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The so-called Inflation Reduction Act contains new, very favorable incentives to attract additional investments in wind and solar power of over $270 billion in the next eight years for 155 gigawatts of new wind and solar capacity. The new law is expected to trigger 85 gigawatts of new onshore wind capacity by 2030, with total onshore wind capacity reaching […]
Europe’s electricity and natural gas prices are skyrocketing. European electricity prices are now the equivalent of $1,000 per barrel of oil. It is easy to blame Russia, and Russia’s actions deserve a lot of blame, but Europe has been warned for forty years by American presidents from Ronald Reagan to Donald Trump, that relying on […]
In the 1989 hit film, Field of Dreams, Iowa farmer, Ray Kinsella, hears a voice telling him, “If you build it, he will come.” In a totally irrational move, Ray plows under a chunk of his corn crop and builds a baseball field. Magic ensues. In DC, and around the world, the policymakers seem to […]
The Federal government has already spent well over $100 billion on renewable credits for electricity production since their enactment three decades ago, and the “Inflation Reduction Act” will cost taxpayers another $98 billion. The proposed bill is full of incentives for renewable energy technologies, chief among an extension of wind and solar tax credits significantly increasing […]
Has anyone told President Biden that fossil fuels made up 82 percent of the world’s energy and 79 percent of U.S. energy in 2021? Has anyone told him that Europe is using more coal because Russia is reducing its natural gas supplies to Europe? Has anyone told him that Europe’s energy crisis first started with low […]
Over a dozen battery storage projects that were meant to support intermittent renewable energy supplies have been postponed, canceled or renegotiated due to labor and transport bottlenecks, soaring minerals prices, and competition from the electric vehicle industry. The delays, ranging from several months to a year, are in a number of states including California, Hawaii and […]
The Pebble copper and gold mine, 100 miles from Bristol Bay, Alaska, is being dealt a death blow by President Biden’s Environmental Protection Agency (EPA). Citing its authority under the 1972 Clean Water Act, EPA proposed a legal determination that would ban the disposal of mining waste rock in the Bristol Bay watershed. The proposal would create permanent […]
Last week, President Biden invoked the Defense Production Act to increase domestic production of minerals used in making electric vehicles, such as nickel, lithium and cobalt. The president said that the country depended on unreliable foreign sources for many materials necessary for transitioning to the use of renewable energy and reports have stressed this for years. The irony of […]
On November 19, the House of Representatives passed a $2 trillion budget bill with a long list of increases in federal royalties and fees, plus new fees, new taxes, and barriers to leasing in the Arctic National Wildlife Refuge, the Pacific, Atlantic, and eastern Gulf of Mexico. It passed on a party-line vote of 220-213 and was […]
As the “war against coal” continues with Biden’s Paris climate commitment to decrease greenhouse gas emissions by 50 to 52 percent by 2030, skilled miners for his clean energy plan have become scarce. Biden’s clean energy program needs critical minerals, which are essential for technologies such as batteries and wind turbines. Mining and geological engineering employment is estimated […]