Educating, entertaining and engaging America on all things energy! Listen live to "The Jacki Daily Show" Sundays 7 a.m. - 9 a.m. ET on TheBlaze Radio Network
‘Sue and Settle’ Legislative End-Run is Back; Keystone Pipeline $15B Suit | Guests: C. Wright; M. Luttrell
A 15-billion-dollar lawsuit has hit the Biden Administration after it cancelled the Keystone XL Pipeline. The Canadian developer claims massive damages from the reversal of the Trump policy to finish the pipeline… which was a reversal of the Obama policy. After more than eight years of study and hundreds of meetings with state, local, tribal, and federal officials, the developers had their contracts destroyed when Biden killed what was the most advanced and safely designed pipeline to date; the pipeline would have delivered crude with a tiny fraction of the carbon emissions of the alternatives (Buffet’s crude-by-rail or crude-by-truck). Pipelines have a safety record that is 50% better than crude-by-rail, which delivers hazardous materials safely from point A to point B literally 99.9% of the time. Is the pipeline cancellation really about the environment and safety? Or a continuation of killing U.S. energy security?
Climate change is real, and mankind plays a role, but is this a problem? Will climate change bring economic disaster? Is it an existential threat? Resoundingly “No,” according to Steven Koonin, the former Undersecretary of Science in the Obama administration’s Department of Energy. He recently released Jacki’s favorite new book, “Unsettled: What Climate Science Tells Us, What It Doesn't, and Why It Matters." Koonin proves that sea levels are not surging, and that hurricanes and tornadoes have not become fierce and more frequent. Koonin is the author of more than 200 peer-reviewed articles in physics and climate science, and a professor of theoretical physics at NYU’s Department of Physics, Tandon School of Engineering, and the Stern Business School. Jacki highly recommends this book.
Can the judicial branch bend the executive branch to its will? Yes. “Sue and Settle” is back. When fringe elements of an activist movement cannot get their way legislatively - through the people’s representatives - they forum shop for judges sympathetic to their cause. Activists sue friendlies inside the Biden administration … who then settle. This is an end run around the legislatures and a clear violation of our federal government’s separation of powers, with judges usurping the legislature’s lawmaking function. It is the judiciary’s job to say what the law is - not what it should be.
Then, Jacki talks with Chris Wright, CEO of Liberty Oilfield Services, a large hydraulic fracturing (“frac’ing”) company, whose ESG report is one of the few that properly gives credit to the oil and gas industry for lifting people all over the world out of poverty. Liberty’s ESG report should be a model for all oil and gas companies.
Finally, Jacki discusses cybersecurity with Morgan Luttrell, retired Navy SEAL who served in Iraq and Afghanistan. Luttrell is running for Congress in Texas, and they talk about how hostile nations can mount a cyber corps to attack the vulnerable economic underbelly of the United States.
What is Driving Your Retirement Investments? Politics? Or Returns? | Guests: J. Isaac; B. Peacock; H. Ludwig
Is it legal for banks to engage in a group boycott of fossil fuels? Can your retirement fund manager “play politics” with your money, divesting from fossil fuels to save the climate with “green” investments – even if returns will be lower? Jacki talks with Jason Isaac, director of the Texas Public Policy Foundation’s Life:Powered Initiative, which just launched a landmark white paper explaining many ways that a company or fiduciary could be held liable for letting politics guide their investments. Plus, the two discuss what you can do if you think you have been on the receiving end of this unlawful behavior.
Who funds anti-fossil fuel activist communities? Hayden Ludwig is a senior investigative researcher at the Capitol Research Center, Jacki’s go-to source exposing activism dollars. When so many U.S. energy and environmental policies seem to favor Russia, China, and OPEC, one wonders whether those countries play a hand in funding the activism … or whether the movements are home grown. Ludwig breaks down American sources of funding.
Finally, Texas and other states have experienced a spike in power outages that Jacki predicts will become the new norm as unreliables - like wind and solar - become a greater share of the grid feed. “Unreliables” (a term borrowed from the prescient Alex Esptein) generate between 0 to 30% of their capacity – depending on the day’s weather. Many states (CA, TX, PA, etc.) are sitting atop all the oil, gas, or coal they need, yet fail to power homes and businesses – endangering lives – by mandating use of energy sources that do not work when needed most during extreme weather. Jacki discusses the problem with energy markets expert Bill Peacock, founder of ExcellentThought and the immediate past vice president of research at the Texas Public Policy Foundation.
Carbon As An Asset, Not A Liability; BLM, EVs, Life Span | Guest: W. P. Pendley
Federal land is rich with oil and gas that could decimate our national debt and trade deficit. Jacki discusses this topic with William Perry Pendley, the former acting director of the Bureau of Land Management. Pendley also talks about his decision to relocate the agency’s headquarters from the D.C. swamp to Colorado, moving the bureaucrats into the environments where they can actually experience first-hand the issues and people they oversee.
Then, in a recent “60 Minutes” interview, Sir David Attenborough said a “crime has been committed” because fossil fuels have “poisoned the earth” – never stopping to note that fossil fuels make possible human population growth, extended life spans, modern sanitation, and basically everything that modern life requires. He calls on everyone to make sacrifices. Jacki breaks down Attenborough’s one-sided worldview and what is really hostility to others enjoying the long life (95 years old!) and lavish, fossil-fueled lifestyle he enjoys as he jet-sets around the world.
Next, experts finally acknowledge that electric vehicles could likely have a higher carbon footprint than traditional internal combustion engine vehicles. Jacki balances the conversation on electric vehicles and explains that an electric future is as yet out of reach due to a scarcity of raw materials needed to manufacture them.
Finally, the social cost of carbon is portrayed as a great innovation to save the planet. The concept is calculated from unsubstantiated prognostications far into the future that are difficult to accurately assess or counter. Jacki explains why the Texas Public Policy Foundation opposes carbon pricing and what you can expect coming up from the Biden administration.
The Biden-Putin Meeting – Oil & Gas Should Have Been America’s Trump Card
Because of the frac’ing revolution, the U.S. became the #1 producer of oil and gas, plunging the price of both commodities, threatening the survival of countries like Russia that rely almost exclusively on oil and gas revenues to make their budgets. The Biden administration is making every policy move possible to destroy this geopolitical trump card, killing U.S. pipelines, while giving the Nord Stream 2 a sanctions clearance as a gift to the Kremlin. Hunter Biden’s questionable deals in Ukraine and Asia were energy deals. Why are the Bidens doing everything they can to boost foreign oil while destroying American oil producers? Why was smart discussion of oil and gas nearly missing from the Biden-Putin meeting when we know it is Russia’s thumbscrew? Jacki talks in depth about the Biden administration’s inability to understand the intersection of oil & gas and geopolitics, undermining U.S. interests, including our energy stability. Then, leaders at the Texas Public Policy Foundation’s Life:Powered initiative predicted an energy crisis this summer. They will almost certainly be proven right. Texas authorities are already warning Texans to start conserving energy. Why? Because reliable energy sources like nuclear, coal and natural gas that can produce 100% of the time are being steadily replaced over time with mandates for unreliable sources – wind and solar – that produce only about 1/3 of the time. Jacki explains why outages are not a February storm one-off event, but will instead become the new norm unless policy changes dramatically.
Fighting Biden and the EPA to Protect Crucial Energy Jobs | Guests: Morrisey, Freeman, Masters
WV Attorney General Patrick Morrisey updates Jacki on the states’ legal efforts to resist the Biden EPA. Morrisey and 18 other Attorneys General are petitioning the U.S. Supreme Court to limit the EPA’s reach because its policies are killing jobs in energy-rich states - particularly 36 states that produce fossil fuels.
Then, fellow Blaze host Kevin Freeman from the Economic War Room talks about ESG (“Environmental, Social and Governance”) investment criteria and how banks, financial institutions and pension funds are playing politics with our money, including our pension funds, backed by the taxpayer.
Then, Jacki speaks with “Dutch Masters,” CEO of Carnivore Trading. This unique company offers raw, un-woke analysis of investment opportunities to subscribers. Note: Carnivore is not a brokerage, does not sell securities, and it does not execute trades or manage money. Carnivore investors share their thoughts on the market, revealing what trades its leaders are making, so investors can mirror their strategies if they choose.
Taking on Woke CEOs; TX Boycotts Those Who Boycott Oil & Gas | Guests: S. Shepard; J. Isaac (TPPF)
Scott Shepard is attending board meetings at some of the largest corporations and publicly challenging their unprincipled virtue signaling.
Shepard, the deputy director of the National Center for Public Policy Research’s Free Enterprise Project, shares how he questioned Bank of America at its shareholder meeting: How can it oppose voter ID, while requiring individuals to show their ID to withdraw money or attend its board meetings?
In Twitter’s shareholder meeting, Shephard asked CEO Jack Dorsey: How can Twitter censor someone for questioning election integrity, but let terrorist regimes spread their hate on its platform?
Shepard discloses their responses on this episode.
Then, the director of Texas Public Policy Foundation’s Life:Powered initiative, Jason Isaac, celebrates two huge legislative victories in Texas that could be replicated across the country.
First, if banks refuse to lend to Texas oil and gas companies, the state will not do business with them, stripping woke banks of billions in business. Sixteen state treasurers have announced that they intend do the same for their states, making a significant impact on the bottom lines of major banks. Second, Texas taxpayers will get to keep billions rather than be forced to give green energy companies corporate welfare in exchange for “green” jobs … that often never materialized.
Great if you love paranoid conspiracy theories and fact-lite presentation
I admit that I couldn’t actually get through an entire episode, but I listened to about a third of the one about the climate bank and how it’s a dumb thing. Jason Isaac— representing the Texas Public Policy Foundation, catastrophizes the fact that investment in renewables are growing, even going so far as to say that banks are making “bad” investments in renewables. Daily herself echoes this bizarre and quite preposterous notion that companies aren’t actually driven by profit. (I guess the 300,000 jobs in the renewables sector and the billions in profits are just... what, smoke and mirrors?)
Anyway, there are a few things I thought were at least worth *thinking* about— but there was so much cognitive dissonance that it wasn’t worth killing more brain cells to finish. TPPF comprises some utterly rabid climate change deniers, and Isaac himself thinks that climate change is but alarmism, given the fact that plants need CO2 to survive and he enjoys a Topo Chico (actual quote). He also erroneously says that a warming climate doesn’t pose a threat by misleadingly saying that extreme cold events are a more immediate threat than heat events.
Most puzzling is just the idea that we should somehow chase after socially conservative investments. Daily herself pushes this through some hokey organization that rates organizations and companies by how conservative their values are. The top-scoring candidates are almost all nonprofits. The bottom-scoring candidates are all— wait for it- Fortune 100 companies. What a weird world to live in.
From LA LIBERTY