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7/5/2022

Energy Realism this past week discussed energy dreams, which in terms of policy must continually be trumped by energy realities. Ask Europe. 

Anne Bradbury puts it all into perspective: Joe Biden’s energy agenda is simply absurd. The Administration’s policies are disjointed and counterproductive. Rather than flailing attacks on the oil and natural gas industry, our leaders need a serious energy strategy that embraces all of America’s energy resources, particularly oil and natural gas. The administration, however, is even thwarting its own energy agenda, with is obsessed with endless amounts of wind, solar, and electric cars. Stuart Levenbach discusses the layers of regulations coming out of Washington, DC. Very little of which though is actually helping push such “green” energy. The real guidelines necessary to build the next generation of clean energy infrastructure and achieve net-zero greenhouse gas emissions by 2050 have been few and far between.

Let’s face it: the goal of carbon capture and storage is dividing both political parties. Benjamin Zycher wants us all to take a step back. We must recognize that the current campaign to promote CCS subsidies is being driven in substantial part by old-fashioned rent-seeking rather than some sort of environmental/climate imperative, whatever the usefulness of the latter in terms of making excuses for the former. In any event, as we seek to reduce our own emissions, the world isn’t listening much. That’s because it’s far too poor to ignore the proven benefits of carbon-based fossil fuels. The West is the greatest example of this fact. Robert Bryce reports on how the ongoing boom in global coal use is obliterating the reduction in CO2 emissions have been coming from the U.S. for nearly 20 years. For most countries, poverty and energy deprivation, not climate change, are seen as the biggest problems – and understandably so. 

Indeed, many fossil fuel supporters see CCS as an impossible panacea. Brian Gitt warns us against seeking such a utopia for energy. He’s been trying to find it for two decades, and to no avail. Maybe, just maybe, there’s no such thing. Finally, Michael McKenna gives us a comprehensive view of the coming mid-terms. Now just four months away, the races and topics are heating up. 

In the News

No, President Biden, Releasing Petroleum Reserves Isn’t Bringing Down Gas Prices

Mark R. Robeck, RealClearEnergy

Innovation, ESG, Net-Zero Economy

Bartley Madden, Mark Van Clieaf, RCMarkets

In the Gulf of Mexico, Biden Is Picking Politics Over Policy

Erik Milito, RealClearEnergy

Should Rich Countries Degrow Their Economies for Climate?

Ajit Niranjan, DW

Where Have All the Shareholder Activists Gone?

Reuters

The Cheapest Electric Cars of 2022

Ben Phipps, HotCars

Electric Cars Could Pay Tax By the Mile

Rachel Millard, The Telegraph

Dem Senators Want Offshore Oil, Gas But No Leases

William Allison, EID

Macron to Biden: UAE, Saudis Can Barely Raise Oil Output

Reuters

Reining in the Bureaucrats

Adam J. White, Commentary

Today's Flashback: Clean Power Plan Is Unconstitutional

Laurence Tribe, WSJ

SCOTUS Deals Blow to Greens, Win for Democracy

Joel Kotkin, Newsweek

War Puts Climate Change on the Back Burner

Karl Maier, Bloomberg

Australia Facing Energy Crisis Despite Loads of Gas

Felicity Bradstock, Oil Price

LNG Explosion Shines Light on 42-Year-Old Gas Rules

E&E News

Multimedia

RBC's Helima Croft: Not a Lot of Additional OPEC Oil Supply

CNBC Television

Helima Croft, global head of commodity strategy at RBC Capital Markets, joins CNBC's 'Squawk Box' ahead of the OPEC+ meeting on Thursday to break down the global oil supply.

Investors Pull Money From ESG Funds in May

CNBC Television

CNBC's Pippa Stevens joins 'The Exchange' to discuss outflows from ESG funds and what's driving the move. 

Natural Gas Prices Ease as Freeport LNG Remains Offline

CNBC Television

Amrita Sen, founder and director of research at Energy Aspects, and Rob Thummel, portfolio manager and senior managing director at Tortoise Capital, join CNBC's 'Squawk Box' to break...

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