The climate warriors of the Democratic Party aren’t lacking for chutzpah, give them that.
The latest example is a letter from 41 Members of Congress to federal regulators, fretting about “the effect that anticipated increases in heating and energy costs will have on our constituents this winter.” You don’t say?
The letter’s signers include Massachusetts Sens. Ed Markey and Elizabeth Warren, Bernie Sanders, and Rep. Pramila Jayapal, the head of the House progressive caucus.
This gaggle of greens normally thinks oil is drilled straight from hell, but they’re now asking the Federal Energy Regulatory Commission to exercise its “power to influence retail rates for natural gas and electricity.”
Naturally, their theory is that higher costs are a result of “market manipulation,” “profiteering,” and “high oil and gas exports.”
Maybe they should read—OK, their staffs should read—the underlying document cited by their letter. “We expect households that use natural gas as their primary space heating fuel,” the Energy Information Administration says, “will spend $746 this winter, 30% more than they spent last winter.”
Part of that is a forecast for colder weather, but there’s also basic economics. “The main reason wholesale prices of natural gas, crude oil, and petroleum products have risen,” the EIA says, “is that fuel demand has increased from recent lows faster than production.”
The report cites record exports of liquefied natural gas, but selling energy to American allies should be counted as a win, both economically and strategically, since it reduces the leverage of players like Vladimir Putin.
The U.S. has enough gas to go around, and abundance is the ultimate fix for high prices.
But President Biden, encouraged by the signers of this letter, has made clear that U.S. fossil-fuel production must be phased out.
The Atlantic Coast Pipeline and the PennEast Pipeline were both canceled even after beating opponents at the Supreme Court.
Getting gas to Mr. Markey and Ms. Warren’s Massachusetts is so difficult that sometimes it comes into Boston Harbor on a tanker from Russia. And they wonder why heating prices are high.
Read more at WSJ
The Titanic run on Coal the very same stuff the Keep it in the Ground idiots want left in the ground
A Russian LNG ship heading west collides with an American LNG ship heading east, in the north Atlantic, at night. There’s a Dicaprio movie right there.
Global Warming,Climate Change and Evolution are still unproven theories being taught as Fact in the Schools today