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2/15/2022

Energy Realism this past week focused on green contradictions and our growing requirement to work with allies on energy and climate. 

Duggan Flanakin gets us started: greens demand huge amounts of wind, solar, and electric cars but continually block the mining of the critical materials that they are made from. It is a persistent contradiction, and this green non-thinking has penetrated the highest officials in the Biden administration, “the most climate-conscious in American history.” Greens should realize that such opposition of domestic mining just puts our climate goals at the whim of China, who dominates the supply chains of rare earths and the other critical materials in “The Energy Transition.” True to form, greens also oppose U.S. natural gas exports (via LNG), which are essential to lowering the world’s overreliance on high-emitting coal to fight climate change. Benjamin Zycher discusses the recent letter from 10 clearly uninformed U.S. Senators to DOE Secretary Granholm to block our LNG exports. Predictably hailing from the importing and high-cost New England states, the senators do not grasp how counterproductive such a policy would be. 

Rick Whitbeck gives us a view from Alaska, where oil and gas are central to job creation and economic development. Cargoes from Alaska can more easily reach fast-growing, heavy coal-dependent Asia because they do not have to pass through the Panama Canal like our mushrooming LNG projects along the Gulf Coast do – thereby making shipments faster and cheaper. Energy exports give us a great opportunity to work with our partners around the world. We have been seeing this with U.S. LNG flowing to Europe to counteract the heavy hand of Vladimir Putin. Aviv Ayash and Sam Buchan want such a partnership with Israel, where huge natural gas resources have been discovered in recent years. Gas development can spur regional cooperation. Theodore J. Garrish extends the partnership imperative to nuclear. Even greens must realize the conclusion as obvious: wind and solar are naturally intermittent (i.e., “more unavailable than available”), and we have no chance of reaching climate goals without a massive uptick in far more reliable nuclear power. 

In the News

Lobby Group Alec Driving Laws to Blacklist Companies That Boycott the Oil Industry

Chris McGreal, The Guardian

ESG ‘Bubble’ Is a Risk in Crowded Climate Bet, Schroders CIO Says

Loukia Gyftopoulou, Bloomberg

Larry Fink’s Crusade Runs Into Resistance

Andrew Puzder, Stephen Soukup, The Heritage Foundation

Why Natural Gas Plays Such a Big Role in the Russia-Ukraine Crisis

NPR

U.S. Army’s First Climate Plan Calls to Slash Emissions and Build Electric Vehicle Fleet

Emma Newburger, CNBC

Elon Musk Hits Out at the Media’s ‘Relentless Hatestream’ of Bad News in a Week of Setbacks for Tesla

Georgina McKay, Fortune

Where Is There More Lithium to Power Cars and Phones? Beneath a California Lake.

Alistair Macdonald, Jim Carlton, The Wall Street Journal

The Nuclear Power Dilemma: Where to Put the Lethal Waste

Financial Times

Increased U.S. Natural Gas Exports = Higher U.S. Prices: Who Knew?

Kurt Cobb, Resilence

Black Workers Say Racism Is Rampant Inside Tesla. Now California Could Sue.

Kate Briquelet, Yahoo News

California’s Solar Power Welfare State

The Editorial Board, The Wall Street Journal

World's Top Oil Trader Sees Higher Prices

Tsvetana Paraskova, Oil Price

Unpacking CNPC's Net-Zero Road Map for China

S&P Global Platts

Paralysed By Iran And Oil: One Year Into President Biden’s Disastrous Middle East Policies

Tilak Doshi, Forbes

Big Oil Isn’t Losing Any Sleep Over the EV Revolution

Alex Kimani, Oil Price

Multimedia

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Michael Waltz Slams Major Companies Sponsoring Beijing Olympics in China

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Jordan Peterson Criticizes Climate Change Types

Jordan Peterson Notes

Jordan goes on the Joe Rogan show. 

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