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8/30/2022

Energy Realism this past week looked at nuclear solutions and the obvious requirement for bipartisan energy-climate policies. Anything else would be uncivilized. 

DJ Nordquist & Timothy Fitzgerald support nuclear power: the chickens of past energy policy choices have come home to roost in 2022. Importantly, rising fuel costs and climate aspirations have underscored the value of reliable baseload power from nuclear plants. Germany is the clearest example of a country forced to make a shocking policy reversal in the face of the new energy reality. Benjamin Khoshbin agrees that nuclear surely must get a re-think. Nuclear energy is actually cleaner than solar and wind, and is more reliable than coal and natural gas. If you told progressive environmental activists there was a carbon-free, zero-emission energy source that produces cheap electricity 93% of the time, you would think they would hail it as the ideal solution to climate change. But we simply must have better planning at both the state and federal levels. Marc Ang points to California as the example of “what not to do.” As demand for energy continues to outpace supply, we need commonsense, practical policy solutions that enable the U.S. to pursue energy security and increase production here at home. 

One key is grid reliability, especially as we look to utilize more amounts of renewables and electric cars. We have the very real problem of poor delivery of electricity actually discouraging our electrification goals. Rich Noland argues that the new “Inflation Reduction Act” offering market destabilizing subsidies, additional taxes, and support for further regulatory overreach could devastate the nation’s remaining coal fleet and consequently the reliability and affordability of our supply of power. Indeed, Kelsey Grant says that the IRA is actually a teachable moment for environmentalists. For a moment in time, activists and environmental organizations were forced to reckon with an unsettling reality: Democrats cannot and will not solve climate change alone. Climate change is a long-term problem, and partisan legislation can only offer a short-term fix.

In the News

Dems’ $739B Climate Bill Will Do Nothing for the Climate

Deroy Murdock, NYP

Biden’s Clean Energy Wins Spur Hiring Effort

Daniel Moore, Bloomberg Law

10 Firms Called Out for Greenwashing

Deena Robinson, Earth.org

U.S. Races Toward 30 Bcf/D of LNG Exports

Lindsay Schneider, RBN Energy

California to Ban the Sale of New Gasoline Cars

DNUYZ

Global Scope of EU’s Greenwashing Crackdown

Laura Noonan, FT

Canada Needs ‘Business Case’ for LNG Exports to Europe

Al Jazeera

Turmoil in the Natural Gas Market Spells Trouble Ahead

Julia Horowitz, CNN

Oil Has Become Too Volatile for Traders

Irina Slav, Oil Price

20M American Households Behind on Energy Bills

Michael Kern, Oil Price

German Chancellor Visits Canada in Search of Gas

Kate Connolly, The Guardian

German Power Prices Smash Record

Bloomberg

Mozambique to Export First LNG

Charné Hollands, Energy Capital & Power

Roundtable on Solar Energy

Crain's Chicago Business

Tilting at Climate Windmills

The Editorial Board, WSJ

Multimedia

Quite Shocking Problem With Supply Right Now, Paul Sankey Warns

CNBC Television

Paul Sankey of Sankey Research on what's next for the energy space. With CNBC's Joe Kernen and the Fast Money traders, Guy Adami, Steve Grasso, Karen Finerman and Brian Kelly.

‘Obsessed With Doom:’ Greta Thunberg Has ‘Gone Bust’

Sky News Australia

Sky News host Andrew Bolt says the Greta Thunberg cult has “gone bust”. “A mere child, full of rage, obsessed with doom, totally devoid of any practical solutions – but here she was...

HSBC Exec SUSPENDED for Telling the Truth About ESG

Wall Street Millennial

Stuart Kirk was head of responsible investing for HSBC Asset Management, one of the biggest money managers in the world. This past May he presented at a summit hosted by the Financi...

'Which Uses More Electricity...A Refrigerator When It's Running or Electric Car When It's Charging?'

Forbes

At today's House Transportation Committee hearing, Rep. Thomas Massie (R-KY) questioned Sec. Pete Buttigieg.

Electric Cars Are a SCAM ("Zero Emission" Is a Dirty Lie)

Sorelle Amore Finance

Here's why electric cars are a scam, and aren't even close to being zero emissions. But hey, aren't these new "environmentally friendly" vehicles supposed to help us save the planet?...

Could Putin Freeze Europe By Cutting Off Gas?

VisualPolitik EN

We are living through the worst energy crisis in 50 years. In many countries in Europe, the debate is not whether the price of gas will rise more or less (which, of course, it will) ...

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