Energy Realism this past week analyzed best ways to assist Europe while also helping ourselves. As it turns out, Western green utopianists might be Vladimir Putin’s greatest weapon. Once again, our Senior Fellow Rupert Darwall kicks us off by discussing the Biden administration’s dangerous green obsession as it relates to ESG and net-zero dreams. Rising inflation already threatens the value of Americans’ retirement savings, but now the administration is finalizing a rule to loosen safeguards under the Employee Retirement Income Security Act of 1974 (“ERISA”) that protect private retirement savings. Seeing a big money opportunity, Wall Street is predictably cheering the move. Next, Rupert moves on to the sad joke that is John Kerry, the clueless climate hypocrite who now worries if Putin has been considering climate change as he invades a sovereign and peaceful nation. Indeed, the anti-energy administration loves to leverage the courts to fuel green degrowth to “fight climate change.” Abigale Tardif & Michael Pepson hit the recent Supreme Court oral argument in West Virginia v. EPA. This case is about who has the power to make law in this country. Can unelected, politically unaccountable government bureaucrats unilaterally and fundamentally transform entire sectors of the economy? Or are questions like those for the American People’s elected representatives in Congress to decide? The warning signs are everywhere. Biden has surrounded himself with those hell-bent on installing the same failed energy-climate policies that have put Europe in its worst crisis since Hitler. Matthew Kandrach makes clear: we here in the U.S. are stumbling toward an energy crisis likely to be worse than our own upheavals of the 1970s. As noted by Larry Behrens, the good news is that the right policies could easily help us regain the energy dominance that we had under President Trump. But we remain stuck in a green energy quagmire, and Carol D. Miller & Jodey Arrington explain how the Biden administration has failed to help allies in energy-starved Europe. Hopefully voters are understanding the deadly results of the West’s green push away from reliable, affordable energy sources and toward unreliable, expensive ones. Gene Yaw agrees: the world needs American energy dominance now more than ever. Our elected officials must set aside their allegiance to green lobbyists and crank up oil and gas production to crush Putin’s war machine without setting a single foot on foreign soil. Finally, we bring you a very relevant Essential Reading this week on how Russia uses energy as a tool of foreign policy. Bluntly put, all western politicians should have seen this horrific situation coming and sought all measures to get off Russian energy a long time ago. The sad truth, of course, is that the greens forced policies upon us that would not allow it. In the News Terence Corcoran, Financial Post Sabrina Valle, Reuters Tilak Doshi, Forbes Andrew Mark Miller, Fox News Merrill Matthews, The Hill Tsvetana Paraskova, Oil Price Jude Clemente, Forbes BBC News Lora Kolodny, CNBC ZeroHedge, Oil Price Julia Kollewe, The Guardian Paul Bledsoe, The Hill Keefe Borden, Compressor Tech Samantha Gross, Brookings Vaclav Smil, IEEE Spectrum CNBC Television CNBC's Lori Ann LaRocco is tracking where supertankers carrying Russian oil and gas are headed, and who's buying. Yahoo Finance Blue Line Futures Chief Market Strategist Philip Streible joins Yahoo Finance's Brian Cheung to discuss the increase in oil prices and the outlook for the global oil market. VisualPolitik EN The world has changed. And no, We are not referring to the coronavirus. In this video, we talk about the revolution that the energy sector has experienced over the last decade. The Jimmy Dore Show The Nord Stream pipeline, which was constructed to convey liquid natural gas from Russia to Germany, may run dry if the US government has its way. Suggesting that financial considera... The New York Times As Ukraine braces for an all-out conflict with Russia, it’s testing its ability to disconnect from Russian power supplies for three days, starting Feb. 24. Experts warn the timing co... Sky News Australia Sky News host Paul Murray says former Secretary of State John Kerry remarking he hoped the Russia-Ukraine war won’t distract from climate change was a “stupid take.” |