“We believe that the looming global supply-demand imbalance for energy creates a generational opportunity for American companies like Chevron to both create significant shareholder value and contribute to human flourishing.”

– Vivek Ramaswamy (Executive Chairman, Strive Asset Management)

It is time for change. Energy companies should embrace consumer-oriented, taxpayer-neutral Good Profit–not bad profit from favorable government intervention. The futile, wasteful “energy transition” needs to be stripped of its government engine to cease. And real energy firms need to push back against climate politics.

Adam Anderson, CEO of Innovex Downhole Solutions, productively called out North Face when the VF Corporation subsidiary refused to fill a shirt order because the customer was in the oil business. Liberty Energy has successfully played offense against the critics of mineral energies and industrial progress.

And don’t forget that U.S.…

Ed. note: This post excerpts energy and climate material from the Media Balance Newsletter, a fortnightly published by physicist John Droz Jr., founder of the Alliance for Wise Energy Decisions. The complete MBN for this post can be found here.

Greed Energy Economics:
*** The next alarmist goal: Stifling debate on costs of green energy
*** Wrecking a Nation One Electricity Bill at a Time
Hawaii Electricity Prices To Skyrocket As Final Shipment Of Coal Arrives

Renewable Energy: Health and Ecosystem Consequences:
*** ISO New England: Reserve margin may need to rise to 300% by 2040 as more renewables added to grid
Grid-Scale Battery Systems in New England to Counteract Shortfall of One-Day Wind/Solar Lull

Renewables (General):
*** Chasing Utopian Energy: How I Wasted 20 Years of My Life
Carbon Capture Pipelines = Environmental Idiocracy!…

“Bad Profits, rent-seeking, resource misallocation–it’s an upside down world, turning Ayn Rand’s dis-utopian world in Atlas Shrugged into reality one step at a time.”

“Manchin-Schumer leaves no special interest unrewarded,” wrote Robert Bryce. “The legislation is so broad and has so many carve outs that it has been lauded by Exxon Mobil and the Natural Resources Defense Council.”

The new law’s “lollipops” (Bryce) go to wind, solar, EVs, ethanol, carbon capture and storage, and hydrogen–all money losers on a real free market. Bad Profits, rent-seeking, resource misallocation–it’s an upside down world, turning Ayn Rand’s dis-utopian world in Atlas Shrugged into reality one step at a time.

It is a sad day when ExxonMobil, once a bastion of climate and energy realism and good business, goes all-in with the Inflation Reduction Act
of 2022.…

“It seems that the only people who could claim a $14,000 [home electrification] rebate have well above average income.  If so, like $7,500 electric vehicles (EV’s) rebates, this is an incentive that primarily will benefit the already well-to-do; except nearly twice as much as EV’s.”

“Without gas utilities to serve heating demand, electric utilities will become winter peaking, requiring massive investments of generating capacity and/or battery storage.”  

Searchable text of Inflation Reduction Act is here.

The American public has been sold out in energy and climate just when the opposite seemed to be at hand. This bill is about bigger government, more spending, greater deficits, and more monetary inflation (federal counterfeiting) to make it all work (see Concerned Economists letter).

Hidden in the Bill are innumerable special-interest government interventions, one of which is very anti-consumer that no one is talking about.…