By Rupert Darwall ~

Since Russia attacked Ukraine two months ago, Western governments have been learning the hard way about the critical importance of energy to their national security. Germany’s 20-year, trillion-dollar “Energiewende” (Energy Transformation) has made its economy totally dependent on supplies of Russian natural gas and paralyzed its response to Russian aggression. French president Emmanuel Macron faces a tougher re-election fight this month thanks to soaring energy prices and failure to replace the nation’s aging fleet of nuclear power stations. The Biden administration is tapping America’s Strategic Petroleum Reserve in an effort to tamp down energy costs as inflation heads toward double digits.

As the West grapples with the energy implications of a hostile Sino-Russian alliance, the steering group of the Net-Zero Asset Owner Alliance, whose members manage over $10.4 trillion of assets, issued a statement urging Western governments not to sacrifice climate goals for energy security…

From the team at CFACT ~

By Benjamin Zycher:

Oh what a tangled web it weaves when first the Biden administration practices to deceive. That is a slight paraphrase of Sir Walter Scott’s famous observation, but it is wholly appropriate as a general description of the Biden administration’s desperate efforts to avoid political responsibility for the sharp increases in fuel costs for which its fossil-fuel policies are almost entirely to blame. The incoherence of those policies is blatant, combining tightening constraints — formal, informal, direct, indirect — on investment in domestic crude oil production capacity and associated infrastructure (e.g., pipelines) with exhortations to both foreign and domestic producers to expand output in the here and now so as to reduce the adverse political effects of high fuel costs.

Last month there was the announcement that over the next six months 1 million barrels per day (mmbd) of crude oil…