Biden is setting it up so that electricity prices will soon skyrocket, and it’s a feature and not a buy and by design. Biden’s insane goal is to make the cost of electricity go up so much that solar and wind energy becomes economical.
Biden is pushing his green energy agenda as fast as he possibly can and has pledged to achieve a net-zero electrical grid by 2035 and a net-zero economy by 2050.
Fox News has the story:
Solar and wind make up a respective 1% and 3% of all U.S. energy, according to a report published last month by the U.S. Energy Information Administration. Coal, petroleum, and natural gas account for a combined 79% of U.S. energy.
Biden’s new energy and climate plans are designed to “get coal-fired and natural gas-fired electricity prices high enough that then solar and wind become competitive,” said Gregory Wrightstone, executive director of the CO2 Coalition, which seeks to educate the public about the important contributions carbon dioxide makes to our lives and the economy.
The shale revolution and fracking have caused natural gas prices to plummet over the past decade. Prices were projected to be over $20 per one thousand cubic feet, and instead are today under $2. Coal prices are also declining.
But electricity prices are already going up because of the “wasteful, duplicative solar and wind on our grid,” said Alex Epstein, founder and president of the Center for Industrial Progress, a for-profit think-tank seeking to bring a new industrial revolution.
The real problem is because of their nature, wind and solar are unreliable sources of energy so they don’t replace existing power plants and instead become additional costs instead of replacement costs.
Other countries have tried to shift their economies from fossil fuels to renewable energy with limited success while doubling the cost of electricity to the consumer.
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Germany began its shift to renewables in 2000 and in 2019 it produced 515.6 terawatt-hours of power with 46% coming from solar, wind, biomass and hydroelectric generation. Germany aims for renewables to account for 65% of total energy production by 2030.
Electricity prices in Germany “have doubled just to get to thirty-three percent solar and wind, and they’re having all sorts of issues,” Epstein said.
Biden’s green energy agenda will cause energy prices to skyrocket while further hobbling American business and competitiveness. Which apparently for Democrats is a feature and not a bug.
This is not going to end well for the American people and the pain will be very real, especially among the poorest, who Democrats only pretend to care about.
Buckle your seatbelts the road ahead looks quite bumpy.
Article Source : thefederalistpapers.org