Energy Realism this past week discussed the intrinsic value of oil, which is the most important and irreplaceable fuel in the world, and why anti-oil policies are the core of our energy crisis and rampant inflation. Daniel Turner gets us started by analyzing Joseph Toomey’s recent RealClearEnergy report: Energy Inflation By Design. When Americans suffer enough, when the pain threshold is reached, they will cry out for relief – and then the green transition can truly begin. Such absurd ideas coming from the Biden administration seem without end. Earl Matthews looks at the truly horrific idea of banning U.S. oil exports. Those of us who understand how global energy markets actually work understand just how misguided the Democrats are on this. Oil is sold on an international market, and banning exports will de-incentivize new oil production. Not only would such a ban backfire and cause gasoline prices to increase for American drivers, but it would also alienate our global allies and undermine U.S. national security. But, this was the plan from the beginning right? President Biden already said that we must “transition” away from oil, even though that is totally impractical since oil has no significant substitute whatsoever. Robert Bryce examines such unrealism coming from the administration and its supporters. The fact is that if oil never existed, we would have had to invent it. Fracking today accounts for 90% of U.S. oil and gas production. The sine qua non of U.S. energy production, without it, there is none. This probably explains why Democratic John Fetterman has been forced to flip flop on his non-support, err support, of fracking in Pennsylvania, our second most important fracking state. Larry Behrens argues that such an “America last” policy should hopefully cost Fetterman the election. Indeed, the Essential Reading this week clearly explains why those who portend to want to “fight climate change” should actually be fracking’s biggest supporters. In the News Emma Newburger, CNBC QCaptain Lillianna Byington, Bloomberg Government Robert Rapier, Oil Price Nicholas Harris, UnHerd Hans Nichols, Axios FT Sharon Udasin, The Hill Issam Ahmed, Phys.org Alex Epstein Irina Slav, Oil Price WCVB5 Silvia Amaro, CNBC Lora Kolodny, CNBC Tyler Durden, Zero Hedge The One Show Lauren Laverne and Jermaine Jenas are joined by Greta Thunberg to chat about climate anxiety, her new book, The Climate Book, and crocheted frog hats. Reuters Next week's U.N. climate conference has much to discuss — from financing the transition to clean energy to protecting the world's forests and future-proofing its cities. But some eff... CBS News OPEC estimates show that the world markets could demand more oil for the next decade, despite a push toward renewable energy and electric cars. Tom Kloza, global head of energy analy... Kite & Key Media Today, many major corporations spend just as much time telling you about the good they do in the world as they do pitching you products. Which sounds great, but … are these “ethical”... Fox Business StormWall Advisors founder and former Lazard managing partner Michael Wilkerson says the Biden administration has created 'an impossibly high hurdle' to attain energy security. |