The Biden regime’s catering to the far left of his Democrat Party when it comes to their radical ‘green’ agenda will plunge our country into widespread unemployment and poverty, say most sane economists, because our first-world economy cannot power itself simply on wind, solar and prayers.
But that reality isn’t stopping the president’s push — and neither are sky-high gasoline, diesel fuel and natural gas prices.
That said, what will stop Biden and the Alexandria Ocasio-Cortez-led ‘Green New Deal’ brigade is reality: There is no current way to meet the objectives of moving vast portions of our economy and existence over to wind and solar because the materials to manufacture the batteries required to store the ‘green’ energy are impossible to obtain. And what materials we can get are coming from an enemy nation: China.
U.S. renewable energy developers have delayed or scrapped several big battery projects meant to store electrical power on the grid in recent months, scuttling plans to replace fossil fuels with wind and solar energy.
At least a dozen storage projects meant to support growing renewable energy supplies have been postponed, canceled or renegotiated as labor and transport bottlenecks, soaring minerals prices, and competition from the electric vehicle industry crimp supply.
One previously unreported dispute over a delayed California storage project has even wound up in court.
The reduced pace of building battery storage space for wind- and solar-generated energy is threatening the pace of the country’s transition away from fossil fuels, following Joe Biden’s nonsensical stated objective of decarbonizing the American power grid completely by 2035 (and by the way, not a single Democrat, including Biden, ran on creating $5, $6, $7 dollar-a-gallon gasoline and diesel fuel because if they had, Democrats would be lucky to have 100 seats in Congress, combined).
Nevertheless, Reuters notes that the current delays in battery supply chains could even begin to threaten power reliability in states that already rely heavily on unstable, unreliable ‘green’ energy — like California (and Texas, to a lesser extent).
“Storing power is considered vital to the expansion of solar and wind energy because it allows electricity generated when the sun is shining or wind is blowing to be used at the end of the day when consumers need it most,” Reuters noted.
Delays on getting supplies and materials range from several months to more than a year.
“I have not seen a nascent industry challenged on so many fronts,” Jamal Burki, president of IHI Terrasun Solutions, the U.S. energy storage arm of Japanese heavy equipment maker IHI Corp., told the news agency.
And here’s another issue: Three-quarters of lithium-ion batteries needed to build out U.S. energy storage facilities are currently produced in China, which will no doubt cut off our country completely if we respond to their invasion of Taiwan, which many expect is coming in the next few years, if not sooner. Not only that, but like everything else in Biden’s economy, inflation is taking its toll: Prices for those batteries has risen 20 percent in recent months, and there is no sign they are going to go down.
Anything that can delay this insanity until a sensible GOP administration is elected to replace Biden’s handlers is good. Former President Donald Trump’s top economic adviser, Larry Kudlow, warned earlier this month that a widescale ditching of, cheap, clean-burning, affordable fossil fuels will destroy our economy.
Speaking bluntly in an interview with Fox News’ Sandra Smith, Kudlow said in no uncertain terms that the transition will lead to economic disaster and job losses in America on a gargantuan scale.
“Yeah, quiet part out loud. Defending essentially high gasoline prices. As you know, oil is at $120 a barrel today. I just want to tell you, any so-called transition to a green economy that ends fossil fuels would be an economic catastrophe,” Kudlow began.
“It would be a permanent recession. We couldn’t possibly do that or afford that. The job losses would be in the tens of millions. I am not exaggerating. A lot of first-rate economists have made the same point of view. So I’m leery of this transition,” Kudlow continued.
“And in Biden’s piece today in The Wall Street Journal, he starts talking about more investment credits and more tax credits for green. It’s the Green New Deal, you know, it’s a sheep in sheep’s clothing, it’s the Green New Deal masquerading as the Green New Deal,” he added.
“That dream, that craziness, that wokeness is going to destroy our economy. If that’s what they mean by transition, and I think it is, then we’re in for it,” he said.