Great post - thanks for sharing your knowledge and experience. Biden seems to unknowingly be committing the Streisand effect, calling so much attention to a problem he didn't have to own and that he can't really solve (at least short-term). It has to be rather frustrating for oil companies to provide such an important global resource yet be treated like greedy, immoral criminals who get off on pouring sludge down the throats of baby ducks.
As someone that is younger in their career, I'm fascinated to watch the dynamics of the energy industry unfold over the coming decades. Does the perhaps rushed push towards renewables create an energy crisis? When do EVs achieve >50% market share? Do companies/countries meet their 2030/2050/2060 targets for net zero or elimination of ICE vehicles? What's the price of oil in 20 years? It would be fascinating to hear your thoughts on any of that, Arjun.
Love the "Streisand effect" naming. I really find Biden's entire approach baffling. I really think the "truth" is on his side...no idea why he doesn't just go with it since there really is very little he can do short-term. We'll see how long this SPR dip really lasts. You raise some good Qs that I do plan to address in future posts.
Arjun, you nailed it…”you will never have sensible climate policies without first getting energy policy right. Energy is primary. We have the air we breathe, the water we drink, and the energy we use. I would define any policy that seeks to reduce energy supply as definitionally a bad idea, especially if an abundant, affordable, dependable alternative is not yet available.”
Great post - thanks for sharing your knowledge and experience. Biden seems to unknowingly be committing the Streisand effect, calling so much attention to a problem he didn't have to own and that he can't really solve (at least short-term). It has to be rather frustrating for oil companies to provide such an important global resource yet be treated like greedy, immoral criminals who get off on pouring sludge down the throats of baby ducks.
As someone that is younger in their career, I'm fascinated to watch the dynamics of the energy industry unfold over the coming decades. Does the perhaps rushed push towards renewables create an energy crisis? When do EVs achieve >50% market share? Do companies/countries meet their 2030/2050/2060 targets for net zero or elimination of ICE vehicles? What's the price of oil in 20 years? It would be fascinating to hear your thoughts on any of that, Arjun.
"the Streisand effect"--hadn't heard that one before...love it!
Love the "Streisand effect" naming. I really find Biden's entire approach baffling. I really think the "truth" is on his side...no idea why he doesn't just go with it since there really is very little he can do short-term. We'll see how long this SPR dip really lasts. You raise some good Qs that I do plan to address in future posts.
Thank you, Arjun, very informative.
Thank you David. very much appreciate that.
Arjun, you nailed it…”you will never have sensible climate policies without first getting energy policy right. Energy is primary. We have the air we breathe, the water we drink, and the energy we use. I would define any policy that seeks to reduce energy supply as definitionally a bad idea, especially if an abundant, affordable, dependable alternative is not yet available.”
Thank you @onecoolplanet. The concept of "energy policy" being primary over "climate policy" I think bears more follow-up in the future.