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 Yahoo Finance The Editors, Bloomberg Joe Sommerlad, Independent Simon Watkins, Oil Price Stephen Collinson, CNN Tsvetana Paraskova, Oil Price Renee Ghert-Zand, The Times Of Israel Mark P. Mills, City Journal Ariel Zilber, New York Post Thomas C. Zambito, Lohud.com Joe Wallace, The Wall Street Journal Lexi Lonas, The Hill Anna Cooban, CNN Sam Meredith, CNBC CNBC Television Charif Souki, Tellurian executive chairman, and CNBC's Brian Sullivan join 'Power Lunch' from CERAWeek to discuss how fast U.S. LNG shipments could arrive in Europe, Europe's relianc... Fox News Rep. Jim Jordan, R-Ohio, slams President Biden for not standing up to Democrats on increasing U.S. energy production. CBS News President Biden on Tuesday announced a U.S. ban on Russian oil and gas imports over the country’s invasion of Ukraine. "Russian oil will no longer be accepted in U.S. ports, and the ... Fox Business Sen. Roger Marshall, R-Kan., on banning Russian oil imports. Fox News Environmental Progress president Michael Shellenberger discusses the energy crisis the U.S. is headed towards on ‘Jesse Watters Primetime.’ House Republicans Obama Promises Skyrocketing Energy Costs under his Cap and Tax Program. |