FRANK LASEE: Wind Turbines And Lobsters Mean Less Lobsters And Not Enough Electricity

National Lobster Day is a good time to reflect on how highly subsidized offshore wind development will affect lobsters and the $400 million lobster industry. Offshore wind power disrupts lobster fisheries and destroys habitat, which is bad for Maine lobsters and bad for affordable electricity. The 30 gigawatts (GW) of offshore wind power ordered by […]

13 states will need increased electricity production to meet estimated 2040 demands: report

Demand for electricity is expected to increase significantly through 2040, but there are no plans in place to increase electricity production to meet that projection, according to a new report from the PJM Interconnection-affiliated Clean Energy Grid. PJM coordinates the movement of wholesale energy to 65 million people throughout parts or all of Delaware, Illinois, […]

The Dangerous Delusion Of A Global Transition To “just electricity”

World leaders continue experiencing a “dangerous delusion” of a global transition to “just electricity” that they believe will eliminate the use of the crude oil that made society achieve so much in a few centuries. Crude oil is the basis of our materialistic society, as discussed in an educational and entertaining 27-minute podcast interview between […]

Electricity costs soar under Biden administration

Since President Biden took office, energy prices, especially electricity costs, have soared, outpacing inflation and putting a strain on Americans’ wallets. According to one study, electricity prices have soared 29.4% since January 2021, more than 50% of the overall inflation rate and 13 times faster than the past seven years. wall street journal Analysis of […]

Ukraine war briefing: Kyiv electricity plant destroyed by Russian missiles and drones | Ukraine

Ukraine’s parliament on Thursday passed a controversial bill that changes rules on civilian military mobilization to address the military’s talent shortage. This bill requires the president’s signature, but Volodymyr Zelenskyis considered important for Ukraine to better arm itself and address what military analysts say is a major manpower issue as it fights a larger adversary. […]

Inflation Pushing Up Rents, Garbage Collection, Electricity

Americans looking for shelter from inflation are unlikely to find shelter at home. Inflation under the Biden administration is making it more expensive to maintain a household. Rent, utilities and garbage collection fees all increased by nearly 6%. Rent and associated shelter costs are jumped off From March 2023 onwards, 5% or more: — Rent […]

Dimon says AI could have similar impact as the printing press, electricity and internet

XPRIZE Foundation Founder and Executive Chairman Peter Diamandis discusses the pros and cons of AI on The Claman Countdown. JPMorgan Chase CEO Jamie Dimon released his annual letter to shareholders on Monday, in which he said: Artificial intelligence (AI) About the operations of America’s largest financial institutions and the economy as a whole. Dimon, billionaire […]

AI needs a lot of electricity — oil and gas will help

Mark Avallone, president and founder of Potomac Wealth Advisors, elaborates on how investors expect artificial intelligence to boost corporate returns. With the growth of artificial intelligence, which requires large amounts of electricity, global energy demand is predicted to skyrocket in the coming years. The Wall Street Journal reported that big tech companies’ “obsession” with finding […]