Gov. Josh Shapiro’s proposal to cap electricity prices could, perversely, lead to higher customer bills and a greater risk of blackouts, according to America’s Power, a trade organization of coal-fired power plants.Following negotiations with the governor, power grid operator PJM Interconnection submitted a plan to the Federal Energy Regulatory Commission (FERC) to restrict prices for two years—a period that would extend, coincidentally or not, beyond Shapiro’s 2026 reelection campaign. On April … [Read more...]
Hydrocarbon-friendly Trump a match for energy-hungry India
With 1.4 billion energy-hungry citizens, India stands at the epicenter of the geopolitics of energy and climate policy. As the world’s third-largest energy consumer and projected to have the fastest growth in demand over the next two decades, the subcontinent’s choices reverberate far beyond its borders.The International Energy Agency (IEA) forecasts that India will account for a staggering 25% of growth in global energy demand by 2040, driven by rapid industrialization, urbanization and an … [Read more...]
Climate Agendas and Alarmism Reek of Activism, Flawed Science, and Corporate Rent Seeking
Although a favorite attack on those — including me — who challenge alarmist predictions of global warming doom is to brand them as "climate change deniers," no one I know has ever denied that climate changes and has done so for billions of years.On the other hand, I’m also unaware of any respected climate science organization that claims any ability to confidently predict how much it will change in the future, whether warmer or cooler, much less that any disaster is imminent.Take, for example, … [Read more...]
U.S. Energy Secretary Offers Africa Freedom from Climate Imperialism
U.S. Energy Secretary Chris Wright has signaled a change that could mean the difference between life and death for millions in Africa.Speaking at the “Powering Africa Summit” in Washington, D.C., Wright told leaders of a continent of 1.5 billion people that the Trump administration “has no desire to tell you what to do with your energy system.” This is departure from the Biden regime, which was aligned with much of the Western climate juggernaut imposing Green New Dealism on developing countries … [Read more...]
Could U.S. Federal Reserve’s Exit from Climate Group Trigger Global Exodus?
For many across the world, the U.S. Federal Reserve’s decision to exit the Network for Greening the Financial System (NGFS) is a sign that central banks can refocus on their primary mandates: stabilizing economies, controlling inflation and fostering growth.Developing nations that need financial backing for the development of fossil fuel projects to advance economic development hopefully can look forward to a reversal of the vacuous injection of a climate change agenda into monetary policy. This … [Read more...]
What to Think About Tariffs
Tariffs, tariffs, tariffs! Seems like nothing gets more discussion in America right now than tariffs. Some folks are agin’ ’em, others are for ’em. What do you think?Just short of two months into the new administration of President Donald Trump, many economic experts, pointing to the 9 percent drop in the Dow Jones Industrial Average since its high on January 30, and similar declines in other indexes, are warning that America now has a 50/50 chance of falling into a recession. A major reason is … [Read more...]
Underestimating Clouds: A Climate Mistake We Cannot Afford
Carbon dioxide (CO₂) has been predominantly portrayed as the chief culprit driving global warming. For decades, this misconception has guided international policies, prompted ambitious targets for reducing CO2 emissions and driven a shift from reliable and affordable energy resources like coal, oil, and natural gas toward problematic wind and solar sources.However, this theory overlooks important factors that influence Earth's climate system, including a critical variable in the climate system – … [Read more...]
Illinois Electricity: Subsidies, Mandates, Inflation
“If Illinois wants an affordable and reliable grid, the answer is to end subsidies and mandates for all forms of generation. And to eliminate regulations that are taking the most affordable and reliable fuels out of the generation mix. Nothing else will work.”Electricity prices are climbing in Illinois. As is the public’s concern about them. To address this, Governor JB Pritzker and governors from four other states recently asked the PJM Interconnection to do something about the … [Read more...]
Some Suggestions on Climate and Environmental Policy for the New Sheriff in Town
President-elect Donald Trump’s overwhelming electoral victory and his winning of the popular vote gives him a mandate to move forward with his agenda, not the least of which on the climate and energy deregulatory agenda he promoted during his campaign.In anticipation of Trump’s victory, a coalition of groups—among them the Heartland Institute, E&E Legal Institute, Committee for a Constructive Tomorrow (CFACT), Truth in Energy and Climate, and The American Energy Institute—assembled a … [Read more...]
Will Wind and Solar Hammer Hydro in Washington State?
All around America there is an avalanche of proposed wind and solar projects. The idea is to replace fossil-fueled electric power, which is the dominant source in most places. Some States even have laws to this effect.Setting aside that this is an impossible goal it is interesting, even amusing, to see how this avalanche might play out in Washington State. The majority of their power comes from hydro, but wind and solar power are poised to wipe that out as well. This is an objective losing its … [Read more...]
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