Mark Mills: Energy Realism and Geopolitics

Vladimir Putin’s war in Ukraine has put the dangers of European reliance on Russian oil and gas into sharp focus. The debate on energy policy in the West is, however, too often built on wishful thinking—particularly regarding our ability to make a transition to a carbon-neutral economy in the next few decades. According to Mark Mills, a senior fellow at the Manhattan Institute and faculty fellow at Northwestern University’s McCormick School of Engineering and Applied Science, it simply is inconceivable that the world could move away from hydrocarbons on the time frame casually advanced by politicians in the West. Mills explains—from the vantages of science and economics—that attempting to do so would pad the coffers of the world’s most dangerous regimes, like Putin’s, without meaningfully reducing carbon emissions. Instead, Mills calls for a two-pronged strategy: In the short term, America and its allies should dramatically ramp up production of oil and gas to increase geopolitical strength. While doing so, we should be more ambitious with investment in R&D for better methods of production and extraction, more efficient consumption of energy, and new technologies.