President Biden is noticing the inverse relationship between gas prices and a politician’s approval rating: one goes up, the other goes down. So, what does he do? Sacrificing intelligibility, ignoring human nature in the laws of supply and demand, and contradicting the crux of his green-energy agenda, he spirited off letters to energy company CEO’s on June 15 haranguing them for taking his war on fossil fuels seriously. He attempted to strongarm them into dropping prices at the pump by threatening,
“. . . at a time of war, refinery profit margins well above normal being passed directly onto American families are not acceptable. . . . I request that you provide the Secretary with an explanation of any reduction in your refining capacity since 2020, and any ideas that would address the immediate inventory, price, and refining capacity issues in the coming months — including transportation measures to get refined product to market.”
For decades now, our cultural hegemons have inundated the whole of humanity with climate-change doom. The drumbeat is everywhere; can’t miss it. Now, we have a government of doomsayers, who have put combative policy teeth to the apocalypse story. The hostility to the CEO’s principal product – fossil fuels – is impossible to avoid, even for the pressed suits in the c-suites. They’ve adjusted to the cultural lynch mob by running ads touting their greenie bona fides and a redirection of investments to match. They see what’s in the wind. They see a government on an eco-jihad. Cancellation of pipelines, ending new leases on federal lands, greenie Bolsheviks in charge at the EPA, greenie Bolsheviks running the show at Transportation and Energy – indeed, throughout the Article II branch – and the regulatory and permitting process under the zealous gaze of a greenie Cheka (the forerunner to the KGB), isn’t exactly a green light to increase production, “to get refined product to market”. What Lord Biden taketh away, he expects them to give.
Just think like a CEO of a multi-billion-dollar energy behemoth. He or she would be crazy to commit years and $5-15 billion into building a new refinery or maintaining an existing one, which mostly explains why we haven’t added a new one since 1976 and some are closing. Additionally, why commit millions – without commitment to an asylum – to exploring and extracting the stuff that is constantly portrayed to be the environmental equivalent of monkeypox?
Why do that when Biden’s commissariat, and the sub-commissariats in the blue states, have adopted the Stalinesque “Energy Portfolio Standards” (EPS)? EPS’s are Five Year Plans to shoehorn the entire population into the greenie utopia of blackouts, cramped and overpriced housing, expensive ev’s, and filthy, crime-ridden, and time-guzzling public transit, specifically subjecting it on the most hesitant in the aspiring middle class and proletariat (regular or lumpen). Imagine your standard of living being forcibly molded to fit the conscience of the Sierra Cub executive board, or the lunchroom at Google.
Don’t be a bit surprised that your life takes on the appearance of the beneficiaries – err, victims – of the New Deal-inspired urban renewal extravaganzas of the last half of the 20th century. Is Chicago’s Cabrini Green our future writ large?
So, we are set to replace $2-per-gallon gas and air conditioning for the “intermittency problem” of windmills and solar panels, which means regular episodes of things going dark and summer sweltering. The polar vortexes present particularly vexing problems for a grid with an irregular heartbeat. Be prepared for forests of windmills and seas of solar panels to mar the views during the family drive in the expensive ev, which could be a dangerous activity if no one thought to plug it in the night before.
And where will the electricity come from to charge the thing? Not much chance of charging the ev if the town went dark. I always thought that a continuous flow of electricity, one that can be ramped up as needed, was preferable to one interrupted by clouds, the rotation of the earth, or the lack of air movement. If we are so paralyzed by the thought of burning coal that we are willing to rush into the arms of “intermittency”, natural gas and nuclear could offer a way forward without upending the entire system from the generating plant to coffee maker. Building new gas and nuclear plants to power the grid makes more sense than trying to repeal the laws of physics regarding intermittency, energy density (remember the vast panoramic expanses of windmills and solar panels – the very opposite of density), and the dumping of trillions into R and D to make something work that by nature is inclined not to.
We know much more about natural gas and nuclear generation and the necessary tweaks to make them safer and more efficient. Instead, we are offered the huge opportunity costs of the Green New Deal. Money sunk into this basket of extravagances is money not available for the obvious and accessible. In fact, the obvious and accessible is sacrificed on the altar of will-o’-the-wisp “renewables” as gas-powered turbines are shut down and nuclear power plants closed. Oddly, the most emissions-friendly one, nuclear, has been especially targeted. Globally, nuclear power accounted for 17% of total energy production in 1996. Today, it’s 10%. The picture in the U.S. isn’t any better. Nuclear’s contribution to our energy total is scheduled to fall to 11% by 2050 from the 20% of today. The scare stories of Chernobyl, Three Mile Island, and the damage to Japan’s Fukushima nuclear plants in 2011 are dredged to make the inefficient – the aforementioned “renewables” – seem plausible.
It will turn into the classic example of government-engineered socio-economic devolution. Where will this lead? Think of the Middle Ages, the Soviet Union, Mao’s China, Venezuela, North Korea, anywhere coercive utopians seized absolute control of the government to compel others to build their dreamland.
Meanwhile, two words – “carbon” and “capture” – go down the memory hole. A fraction of the money going into R and D for overturning a civilization’s entire way of life could be devoted to “carbon” and “capture” with a much more salutary effect. The remainder of the GND price tag could remain in the pockets of the people. But all that makes too much sense.
And making sense is not the forte of eco-zealots drunk with power in the age of Biden.
RogerG
Sources:
* Biden’s Full Letter to Oil Companies Demanding Help on Gas Prices, https://www.mediaite.com/news/read-bidens-full-letter-to-oil-companies-demanding-help-on-gas-prices-historically-high-profit-margins-are-unacceptable/
* The Global Nuclear Power Comeback, https://www.wsj.com/articles/the-global-nuclear-comeback-green-energy-fossil-fuels-supply-climate-mandates-power-generation-11658170860
* The Blue-State War on Nuclear Power, by Nate Hochman, https://www.nationalreview.com/2022/07/the-blue-state-war-on-nuclear-power/