Shortly after taking office last year, President Joe Biden announced an ambitious plan to vastly expand the amount of energy produced by offshore wind farms. Along the Atlantic coast and in the Gulf of Mexico, the administration identified huge swaths of wind-swept sea that could be put to energy-producing use. Last year, the Department of […]
Another week, another reminder that heavy-handed government industrial policy is in fashion. Nobel Prize-winning economist Michael Spence recently endorsed it as embodied in the newly passed “CHIPS ” legislation, an attempt to bolster America’s semiconductor industry. The endorsement, like so many, rests not on evidence or economics, but on blind faith in Congress and President […]
Many politicians and conservationists have high hopes of replacing fossil fuels with clean energy, but from a bird’s eye view, wind turbine blades are deadly. The U.S. Fish and Wildlife Service estimates that wind turbines kill almost 328,000 birds each year. Earlier this year, one of the largest renewable energy companies in the country was […]
Unlike President Biden’s frequent efforts to blame Vladimir Putin for inflation, Germany’s energy-driven economic woes really can be largely linked to Russia, which cut the flow of natural gas in retaliation for economic sanctions imposed over the invasion of Ukraine. Since Germany is the economic powerhouse of the continent, that’s bad news for the European […]