Links tagged “energy”

Energy analyst Tilak Doshi: On attaining office, President Biden immediately unleashed a series of executive orders to reverse his predecessor’s strategy of “energy independence”. At a stroke of his pen, he revoked permits for the Keystone XL pipeline, suspended oil leasing in Alaska, halted oil and gas leases on federal land, and even invoked the Endangered Species Act to block energy resource development on private lands in the West. ... 

The Biden administration implored foreign producers to ramp up oil exports while doing its best to stymie America’s own oil and gas industry. Scott Angelle, a former Republican lieutenant governor of Louisiana and secretary of natural resources, said bluntly: “The White House doubles down on favoring OPEC production while giving the middle finger to American energy jobs, American energy consumers [and] climate-advantaged American production.” ... 

After essentially calling for the most fundamental transformation of the global energy system since the advent of the Industrial Revolution over two centuries ago — to be completed within the next three decades — the IEA opined just weeks later that "OPEC+ needs to open the taps to keep the world oil markets adequately supplied". And, on cue, as Europe’s gas and power prices surged to record levels, the IEA called on Russia to be a “reliable supplier” and send more gas to Europe. ... 

Bloomberg News: "Young people are even more wary about taking a job in an industry that they’ve consistently been told has no future given the global push toward clean energy." ... 

Miners who have left the industry aren’t coming back, and more significantly, new ones aren’t joining, Thrasher said. “There’s a perception that the coal industry, if not dead, is dying,” he said. “Young people just have many more choices.” ... Yet that surge in demand is constrained by miners’ limited ability to boost output. Coal companies have been closing mines and cutting staff in recent years amid the global push to rein in the carbon emissions that are driving climate change, and it’s known as the dirtiest fossil fuel. Local and national governments that have rapidly moved to embrace clean energy, are now discovering the potential pitfalls of moving too quickly away from fossil fuels.