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Aug 3, 2022Liked by Patrick Fox

Thanks 4 all the articles you post.it is a breath of fresh air among all the talking heads and their goal of endless FUD..i fought the Viet nam war from Tinker afb in okc as a usaf MD...Go Air Force...

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PS... I finished it, and agree.

Another side of the shift away from fossil fuels, we could off a different option to African & Latin American countries than PRC's "debt trap" resource extractions & Russia's Wagner Group back equivalent for [largely] nuclear power and reverse our own historical offering of "Fortress America" energy export facilities. All these countries are looking for something better for themselves also, and energy security that allows for domestic economic growth also, is something they have not been offered by the PRC, Russia or... the US.

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Sorry, Patrick... I started skimming after you parroted the only solution for Europe's energy needs are more US O&G E&P, then I stopped after you doubled down on it.

We spent the past 8 years building out our LNG production, from 0 to what it is today, and it would need to be tripled from what President Biden offered to supply 50 MMTA to Europe, taking at least a decade to get there. Since the export ban (2014/15) was lifted, we've been exporting raw barrels from west Texas non-stop... both of which have costs on the American consumers, and financial responsibility of the US E&P companies has been anything but responsible. Point being, there has been no halting or hindering of US E&P that wasn't self-made, not government imposed.

That said, even the US military recognizes climate change (largely from burning fossil fuels) is a "threat multiplier" around the world... and we see it daily, not every few years.

The US could assist the Europe get off fossil fuels, displace the need for oil for light vehicle mobility, and reduce the need for (thermal) natural gas by electrifying heating (space & water) with heat pumps, adding more generation by wind & solar, more battery electric vehicles. Basically, electrify everything, and we build all that here in the US.

There is a lot of industrial scale equipment that could put thousands of American steel workers and welders to work... building wind turbine towers & "jackets" for offshore placements, etc., etc., that Americans are really good at (technically & physically), but refuse to do due to some loyalty to fossil fuel extraction that feeds them boom & bust cycles repeatedly... and they are already starting to realize this (this is the other side of why US E&P can't ramp up currently... workers are sick of the boom n bust cycle of O&G.

Sorry, not trying to highjack, as otherwise I agree with you. But if we want to bust the cycle of apathy towards Russian imperialism & global economic terror, we need to bust that same errant thinking that "if lack of oil & gas caused this, then just drill, baby drill" and we'll solve it. It's not easy, but it is doable, so time to get to it.

BTW, Texas & the southern Great Plains states are already do this and showing us how it's done on land. If only they would be a leader in offshore also, instead of falling decades behind their Northern European competitors fighting against the opportunities.

~Hans

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