Energy Realism this past week looked at President Biden's faulty energy and climate plan, while also focusing at what was probably the worst energy crisis Texas has ever seen. Our Senior Fellow Rupert Darwall has some serious concerns about President Biden’s green obsession. Fed Chairman Powell might think that the inflation of the 1970s is dead and buried but he and the new administration are doing just about everything to turn the 2020s into a replay. Kevin Mooney agrees that President Biden is on the wrong energy path. Even by Biden’s own environmental metrics, his assault on oil and gas makes no sense because it could push us back to higher emission coal. Indeed, Biden’s leasing ban is a lose-lose as it cuts a path toward less energy independence and worse environmental conditions. David Whitehouse argues that there is no Manhattan Project coming for climate change. Moon shot projects are just great banners behind which groups of nations, or indeed the whole world, can unite and feel that their combined resources will make something happen. Heather Reams says that lasting climate progress will only come when our leaders abandon such political posturing and start listening to their constituents and prioritizing common sense. We are obviously not doing that with the meteoric rise of Elon Musk, the “world’s richest man.” Tim Benson shows how Tesla's stock value has surely skyrocketed but not because of the profitability of its main product. It centers on the worsening scam of Musk’s government credits operation. Finally, we must hit the elephant in the room this past week. John Droz Jr. explains the causes of the Texas energy crisis. Sorry, but the solution is clearly not “blowing in the wind.” Essential Reading Gautam Kalghatgi, The Global Warming Policy Foundation All available technologies, including BEVs, ICEVs and novel fuels, where they make sense, need to be deployed to mitigate the impact of transport on emissions. In the News Jason Isaac, The Federalist Liam Denning, Bloomberg Ian Haworth, The Daily Signal Kalyeena Makortoff, The Guardian David Blackmon, Forbes Jake Dima, Washington Examiner Amy Stillman, Yahoo Finance Rob Port, Grand Forks Herald Alex Epstein, Energy Talking Points Nicole Goodkind, Fortune The Dallas Morning News Yahoo Finance Michael Lee, Washington Examiner Zack Colman, Politico Erick-Woods Erickson, EE Show Erick Erickson What is really going on in Texas' power outages? Glenn Beck Alex Epstein, President & Founder of the Center for Industrial Progress, explains to Glenn why Texas is currently facing an ‘extreme’ power blackout. He says energy blackouts in the ... IHS Markit Hess Corporation CEO John Hess examines oil market dynamics, new strategies for U.S. shale producers, energy’s role in economic recovery & the dual challenges of increasing energy su... WFAA Many Texans are rightfully asking why the largest energy producing state in the country cannot produce enough energy to get through a week of below-freezing temperatures. UBS The impact of COVID-19 on the energy sector and what that means for sustainable investing. Bloomberg Live In this latest installment of Invest Talks, former Governor of the Bank of England and current Brookfield Asset Management Vice Chair and Head of ESG and Impact Fund Investing Mark C... |