higher costs associated with a carbon border tax that will reportedly be folded into the upcoming, budget busting, and partisan $3.5 trillion reconciliation package.

While President Biden’s “green energy” agenda may demand that wind power displaces coal, Geoffrey Pohanka realizes that might not be as easy as claimed. The wind is naturally intermittent, usually unavailable to generate the electricity integral to the American way of life. Adam Brandon believes that the wind obsession is part of a wider misguided energy program from the Biden administration that continues to put the U.S. and Americans last. Not just being forced to beg OPEC for more oil, while blocking production here at home, the administration’s higher cost energy plan is wreaking havoc across the country. Most tragically, food prices have been soaring to hurt our most vulnerable most.

In the News

EV Emissions Tests a Victory for Tenn Taxpayers

Jon Styf, The Center Square

Invest in the Best and Divest From the Rest

Cody Ciona, Financial Post

Emissions Shows Big Gap Between Reality, Reporting

Terry Slavin, Reuters

Blackrock Flexes Its Muscles During the 2020-21 Proxy Period

Cydney Posner, HLSFCG

Engine No. 1 Is All Talk, No Strategy With Exxon Mobil

MarketWatch

Despite the Hype, Electric Cars No Easy Fix for Climate

Hiawatha Bray, Boston Globe

Bill Gates Pledges $1.5B to Climate Projects in the Infrastructure Bill

Ramishah Maruf, CNN

US Probing Autopilot Problems on 765,000 Tesla Vehicles

Tom Krisher, AP

The Woke Exchange

Andrew Stuttaford, National Review

Climate Change Becomes Key Theme in Q2 Corporate Earning Calls

Hope King, Axios

Vivek Ramaswamy's Fox News Special Explores Scam of the Century: 'Woke Capitalism'

Brian Flood, Fox News

Dan Crenshaw Criticizes Biden's Push for OPEC to Up Output

CBS DFW

California Legislation Takes Aim at the Climate Crisis

Victoria Rome, NRDC

Cheap Natural Gas Is a Thing of the Past

Alex Kimani, Oil Price

Infrastructure Bill Implements Green New Deal Via Corporate Welfare

David Blackmon, Forbes

Multimedia

Electric Cars Are Terrible and Not Sustainable at All

Alan Fisher

Electric cars are simply not sustainable, regardless of what their advocates claim. 

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