“By issuing a ‘death sentence’ for natural gas and its required infrastructure investments, John Kerry is hobbling the industry’s growth. In turn, it will hurt those who have limited or no access to power. It will make the efforts of European countries to get out from under the dominance of Russian fossil fuels, a goal of the Biden administration, even more difficult.”
John Kerry, President Joe Biden’s climate envoy, is the latest government official to deliver conflicting messages about energy.
As the Wall Street Journal pointed out, in January, Kerry told the U.S. Chamber of Commerce that he could fathom keeping natural gas in a cleaner energy mix as a “bridge fuel” from traditional fossil fuels to a renewables-heavy future. He made some other points that have come back to bite him.…
“The significance of these two maps, especially the one utilizing current natural gas prices, is that natural gas wins in the battle to be the cheapest source of electricity in almost every region where solar and wind power are being forced into the grid via government mandates and/or subsidies.”
“A truly competitive playing field for power fuels would leave renewables with a much smaller national footprint. That might be an outcome utility customers would welcome.”
A recently updated analysis by the Energy Institute of the University of Texas at Austin (UT) shows natural gas combined cycle, wind and residential solar photovoltaic technologies to be the least-expensive ways to generate electricity across much of the United States. The interactive model uses a range of power generating technologies and ranks them based on their levelized cost of electricity (LCOE).…
“While assessing the details of the Rhode Island lawsuit, we went back and read the prospectus for the state’s latest bond offering, dated April 3, 2018. Nowhere in the 25-page section on the economics of Rhode Island was there mention of economic risk from the climate damages the state alleges.”
“‘Send money’ seems to be the message. We wondered how the Defendants could stop from committing the acts they are accused of without stopping their sales of oil and gas products in the state. That would send the state back to an economy and society when Roger Williams founded Rhode Island.”
From sea to shining sea, the climate change movement is cranking up its legal actions against oil companies. The latest comes from the State of Rhode Island and Providence Plantation.…