Instead of meddling in the market, regulators should step back and let capitalism do its thing.
Without Regulatory Reform, Biden’s Climate Victory Lap Will Face Roadblocks
With the right reforms, Congress and the administration can empower American energy producers to lower costs for families and businesses, diversify the world’s energy portfolio, and make progress toward climate targets.
Banning energy exports is a terrible idea
"None of us are happy with the prices we are paying for gasoline, diesel and other petroleum products. And that is precisely why policymakers have a responsibility to look for real solutions. A refined product export ban would do more harm than good, raising domestic prices and hanging our allies out to dry."
U.S. Coal Plant Closures Continue, While China Rapidly Builds More
Darrell Proctor writes for Power about coal plant closures in the United States. “China announced the new-builds during the first half of this year, despite the country’s pledge to become carbon neutral by 2060. Chinese officials have said they are looking at an emissions peak for the country before 2030.” Read the full article here.
Congress must prioritize building safe and resilient rural communities from East to West
"Restoring America’s safety means building resilient communities that are able to protect residents, so we both remain committed to prioritizing policies that will cut red tape, increase active federal forest management and hazardous fuels reduction, ensure efficient development of critical infrastructure to reduce damages from flooding, and maintain a strong energy and communication grid during times of disaster."
COP27 Needs More than Doomism
Communicating the urgency to address climate change is one thing, but unfounded doomism is counterproductive.
Texas plan to stop next grid disaster could cost customers billions
"And because key details remain unclear about how NRG and Exelon’s LSEO plan would assess the costs of paying generators to remain available to provide power during grid emergencies, it’s possible that the plan could drive up costs to wholesale energy market participants by as much as $30 billion in 2025, the report finds."
Who’s To Blame For Exorbitant Natural Gas Prices In Europe? Hint: Maybe Not Who You Think.
"LNG from the US can be available at prices much cheaper than current European hub prices, but requires additional facilities that will take 3-4 years to build. The only available current alternative is going into the market to buy when the cupboard is bare. This means buying in the spot market, which thanks to the drop in supply from Russia, means paying high retail prices."
How Europe Can Kickstart a Reliable Energy Future
The answer isn’t to nationalize utilities and subsidize consumers. European leaders must let the free market naturally flow instead of setting price caps and taxing already-ravaged energy producers.
Climate Change’s Role in GOP Midterm Success
An emphasis on climate change and energy affordability will be key to Republican success and meaningful conservative leadership.