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3/29/2022

Energy Realism this past week hit the Chinese and Russian dominance over the renewable energy and electric car industries. In short, an immense and domestic American energy response is our only path forward. 

The “China problem” looming over the green movement in the West is something that progressives simply choose to ignore. Having to rely on China for products and services truly is their elephant in the room. For solar power, Mamun Rashid demands a “make it in America” approach, and no more reliance on solar panels made by Uyghur slave labor in Xinjiang, China. But the moral shortcomings for greens also extends to the electric car obsession. Tim Benson notes the “Russia connection” for the industry. Looking forward, the question: how will greens deal with the fact that pariah Russia is one of the major suppliers of crucial raw materials for electric cars? Business as usual is no longer an option. Paul Steidler recently summed up this “moral depravity” of America’s reliance on foreign energy and materials. Simply put, we must turn to Texas, not tyrants. Fortunately, as Rich Nolan makes clear, we have a tremendous domestic opportunity to mine the critical materials needed for the energy world of tomorrow here at home today. 

The timing for such questions is clearly perfect. Inexplicably, President Biden has been begging Venezuela and Iran to compensate for Russian energy while continuing to shun our own producers. While it obviously is an absurd position, he knows that he cannot offend the green dreamers that put him in office. Mary Anna Mancuso wantsthe president to focus on regaining the invaluable “energy independence” that has been slipping away on his watch, his full-scale war against American energy. Anne Bradbury brings us an insider look from the U.S. oil and gas industry. The Biden administration can insert some stability into the market by publicly signaling its support for American-made oil and gas’ role in our country’s energy portfolio. Greens should know that the constant evolution of the industry means increasingly cleaner fuels. Meg Gentle explains how companies are always working to support the growing demand for energy while also cutting emissions. Indeed, the Essential Reading this week comes from the Centre for Policy Studies. If true to their word, environmentalists should actually be the biggest supporters of “fracking” for more oil and natural gas. 

In the News

Cutting Oil Demand Would Hurt Russia and Ease a Supply Crisis

Julian Lee, Bloomberg

China LNG Imports From Russia Doubled in February as Demand Fell

Bloomberg

Biden's Climate Alarmist Nominees Send a Chilling Message to Financial Institutions, the Energy Industry

Kevin Cramer, The Hill

Frustration Builds in Wait for California’s Next Rooftop Solar Proposal

Mary Callahan, The Press Democrat

Environmental Alarmism Has Hardly Changed Since the ’60s

Jason L. Riley, The Wall Street Journal

Oil Set for $150 on Supply Shock, Says Veteran Trader King

Sybilla Gross, Bloomberg

The Oil Price Rally Is Bad. The Diesel Crisis Is Far Worse

Javier Blas, Bloomberg

John Kerry’s Deadly Ukraine Hot Air

Editorial Board, New York Post

Atlantic Piece Mocked for Warning of Nuclear War's Effects on Climate Change

Joshua Q. Nelson, Fox News

What Is Holding U.S. Nuclear Energy Back?

Leonard Hyman & William Tilles, Oil Price

The SEC’s Climate Change Overreach

Jay Clayton, Patrick McHenry, The Wall Street Journal

Germany Opens Door to Qatar Natural Gas in Pivot From Russia

Richard Weiss, Bloomberg

Los Angeles Becomes 1st in U.S. to Reach $6 Gas Average

Alexa Mae Asperin, Fox 5

How Europe Hopes to Wean Itself From Russian Natural Gas

Josh Ulick, The Wall Street Journal

Why the U.S. Gets a Discount on Natural Gas and How That Might Change

Avi Salzman, Barron's

Multimedia

NYSE's Sharon Bowen on Market Volatility and Prioritizing ESG

CNBC Television

Sharon Bowen, New York Stock Exchange chair, joins 'Closing Bell' to discuss what Bowen's tenure has been like, how to reform the initial public offering market and how Bowen plans t...

U.S. Sen. Bill Cassidy on Creating a 'Russia-Free' Energy Future

CNBC Television

Sen. Bill Cassidy (R-La.) joins CNBC's 'Squawk Box' to discuss U.S. energy independence, climate policies and more.

China Has Decided They're Going All in on Russia: KT McFarland

Fox Business

Former Deputy National Security Adviser K.T. McFarland joins Stuart Varney to discuss China's close relationship with Russia and the possibility of the U.S. imposing sanctions on Chi...

Biden Raging ‘Full-Scale War’ Against U.S. Energy: Carlos Gimenez

Fox Business

Rep. Carlos Gimenez and retired Maj. Gen. Mick McGuire discuss the Biden admin continuing to avoid oil production in the U.S. on ‘The Evening Edit.’

Why Are Woke CEOs Using ESG to DESTROY Our Free Market?

Glenn Beck

Americans already have trust issues. But now, woke CEOs are making it worse. Business leaders of major corporations often are in support of far-left measures publicly but say the opp...

Again Capital's John Kilduff Breaks Down Moves in Crude Oil Prices

CNBC Television

John Kilduff, Again Capital founder and a CNBC contributor, joins CNBC's 'Squawk Box' to break down energy markets. 

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