At some point when economic and political theory are put into practice, their legal realities must square with physical reality. The Left’s obsession with outlawing affordable energy might face just such a moment as soon as this winter. Jazz Shaw explains:
During the dog days of summer (which haven’t been all that doggy in the Northeast this year) it’s not very popular to sit and speculate about the winter months ahead, but the people responsible for keeping the lights – and the heat – turned on have to do it. One of these folks is Joe Bastardi of WeatherBELL Analytics, and he’s looking ahead with some trepidation. Joe is reading the meteorological tea leaves and sees the potential for another round of heavy snowfall and crippling cold temperatures coming our way. And he also notes that our net energy production, in the wake of new EPA carbon regulations, is actually declining from the previous curve at a time when bad weather puts full load demand on the system. During an interview with Wall Street Journal Live, he voices some of these concerns. (Check out the video. An excerpt follows.)
Read the excerpt. Watch the video.