United Kingdom

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 […]
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 […]
16Nov

A Vote for Realistic Energy Policy

Last week, we covered President Biden’s speech made in California in which he boasted that “we’re going to be shutting these (coal) plants down all across America.” The comment was remarkable in its apparent disregard for the loss of high-paying American jobs such a move would cause, the seeming indifference to the record electricity prices […]
12Oct

Transatlantic Energy Negligence

The months of warnings about energy rationing and the threat of blackouts in Europe are about to be put to the test. Winter is quickly approaching and there’s growing discomfort from policymakers that while much was done to prepare for a winter without Russian energy perhaps it was too little, too late. The European Union […]
24Aug

Europe’s Energy Crisis Underscores the Need for Fuel Diversity

The energy crisis in Europe keeps getting worse. Months of warnings are now becoming grim reality. European power prices are now equivalent to more than $1,000 per barrel of oil. The price of natural gas is 13 times its normal seasonal price. As winter draws nearer, so does the pain of crushing energy costs. Britain […]
25May

Soaring Energy Prices are Swallowing Economic Recovery

Contrasting the painful immediacy of an oil price shock to that from electricity prices, Bloomberg columnist Javier Blas wrote, “akin to a rising tide, it is slow but relentless and then, surprise, you are overwhelmed.” Blas penned that description about the crushing electricity costs about to overwhelm Europe, but the metaphor neatly describes the electricity crisis […]
13Apr

The Consequence of Policy Conceived and Executed in a Vacuum

It would be difficult to find a country untouched by the global energy crisis. Here in the U.S. inflation has reached four-decade highs, driven in large part by skyrocketing energy prices. But some are managing it better than others, with the UK serving as a stark example of energy policy malpractice. The Brits have had […]
05Apr

Innovation as a Path Forward on Energy and Climate Includes all Fuels

Just when you think the global energy crisis has reached rock bottom, it seems to find new depths. March will go down in the record books as the most expensive month for power prices in European history. And while the acute nature of the current pain stems from Russia’s weaponization of its energy resources, it’s […]
09Mar

Fight Back with American Energy

Just a week ago, sanctioning Russian energy seemed out of reach. Not anymore. On Tuesday, President Biden announced a ban on imports of Russian oil, natural gas and coal to the U.S. The United Kingdom is phasing out Russian oil imports this year and moving to ban Russian gas. And the European Union – alarmingly […]