Bloomberg

27Sep

A Transition to Deindustrialization?

The European energy crisis is not over. The fear of natural gas rationing may have abated but the costs of Europe’s energy policy missteps continue to reverberate. There has been so much energy demand destruction in Europe from high energy prices that European economies are barely keeping their heads above water. In fact, for some, […]
12Jul

China Doubles down on Renewables and Coal

What can the U.S. learn from China in managing the energy transition? More than you might think. China is charting its own course that is a clear rejection of the West’s emissions reduction first, grid reliability last approach. China has watched Europe’s energy crisis, along with our unfolding grid reliability crisis, and seen enough of the challenges […]
28Jun

Federal Coal Leasing is a Success Story

As the Department of the Interior considers the future of the federal coal leasing program, it’s worth noting what a success the program has been, how important it remains to mining states and communities and how essential coal remains in the nation’s energy mix. The federal coal leasing program has provided hundreds of millions of […]
03May

FERC Stares Down the Reliability Crisis

The Federal Energy Regulatory Commission (FERC) sits right at the crossroads of the nation’s collapsing grid reliability and the increasingly disorderly energy transition. While FERC commissioners will be the first to tell you they don’t have the tiller for the nation’s energy policy, they do have a keen sense of whether the nation’s electricity markets […]
16Mar

COAL TO The Rescue in Europe

The Wall Street Journal recently pointed out an uncomfortable truth for the keep-it-in-the-ground crowd: Germany avoided energy shortfalls over the past year by turning to coal. In fact, for the second year running, coal use in Germany has grown. Coal now provides a full third of the nation’s power as use of natural gas has […]
08Mar

The Great Coal Disconnect

British consumers should be furious. Energy bills have all but wrecked the economy and delivered searing pain for households. Britain’s rush to slash its use of coal – that as of a decade ago met 40% of the nation’s power – left the nation extraordinarily exposed to the natural gas price spikes that came with […]
01Feb

New Study Underscores Threat to the Nation’s Grid Reliability

The latest iteration of a headline-grabbing study, “The Coal Cost Crossover” – which claims the entirety of the existing coal fleet is less economic than new renewable projects – is exactly the type of academic clickbait driving the nation’s reckless approach to the energy transition. Like previous versions, this iteration of the report once again […]
25Jan

U.S. Coal is Backstopping European Energy Security

The worst fears of an out-of-control energy crisis in Europe this winter appear not to be coming to fruition, and coal power and U.S. imports have played a significant role in shoring up European energy supplies and getting our allies through the storm. Coal has been particularly important for Germany. Before Russia’s invasion of Ukraine, […]
07Dec

Sailing into the Dark Doldrums

Europe’s energy crisis is finally getting its first real test. Winter has arrived and despite full gas inventories and aggressive action to slash energy demand, there’s a palpable sense across the continent that the lights staying on will come down to the weather. As Bloomberg’s commodities columnist, Javier Blas, recently observed, “The problem is, energy […]
30Nov

The Grid Reliability Crisis Keeps Getting Worse

The nation’s electricity grid regulators at the North American Electric Reliability Corporation (NERC) must be exasperated. The reliability of the grid is rapidly eroding, driven to the edge by a mismanaged and haphazard energy transition, and they’re doing their best to urgently warn anyone who will listen that the nation desperately needs a policy reset […]