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2/22/2022

Energy Realism this past week nailed the European elephant in the room and the false promise of “green” energy replacing fossil fuels. 

Sam Buchan hits what has perhaps been the biggest energy story over the past six months: the bad energy policy disaster perpetually unfolding in Europe. Green utopianism has skyrocketed energy prices and placed the continent under the thumb of Vladimir Putin as he now stands flexing along Ukraine’s border. Indeed, we have an Essential Reading this week from Robert Bryce showing the facts: Europe’s energy policies are the ultimate cautionary tale. 

The solutions needed for Europe go far beyond what help U.S. oil and gas could offer. Maybe even worse, Europe and Democrats in the U.S. are demanding that their green obsession, which provably leads to higher cost and less reliable energy, be pushed on the still developing world that can least afford it. Vijay Jayaraj stands up for this bloc of some 160 nations that accounts for 85% of the global population. Already facing unreliable energy supply and frequent blackouts, limiting these 6.8 billion humans from the same oil, coal, and natural gas that built and still dominate in the rich West with the highest living standards is simply morally bankrupt. 

The whole idea of naturally intermittent wind and solar displacing oil and gas in particular will be blocked by physics and surging costs. Dan Byers looks at what has been happening in New England, where expensive energy and rising imports make it our own Europe-like example of “what not to do.” The pushback on natural gas and pipelines has meant more reliance on higher emitting coal and fuel oil, completely contradicting the six states’ climate goals. Finally, Stephanie Catarino Wissman shows how the “renewables will displace fossil fuels” narrative also fails for jobs. Painting industry jobs with a broad brush fails to consider how skills, education, compensation, location, and demand affects job transferability. 

In the News

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What I Wish Nuclear Energy Opponents Understood Will Happen If They Win

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The Future of Nuclear Power

Scarlett Evans, Power Technology

U.S. Natural Gas Producer: Prices Surging Due to Lack of Adequate Pipeline Structure

Angelica Stabile, Fox Business

Elon Musk Blasted for Tweeting Adolf Hitler Meme

Dominick Mastrangelo, The Hill

China Puts Coal Plants at Full Capacity, Even as It Touts Hosting a 'Green' Olympics

Bill Chappell, NPR

Banks Haven’t Quit Coal: Commercial Lenders Have Channeled $1.5T to the Industry Since 2019

Sam Meredith, CNBC

Oil Refining Industry Can't Keep Up With Demand

Julianne Geiger, Oil Price

Et Tu, Larry? Why So Many Celebrities Are Shilling for Crypto

Ryan Faughnder, Yahoo

How I Was Bullied Out of My Top Job By the Intolerant Woke Mob

Jennifer Sey, New York Post

GOP Boycotts Committee Vote on Federal Reserve Nominees

Nick Sobczyk, E&E News

Playing Politics With Pensions

Andrew Stuttaford, National Review

Green Hypocrisy Hurts the Poorest

Joel Kotkin, Hugo Kruger, UnHerd

France Announces Plans to Build Up to 14 Nuclear Reactors

Joseph Ataman, CNN

Multimedia

Putin Will Invade Ukraine Within Days, Says Biden

ABC News

President Joe Biden on Thursday said he believes Russian President Vladimir Putin will go through with an invasion of Ukraine invasion within days.

Daily Energy Markets Video Podcast

Gulf Intelligence

What is happening in energy markets? The Russia-Ukraine problem is dominating the conversation. 

Any Cutoff of Natural Gas Through the Ukraine Corridor Is Manageable: IHS Markit

CNBC Television

Michael Stoppard, chief global gas strategist at IHS Markit, discusses the various scenarios under which European countries would have to make up for a shortfall in gas flowing throu...

What a Russian Invasion of Ukraine Could Do to Oil: Raymond James Analyst

Yahoo Finance

Raymond James Analyst Pavel Molchanov joins Yahoo Finance to discuss what any further invasion of Ukraine by Russia may do to oil markets.

From Spy to President: The Rise of Vladimir Putin

Vox

Putin’s intent on pushing back against the Western world order... and it appears to be working.

Glenn Beck Addresses How ESG Is Destroying our Society

BlazeTV

Glenn Beck joins in and talks about his new best-selling book The Great Reset and how much ESG scores are now factoring into society. He also details his dinner with Donald Trump and...

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