Energy Realism this past week looked at Western energy and climate hypocrisy and the real fuels required to stop Putin’s agression. The great Robert Bryce got the week off and running: Texas wind power is simply not performing as advocates promised that it would. As temperatures have been soaring above 100 degrees, we’re talking about single digit capacity factors for wind in the country’s windiest state. By comparison, the nuclear power that greens inexplicably despise usually runs at 90% or higher. Frank Macchiarola & Anne Bradbury realize that renewables are not physically capable of going in alone, so the Biden administration must focus on more domestic production of oil and gas. The ESG obsession, for instance, discourages oil and gas investment by starving the industry of capital. Gabriella Hoffman makes clear: this money war against our most important fuels is the driving force behind spiraling inflation. Instead of playing politics, corporations should revert back to their original mission of creating value in business. Tom Magness warns about the litigation obsession on climate: what we need is sound policy. It is important that we take a holistic approach to building resilient infrastructure – one that is well-coordinated and ensures communities around the country can withstand catastrophic weather events. But it goes way beyond our borders. Vijay Jayaraj argues that the greens’ push for climate lawsuits and “only wind, only solar, only electric cars” (i.e., the failed European model) will continue to block human development in Africa, easily the world’s most impoverished region. Western hypocrisy on energy and climate must be blocked at every turn. We witnessed this as the Russian gas embargo has forced European states to suppress their revulsion to coal — a bit like a produce shortage causing vegans to run to steak houses. Indeed, the Essential Reading this week comes from Jude Clemente. Analysis of the dangers of CO2 emissions simply must consider the benefits of the energy sources that they result from: the use of fossil fuels. More energy is the foundation of modern life, and fossil fuels, cheaper and more reliable, will remain the basis of global energy supply for decades to come. Westeners need to get over fact before the world can move forward. In the News Christopher Barnard, WSJ Fred Lambert, Electrek Tsvetana Paraskova, Oil Price Ben Lefebvre, Politico Joel Kotkin, Hugo Kruger, Quillette Hannah Zhang, Institutional Investor Jason Hayes, MC Stephen Stapczynski, Bloomberg Julianne Geiger, Oil Price Gregory Barber, Wired Michael Ginsberg, Daily Caller Anmar Frangoul, CNBC Kiley Bense, State Impact Politico Irina Slav, Oil Price Financial Post Eric Nuttall, Senior Portfolio Manager at Ninepoint Partners, talks with Financial Post’s Larysa Harapyn about how the oil sell off is a gift to investors. Bloomberg Markets and Finance Josh Young, Bison Interests CIO, says oil demand will be higher than expected even if Russia resumes providing oil to the European Union. Young told this to Guy Johnson and Kriti Gup... CNBC Television Toby Rice, CEO of the largest U.S. producer of natural gas, discusses how the industry can help address the European and global energy crisis, and growing demand for U.S. LNG. CBC News Canada's minister of environment and climate change says he is open to extending the deadline for the oil and gas industry to reduce its carbon gas emissions. That doesn’t sit with s... Robert Bryce John Constable is the director of energy at the Global Warming Policy Foundation, a British public charity. In this episode, Constable (who previously appeared on the podcast on Febr... |