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4/12/2022

Energy Realism this past week discussed the need for more domestic energy investment and production. Unless we want to rely more on rogue players like China and Iran, we simply have no choice. 

The reality is that we should be producing as much oil and natural gas as possible here in the U.S. The twin fuels supply over 70% of our energy and are nowhere near replaceable at scale. Frank J. Macchiarola explainswhy the Biden administration’s overt anti-oil, anti-gas agenda threatens American energy security, particularly as it continues to block offshore leasing. And as Tom Harris points out, this is all part of the anti-energy agenda that greens want to force upon us. Leading up to the 2022 mid-term elections, even Iran, the largest state sponsor of international terrorism, is now being considered by an increasingly desperate administration as a possible oil source. Indeed, our Essential Reading this week comes from the International Energy Forum: there has been a chronic lack of investment in new oil and gas supply for nearly a decade. The green agenda to “block new oil and gas production at every turn,” obviously very dangerous since demand is still rising, is the primary cause of the energy crisis over the past year. 

Not just more oil and gas extraction though, Roy Mathews realizes that we also need to mine other crucial natural resources, namely to thwart global supply chains controlled by China. Greens should realize that their love affair with electric cars and wind and solar mandates a domestic mining revolution for rare earth elements. Aaron Ringel agrees that we must end our dependence on China for the critical materials inherent to the energy world of tomorrow. Incredibly, the Biden bunch, beholden to the radical progressive base, continues to block domestic mining of materials required “to fight climate change.” Brian Gitt makes clear that true energy security comes from investing in energy across the board. As a seasoned investor, he looks at some attractive money-making opportunities in the world’s largest industry. 

In the News

EU Targets Russian Coal in Fresh Package of Sanctions

Sharon Udasin, The Hill

The Greatest Energy Mistake Ever Made

David Holt, RealClearEnergy

Does China’s Friendship With Russia Really Have ‘No Limits’?

Simon Watkins, Oil Price

European Gas Swings as Supply Risks Counter Weather

Bloomberg

Tesla Is Testing a Lucid Air With Over 500 Miles of Range on Its Test Track

Fred Lambert, Electrek

'Anti-ESG' Voting: Sustainability's Sinister Side

Ruth Saldanha, Morningstar

A Message to Biden: We Need More Oil, Let Companies Produce More Oil

Andy Puzder, Fox Business

Under Biden, U.S. Oil Reserves to Drop By 40%

Elliott Ramos, NBC News

'Good Morning to Our New Overlord!': Woke Twitter Employees Vent Their Fears Over Elon Musk

Natasha Anderson, Daily Mail

Pennsylvania GOP Leader Promises to Take RGGI to Court

Bridget Reed Morawski, Energy News Network

Congress Rounds Up the Usual Big Oil Suspects

Michael Lynch, Forbes

Climate Police Occupy Wall Street

Marlo Lewis Jr., Competitive Enterprise Institute

Oil Companies Refuse to Limit Shareholder Returns to Lower Gas Prices

Ramsey Touchberry, The Washington Times

Will Tapping the Strategic Petroleum Reserve Lead to Lower Gas Prices?

Haley Messenger, NBC News

Today's Flashback: "We Should Put Them in Jail!" Joe Biden Wants to Prosecute Fossil Fuel Executives

Multimedia

Oil Demand Will Hold Up Quite Well: UBS's Schnider

Bloomberg Markets and Finance

Dominic Schnider, head of commodities and APAC FX/macro at UBS Global Wealth Management CIO Office, discusses oil markets, oil prices and his outlook for commodity currencies. He spe...

Oil Execs Testify Before House on Rising Gas Prices

Fox Business

House Energy and Commerce Subcommittee holds hearing on "Gouged at the Gas Station: Big Oil and America's Pain at the Pump." 

Biden's Five Inflation Lies: Ted Cruz

Fox News

Senate Judiciary Committee member discusses the president's 'trainwreck' energy agenda on 'Hannity.'

Eric Nuttall: Oil Bull Market on Fast-Forward Due to Russia/Ukraine War

Investing News

The war between Russia and Ukraine is a key factor in the oil industry right now, but as Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, reminded investors,...

Oilman With Apologies to Kipling

Michael Lynch

Michael Lynch has repurposed the classic poem "Tommy" to reflect the angst of oilmen being whipsawed by politicians.

Goldman's Currie on Why Oil & Gas Prices Are Likely Heading Much Higher

CNBC Television

Goldman Sachs global head of commodities research Jeff Currie discusses where energy prices may be headed, and says some blame can be placed on lack of investment in the sector.

Shannon Sharpe Wants $20 Gas Prices to Keep Trump Out of Office

Outkick

It is illogical, it is absolutely crazy to make an argument in favor of $20 gallons of gas over any American presidential candidate.  

We Have to Slay the 'Inflation Dragon,' Says Former Fed President Richard Fisher

CNBC Television

Former Dallas Fed President Richard Fisher, senior advisor to Barclays, joins CNBC's 'Squawk Box' to react to March's jobs report, inflation and more.

There’s an Oil Supply ‘100 Times Bigger’ Than U.S. Reserve: Oil Exec

Fox News

U.S. Oil and Gas Association President Tim Stewart says 4,600 federal drilling permits are waiting on the Biden admin's approval.

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