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5/3/2022

Energy Realism this past week examined how the hypocritical green agenda to block energy production here at home is bolstering Putin and eroding American energy security. 

Instead of being a time to reflect on the value of ecological health, Vijay Jayaraj looks at how Earth Day has been hijacked by radical environmentalists and policymakers to advance primitive and destructive technologies to address a “climate crisis.” The Biden administration, for instance, has used climate change to block domestic production of our two most important fuels: the oil and gas that meet 70% of America’s energy demand. Benjamin Zycher argues that the new policy to “open up more federal offshore to produce more” is deeply disingenuous: they simply increased the royalty rate by 50% to 18.75%. It is, however, highly consistent with the incoherence of the overall Biden energy policy. More smoke. More mirrors.  

This is true even for the development of the “green energy” technologies that the administration demands that we install at all costs. Debra W. Struhsacker details the contradictions and mixed signals coming from the administration. And whether it is really serious about extracting critical minerals from U.S. mines. Ned Mamula & Ann Bridges realize that such natural resource development is essential for our national security, as has been exposed by Putin’s invasion of Ukraine. It is time for policymakers to mount a robust response. California, of course, would offer a logical start due to its immense natural resources. But as Brian Gitt has experienced firsthand, the state’s energy policies have blocked progress at every turn. Higher taxes, power rationing, and limited access to clean water have become the norm.

It all comes back to looking inward: we have what we need right here at home. Patrice Douglas demands that the administration stop looking to geopolitical foes to boost energy production. No more begging Venezuela, Iran, and other despots for the energy that we need to run our economy. Indeed, our Essential Reading this week comes from the International Energy Forum that documents how our own investment shortages in new oil and gas production are setting up a market shock that will continue to disrupt global energy security and other international goals. Industry investment over the next few years will have to rise by at least 25% yearly from 2020 levels to stave off an even worse energy crisis by 2030. 

In the News

Tesla’s Stock Takes a Beating Amidst Confusion Over Twitter Acquisition – Is Elon Selling?

Fred Lambert, Electrek

Man Behind Earth Day Says There’s Too Much Greenwashing

Joseph Pisani, WSJ

High Oil, Gas Prices Provide Trillions of Dollars in Tax

Rystad Energy, Oil Price

Four European Gas Buyers Made Ruble Payments to Russia

BNN Bloomberg

CEI Comments Explain Why FERC’s Greenhouse Gas Regulatory Policy Cannot Pass a Cost-Benefit Test

Marlo Lewis Jr., CEI

Oil Prices Rally on Report That Germany Drops Opposition to Russian Oil Embargo

Laura Sanicola, Reuters

Canada Can Hike Oil Output and Decarbonize — 'But at Significant Cost,' Says RBC Report

Chris Varcoe, Calgary Herald

Jeff Bezos Takes Aim at Musk’s Twitter Deal With China Jibe

Vlad Savov, Bloomberg

The Oil and Gas Industry Is Booming Despite Net-Zero Ambitions

Irina Slav, Oil Price

Lithium Shortages Impact Tesla, Other EV Carmakers, Numerous Tech Markets

Bradford Betz, Fox Business

World Faces Biggest Energy Shock Since 1970s: World Bank

BOL News

Ford Expects Combustion Engine Production to Continue "Until 2040"

ZeroHedge, Oil Price

How Far Have We Really Gotten With Alternative Energy?

Jennifer Hiller, David Hodari, WSJ

China Promotes Coal in Setback for Efforts to Cut Emissions

NPR

Giant Global Asset Managers Have $82 Billion in Coal Projects, $468 Billion in Oil and Gas

Catherine Clifford, CNBC

Multimedia

'Woke Inc' Author Urges Elon Musk to 'Give Power Back to the User'

Fox Business

'Woke Inc' author Vivek Ramaswamy breaks down how Elon Musk can liberate Twitter, Truth Social's sudden climb to the top of the app store and restoring civic discourse on social medi...

Elon Musk Motivational Video (MUST WATCH!)

Outcast Motivation

In this motivational, inspirational, and emotional video, we will hear from Elon Musk himself, as he talks about going against all odds and proving everyone wrong. This video talks a...

'Climate Anxiety' Becoming the Next Mental Health Crisis in America's Youth

NBC News

Thousands of young Americans are taking on climate change and fighting back at those in power, whom they claim knowingly polluted the planet. Along with the pandemic and social media...

Demand for Oil Will Return With a Vengeance: Strategist

BNN Bloomberg

Michele Schneider, Managing Director, MarketGauge Group joins BNN Bloomberg to discuss her view on oil as it slips under US $98/bbl amid China's lockdowns. She adds that it will be d...

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