“Whether it is the unprecedented subsidies for renewable energy or the unprecedented war on American energy, the Biden administration’s policies are behind the increase in America’s electricity prices.”

During the first three years under Biden vs. last three under Trump, average wholesale electric prices in the seven U.S. independent or regional service areas have increased by 72%. Retail prices are also higher. The average 2024 U.S. residential rate to date is 24% higher than in 2020. For all end users—residential, commercial, industrial, and transportation sectors—prices are up 23%.

This rate surge reflects the massive renewable energy subsidies authorized in the Inflation Reduction Act of 2022, signed by President Biden, that tripled the outlay of such federal largesse. Another factor is the administration’s natural gas policies, which banned imports of Russian oil, liquefied natural gas, and coal; joined with the European Commission to reduce Europe’s dependance on Russian oil; and put a pause on LNG permits.…

This post excerpts energy and climate material from the Media Balance Newsletter, a free fortnightly published by physicist John Droz Jr., founder of the Alliance for Wise Energy Decisions. The complete Newsletter for this post can be found here.

Greed Energy Economics:
*** Inflation Reduction Act’s costly green giveaways
Biden administration races to shell out billions for clean energy as election nears
Buy Woke, Go Broke: The Failure of ESG Investing

Unreliables Energy Health and Ecosystem Consequences:
Archive Report: Green Killing Machines: The impact of renewable energy on wildlife and nature

Unreliables (General):
*** The “green” scam of the century: “Renewables” increase fossil fuel demands
*** The Big Lie
Solar Costs Jump, More Offshore (and Onshore) Wind Woes, SMR Update
Will Wind and Solar Hammer Hydro in Washington State?…

“’I’m a businessman. I’ll take the [government green] money, that’s all I care about… I will move heaven and earth to get projects done over here’.” – James Quigley, quoted in Politico ‘s “Power Switch” (below)

In the mid-19th century, Claude-Frédéric Bastiat, a political economist, wrote:

Government is the great fiction through which everyone endeavors to live at the expense of everyone else. Every one is, more or less, for profiting by the labors of others. No one would dare to express such a sentiment; he even hides it from himself.

The Frenchman added:

When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.

“Alaska’s ‘capitalism in transition’ requires one final piece of legislation before reaching, arguably, the point of no return: a Renewable Portfolio Standard (RPS).”

Alaska has no shortage of recommendations from local environmental non-governmental organizations (ENGOs) whose purpose is to implement global Malthusian degrowth.  These plans come at great cost to our future and way of life as free Alaskans.  

In March of 2022, “Alaska’s Renewable Energy Future – New Jobs, Affordable Energy” was released, a report on behalf of the Regenerative Economies Working Group – Alaska Climate Alliance / Fairbanks Climate Action Coalition. Imagining themselves as Alaska’s overlords, the study examined

the potential for 100% clean renewable energy to replace fossil fuels energy in Alaska by 2050 and its attendant benefits including more jobs, lower energy prices, higher energy security and the potential for renewable resources to support the equitable transition to hydrogen-based fuels for the aviation and maritime industry.