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4/26/2022

Energy Realism this past week discussed the huge holes of ESG and why green energy usually creates more problems than it solves. 

Our Senior Fellow Rupert Darwall kicks us off: as Putin’s illegal war has clearly shown us, our own woke investment community is threatening our national security. Those trying to turn Wall Street green should know that while the Biden administration has set a net-zero goal, Congress has not legislated it, and it lacks the force of law. Energy unrealism abound. Brian Gitt explains how Europe has gotten itself into such a mess. Europe shows what happens when you adopt policies based on false ideas—myths about energy that all but guarantee high prices, power blackouts, and a crashing economy. And perhaps one of those biggest myths is that wind and solar are as “clean” as their business loves to tell us. Robert Bryce makes it clear that wind power, for instance, kills bald eagles and bats by the millions each year. No, you will not hear Greenpeace or the Sierra Club tell you that. 

Now, we turn to this week’s real train wreck: Earth Day. Benjamin Zycher gives us the irony of such Western hypocrisy against fossil fuels. You know, the very same affordable and reliable energy resources that have given us the highest living standards on the planet. And now we want to block them from the poor and still developing world. Sarah Hunt also realizes that the lawsuit obsession against energy companies are really as counterproductive as any part of the “green movement.” What is most important is that needless finger pointing does nothing to address the core issue that we must solve together. 

Indeed, our Essential Reading this week is about ESG, an especially pertinent conversation with Elon Musk and Twitter in the news. Donna LaFramboise looks at how Big Tech’s widening reach is becoming a very large problem for governments and free speech around the world, especially problematic for the Western democracies that have such expression as a foundational principle. Other business entities, large and small, live in fear of Big Tech. Here’s hoping Elon helps change that very soon.

In the News

For Uranium and Nuclear, the U.S. Should Turn Inward

Dan Ervin, RealClearEnergy

China Buys Cheap Russian Coking Coal as World Shuns Moscow

Bloomberg, Yahoo Finance

Tesla Asks Judge to Pause Suit Alleging ‘Rampant Racism’ Against Black Workers

Kari Paul, The Guardian

Youngkin Administration Sets Stricter Runoff Rules for Solar Farms

Sarah Vogelsong, VM

Capacity Constraints Drive the OPEC+ Supply Gap

DallasFed

The Problem With America’s LNG Boom

Tsvetana Paraskova, Oil Price

White House Announces Earth Day Climate Push

Kelsey Brugger, E&E News

Biden Announces $6B to Bail Out Nuclear Plants at Risk of Closure

Zack Budryk, The Hill

White House Restores Rule Requiring Stringent Environmental Review

Valerie Volcovici, Reuters

Utilities Want to Convert Coal Plants to Nuclear; Skeptics Abound

Jennifer Hiller, WSJ

Media Recycles Debunked “Epic” Climate Litigation Stories for Earth Day

William Allison, EID

Supporters of Wind Farms Over Nuclear Power Are Eagle Killers, Not Conservationists

Ken Braun, The Federalist

China Raises Coal and Gas Output to Records After Prices Surge

Bloomberg, Yahoo News

Suing Over Climate Change: Taking Fossil Fuel Companies to Court

CBS News

Wealthy Progressives: We Love Wind Power, Except When It’s Near Us

Jim Geraghty, National Review

Multimedia

We're in a Post U.S. Shale Oil Hyper Growth World: Nuttall

CNBC Television

Eric Nuttall of Ninepoint Partners discusses how the energy industry is in a supply crisis, due to structural growth challenges such as loss of Russian product, lack of spare capacit...

GOP Congressman on Oil Prices: ‘Democrats Have Themselves to Blame’

Yahoo Finance

Representative Kevin Brady (R-Texas) joins Yahoo Finance Live to discuss oil and gas company executives speaking on gas prices, drilling permits, handling inflation rates and wage gr...

Oil and Gas Exec Torches Biden’s Energy Policies Amid Crisis

Fox Business

U.S. Oil and Gas Association President Tim Stewart joins ‘Cavuto Live’ to provide insight into how Biden’s energy policies will impact the economy.

Oil Prices Are Skyrocketing in Global Energy Markets: Professor Explains Russian Export Ban Impacts

Government Matters

Emily Holland, professor at the U.S. Naval War College, analyzes the impacts of Russian oil and natural gas export restrictions on European, U.S. and global energy markets as well as...

Mining Causing Toxic Leaks in China

Sky News Australia

The mining and processing of earth elements in Northern China has caused toxic leaking into the region’s waterways – including into China’s second-longest river, the Yellow River.

Josh Young on $200 Oil and the Structural Energy Supply Problem

Macro Hive

This podcast is sponsored by Masterworks, the first platform for buying and selling shares representing an investment in iconic artworks. They are making it possible to invest in mul...

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