Daily Caller
Reality Finally Returns To Energy Industry

From the Daily Caller News Foundation
By David Blackmon
Speaking at the opening day of the annual CERAWeek global energy industry gathering in Houston, Saudi Aramco CEO Amin Nasser declared plans for a government subsidized energy transition a failure, saying, “there is more chance of Elvis speaking next than the current plan working!”
He isn’t wrong, and Elvis was nowhere in sight.
Nasser began his speech by telling the audience made up largely of executives in the oil and gas industry and its contractors that, “We can all feel the winds of history in our industry’s sails again.”
Again, he isn’t wrong.
The winds of change have been blowing for well over a year now in favor of placing national energy security concerns over the rank climate alarmism that dominates the narratives surrounding this mythical transition. In fact, that shift began to become apparent at the 2023 CERAWeek gathering, as speaker after speaker emphasized the need to refocus on enhancing energy security after three years and trillions of dollars in debt-funded spending on renewables.
Now, with last November’s re-election of Donald Trump to a second presidency and the Energy Dominance agenda he brings with him, the momentum at the industry’s back is starkly obvious.
But that doesn’t mean that the world will or should abandon the expansion of other forms of energy, including intermittent sources like solar power and stationary batteries.
In this area, Nasser echoed the “all-of-the-above philosophy touted earlier in the Monday agenda by U.S. Energy Secretary Chris Wright, emphasizing a new model that “reflects the reality of growing demand and energy addition,” while bringing an end to the current practice by many activists and politicians of demonizing oil, gas, and coal.
“Ladies and Gentlemen, the world was promised many things in the current transition plan,” Nasser said. “It was like promising an energy El Dorado. And this quest was equally doomed to fail.”
Noting that the chosen alternatives to fossil fuels currently being heavily subsidized — wind, solar, green hydrogen, and electric vehicles — are unable to even account for incremental energy demands, much less replace fossil fuels, Nasser advocated for a revised effort in which alternatives play a growing role of complementing reliable, conventional energy sources. “I take no pleasure in this. But it is time to stop reinforcing failure. Indeed, as the fictions of the promised transition finally wash away, there is an historic opportunity to change course.”
Nasser’s remarks were largely echoed by Secretary Wright, who promised, “The Trump administration will end the Biden administration’s irrational, quasi-religious policies on climate change that imposed endless sacrifices on our citizens.” Wright also dismissed the previous administration’s focus on climate alarmism over energy security as myopic.
“The Trump administration will treat climate change for what it is — a global physical phenomenon that is a side effect of building the modern world,” Wright said. The energy secretary called Biden’s policies “economically destructive to our businesses and politically polarizing. The cure was far more destructive than the disease.”
Wright also bluntly explained why the Trump administration singled out offshore wind as an especially destructive element of the Biden myopia, while at the same time extolling solar and battery storage as zero-emission ideas that make sense.
Offshore wind’s “incredibly high prices, incredibly huge investment and a large footprint on the local communities, so it’s been very unpopular for people that live near offshore wind turbines,” Wright said. Touting his “all-of-the-above” approach, Wright said the administration supports anything that adds to “affordable, reliable, secure energy,” adding, “Wind has been singled out because it’s had a singularly poor record of driving up prices.”
Emphasizing the inadequacies of the subsidized alternatives to fossil fuels, Wright pointed out that there “is simply no physical way that wind, solar and batteries could replace the myriad uses of natural gas.” He also pointed out that gas currently supplies 43% of power generated on the U.S. grid, a share that is unlikely to be reduced anytime soon.
It all boils down to the simple reality that globalist plans for this government-forced transition have failed. As Nasser said, the time to “stop reinforcing failure” has arrived.
Elvis has left the building.
David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.
Business
Feds Spent Roughly $1 Billion To Conduct Survey That Could’ve Been Done For $10,000, Musk Says

From the Daily Caller News Foundation
By Hailey Gomez
The Department of Government Efficiency’s (DOGE’s) Elon Musk said Thursday on Fox News that the group found the federal government spent almost $1 billion on a survey that could’ve only cost thousands.
Following President Donald Trump entering office in January, his administration pushed for Musk and DOGE to comb through the government’s spending and identify potential cuts to save taxpayer dollars. On “Special Report with Bret Baier,” the Fox News host sat with Musk and his DOGE team and asked the billionaire what has been the most “astonishing thing” he’s witnessed so far in this process.
“The sheer amount of waste and fraud in the government,” Musk said. “It is astonishing. It’s mind-blowing. We routinely encounter waste of a billion dollars or more, casually.”
“For example, like the simple survey that was literally [a] 10 questions survey. You could do it with SurveyMonkey, [which] would cost about $10,000. The government was being charged almost a billion dollars for that,” Musk added.
WATCH:
Baier could be seen interrupting Musk as he sounded astonished, later asking, “For just a survey?”
Musk responded and said the survey was essentially pointless as it had no “feedback loop.”
“A billion dollars for a simple online survey — ‘Do you like the National Park?,’ and then there appeared to be no feedback loop for what would be done with that survey,” Musk said. “So the survey would just go into nothing. It was insane.”
In February, Democrats’ opposition to Musk’s and DOGE’s place in the Trump administration began to ramp up after the billionaire announced during an X discussion that he and the president had agreed to upend the U.S. Agency for International Development (USAID). Musk warned the agency was wasting billions of taxpayer dollars.
Some of the programs funded through USAID had not only attempted to advance a radical leftist agenda worldwide, but some had a high risk of landing in the Taliban’s hands and also aiding an organization linked to the Wuhan Institute of Virology.
Baier told Musk how he and DOGE technically had 130 days as a “special government employee,” asking if he believes he will be able to complete his task in the time frame allotted.
“I think we will have accomplished most of the work required to reduce the deficit by a trillion dollars within that time frame,” Musk said.
“We are cutting the waste and fraud in real time. So every day like that passes, our goal is to reduce the waste and fraud by $4 billion a day, every day, seven days a week. So far we are succeeding,” Musk added.
Business
Trump Reportedly Shuts Off Flow Of Taxpayer Dollars Into World Trade Organization

From the Daily Caller News Foundation
By Thomas English
The Trump administration has reportedly suspended financial contributions to the World Trade Organization (WTO) as of Thursday.
The decision comes as part of a broader shift by President Donald Trump to distance the U.S. from international institutions perceived to undermine American sovereignty or misallocate taxpayer dollars. U.S. funding for both 2024 and 2025 has been halted, amounting to roughly 11% of the WTO’s annual operating budget, with the organization’s total 2024 budget amounting to roughly $232 million, according to Reuters.
“Why is it that China, for decades, and with a population much bigger than ours, is paying a tiny fraction of [dollars] to The World Health Organization, The United Nations and, worst of all, The World Trade Organization, where they are considered a so-called ‘developing country’ and are therefore given massive advantages over The United States, and everyone else?” Trump wrote in May 2020.
The president has long criticized the WTO for what he sees as judicial overreach and systemic bias against the U.S. in trade disputes. Trump previously paralyzed the organization’s top appeals body in 2019 by blocking judicial appointments, rendering the WTO’s core dispute resolution mechanism largely inoperative.
But a major sticking point continues to be China’s continued classification as a “developing country” at the WTO — a designation that entitles Beijing to a host of special trade and financial privileges. Despite being the world’s second-largest economy, China receives extended compliance timelines, reduced dues and billions in World Bank loans usually reserved for poorer nations.
The Wilson Center, an international affairs-oriented think tank, previously slammed the status as an outdated loophole benefitting an economic superpower at the expense of developed democracies. The Trump administration echoed this criticism behind closed doors during WTO budget meetings in early March, according to Reuters.
The U.S. is reportedly not withdrawing from the WTO outright, but the funding freeze is likely to trigger diplomatic and economic groaning. WTO rules allow for punitive measures against non-paying member states, though the body’s weakened legal apparatus may limit enforcement capacity.
Trump has already withdrawn from the World Health Organization, slashed funds to the United Nations and signaled a potential exit from other global bodies he deems “unfair” to U.S. interests.
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