LARRY: THANK YOU, EDWARD
LAWRENCE, WE APPRECIATE THE
REPORT VERY MUCH.
SO FOLKS TO ME ONE OF THE MOST
INTERESTING CLIMATE CHANGE
POINTS IS NEVER MENTIONED BY
PRESIDENT BIDEN OR ANY OF THE
EXISTENTIAL THREAT CROWD IS JUST
HOW WELL THE U.S. HAS DONE IN
CUTTING CARBON EMISSIONS IN THE
PAST 20 YEARS OR PERHAPS MORE.
I MEAN THEY NEVER TALK ABOUT IT.
DON’T YOU THINK THAT’S ODD?
WELL THEY’RE BLAMING AMERICA
LIKE THEY ALWAYS DO BUT SINCE
THE 2005 BASELINE OUR EMISSIONS
HAVE DROPPED 20% OR EVEN
SLIGHTLY MORE.
THAT IS THROUGH THE END OF 2020.
THE PARIS CLIMATE ACCORD TARGET
WAS 25% LESS BY 2025.
SO WE NEARLY HIT IT FIVE YEARS
EARLY.
YOU KNOW WHY?
WELL, TWO WORDS, NATURAL GAS.
AND THEN THERE IS A THIRD WORD,
FRACKING.
AMERICAN FREE ENTERPRISE,
PRIVATE SECTOR INGENUITY AND
TECHNOLOGY, ADOPTING AN OLD
PROCESS AND RETOOLING IT TO
GENERATE THIS MASSIVE REVOLUTION
IN HORIZONTAL DRILLING AND
HYDRAULIC FRACTURING.
THERE WAS NO GOVERNMENT PLAN, NO
CENTRAL PLANNING.
IT CAME OUT OF PRIVATE
ENTERPRISE AND NATURAL GAS OF
COURSE IS A CLEAN BURNING FUEL
WHICH IS PARTLY REPLACED BOTH
OIL AND COAL.
IN FACT IN THE LAST 20 YEARS
NATURAL GAS USED IN THE USA HAS
MORE THAN DOUBLED BECAUSE IT’S
CHEAP, IT’S CLEAN, AND IT’S
ACCESSIBLE THROUGH THE NEW
TECHNOLOGY.
AND THEN THE DEMAND FOR
LIQUIFIED NATURAL GAS, LNG, IS
GROWING EXPONENTIALLY ALL AROUND
THE WORLD.
THAT IS AMERICAN LNG.
IT IS A FABULOUS POTENTIAL
EXPORT.
THAT IS IF THE BIDENS WOULD JUST
LEAVE IT ALONE.
AND THEY SHOULD ACKNOWLEDGE HOW
MUCH GOOD THE NAT-GAS PRACTICING
REVOLUTION HAS DONE FOR TYPICAL
FAMILIES, REALLY ALL AROUND THE
GLOBE BUT THEY WON’T, BECAUSE
THEY ARE FACT-FREE, LEFT-WING
IDEALOGUES.
WHAT WE SHOULD BE DOING IS
EXPANDING OUR POWER BASE,
EXPANDING IT NOT CONTRACTING IT.
THE U.S. AND EVERYWHERE ELSE IN
THE WORLD SHOULD SEEK A
GROWTHIER AND MORE PROSPEROUS
ECONOMY.
NOW THIS IS GOING TO REQUIRE
MORE ENERGY, NOT LESS.
AND THE PORTFOLIO MIX SHOULD BE
DIVERSIFIED, SO-CALLED ALL OF
THE ABOVE, RENEWABLES AND
CARBONS AND NUCLEAR.
THAT IS WIND, SOLAR, OIL, GAS,
COAL, HYDROAND TRUMPETS BLARING,
NUCLEAR.
EVERYBODY WANTS CLEAN AIR AND
CLEAN WATER, EVERYBODY.
ALL SENSIBLE PEOPLE KNOW WE HAVE
REMAINING ISSUES AND WE CAN DO
BETTER AND WE HAVE MORE TO DO
BUT WE’VE ALREADY DONE A LOT.
AGAIN NOT THROUGH SOCIALIST
GOVERNMENT CENTRAL PLANNING BUT
THROUGH PRIVATE ENTREPRENEURIAL
INNOVATION AND INVENTION,
SHUMPETERIAN GAELS OF CREATIVE
DESTRUCTION AT WORK IN A FREE
ECONOMY WITH INCENTIVES.
THE FAR LEFT GREENIES ARE IN
COMPLETE DENIAL OF THE POTENTIAL
SUCCESSES OF NUCLEAR POWER WHICH
IS A PITY BECAUSE THE NUCLEAR
TRACK RECORD, EVEN WITH SOME BAD
MISTAKES IS STILL VERY GOOD IN
THE LONG RUN AND OF COURSE THE
TECHNOLOGY AND SAFETY IS EVER
IMPROVING.
BUT RIGHT NOW LOOK IT, 80% OF
THE WORLD’S ENERGY IS
CARBON-BASED AND THAT IS NOT
GOING TO CHANGE TRAMATICALLY IN
THE NEXT 10 YEARS OR 20 YEARS.
AND ATTEMPTS TO FORCE RADICAL
CHANGE BY SOMEHOW ENDING FOSSIL
FUEL WILL CREATE ENORMOUS
ECONOMIC DAMAGE TO THE ENTIRE
WORLD.
FACE IT, WIND AND SOLAR IS NOT
NEAR AS RELIABLE AS NAT-GAS AND
NUCLEAR, FACE IT.
THE EXISTENTIAL THREAT IS A
BIDENNESQUE ATTEMPT TO KILL
FOSSIL FUELS AND THAT WILL
DESTROY THE AMERICAN ECONOMY, IT
WILL TOTALLY IMPOVERISH THE
MIDDLE CLASS AND THE POOR, ALL
OF WHOM NEED CHEAP AND PLENTIFUL
POWER AND THAT’S WHY THIS
CLIMATE CHANGE IDIOCY IS A
LAUGHINGSTOCK.
I MEAN PUTIN AND SHE ARE NOT
EVEN GOING TO SCOTLAND.
THE G20 COULDN’T MAKE A DEAL.
CHINA’S BIGGEST POWER SOURCE IS
COAL.
RUSSIA IS ALL IN GAS.
INDIA’S A HUGE POLLUTER.
THE AFRICAN SUBCONTINENT WILL
NOT RELY ON WIND AND SOLAR WHEN
THEY HAVE PLENTY OF OIL, GAS AND
COAL AVAILABLE, NOR SHOULD U.S.
LEADERS ALLOW LESS DEVELOPED
COUNTRIES TO SHAKE DOWN THE
LARGE ECONOMIES FOR HUNDREDS OF
BILLIONS OF DOLLARS OF
GOVERNMENT TO GOVERNMENT FOREIGN
AID IN THE NAME OF CLIMATE
CHANGE WHICH WILL BE COMPLETELY
ABUSED, TRUST ME, COUNT ON IT.
THE G20 AND OTHER WORLD LEADERS
SHOULD BE EMPHASIZING GROWTH AND
PROSPERITY.
THAT MEANS MORE POWER, THAT
MEANS LOWER TAXES, THAT MEANS
FEWER REGULATIONS.
BUT THE FACT IS IN JUST RECENT
DAYS THESE MEETINGS IN ROME AND
GLASCOW ARE DOING THE REVERSE.
IT IS TOTAL INSANITY.
SO I SAY, SAVE AMERICA, KILL THE
BILL.
KILL IT HERE.
KILL IT GLOBALLY.
STOP THE G20’S ASSAULT ON GROWTH