“’Why would President Biden want to increase the misery of people already trying to keep up with the inflation he caused? It’s absurd that he wants to increase their misery by reducing the flow of oil into the Great Lakes region at the onset of winter,’ said Project 21 member Emery McClendon.”

Energy affordability, accessibility, and reliability is color-blind and income-sensitive. Wealthy persons can pay for home generators and drive or fly away from trouble. Poorer people are stuck in their circumstances. For the latter, energy-price setbacks mean budget cuts elsewhere.

This was the basic theme of a November 2021 press release by Project 21, “Biden Betrays ‘Environmental Justice’ Claims By Risking Energy Poverty” concerning the Biden Administration’s potential closure of Line 5, a dual Wisconsin-to-Canada-to-Michigan pipeline currently in operation.…

Business as a force for government intervention into the economy is evident with one of the major global economic issues of recent times, climate change. Wind companies, solar companies, energy-efficiency companies, carbon capture and storage investors, etc. Their bread is buttered by special government favor, whether a direct payment from the public treasury or a tax credit or a regulatory preference.

Rent-seeking by business is a contra-capitalist practice, long exposed and criticized by free market economists and classical liberals. But there are two other related practices that classical liberalism has long warned against and censored.

One concerns strategic deceit by a business to outside parties, whether stock analysts or direct investors. In the spirit of Ayn Rand, this can be called philosophic fraud. This syndrome is present with companies that are overhyped and desperately trying to keep the music going.…

“’Before maybe the end of this decade, I see wind and solar being cost-competitive without subsidy with new fossil fuel,’ Chu told an event at the Pew Charitable Trusts.” (below)

Energy history matters. In the marketplace, what energies performed and at what cost; in energy policy, who said what and when. In this regard, intermittent, dilute energies have a bad history.

Obama’s DOE Secretary Steven Chu has a ten-year anniversary of a statement that is now falsified. As reported by the American Security Project in “Wind, Solar Becoming Cost Competitive: Chu,”

Clean sources of energy such as wind and solar will be no more expensive than oil and gas projects by the end of the decade, US Energy Secretary Steven Chu said Wednesday.

President Barack Obama’s administration has been encouraging companies to invest in green growth, calling it a new source of jobs and fearing that other nations — led by China — are stealing the march.…

Ed. note: This fortnightly Master Resource post excerpts energy and climate material from the Media Balance Newsletter, published every other week by physicist John Droz Jr., founder of the Alliance for Wise Energy Decisions. The complete MBN for this post can be found here.

Of special interest in this issue is Vijay Jayaraj’s report on Asia’s exciting nuclear-energy future, here.

Greed Energy Economics:
Green energy firms the biggest corporate welfare recipients ever
Thank you Senator Manchin — as he Says No on Build Back Better Green New Deal
Here’s how much energy prices rose in 2021
Europeans Face a $395 Billion Hike in Energy Bills Next Year
NYS Playing a Climate Shell Game with NY Ratepayers

Wind Energy — Offshore:
Texas Public Policy Foundation brings fishermen’s lawsuit against Vineyard Wind
Vineyard Wind Harpooned By New Federal Lawsuit
Offshore wind developer tries to calm worries
Oswego County Legislature (NY) formally opposes wind turbines in Lake Ontario

Wind Energy — Other:
Which Country Or U.S.…