Essay by Eric Worrall
h/t Dr. Willie Soon; You would think after spending uncounted trillions on renewables, there should be some evidence of decoupling between electricity prices and the cost of fossil fuel.
Andrew Dessler is the Director of the Texas Center for Climate Studies and the Reta A. Haynes Chair in Geosciences.
Dessler thinks he is demonstrating why we need more renewables. The problem with this position is Dessler is ignoring the trillions of dollars the USA and the rest of the world have already spent on renewables.
A reasonable expectation would be that all the previous investments in renewables should have yielded some value. But the graph provided by Dessler says it all – when the price of gas goes up, the price of electricity goes up in lockstep.
Renewables are doing nothing to liberate us from the pain of high gas prices.
Some of the smarter politicians have noticed – smart politicians are busy butt covering, making excuses about why the price of electricity is still tied to the price of fuel, acting like government intervention is required to correct the market. But surely they must know the truth – renewables are useless.
All the trillions of dollars spent on building and installing renewables have been a total waste of money.
Thank you Andrew Dessler, for helping to make our case for us.
Update: h/t DonM – Dessler explaining the USA needs to keep fossil fuel for domestic use rather than exporting, to prevent further price rises.
In my view Dressler is a fool. Evil greens have artificially created demand for wind and solar, they have plans to eliminate fossil fuels and in the process have screwed up our energy system. You purposely limit supply then attack the very people you blocked from doing their job. Dressler and all of his cronies are despicable.
Am I missing something? Looking at the posted graph, it looks like if there is any causal relationship between electricity price and gas, it’s that changes in the price of electricity drive the changes in gas prices, not the other way around.
Electricity spikes in May 2019 and gas has a spike a couple of months later. Electricity jumps in April 2020 and the declining gas price trend doesn’t change until July. Gas drops shortly thereafter and electricity drops a few months later – the only place on the graph where electricity change follows gas.
Then gas has the biggest spike of either commodity in January 2021 with absolutely no reaction in the trend in price for electricity. And then we repeat earlier experience in August-September 2022.
So if anything, this graph shows that increases in the price of electricity result in increases in the price of fossil fuels, not vice versa. Power prices go up when it is in short supply and gas prices go up when there is more demand for it to produce electricity and you can get a great price for it.
The mandates will be renewable too deplorables-
Spain bans setting the AC below 27 degrees Celsius (msn.com)
Only an economically illiterate leftist with a fixed pie size mentality would think that exporting more of a product would be an economic disaster.