Energy Realism last week looked at just how expensive climate dreams really are when it comes to deciding which energy policies to enact. David Holt got us started last week: Unfortunately, we were worried that many of the predictions we’ve made over the past three years would come to pass, and they have, with prices rising higher and energy becoming less reliable. This predictably sad state of affairs first strikes those among us least able to withstand the blow, meaning our senior citizens, our fellow Americans in poverty or with low incomes. The expensive EV obsession is particularly worrisome. Michael McAdams argues that our transportation market must remain focused on all-of-the-above. To meet our ambitious climate goals, we must develop an inclusive strategy that incorporates low-carbon advanced biofuels to complement the electrification market and extend the reach of low-carbon transit. Duggan Flanakin agrees. Two months into his Presidency, Joe Biden announced a $2 trillion infrastructure plan that included $174 billion in grants, subsidies, and other payouts to encourage Americans to switch to battery-electric vehicles. Since that initial “investment,” billions and billions more have been poured into what is increasingly a failing effort to convince or cajole auto buyers to switch. These huge expenditures, together with COVID and war monies, have ballooned the national debt to the point that 76% of income taxes are needed just to pay interest on that debt. In the News The Empowerment Alliance Newt Gingrich, RCWire Larry Elliott, The Guardian Ben Shapiro, Daily Wire Neil Atkinson, RealClearEnergy Casey DeMoss, RealClearEnergy Douglas McIntyre, Climate Crisis 247 David Holt, RealClearEnergy Ras J. Baraka, RCWire Kristen Walker, RealClearEnergy Tomer Hadar, YNet Maya Derrick, Energy Digital Kana Inagaki, David Keohane, FT Michael McAdams, RealClearEnergy Mike Roman, RealClearEnergy CNBC International Amrita Sen, founder of Energy Aspects, discusses the outlook for crude as oil prices hovered at eight-month lows amid U.S. recession fears. TED Millions of people say they care deeply about climate change ... yet they're not showing up at elections to turn their concern into political power, says environmental voting advocat... Bloomberg Television Chevron CEO Mike Wirth talks to Bloomberg's Alix Steel about moving the company headquarters from California to Houston, it's latest round of earnings, oil prices and the dispute wit... |