The Cost to Dump Fossil Fuels & Use 100% Renewables? $131 Trillion
One of our favorite Forbes website contributors, David Blackmon, has penned another fabulous column. This one looks at the chatter and debate surrounding “the energy transition”–as if it’s a foregone conclusion that we must dump the use of all fossil fuels within the next few years and transition to so-called renewables, or the planet is toast. Blackmon tackles one aspect of this debate that is seldom discussed: the cost of transitioning away from fossil fuels to 100% renewables. The cost is so big, it’s incomprehensible.
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Quebec, Canada is foolishly pushing forward with a total ban on all oil and gas drilling in the province. On Tuesday the province’s minister of energy and natural resources “tabled” Bill 21 which expropriates (seizes control of) all oil and gas wells and pulls back any previously issued permits to drill. Tabling in Canada means something different than it does here in the U.S.–it means to begin consideration. It’s the next step in finalizing a new law to ban oil and gas drilling in the province, including a ban on drilling in Quebec’s extensive Utica Shale.
New York State has become aggressively hostile to any business remotely connected to fossil fuels. NY is openly prejudiced and discriminates against oil and natural gas companies. Increasingly the state is rejecting “bitcoin miners” that use natural gas (or God forbid, coal) to produce electricity to power some serious computers (see
A new study out of Harvard University purports to link fracking with early deaths of senior citizens. It is fake research. Here’s the main finding of the study: Senior citizens who lived closest to fracked shale wells (including seniors in the PA Marcellus) had an early death risk 2.5% higher than people who did not live close to the wells. If it were an opinion poll we would say it’s within the margin of statistical error. In other words, these “researchers” didn’t find a darned thing. And yet the headlines have already begun in fake news media…
The Lorax-quoting judge from the U.S. Court of Appeals for the Fourth Circuit (i.e. 4th Circus) has struck again. We shouldn’t be surprised. Yesterday the 4th Circuit overruled permits issued by the U.S. Forest Service and the Bureau of Land Management that would have allowed the 94% complete Mountain Valley Pipeline from crossing 3.5 miles of federal land in Jefferson National Forest. This is the second time the same group of clown judges have done this.
The haughty and arrogant John Kerry is at it again. Kerry (who looks like Lurch on the Adams Family) spoke at a so-called “climate event” at the U.S. Chamber of Commerce yesterday. Kerry is Joe Biden’s special climate envoy. In his speech, Kerry had the audacity to warn other nations they should not invest in natural gas infrastructure because it causes “climate change”–whatever the heck that is. The climate always changes, but leftists like Kerry don’t seem to understand that concept.
Last year Big Green lobbyists using the City of Oberlin, Ohio contested the Federal Energy Regulatory Commission (FERC) decision to approve the Enbridge/DTE Energy NEXUS pipeline, a a $2 billion, 255-mile pipeline from the Ohio Utica Shale into Michigan that’s been flowing for years connecting to a pipeline that exports some of the gas into Canada (see
New England–Massachusetts and Maine in particular–dodged a major bullet on Thursday when Federal Energy Regulatory Commission (FERC) commissioners voted 5-0 to NOT overturn a permit for the already up-and-running compressor station in Weymouth, Mass. The Weymouth compressor station was the final piece of the $452 million Atlantic Bridge expansion project that was years in the making. The compressor went online in January 2021 (see 

We return, once again, to the story of New England (and New York) blocking new natural gas pipelines and in the process, hurting the residents of New England. Not only are residents harmed economically, but the environment is also harmed. As of 10 am yesterday morning, a full 20% of all the electricity generated in New England used either dirty oil or coal to do so. Normally the oil/coal generation number is less than one-half of one percent (<0.5%), not 20%. The price for electricity in New England is out of sight high right now too. Actions have consqeuences.
What is it about leftist Democrats that compels them to want to control everyone else’s lives (but their own)? Pennsylvania State Sen. Katie Muth is one of the worst offenders of this disorder. So too are PA State Rep. Dianne Herrin and Rep. Danielle Friel-Otten. The trio of Dem ladies are asking the odious PA Attorney General, Josh Shapiro (who is running for governor) to “halt construction of the Mariner East Pipeline.” Why? Because they don’t like it.
The Pennsylvania legislature recently passed a resolution against joining the Regional Greenhouse Gas Initiative (RGGI) carbon tax and sent it to Wolf, who had promised to veto it (see