Premier Annastacia Palaszczuk has called for the NSW, Victorian and federal governments to fund a gas pipeline from Queensland to southern states to ease power price pressures. The Albanese government is considering gas market spot price caps and potential subsidies in a bid to curb rising retail power bills. The Queensland premier has rejected those…
Volkswagen Says EV Battery Plants ‘Practically Unviable’ in EU Due to Soaring Energy Costs
November 29, 2022
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Volkswagen’s CEO wrote that electric vehicle battery plants in the European Union are “practically unviable” at this moment due to soaring energy costs. Further investment in key industrial projects such as battery cell plants in Germany and the EU are becoming more unfeasible due to policymakers inability to control skyrocketing long-term energy prices, according to…
Tokyo Governor Suggests People Wear Turtlenecks as Northern Hemisphere Faces Winter Energy Crisis
The governor of Tokyo has suggested that people wear turtleneck sweaters to keep warm and reduce their electricity consumption this winter amid the global energy crisis. Tokyo governor Yuriko Koike said that turtlenecks have a thermal effect that can help people endure the winter, a season in which heating demand is expected to surge and…
Joe Biden’s ‘Alternative Energy’ Fantasy
November 19, 2022
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Commentary “Look, kiddo, I want you to look at my eyes. I guarantee you. I guarantee you. We’re going to end fossil fuels.” Joe Biden, 2019 We energy realists knew that all this was inevitable, although it might have come about even faster than we expected. A historic energy crisis is the only possible result of spurning…
Wake Up America: Soon Is the Winter of Our Discontent
Commentary Many Americans are woefully unaware of the impending (and in Europe, already underway) spikes in energy prices and shortages of supply. Last month it was reported that the United States has only 25 days’ worth of diesel fuel remaining—the lowest level in October since the Energy Department’s Energy Information Administration (EIA) began such reporting…
Why International Climate Summits Are Doomed to Fail, Part 2: Upward Mobility for Poor Depends on Energy
November 6, 2022
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Commentary Here’s a reality-framing statement for the roughly 190 countries headed to the COP27 climate summit in Egypt that opens on Sunday: Global carbon dioxide emissions in 2022 appear to be higher than pre-pandemic levels, again, and yet, according to the U.N., greenhouse gas emissions must be reduced 43 percent (relative to 2019 levels) by 2030. Why is the…
Critical Facts Ignored in the Climate Change Debate
November 4, 2022
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Commentary Many Western countries are enacting policies to rapidly transition away from fossil fuels (coal, natural gas, and oil) to less reliable and costly “green” energy sources (mostly wind and solar) while ignoring the critical benefits that hydrocarbons provide. The outcomes will be nothing short of calamitous for more developed countries as their energy industries…
Joe Toomey’s Searing Indictment of President Biden’s Energy Policies
October 28, 2022
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Commentary With the midterm elections just two weeks away, it seems almost too easy to pick on President Joe Biden. His approval ratings are bad (about 38 percent of those polled approve of his job performance) and candidates from his own party are staying away from him. As ABC News reported recently, “Democrats in make-or-break…
Steel Giant Shuts Down Plants in Germany, Sparking Energy Crisis Fears
October 26, 2022
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The energy crisis has been hitting Europe’s largest economy hard, with two of Germany’s largest steel manufacturing plants being forced to shut down. ArcelorMittal’s plan to deactivate one of its largest steel plants in Hamburg last month caused shockwaves through out the industry. The world’s second largest steel company also said it would later shut down…
Learning All the Wrong Lessons From America’s Energy Crisis
October 26, 2022
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Commentary Self-inflicted wounds create teachable moments, but the architects of America’s current energy crisis are learning all the wrong lessons. Skyrocketing energy costs are one of America’s harsh post-COVID realities. And with one in four American households struggling to pay for their energy needs before COVID, policymakers should have set their sights on making energy more affordable…
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