WASHINGTON TIMES
Lessons of the energy crisis
Clifford D. May
April 5, 2023

…In addition to relying on Russia for a strategic resource, she explained, German energy policy for almost a decade has aggressively promoted solar and wind power while disinvesting from hydrocarbons… President Biden has adopted similar policies. His Inflation Reduction Act has had no impact on inflation. Instead, it provides enormous subsidies for “renewables.” The cost to taxpayers, according to a Goldman Sachs estimate, will be a stunning $1.2 trillion over 10 years — funds that will not, obviously, be available for strengthening national security at a time of intensifying threats and challenges. Mr. Biden’s energy policy disregards a basic fact: For industrialized economies to function when the sun isn’t shining and the wind isn’t blowing, there must be what Ms. Shaffer terms a “baseload or a stable source of energy.” Currently, only hydrocarbons or nuclear power can provide that.  READ MORE