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10/4/2022

Energy Realism through this very difficult past week looked at the failure of Manchin and why you should double down on “more fossil fuels.” Shout-out Florida and the rest of the U.S. Southeast. We will help you rebuild your lives.  

With so much tragedy going on (Hurricane Ian and pipeline “sabotage” in Europe), let’s hit Joe Manchin and his now failed permitting bill that he just pulled back. As Daniel Turner makes clear, the effort left so much to be desired and had strong pushback from both progressive Democrats and even Republicans. Benjamin Zycher takes an even deeper dive and believes that the country is better off that Manchin failed. As an experienced politician, one would think that Manchin would’ve perceived that his machinations would fool no one and that he might wind up with nothing. Simply put, he was tricked by his own Democrat party. 

And the electric car obsession literally ingrained in Biden’s oxymoronically-named Inflation Reduction Act, to which Manchin’s bill was tied to exchange for his vote, might just be the most illogical energy-climate position of them all. William Kovacs realizes that the progressive elites in Washington sold the IRA as a mechanism to foster middle-class electric car ownership. But, like many promises, this is another federal bait and switch operation. Electric cars are too expensive and too inconvenient: subsidies for them are just handouts for the rich, because they are the only ones in the market to buy them. Indeed, Gregory Wrightstone argues that the anti-fossil fuel position is one that supports hurting our most vulnerable the most because it opposes our most reliable and affordable energy systems. Read that again. 

Thus, we must finish up with our Senior Fellow Rupert Darwall’s review of two critical books that understand the irreplaceability of fossil fuels. One of them comes from great self-proclaimed “energy philosopher” Alex Epstein. And we will include his Essential Reading: it’s no coincidence that those who utilize the most fossil fuels have the highest living standards in the world. Looking back over the past 160 years, the facts on the ground completely contradict progressive energy policy. Fossil fuels are good. 

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