https://issuesinsights.com/2023/06/20/time-to-buy-stock-in-candle-companies/
Summer arrives in the Northern Hemisphere on Wednesday and it’s likely to be a cruel one in the countries where policymakers are forcing a green energy transition. Enlightened, these people are not.
There’s a lot of truth to the old joke that goes: “What did socialists use before candles? Electricity.” The green energy “revolution” is taking us backward, to an era in which there won’t be enough electricity to meet the demand.
Members of the House Subcommittee on Energy, Climate, and Grid Security were told last week to expect “potentially catastrophic consequences” due to dispatchable generating sources being retired “far too quickly” in the race to replace those sources – natural gas, coal and nuclear, which are available on demand – with renewables, primarily wind and solar. Federal Energy Regulatory Commissioner Mark C. Christie told the congressmen that lawmakers’ and activists’ obsession (our characterization) with green energy threatens “our ability to keep the lights on.”
Though obvious to us all, it’s important to continually point out that wind can’t produce electricity when it doesn’t blow and solar can’t generate power when it’s dark (or the sun is screened out by smoke from forest fires that are caused by man’s refusal to properly manage forests, not his emissions of carbon dioxide).
Christie also told subcommittee members that PJM Interconnection, a regional power transmission organization that serves 13 states and the District of Columbia, is expected to lose 40 gigawatts of generation capacity by 2030 due to early retirements of generating units.
Roughly 90% of the lost capacity is energy spun out by dispatchable sources, mainly coal and gas, which produce at the flick of switch. Meanwhile, as PJM unplugs dependable sources, it will need an additional 13 gigawatts by 2030, and California, where the petty tyranny is outlawing automobiles with internal-combustion engines, which are to be replaced by electric vehicles, won’t have enough energy to chase away the dark in the coming decades.