Energy Realism this past week looked at the clear need to support our power grid AND the U.S. oil and gas sector. Sorry, but those pushing back on gas especially are worsening climate change because it just means more coal. Kristen Walker got us started last week: are electric cars really a climate necessity? The answer might surprise even their most strident promoters. Joe Biden’s goal of zero-emissions vehicles comprising 50% of all new car sales by 2030 is overly ambitious, if not unrealistic. Toyota just released a study showing that we don’t need EVs to dramatically lower carbon emissions. But no matter what, the U.S. power grid is only becoming more important, namely since we are indeed going to be using more electricity across all sectors of the economy. Paul Steidler reminds us that we must stay vigilant on keeping our grid safe and secure. China, Russia, and Iran continue to see it as our major security vulnerability. This is a perfect spot then to highlight Jude Clemente’s new article: natural gas will continue to be the cornerstone of the U.S. electricity sector. Be very careful believing the new U.S. Department of Energy forecast that more wind and more solar will mean less gas. The evidence for such a projection is scant. See Germany; See California. No wonder then that Gerard Scimeca has a very stern warning for GOP (yes, GOP!) representatives in Alaska that are now, inexplicably, considering overburdening the state’s integral oil and gas industry. Facing challenging budget decisions, Alaskans are now dealing with a swarm of environmental activist groups seizing the opportunity to push for massive tax increases on oil & gas production, industries that account for an astounding 85% of state revenue and supply over 10% of all jobs. Ultimately, we must see the exact opposite type of policies to SUPPORT the oil and gas industry. Earl Baker gives us the truly bizarre story of the environmentalist action film “How to Blow up a Pipeline.” Yes, you read that correctly. That is the title. The film criticizes climate activists’ commitment to pacifism and argues for the adoption of strategic property destruction as a tactic to destroy pipeline infrastructure projects. Shouldn’t this be crime? Our Essential Reading then must highlight the ultimate reality check for the zealots. Coming from the Centre for Policy Studies, environmentalists should actually be favoring more fracking and more natural gas. Shale gas can help lower greenhouse gas emissions to fight climate change by displacing coal, which is still easily the world’s primary source of electricity. In the News Thor Hinckley, RealClearEnergy Brandon Gillespie, Fox News The Editorial Board, WSJ Tristan Justice, The Federalist John Hugh DeMastri, Daily Caller CNBC Terrence Keeley, RCMarkets Andy Kessler, WSJ Bernard Sharfman, RealClearMarkets Krukowska et al., Bloomberg Joel Kotkin, Spiked James Lynch, Daily Signal Sawdah Bhaimiya, Business Insider Francis Menton, Manhattan Contrarian Brett Davis, The Center Square Tellurian #Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipel... Fox Business United Refining Company Chairman and CEO John Catsimatidis discusses Saudi Arabia cutting oil production, rising gas prices and the impact on American consumers. |