Don’t forget that just before the World was upended by coronavirus, we had another deep-decarbonization electrification bill: the 555-page American Energy Innovation Act (AEIA).
Since “clean energy” unfairly discriminates against the leading (and clean) alternatives to electricity, this is contrary to the best interests of free markets and providing affordable energy for consumers.
Yes; another “stimulus” bill is possible and perhaps even likely. Expect Nancy Pelosi’s “Green New Deal” to be part of this effort given that the Senate and the President said NO to subsidies for solar panels and wind turbines in the CARES Act.
Numerous special interests didn’t get their piece of the pie and were promised another shot in order to move the CARES Act out of the Senate. It’s all politics, not consumer economics, for the pack of lobbyists in an election year, trading campaign contributions for legislative favors.…
Continue Reading“The state is the great fictitious entity by which everyone seeks to live at the expense of everyone else.”
“Legal plunder has two roots: one of them … is in human greed; the other is in misconceived philanthropy.”
“What is freedom? It is the sum total of freedoms. To be free, under one’s own responsibility, to think and act, to speak and write, to work and trade, to teach and learn, that alone is to be free.”
A major subject at MasterResource is cronyism in the wind-power, solar-power, ethanol, battery, carbon capture and storage, and electric-vehicle industries. To this end, timeless wisdom pertaining to special government favor to politically adept businesses, aka corporate welfare, is worth repeating.
With the current Pandemic, notice how not only the government-dependent wind and solar industries but also conventional energies are lined up trying to get their share of government largess.…
Continue Reading“We write on behalf of our millions of members, supporters and employees to ask that you prioritize enacting a robust package of critical clean energy tax incentives this year. These incentives create jobs, boost energy independence and cut greenhouse gas emissions that contribute to climate change.” (Renewable Energy Groups, February 27, 2020)
“The fuel security provided by coal reserves at power plants offers resiliency to a system that is bracing for uncertainty, and it is imperative to keep these plants online—whether through the use of the Defense Production Act or other means—in the interest of national security.” (National Mining Association, March 18, 2020)
When government favor is offered to some businesses or industries, expect other businesses or industries to ask for the same–or more. In the current Pandemic, competing energy trade associations predictably wrote letters to lawmakers and have lobbied hard behind the scenes to get special treatment.…
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