Ed. Note: This post excerpts energy and climate material from the Media Balance Newsletter, a free fortnightly published by physicist John Droz Jr., founder of the Alliance for Wise Energy Decisions. The complete Newsletter for this post can be found here.

Greed Energy Economics:
*** Study: Green Energy and Economic Fabulism
*** Study: Residents in Blue States Pay Much More for Electricity than in Red States
Michigan Energy Plan: At Least $200 Billion For Wind, Solar and Corporate Profits With No Effect On Global Climate
The US should take warning from the huge costs of British floating wind power

Unreliables: Energy, Health, and Ecosystem Consequences:
World Leaders Ignore Growing Safety Issues with Green Energy

Unreliables (General):
*** The Green Energy Wall gradually coming into focus
*** New York energy transition faces reliability challenges, grid operator says
The Biden Energy Slush Fund
Demonstration Challenge

Wind Energy — Offshore:
*** What Happened to the Great Lakes Offshore Wind Boom?…

“The global environment crisis may demand responses that are comparatively radical…. It will call for … a Strategic Environment Initiative.” (Al Gore, 1989)

Al Gore might be the the slickest of the 70,000 expected at the United Nations’ Conference of the Parties (COP28) climate meeting in the United Arab Emirates (UAE) from November 30th until December 12, 2023. Gore is the world’s #1 climate barker–and has made tens of millions of dollars from his “crisis.” He has one of the highest CO2 footprints on the globe … but he is different, you know.

So what’s new with Al Gore’s pitch? Not much. His crisis in the 1980s is still the crisis of 2023. We are in a “planetary emergency.” We are almost out of time. There is hope with a new energy future….…

“After advertising its efforts to produce environmentally friendly fuels from algae for over a decade, Exxon Mobil Corp. is now quietly walking away from its most heavily publicized climate solution.” (below)

Biofuel is out, leaving carbon capture and storage (CCS) as the leave-us-alone, we-are-doing-our-part “greenwashing” strategy at ExxonMobil (see tomorrow’s post). The end of algae as a substitute for crude oil comes after $350 million and 14 years of commitment. This expenditure was joined by a “green” advertising campaign around the project of at least $60 million, mostly spent between 2017 and 2019.

It was predictable. Shell, BP, and Chevron had previously thrown in the biofuels towel. And it is reminiscent of Exxon’s failed ventures in the 1970s: Office equipment. Real estate. Synthetic fuels. Shale oil. Electric motors.…

“Equatorial Guyana and Suriname have combined oil reserves estimated to be 17 billion barrels of oil equivalent. The biggest hurdle to the extraction of these reserves could come from lack of capital … if the international climate-industrial complex takes a strong stand against their extraction plans and their own governments acquiesce.”

The poverty-stricken Caribbean countries of Guyana and Suriname have hit the jackpot with the discovery of huge offshore oil reserves that are on track to produce revenue for decades.

Opposition from the United Nations and other anti-hydrocarbon entities might hamper the pace of production but won’t stop it. The global need for more crude is too great, and the economic situation of the two South American nations is too dire.

Suriname has been experiencing double-digit inflation for a while now (35 percent in 2020).…