Energy Realism this past week looked at how oil and gas development can help cities, while the green obession to force more wind and solar power at all costs can hurt them. Now our second largest natural gas producer after Texas, the shale revolution since 2008 has turned Pennsylvania into an energy powerhouse. Jeff Nobers agrees with President Biden’s Energy Secretary Jennifer Granholm that shale capital Pittsburgh has become a prime example for other states. She calls it “the Pittsburgh playbook” for diversifying an economy, especially critical for a city long desperate to replace its fleeing steel industry. California in particular could learn a lot from the ‘Burgh. Joel Kotkin discusses how Kern County, once a booming oil region, has been destroyed by progressive policies. Indeed, climate change obsession sits at the core of this assault. Climate obsession has even hit oil and gas titan Texas, where a taxpayer subsidized boom for wind and solar just had the state confronting another power crisis. Robert Bryce wants us to “follow the money,” as a ridiculous amount of resources are being thrown at renewable energy systems that are both unreliable and higher cost. The real moral problem, however, is that so many in the green movement hypocritically insist that the still developing countries only focus on renewables, despite the fact that that they cannot afford them. Adam Houser knows that climate obsession will only serve to keep Africa poor. In fact, as many energy options as possible are required because resource-rich Africa has over 600 million people that have no access to electricity whatsoever – with energy deprivation being the world’s forgotten calamity. Essential Reading Christina Ng, Institute for Energy Economics and Financial Analysis To meet a net-zero carbon goal by 2060, international players in the environmental, social, and corporate governance space need much more evidence that market discipline for China’s own green bond issuers will be improved. In the News David Kreutzer, Institute for Energy Research Laura Weiss, Roll Call James Mackintosh, The Wall Street Journal Clean Energy Wire Irina Slav, Oil Price David Middleton, WattsUpWithThat Rachel Adams-Heard, Bloomberg Brian Eckhouse, Yahoo News Scott DiSavino, Reuters Mike Colias, The Wall Street Journal U.S. Senate Committee on Banking, Housing, and Urban Affairs William Murray, C3 News Mag The Economist Haley Zaremba, Oil Price Ian Morse, Science Mag CNBC International The G7 or Group of Seven is an organization made up of world’s “most influential” and “advanced” economies. Every year, the leaders of the United States, United Kingdom, Canada, Fran... CBC News University of Calgary's Richard Masson says politics played a role at the death of the Keystone XL project pipeline. The Alberta government and TC Energy announced today the terminat... WithTheEconomist The global ESG imperative continues to reshape supply chains. We interview Dr. Richard Haass on this increasingly critical subject. Robert Bryce Rupert Darwall is a fellow at the RealClearFoundation and the author of two books: Green Tyranny, and The Age of Global Warming. In this episode, Darwall talks to Robert about his re... |