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Green Energy: Greatest Wealth Transfer to the Rich in History

By Steve Goreham -- February 21, 2023

“Since 2000, the world has spent more than $5 trillion on green energy. More than 300,000 wind turbines have been erected, millions of solar arrays were installed, more than 25 million electric vehicles (EVs) have been sold, hundreds of thousands of acres of forest were cut down to produce biomass fuel, and about three percent of agricultural land is now used to produce biofuel for vehicles.”

We are in the midst of history’s greatest wealth transfer. Government subsidized wind systems, solar arrays, and electric vehicles overwhelmingly benefit the wealthy members of society and rich nations. The poor and middle class pay for green energy programs with higher taxes and higher electricity and energy costs. Developing nations suffer environmental damage to deliver mined materials needed for renewables in rich nations.

Since 2000, the world has spent more than $5 trillion on green energy.…

New England Curtails amid World Natural Gas Boom

By Steve Goreham -- April 9, 2019

“Connecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont now pursue decarbonization targets to reduce emissions 75-85 percent by 2050. These states’ “strategic electrification” policy calls for eliminating natural gas and propane from home and water heating applications by substituting electric appliances and heat pumps that can use wind and solar systems.”

“Because of insufficient gas pipeline capacity, New England now faces critical shortages. In January, utility Con Edison announced a moratorium on new natural gas customers in Westchester County, New York. That same month, Holyoke Gas & Electric of Massachusetts also announced that it can no longer accept new natural gas service requests due to a lack of supply.”

Global usage of natural gas continues to grow rapidly. Methane and propane are essential low-cost, non-polluting fuels for heating, cooking, industrial use, and generation of electrical power.…

‘Sustainable’ Fuels Unlikely to Replace Hydrocarbons for Air Travel

By Steve Goreham -- January 2, 2019

Hydrocarbon fuels will remain essential for modern air travel. So-called sustainable aviation fuels are expensive, produced in negligible volumes, and provide CO2 savings only on paper. As such, they fail the real sustainability test of affordability, plenty, and reliability.”

Air travel is a miracle of our modern society. In 1620, the pilgrims took 65 days to cross the Atlantic Ocean by sailing ship and two passengers died during that hazardous journey. Today, a single jumbo jet safely transports more than 300 passengers from London to New York in under eight hours. Millions flew to see loved ones this last Christmas. But jet planes burn hydrocarbon fuel, an energy source under attack.

Each day, more than 100,000 commercial flights carry more than 11 million passengers a combined total of 14 billion passenger miles worldwide. 

100 Percent Renewables—Poor Policy for Ratepayers

By Steve Goreham -- October 29, 2018

Protesters Aren’t Stopping US Pipeline Network Growth

By Steve Goreham -- June 27, 2018

The Myth of Dangerous Acid Rain (in light of Hawaii’s Kilauea volcano)

By Steve Goreham -- May 23, 2018

‘Electrification’: The Road to Higher Energy Prices

By Steve Goreham -- January 3, 2018

Tax Bill Attacked for Loss of Electric Car Subsidy—But Most Americans Don’t Want Electric Cars

By Steve Goreham -- November 20, 2017

Are US Vehicle-Mileage Standards Obsolete?

By Steve Goreham -- November 8, 2017

Shale Shock: A New, Better Energy World

By Steve Goreham -- September 30, 2015