7/26/2022

Energy Realism this past week looked at the failures of Europe and the proven need to support the most affordable and reliable: oil, coal, and natural gas.

Jakob Puckett rails against Joe Biden’s war on fossil fuels: resources that supply 80% of our energy. Claim as they might to mitigate the severe energy crisis plaguing the U.S., the Biden administration’s attempt to shore up supply is a few wellheads short of an oil rig. With gasoline prices averaging over $4.60 per gallon and several electric grid operators warning of rolling blackouts, increasing the supply of America’s most critical energy sources is vital. We already know that the push for endless amounts of wind and solar is not even helping from a climate perspective. Gregory Wrightstone looks at PJM, our largest power market. In reality, pouring vast amounts of money into wind and solar have accomplished little more than the transfer of wealth from taxpayers and consumers to the climate industrial complex. Can Pennsylvanians and Virginians expect the very high cost Regional Greenhouse Gas Initiative to do anything else?

Not just that, but we have to wonder if those pushing the ESG obsession have an idea how dirty the mining is for the critical materials required for their goal of huge amounts of wind, solar, and electric cars. As Adam Brandon points out, we already know that ESG continues to increase energy prices for American families and businesses. ESG discourage investments for new production of our most reliable and affordable resources: oil, coal, and natural gas. Levi Russell brings a much-needed reality check for the American voters and the coming mid-terms: we simply must choose fossil fuels. Europe’s 20-year obsession with renewables has left them beholden to dangerous Putin and unable to supply energy to their own citizens. Indeed, our Essential Reading this week explains why Germany’s disastrous fixation on wind power has left it not just subservient to Putin but also having the world’s most expensive energy. The truth? Germany was warned about this impending disaster a long time ago and simply chose not to listen.