Energy Realism this past week looked at the real goals of “going green,” and why our support of oil and gas is not debatable but mandatory. Michael Chamberlain got us started last week. The truth is becoming even more abundantly clear: “green” really is about The Green. Dollar bills y’all. If President Biden is serious about more renewables, he should look down Pennsylvania Avenue to the headquarters of the EPA. EPA’s door revolves fast enough to power the nation for decades, with the rate of spin exceeded only by the attempts to provide cover over possible ethics missteps. Protect the Public’s Trust has developed an extensive file of probable ethics violations by senior EPA officials. Indeed, Gary DiElsi examines why we are even having trouble defining “clean hydrogen.” In the past few years, a series of government initiatives have set the groundwork for a new clean hydrogen industry as a critical replacement for fossil fuels. But these initiatives, and the efforts to define what will qualify as clean hydrogen, are missing the point. The fossil fuel dominance, however, is just so overwhelming. Mike Roman gives us the numbers that support this simple idea: climate goals should center on the reality that gasoline cars are so massively ingrained that the climate goal should be to reduce emissions from them, not to obsess over more expensive and less practical electric cars. This all confirms why DC politicians picking our energy winners and losers with policy is a really big problem. David Vasquez knows that the Biden administration’s decisions are intended to hinder traditional sources of energy so government-funded wind and solar projects can supplant them. The backlash, and seemingly downright hatred, of America’s oil and gas industry, for instance, is a train wreck in the making. Oil and gas supply 65% of America’s energy and not supporting them is a gigantic economic calamity waiting to happen. None of it makes sense. Guy Caruso reports on how the industry is drastically cutting methane emissions and has ambitious climate plans that get deserved credit. We thus conclude with our Essential Reading this week from the legendary Vaclav Smil. For our climate goals, as the cleanest fossil fuel with the lowest CO2 emissions, natural gas in particular has an essential role to play, especially in Asia where it can displace the overdependence on higher emission coal. For “going green,” getting Asia off coal and onto gas is our most vital climate fight. In the News Lynn La, CalMatters Peter Muiruri, The Guardian Al Jazeera Courtney Subramanian, Tracy Wilkinson, LA Times Tiffanie Turnbull, BBC Editorial, Oil Price Daniel Sutter, Yellow Hammer Irina Slav, Oil Price Linda Apsey, RealClearEnergy Benjamin Zycher, RealClearEnergy Duggan Flanakin, RealClearEnergy Ethan Brown, RealClearEnergy Catherine Reheis-Boyd, Chet Thompson, RealClearEnergy Michael Chamberlain, RealClearEnergy Felicity Bradstock, Oil Price CNBC International TV Martin Houston, Vice Chairman of Tellurian, discusses the global outlook for LNG. Healthcare Triage So far in our adventures on climate change and health, we’ve covered the critical issue of how our water supply is impacted by a warming planet, and that is a perfect segue into some... CNBC Television Dan Yergin, S&P Global vice chairman, joins 'Squawk Box' to discuss if Yergin's been surprised at the strength of crude oil, if the U.S. is doing all it can to drill for oil, and if ... RealClearEnergy Orsted, a Danish company that is building wind farms off the coast of Maryland and other states along the Eastern seaboard, has recently run into financial trouble. According to a r... |