AOC's Green New Deal would boost gas tax $10-$13, 'destroy economy'
The socialistic Green New Deal, pushed by New York Rep. Alexandria Ocasio-Cortez and winning broad support from Democratic presidential candidates could lead to a $10 increase on a single gallon of gas, according to a new study of the so-called “carbon tax” and the liberal bid to rid vehicles that burn fossil fuels. Read more here.
'No Way in Hell'
The North American Electric Reliability Corporation (NERC) analyzes the reliability of our electricity supply. NERC’s reports and statements are consistently measured, typically packing all the flair and excitement of a buttoned-down white dress shirt. So, it’s with good reason that eyebrows were raised when NERC’s CEO, Jim Robb, recently told the Federal Energy Regulatory Commission that when most engineers look at the Texas grid, they would conclude that “there’s no way in hell they can keep the lights on. And yet they do.” Read more here.
Trillions with a 'T'
According to new analysis from Wood Mackenzie, transitioning to an all renewables grid in the U.S. by 2030 would cost roughly $4.5 trillion. Remarkably, that cost – estimated at about $35,000 per household – does not account for the costs of prematurely closing hundreds of existing power plants, the inevitable supply chain bottlenecks that would drive up the price of renewable technology, nor the cost of providing a just transition for the millions of Americans either directly employed by the fossil fuel and nuclear industries or supported by them. Read more here