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12/21/2021

Energy Realism this past week focused on the very apparent problem of relying on China-controlled supply chains for more renewables and electric cars. Dear Mr. President: higher cost energy in the name of climate hurts our most vulnerable most. 

Guy Caruso explains why Joe Biden is just Jimmy Carter 2.0. The obvious embrace of high-energy prices to push an environmental agenda means financial burden for working families and long-term devastation for America’s economy. The wind and solar obsession is particularly harmful: while their advocates will never admit it, renewables are provably much higher cost and far less reliable. Perhaps even worse, their material supply chains are dominated by China. Patrick Hynes says that dogmatic leftists have made it clear that they will sacrifice energy security for their idea of required climate policy. As a result, the world might see a Red revolution long before it ever sees a Green one.

China’s firm market grasp also extends to electric vehicles, which have become a rather bizarre climate fixation for the Biden administration. Thomas Madison Jr. realizes that the U.S. needs a complete revamping of its critical materials mining system, or we will continue to suffer under Chinese domination. The “EV boom” has no chance without a robust and domestic supply of the minerals, metals, and batteries required to produce and power them. Duggan Flanakin agrees that climate elites have already elevated China on the world’s stage. On the other hand, or, rather, knee, Biden embarrassingly begs OPEC and Russia to produce more oil and gas while blocking our own production here at home.  

To conclude, we must highlight our Fellow Bernard S. Sharfman’s latest journal article on ESG and non-material mandatory climate change disclosures. Both the SEC and ESG pushers should know that new disclosures would be detrimental to our ability to address the issue of mitigation. 

In the News

White House: Biden Won't 'Focus' on Climate Change as He Surveys Kentucky Tornado Damage

Noami Lin, Washington Examiner

Does the CCP control Extinction Rebellion?

David Rose, UnHerd

European Gas Prices Rise After German Concerns Over Nord Stream 2

Chazan et al., FT

Lithium Prices Soar, Turbocharged By Electric-Vehicle Demand and Scant Supply

Amrith Ramkumar, The Wall Street Journal

Activist Investors Call on Exxon to Replace Its CEO

ZeroHedge, Oil Price

U.S. LNG Export Capacity Will Be World’s Largest By End of 2022

EIA

Coal and Fossil Fuel Share of German Electricity Rises in 3Q

DW

Hybrid Vehicles a Better Option Than Full Battery Powered Vehicles

David T. Stevenson, Caesar Rodney Institute

Tesla Sued By More Women Alleging Sexual Harassment at Plant

Dana Hull, Bloomberg Law

ESG Ratings Should Be Viewed as Opinions Only, Experts Say

Sally Hickey, FT Adviser

U.S. Diplomat Urges China to Take on Larger Climate Stance by Halting Use of Coal

Erin Brady, Newsweek

Biden Halts Federal Aid to Coal, Oil, Gas Projects Overseas

Mining Weekly

Where Will the Oil Industry Spend Its Money in 2022?

Tsvetana Paraskova, Oil Price

Norah O’Donnell Opens CBS Evening News With ‘Staggering’ Inflation Fact: Raises Being ‘Wiped Out’ By ‘Skyrocketing Costs’

Caleb Howe, Mediaite.com

Natural Gas: LNG Market to Stay in a Healthy State Through 2022

FXS

Multimedia

Global Upstream Oil/Gas Faces Growing Uncertainty Due to Energy Transition

Energi Media

Markham interviews Fraser McKay, head of upstream oil and gas analysis for Wood Mackenzie. 

Jim Cramer Weighs in on Sen. Warren, Elon Musk Twitter Spat Over Taxes

CNBC Television

Mad Money host Jim Cramer and the 'Squawk on the Street' team discuss a recent Twitter feud between Tesla CEO Elon Musk and Sen. Elizabeth Warren over taxes. 

Omicron Will Have No Impact on Oil Demand: JPMorgan

Bloomberg Markets and Finance

Natasha Kaneva, JPMorgan global head of commodities research and strategy, says the omicron variant will have no impact on oil demand. She actually sees demand growing in many places...

Watch Kamala Harris' Awkward Moment With Electric Car

Fox News

The ‘Outnumbered’ panel reacts to a video of the vice president attempting to charge an electric car and discusses her job performance.

Toyota Announce $1.3B U.S. Battery Factory: Serious About EVs?

The Electric Viking

Toyota announce $1.3B US battery factory: Serious about EV's?

MSCI Global Head of ESG Research Warns Big Tech Could Feel ESG Divestment Pressure

CNBC Television

Linda-Eling Lee, MSCI global head of ESG and climate research, joins 'The Exchange' to discuss what to look for in the future of ESG investing. 

Ingraham: Biden and the Democrats Know What's Coming

Fox News

Ingraham: Biden is preemptively excusing what will likely be a crushing loss for his party in 2022 and 2024.

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