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10/5/2021

Energy Realism this past week focused on the self-inflicted UK fuel crisis and why our climate experts should not be the untouchables that many have made them out to be. 

Senior Fellow Rupert Darwall kicks us off by examining the wind obsession in the UK: a green nightmare now causing a fuel crisis across the country. Simply put, this is a harbinger of things to come for those that ignore the obvious limitations of weather-dependent energy. President Biden though wants to inflict on us the exact same policies that have proven so destructive. Suzanne Walker gives a heart-wrenching personal account of how Biden’s cancelation of the Keystone XL oil pipeline hurt her family. Energy fantasies cost Suzanne her job and the ability to support her children.

Daniel Turner explains how Biden’s energy-climate plan of blocking domestic oil production now has us, inexplicably, begging OPEC and Russia to produce more. Think about that, with rising gasoline prices, instead of turning more to our own leading oil-producing machine, we are asking a 13-member cartel and Vladimir Putin to bail us out. This is how bad things have gotten so quickly. Indeed, as Jude Clemente points out, there is a moral benefit of U.S. fracking that opponents just ignore. 

And why are we basing so much of our energy-climate agenda on experts that have been proven wrong time and time again? Gordon J. Fulks argues that a gaggle of experts chosen by someone with political motives certainly has no monopoly on the truth. The experts keep telling us, for instance, that renewable natural gas should be a green focus. Jane Marsh knows this is bad advice: biogas incentives encourage waste production, something we should, pretty obviously, be trying to avoid. 

Essential Reading

The Energy Transition: Key challenges for Incumbent and New Players in the Global Energy System

James Henderson, Anupama Sen, The Oxford Institute for Energy Studies

The ongoing global energy transition to decarbonization offers up new opportunities for both companies and countries. This energy path will focus on displacing fossil fuels with renewable energy but there is no “one-size-fits-all” approach. The required transformation presents the challenge of our time and will require a total rethink of the energy systems that power our economies.

In the News

Biden’s Energy Price Shock

The Editorial Board, The Wall Street Journal

BlackRock’s Larry Fink Says Big Companies Shouldn’t Be the Only ‘Climate Police’ in the World

Weizhen Tan, CNBC

It Looks Like America's Energy Future Is Still Going to Be a Gas

Vince Bielski, RealClearInvestigations

Home Heating Sticker Shock: The Cost of Natural Gas Is Up 180%

Matt Egan, CNN

Tesla Sues for Defamation Over Social Media Posts

Steve DaSilva, Jalopnik

If You Think Solar Panels Are the Ultimate in Clean, Green Tech, Think Again

Brian Cooley, CNET

Ford Just Went All-In on EVs. It Will Have a Megacampus to Compete With Tesla’s Gigafactories.

Al Root, Barron's

Ford CEO Farley Calls for Making EVs More Affordable, Bringing Mining Back to U.S.

Oralandar Brand-Williams, The Detroit News

UK Could Ask Soldiers to Deliver Fuel as Service Stations Run Dry

Charles Riley, CNN

Baker Hughes’ CEO Warns of Three Hard Truths About the Energy Transition

Irina Slav, Oil Price

Mandatory Climate Disclosure and the Law

Bernard Sharfman, RealClearMarkets

Why Are We Facing an Energy Crisis When We're Sitting on a Gold Mine?

Alex Brummer, Daily Mail

Call a 'Methane Fee' What It Is: A Tax That'll Sock Anyone Who Uses Natural Gas

Eric Knott, AZ Central

Energy Crisis Puts World’s Most Ambitious Climate Plan to Test

Ewa Krukowska, Bloomberg

Funds Demand Science-Based Emissions Targets From 1,600 Firms

Simon Jessop, Reuters

Multimedia

Why Have Climate Change Predictions Been So WRONG?

Simon Clark

In this video I wanted to address a common talking point - why have climate change predictions been so wrong? Year after year predictions are made that have no basis in reality, so w...

ESG: The New Board Risk

The Conference Board

Recent years have seen a surge in interest in environmental, social, and governance (ESG) issues. Topics such as climate change, workforce diversity and inclusion, and political spen...

Michael Burry Attacks ESG. Again. Calls Environmental Policies Inflationary.

FINANCE MARK: Bull Bear Finance

This video discusses recent comments from Michael Burry on ESG investing, especially environmental policies. He has claimed that they are inflationary and referred to a Wall Street J...

Jimmy Kimmel & Fellow Late Night Shows Team Up for a Climate Change Intervention

Jimmy Kimmel Live

We teamed up with all the other late night shows to address climate change and the apocalypse that will follow if we continue to do nothing about it.

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