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1/25/2022

Energy Realism this past week focused on climate change alarmism and the need for the federal government to respect leasing laws for new oil and gas development. The courts have been following the law and pushing back on the anti-U.S. energy agenda of the Biden administration. 

Gregory Wrightstone & Kip Hansen demonstrate the obvious fear-mongering coming from the World Meteorological Organization. The WMO has chosen to misrepresent disaster data as gathered by one of the most reputable agencies in the world. When looking at the facts, the actual numbers of disasters since proper reporting has been in place show a decline in disasters over the last 20 years, exactly opposite the hyperbolic claims of the WMO. The dangers of such climate alarmism are obvious: it can turn everyday Americans against critical domestic oil and gas development, two resources that meet 70% of America’s daily energy requirement. David Holt reports on the need for the Biden administration to stick to the Interior Department’s five-year plan for offshore. At a time of record inflation and sky-high energy costs, it is absolutely essential that the administration show its energy and environmental leadership by moving forward with this energy plan.  

Along those same lines, Kaitlyn Schiraldi stands up for those simply trying to drill on federal land using completely legal leases that were already obtained. Native Americans, of all people, likely recognize the injustice involved when the government breaks its word by reneging on an agreement or a contract. But, we already know all about false promises coming from the Biden administration. Kevin Mooney notes how Joe Biden began his train wreck of a presidency a year ago by putting America last and never looked back. Biden incessantly points to climate change as a rationale for canceling domestic energy initiatives like the Keystone XL oil pipeline that clearly benefit average Americans. His arguments, however, do not hold up under scrutiny – as energy prices continue to soar.

Indeed, devastatingly so, the Energy-Climate discussion is being dominated by “probably well-meaning but mostly uninformed” journalists and politicians, not actual energy experts. Offering some desperately needed technical expertise, Michael McKenna pushes back on the idea of mandatory participation in regional transmission organizations (RTOs) – either through FERC action or through legislation. The reality is that there still has not yet been a comprehensive, independent study of the economic value of RTOs. David M. Hart follows this by discussing a real opportunity for us. President Biden announced at November’s climate summit in Glasgow that “the United States is back.” Clean energy innovation uptake policies are vital to turn that promise into a reality. And finally, as Dan Klein points out, from renewables to oil to nuclear, all energy markets and the energy transition itself will remain at the mercy of geopolitics more than most want to hear. 

In the News

West Virginia Dumps BlackRock Fund Over Anti-Energy Stance

Breck Dumas, Fox Business

Climate Activists Criticize BlackRock CEO’s Support for Slow Transition Off Oil and Natural Gas

Catherine Clifford, CNBC

5 Trends to Watch in Climate-Aligned Finance in 2022

GreenBiz

Permian Oil Output Hits Record

Irina Slav, Oil Price

How Biden Torched the Trump Recovery

Liz Peek, The Hill

Gas Prices Are in the Danger Zone. Biden Can't Do Much About It

Matt Egan, CNN

Traders Bet That Oil at $100 Is a Question of When, Not If

Yahoo News

A for Targets, D for Action: Joe Biden’s First Year on Climate, Graded

Joe Lo, Climate Home News

Felony Charges Against Tesla Driver, 1st in Fatal Crash Involving Autopilot

KTLA

Virginia, Your "Green New Deal" Price Tag Is Showing

David T. Stevenson, Caesar Rodney Institute

Good-Paying PGW Jobs Would Be Irreplaceable If Philly Moves Away From Natural Gas

Keith Holmes, The Philadelphia Inquirer

27,000 Fewer Deaths Each Year From Cold as Climate Warms, ONS Estimates

Emily Beament, Independent

Two More Contributions on the Impossibility of Electrifying Everything Using Only Wind, Solar and Batteries

Francis Menton, Manhattan Contrarian

As Coal Use Surges, America Finds It's Hard to Unplug From Carbon

Robert Bryce, The Hill

Angry Crypto Investors Sue Kim Kardashian, Floyd Mayweather Over ‘Pump and Dump’ Scam

Sissi Cao, Observer

Multimedia

BlackRock CEO Larry Fink: We Need to Work With Hydrocarbon Companies, Not Against Them

CNBC Television

BlackRock CEO Larry Fink sits down with CNBC's Andrew Ross Sorkin to discuss his annual letter to corporate America, ESG investing, hydrocarbons and more.

Biden Administration to Hire 1,000 Workers for 'Clean Energy Corps'

The Hill

The Biden administration is hoping to hire more than 1,000 workers to help with climate change solutions as part of a newly announced “Clean Energy Corps.”

What Are the Solutions to the Climate Crisis?

VICE News

In this episode of ‘Planet A’, Professor of Environmental Science Garry Petersen explains how humans must adapt if we are to avoid the tipping points that are leading towards irrepar...

Nasdaq CEO on ESG: We Are a Disclosure Economy

CNBC Television

Nasdaq CEO Adena Friedman joins CNBC's 'Squawk Box' to discuss joining Just Capital's latest "Just 100" list, which ranks companies based on ESG issues.

Grover Norquist: 'Combating Inflation' Isn't on Biden's List

Fox Business

Americans for Tax Reform President Grover Norquist weighs in on surging inflation and Biden’s economy.

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