Markets smoothly make the transition from older products to new ones, governments do not. A lot of people may freeze if its a cold winter because governments are trying to force a transition to renewable energy sources that have serious disadvantages compared to what they’re supposed to replace. From Chris MacIntosh at internationalman.com:
We’re going to eliminate your food now so that you can eat something else in the future that we have not yet got available.
What could possibly go wrong? But that is what is effectively happening in the energy market.
“California energy regulators approved energy efficiency standards aimed at vastly expanding the use of electric appliances for space and water heating in new homes and businesses, in a shift away from using fossil fuels to heat and cool buildings.”
Congress is pushing to end all oil drilling in most US offshore waters, thwart potential mining in the western part of the country, and invest billions of dollars in conservation. This is a $31.7 billion measure, approved 24-13 by the House Natural Resources Committee, and would also impose new fees on oil and mining companies while “funding drought relief, conservation, and other programs.”
This sounds like a boondoggle if ever there was one.
It is now set to be folded into a broader multi-trillion-dollar “social reform and climate change bill” that is taking shape in the House.
I am quite sure they’ll slip this bill in under a seven-foot stack of paper, which all these pointy shoes will sign without even reading.
And we’ll march onwards towards a truly epic energy crisis.
They are pushing this agenda in what they are calling “a once-in-a-generation opportunity” to advance a bold, ambitious investment in the people of the United States.