“Electricity bills in New England are poised to experience a sharp increase driven by the clean energy mandates in five of the six states, which require duplicative, overbuilt renewable energy.”
Connecticut ratepayers suffered sticker shock this summer when they opened their July electric bills. While their energy consumption was relatively flat, the “public benefits” component doubled for some and tripled for others. The culprit was not hard to find given a legislative requirement for utilities to itemize the cost components of monthly bills.
“Public benefits” cover the cost of subsidies the state provides for low-income electricity customers and energy-efficiency programs. They also include solar, electric vehicle, and other renewable energy incentives.
The wide array of renewable energy subsidies and aid to low-income residents who cannot afford high-cost electricity, growing everywhere, is an increasing cost burden for power users in the Northeast.…
“The hypocrisy of the Biden administration taking credit for lower gasoline prices as the summer driving season begins by fulfilling a Congressional mandate is unsurprising.”
“We now have the amazing scenario where days before the start of the hurricane season, Democrats in Congress and Biden are willing to empty the gasoline reserve.”
The Department of Energy announced Tuesday that it would begin selling the one million barrels of gasoline in the Northeast Gasoline Supply Reserve. Bids for the supply are due May 28th with delivery expected by June 30th. Bids will be accepted for lots of 100,000 barrels. The supply represents 42 million gallons of gasoline and is held in commercial storage tanks in Maine and New Jersey.
The sale was mandated by the omnibus Congressional spending bill (HR 2882) approved in late March with procedural hijinks by Senate Leader Chuck Schumer. …
“Do we need a clean energy industry that depends on government handouts forever? Yes, if you ascribe to the climate disaster mantra…. Does anyone consider letting market forces drive technology development?”
An op-ed in Monday’s Houston Chronicle, “Houston is making a losing bet on fossil fuels,” greeted visitors to CERAWeek. Author Randall Morton attacked oil company CEOs and Houston business leaders for defending a “declining” industry. His opening sentence? “Leaders of the oil and gas industry are in Houston for CERAWeek, grappling with the inevitable decline of the industry.”
Morton then goes after the “economic development leaders at the Greater Houston Partnership [who] are doubling down on this declining industry.” He specifically identifies the GHP’s Energy Transition Initiative – hydrogen and carbon capture – as failed technologies.
Fair enough, but he misses a critical point. …