Hold on Folks, Energy Prices are Going to Soar

Natural gas shortages in the UK and Europe and coal shortages in China are not local events. They are going to drive up energy prices in the U.S.

I hope you live in a state where the amount your utility companies can charge you is controlled by a state commission because it could delay the inevitable rising price you will pay for gas and electricity.

If you have a long commute by car or a job that keeps you on the road, it’s time to get another job, a more efficient car, or become a remote worker. The cost of oil is heading upwards, and you are going to feel that at the gas pump pretty soon. We are entering one of those periods where every week the price is higher than the last time.

We are in the early stages of those rare moments when you can see inflation happening right in front of your eyes. It’s going to very visible for gasoline, energy, and food, but everything will be more expensive in six months than it is today.

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An Unintended Consequence of Green Policies is Higher Prices

if you have ever focused on one outcome so intently you missed the obvious, then you have experienced the problem with the Green New Deal and our politicians.

Over the past few years, production of more and more natural gas allowed prices to fall, saving consumers money on their heat and light bills and allowing multiple electric facilities to convert from coal to cleaner-burning gas. That era of inexpensive natural gas has come to an end.

Thanks in a large part to the Biden administration’s policies that promote green energy at the expense of oil and gas production, natural gas prices are up 96 percent from a year ago, and further increases are expected. Just another example of how the Democrats are hitting middle class and lower income Americans in their pocketbooks. 

Because of rising gas prices, coal is gaining market share on the international market, which will cause even more greenhouse gas production. It just goes to show you that green policies often have unintended side effects. 

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