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This is a serious issue mostly fueled by rising energy prices. I wish our politicians could think of better solutions than what's going to be proposed like expa
by TSiege 5y ago
This is a serious issue mostly fueled by rising energy prices. I wish our politicians could think of better solutions than what's going to be proposed like expanding ethanol use in gasoline, when it will actually make matters worse. See tweet https://mobile.twitter.com/SarahTaber_bww/status/1511329770063151105 https://mobile.twitter.com/SarahTaber_bww/status/15113297700...
Any reason Biden can't use the war time production act to force American oil producers to up production (which is still short sighted) instead of making matters worse?
- typeofhuman 5y agoThe current administration does not want to relieve the pressure. They are against oil/lng. They openly oppose the industry and want everyone to be driving electric cars and have windmills powering everything.
- toomuchtodo 5y agoGood? I mean, has nothing been learned from the oil crisis in the 70s? If you don't want your economy held hostage, electrify it and use clean energy domestically produced to power it. The US has had ~50 years to plan for this. Make carbon more expensive and rebate that to folks by income (carbon tax). Push people away from fossil fuels, and then you won't be held hostage by fossil producers in the future. Cheap oil isn't a right.
- typeofhuman 5y agoCouldn't the people who own the windmills just as easily hold the country hostage as you put it? Who do you think is paying to build and operate these things?
- deleted 5y ago[deleted]
- mjhay 5y agoInvestors? Coal plants could be hypothetically be shut down and hold the economy hostage too. Not sure your point.
- JumpCrisscross 5y ago> Couldn't the people who own the windmills just as easily hold the country hostage as you put it? It’s easier to enforce American political will on a wind farm in Texas than a pump in Saudi/Siberia.
- _-david-_ 5y agoIt is just as easy to enforce American political will on a wind farm in Texas as it is on a oil refinery in Texas.
- fullstop 5y agoPresumably the windmills would be domestic and not foreign.
- typeofhuman 5y agoGood point. I made a faulty assumption. A lot of windmill farms are popping up offshore, however.
- danans 5y agoOffshore within the territorial waters of the US, so again they can't hold their customers hostage.
- fullstop 5y agoEven those are not in international waters, so I don't see how this makes any difference.
- beembeem 5y agoI would be curious if you could point to a foreign offshore wind farm connected to the US grid. I've never heard of this. Presumably they're all within US controlled territorial water.
- JacobThreeThree 5y agoInteresting to see this playing out. https://foreignpolicy.com/2020/06/25/texas-chinese-wind-farm-national-security-espionage-electrical-grid/ https://foreignpolicy.com/2020/06/25/texas-chinese-wind-farm... https://www.politico.eu/article/chinese-wind-farm-investments-stoke-concerns-in-sweden/ https://www.politico.eu/article/chinese-wind-farm-investment...
- Someone1234 5y agoThey literally could not, because they're within US legal jurisdiction (being physically in the US), emergency powers can be used when life or liberty at threatened to keep them operating while the disputes are resolved likely through the courts.
- danans 5y agoOne of the great things about electricity is that its sources are highly substitutable - the end uses don't care whether their energy comes from wind, solar, hydro, nuclear, natural gas, etc. Also, the inherent intermittency of wind and solar makes it even harder for generators to hold the market hostage, as they don't control the timing when they generate power. To curtail energy supply would be to undermine the economics of the capital investments into these projects, as it would be missed revenue.
- JaimeThompson 5y agoThat same reasoning applies to the current large oil companies who aren't really doing everything they can to increase production because doing so would bring them a lower rate of profit.
- mjhay 5y agoI wish that were true, but it is not. The Biden admin has expanded drilling and has been generally pro-oil, despite their green rhetoric.
- infamouscow 5y agoHow do you explain Biden signing an EO the first day in office to shutdown the Keystone pipeline.
- TSiege 5y agoI wish that was the case but their entire approach to war in Ukraine triggering a European energy crisis is selling American LNG to them. And they've been begging American oil companies to pump more oil
- barathr 5y agoSPR is being tapped: https://www.cnbc.com/2022/03/31/oil-markets-us-strategic-petroleum-reserve.html https://www.cnbc.com/2022/03/31/oil-markets-us-strategic-pet...
- sparrish 5y agoBiden can't use the war time production act... cause we're not at war.
- infamouscow 5y agoBut Trump can use it... cause we're not at war?
- TSiege 5y agoSorry it's called the "Defense Time Production Act" and he's already used it. https://www.lawfareblog.com/understanding-bidens-invocation-defense-production-act https://www.lawfareblog.com/understanding-bidens-invocation-...