One of the telltale signs of how broken the Texas electricity market is: The number of corporations with multi-billion dollar market caps coming here in pursuit of billions of dollars of renewable energy subsidies. The Spanish multi-national electric utility company, Iberdrola, which describes itself as “the utility of the future,” is the latest.
… Continue ReadingJuly 08, 2020 – Iberdrola Texas today announced its entrance into the Texas marketplace, offering customers a more affordable, renewable energy option that’s 100% sourced within the state. Texas is the number one state for wind production in the U.S., and Iberdrola’s presence in Texas will meet the demand for reliable and competitive green energy options. Iberdrola Texas sets itself apart by providing consumers with wind energy generated from its Iberdrola group-owned Texas wind farms.
“A 100 percent transition to non-carbon energy sources is simply impossible. Even a 50 percent reliance on renewables like solar and wind wouldn’t be possible without widespread energy shortage and a collapse of the economy.”
Joe Biden, the presumptive Democrat nominee for President, recently unveiled his “new infrastructure and clean energy plan.” If enacted, it could have devastating and long-lasting impact on the American economy.
Why? The $2 Trillion Clean Energy Plan will essentially strip the American economy of its backbone: the conventional energy sector.
Biden’s announcement page declares that “he will make a $2 trillion accelerated investment, with a plan to deploy those resources over his first term, setting us on an irreversible course to meet the ambitious climate progress that science demands.”
An “irreversible course”? Regardless of whether the proposed “clean” technologies fail in the future?…
Continue Reading“To ensure we maintain this dominant position long into the future … my administration is announcing today that export authorizations for American liquefied natural gas can now be extended through the year 2050.”
“Today, I’m taking another bold action to support energy jobs in Texas. In a few moments, I will sign four critical permits, granting approval to vital pipeline and railway infrastructure on our nation’s border.”
Last week, President Trump got back on the energy trail (see previous energy-related talks here, here, here, here, and here) with a speech at Double Eagle Energy in Midland, Texas. Some highlights of his talk follow:
“Thanks to the hardworking citizens like you, the United States of America is now the number one energy superpower anywhere in the world. …
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