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11/1/2022

Energy Realism this past week looked at the bad energy policies and ideas continually spewed by the Biden Bunch. 

Jakob Puckett gets us started this week: America’s energy crisis is the epitome of a self-inflicted wound. While hari-kari creates teachable moments, the architects of America’s current energy crisis are learning all the wrong lessons. Jakob looks at RealClearEnergy’s latest report from Joseph Toomey. The Biden Bunch’s hatred of fossil fuels is creating supply shortages and skyrocketing the price of just about everything: fossil fuels meet 80% of U.S. energy demand. Nowhere is this more obvious than in California, where soaring energy prices have caused so many companies to leave the state. Rick Whitbeck exposes Gavin Newsom and the climate obsession of America’s greenest state. 

Robert Bryce also gives us an analysis on Toomey. It is clear that Biden’s team has a strategy that aims to choke off the supply of hydrocarbons while hyping renewables, electric vehicles, and other policies that are driving up the cost of energy and power. Michelle Michot Foss and Lucian Pugliaresi agree: bad energy policies never die. Price caps, banning exports, begging OPEC for more oil, and tapping our strategic oil reserve are all amateurish mistakes, made by those who do not understand how energy markets actually work. And yet, the Biden Bunch promote all of them at every turn. To the fearful leaders in our country, step out on your turf and support the domestic oil and gas industries in ways that will build investor confidence and calm markets. 

Greens should realize that bad policies actually block climate goals. Dan Ervin explains why the anti-mining movement from environments is the opposite of “going green.” Indeed, our Essential Reading this week comes from experts at Arthur D. Little. There is a growing push to install a massive fleet of battery-powered electric vehicles (BEVs) to displace internal combustion engine vehicles. Yet the question remains: do BEVs truly offer an environmental advantage with respect to global warming potential and secondary environmental impacts—and if so, at what cost?

In the News

Carbon Removal Could Clean Up Our Planet – If We Get It Right

Celina Scott-Buechler, Simone H. Stewart, RealClearEnergy

6 U.S. Banks Join Fed’s Climate Scenario Exercise

Anna Hrushka, Banking Dive

Natural Gas Ban Threats Spark Fear for Restaurants

Gianna Melillo, The Hill

Solar Costs Will Rise for Many Years, Says Saudi Arabia

Bloomberg

Tesla Cuts Prices in China in Sign of Slowing Demand

Jack Ewing, NYT

Wave of LNG Tankers Is Overwhelming Europe

Lori Ann LaRocco, CNBC

World Has Its 'First Truly Global Energy Crisis' - IEA's Birol

Reuters

ESG vs. GOP War Over Climate Going Nowhere

Tim Mullaney, CNBC

Reducing Demand Best Response to OPEC’s Oil Cuts

Matt Casale, Tony Dutzik, The Hill

China’s Zero-Covid Policy Impacts Oil Demand

Alex Kimani, Oil Price

Climate Protesters Throw Mashed Potatoes at Monet Painting

ABC News

Regulators Backing Off Plan to Force Emissions Disclosures

Liz Hoffman, Semafor

Investors Resist Efforts to Paint ESG as Political Issue

Ellen Meyers, Roll Call

Climate Group: Coal Projects Outside China ‘Uninsurable’

Isabella Kaminski, The Guardian

Dems Passed a Huge Climate Bill. Now They’re Talking Oil.

Josh Siegel, Politico

Multimedia

Gravitas Plus: The Dark Side of Electric Vehicles

WION

Are Electric Vehicles really clean? They run on dirty energy and blood of children as young as 6. Electric cars drive human rights abuse and child labour.

Twitter Posts Allege U.S. Is Behind Nord Stream Pipeline 'Sabotage'

FRANCE 24 English

A video circulating on Twitter erroneously suggests that US military bomber jets were seen flying over eastern Germany earlier this week, feeding Russian allegations of US "sabotage"...

LNG Tankers Queue Up Around Spain's Coasts

DW News

LNG has plugged a gap in Europe's energy mix since it became imperative to move away from Russian energy. Spain has the largest LNG terminal network in Europe. But LNG storage tanks ...

Left-Wing Media's Latest Climate Change Scapegoat

Fox News

ClimateDepot.com founder Marc Morano slams a CNN article's claims that pets contribute to the climate change crisis with their carbon footprint.

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