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6/21/2022

Energy Realism this past week looked at real energy solutions and the necessity for affordable energy amid a climate obsession. 

Ed Finklea sees the silver lining in Russia’s war: Putin has woken the Western energy dreamers up. As our centerpiece energy resource going forward, more natural gas continues to gain bipartisan support. This combination of plentiful domestic supply and ease of extraction is providing the U.S. with protection against the rising hydrocarbon prices being felt elsewhere. But Brigham McCown knows that the Biden administration must do much more. Namely, we all must push back on the unrealistic ‘green’ progressives and support more oil and gas infrastructure. President Biden’s regulatory policies toward domestic energy production have unwittingly only worsened America’s energy crisis.

Ironically enough, these regulations are blocking the very same “energy transition” that the greens keep telling us is just around the corner. Murray W. Hitzman reports on these contradictions coming from the Biden administration. For the raw materials that constitute wind, solar, and electric cars, the supply problem is relatively straightforward. To obtain metals we can do two things: recycling or mining. And we simply do not have enough of the first to not focus on the second. If we want to “fight climate change,” it is time to dig. Heather Reams sees all of this as an opportunity for Republicans to continue to gain on sound climate policy, winning over independents and even Democrats that want climate action but also realize the importance of having affordable and reliable energy.

No more boondoggles. No more picking energy winners and losers with policies. Cesar Ybarra demands an end to all of it. Last year, President Biden signed the Postal Service Reform Act which, among other things, gave the U.S. Postal Service a $58 billion taxpayer and Medicare bailout. For an organization that has been $160 billion in debt, how do less convenient and more expensive electric cars make any sense? Indeed, ourEssential Reading this week comes from the great Mark P. Mills: electric cars are anything but the panacea their advocates love to claim that they are. 

In the News

Can Competition Remake the Electricity Industry?

Travis Fisher, Nick Loris, RealClearEnergy

Politico Worried SCOTUS Climate Ruling Could Weaken President's Power to Oversee American Life

Lindsay Kornick, Fox News

Climate Change Censorship: Phase Two

The Editorial Board, WSJ

The 1977 White House Climate Memo That Should Have Changed the World

Emma Pattee, The Guardian

Why Are Gas Prices So High? Because the U.S. Fracking Boom Is Ending.

Ben Winck, Business Insider

Want to Keep Plastic Out of the Ocean? Burn It Like Coal

Katherine Nitter, The Maritime Executive

Glencore Gets Rich on Coal, But Questions Persist Over Exit Plan

Thomas Biesheuvel, Bloomberg

Hulking Coal Plants Coming Down Across the Pittsburgh Region, Destined for New Life

Anya Litvak, Pittsburgh Post-Gazette

The UK Is Prioritizing Energy Security Over Climate Pledges

Felicity Bradstock, Oil Price

OPEC Running Out of Spare Capacity Confirms Our Multi-Year Bull Case for Oil

Eric Nuttall, Financial Post

Why I Support the SEC’s Proposed Climate Risk Disclosure Rules

Shivaram Rajgopal, Forbes

Access to Abundant Natural Gas Shields U.S. Consumers from World Events

Ed Finklea, RealClearEnergy

Democrats Willing to Weaponize ESG Scores to Punish Americans

Ron Estes, The Hill

Help: Energy Poverty Prevention Project

EPP

New York Climate Bills Fall Short

Politico

Multimedia

Brent Oil Prices Will Go Higher By Another $20 Per Barrel, Says Goldman Sachs' Damien Courvalin

CNBC Television

Damien Courvalin, head of energy research for Goldman Sachs, joins CNBC's 'Squawk Box' to discuss his outlook for oil prices.

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