Will new energy crisis lead to new debt crisis?

COST OF ENERGY SKYROCKETING WORLDWIDE

NOT CAUSED BY ENERGY SHORTAGE, BUT SHORT SIGHTED POLICY 

Filled my gas tank yesterday, gas now approaching $3.50 a gallon. Fuel Oil approaching $3.00.  It was in 2007 that gas reached $4.00 a gallon, it was not long until many who were living with a lot of debt were in trouble. The high cost of gas led to higher prices for everything, food, electricity, all manufactured goods, transportation not just for commuters but to get all our basic necessities to market. 

There is no energy shortage, just bad policy, not only here, but in western Europe as well. Natural gas prices have risen over 300% in Europe mostly because of their dependence on North Sea windmills which for some reason has had shortage of enough wind to make electricity. Now they have had to refire natural gas plants to make electric. This will result in higher heating cost and will likely last for at least a year. They may be saved by the new availability of Russian Gas.

We hear that Biden is proposing building windmills along all our coasts. Is he going to mandate that those states allow windmills everywhere?  Who wants to look out at their beautiful ocean view and see a forest of  windmills? How well will windmills hold up in hurricane prone areas? We also witnessed that Texas windmills did not operate in cold weather, who would have thought?

We will never run a modern industrial economy on windmills and solar panels! Only people with no practical knowledge or experience would believe in such a pipe dream. Pipe dream really has a new meaning in today's world.  Politicians, academics and those profiting from government subsidies love these unreliable alternative energy ideas. Do we have to only learn from self imposed disasters?

We need to find alternatives to fossil fuels if only because it is a finite resource that will inevitably become in short supply. Moving everything to electric, while not being able to provide the electric production is so very short sighted. They are either fools or liars, probably a mixture of both.

Instead of spending $3.5 trillion on social spending that will not create anything except dependence and poverty, we could start a new Manhattan project to find a replacement for fossil fuels. Nuclear fusion is just such a possibility, but it has the dreaded NUCLEAR word. That should be easy for motivated progressives. If a word is offensive, just change the language. Maybe they could call it Progressive Molecular Combining technology. That sounds so very non-threatening.

It is likely we will continue to see bad policy as long as we have people running the country who really have no practical common sense knowledge. The kind of knowledge that only comes from doing things.