Search Results for: "Ken Lay"
Relevance | DateRising Electricity Rates under Biden (Texas wholesale up 200%)
By Bill Peacock -- October 30, 2024 4 Comments“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.…
Continue ReadingClimate Protest Fail (Westervelt on defense)
By Robert Bradley Jr. -- October 23, 2024 1 Comment“I haven’t seen a convincing argument yet about why the climate crisis must be named as such….”
“The climate movement has been led by people who look and think and talk the same for a very long time. If time is short, isn’t this precisely the time to try everything? To broaden out, seek fresh ideas, build a larger, stronger and more connected movement?” (- Amy Westervelt, DRILLED)
Drilled founder and editor Amy Westervelt, like other climate extremists attuned to the real world, is confused and perplexed. She wants to legalize vandalism and whatever else is necessary to wake up the world to what she sees. But reality is reality, from public opinion to CO2 science to climate-model exaggeration to the eco-sins of wind, solar, and batteries.
“Over the past two years, there’s been a sudden and severe backlash to climate protest, both legally and socially,” she recently lamented.…
Continue ReadingDemocratic Platform 2024: Energy and Climate
By Robert Bradley Jr. -- October 10, 2024 1 Comment“To tackle the climate crisis, lower energy costs, and secure energy independence….” (General Preamble)
Kamala “climate light” Harris, as a campaigner, will not say that climate change is an “existential crisis” (much less yell it as the alarmists want). Harris rebuffs the notion that she would ban hydraulic fractionation with natural gas, reversing her previous pronouncements. She also states that electric cars (EVs) will not be mandated for drivers, backing away from a Biden Administration goal. Finally, Harris speaks little about the Green New Deal in general.
She is trying to get elected in the face of energy exceptionalism, which is the opposite of the Green New Deal. But her vagueness allows the major themes of ’24 Democratic Party Platform to be controlling.
The energy/climate narrative in the 91-page document does not include energy in Chapter Three: Lowering Costs.…
Continue ReadingU.S. Offshore Wind: GE Vernova’s Big Problems
By Kennedy Maize -- October 3, 2024 2 Comments“European energy companies Orsted, Equinor and BP have taken a combined $5 billion of writedowns on U.S. offshore wind projects that are mostly in development, in part because their existing power sales contracts would not cover the cost of building and financing the projects.” (- Reuters, below)
Facing a series of costly physical problems and a becalmed market, GE Vernova, the largest offshore wind turbine developer in the U.S., has informed European authorities that it plans to lay off up to 900 workers around the world as it scales back its offshore business. The Maritime Executive reported that the General Electric wind development spinoff notified the European Works Council for France of its planned downsizing.

Under EU law, member states have established councils to “facilitate the information and consultation of employees with a focus on transnational issues….”…
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