Unleashing American Energy
This week the Ancova team made a trip down to Houston to visit our friends the Digital Wildcatters and attend their 1st annual FUZE conference. As always, DW knows how to throw a party. It was a first class event with top notch speakers and engaging panel discussions.
Ancova had a booth at the event and passed out “Energy is Life” tee shirts to those that subscribed to the newsletter. Welcome to those of you that we met at the event. We are glad you are here!
We also got the pleasure of hearing Toby Rice give his keynote speech and talk about the benefits of U.S. Natural Gas.
The key takeaway? Climate activists should be advocating for more fossil fuels.
Here’s why:
Oil and natural gas are not the largest source of CO2 emissions, coal is. If you are someone who wants to reduce CO2, then attacking oil and natural gas is never going to achieve the emissions goals you are hoping for, in the timeframe you are hoping to achieve them.
The U.S. is leading the world in emissions reductions. Emissions have been in free fall since 2007. During this period the international community has been burning record amounts of new coal. How has the U.S. beat its emissions goals? Increased use of natural gas.
From 2005- 2019 U.S. natural gas reduced 2x more emissions than renewables. By exporting this trend to the rest of the world, we could reduce 1.1 billion tons of CO2 by 2030. Increased natural gas is the only feasible near-term way for the world to meet emissions targets.
Natural gas is the best “green” tech ever deployed. And it’s not even close. Stack the U.S. natural gas industry up against the other large scale green initiatives and the results are undeniable.
Not only can natural gas rapidly decrease emissions, but we also don’t need new tech. No fancy batteries, better solar panels, or offshore wind turbines. Just 4x the natural gas export capacity, new import terminals, a few new pipelines, & there’s your energy transition.
But.. but.. METHANE LEAKS! Sure, methane leaks are a problem. No one in the natural gas industry wants them (it means less revenue). How do we solve it? Easy, we already are. Will Russia & OPEC solve them, probably not. That’s why we need to do it in the U.S.
What are the hurdles to this strategy? The environmental movement. Cancellation / delays of natural gas infrastructure has resulted in hundreds of millions of metric tons of unnecessary CO2 emissions.
The slides in this thread were pulled from EQT’s Unleashing U.S. Natural Gas presentation that you can find here: https://www.eqt.com/wp-content/uploads/2022/03/LNG_Final.pdf
Talk Energy Podcast
This week’s guest is Dr. Chris Keefer, the host of the Decouple Podcast and President of Canadians for Nuclear Energy.
Chris got into the energy podcasting space about 2 years ago and has a catalog of over 180 episodes. He has had some great guests and I suggest everyone go check it out and subscribe to his channel.
This episode we discuss his recent trip to advocate nuclear with top Canadian politicians, including the Prime Minister Justin Trudeau.
We discuss the brewing scandal around the recent Hydrogen project just announced between Canada and Germany, and why so many economically unviable projects are being favored over reliable energy that we already have available today.
Lastly, we get Chris’ views on energy broadly and the takeaways he’s had from doing the Decouple podcast.
Hope you enjoy the show!
Market Update
