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Politics : Sioux Nation
DJT 13.87+1.5%Jan 16 9:30 AM EST

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To: Arthur Radley who wrote (331213)9/26/2020 11:04:45 AM
From: Elroy Jetson2 Recommendations  Read Replies (2) of 362362
 
Many Trump supporters are as impressed as you are with Florida's insistence upon remaining a coal powered state and refusing to utilize lower carbon fuels.

Florida has also taken strong measures to make it uneconomic for home owners to install solar panels in order to preserve the monopoly of their coal powered utilities. nytimes.com
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I've been quite unpopular in opposing the wacky fracking movement which has seen Wall Street fund small fly-by-night operators like Chesapeake Energy as they pushed their uneconomic business model into regions which had not previously seen oil and as production. Even Obama officials boasted of this frenetic unregulated drilling. But it finally became clear, even to Wall Street greed-pots, that the reason there's not previously been production in those new areas is it was never economic. And Chesapeake producing at $43 a barrel is bankrupt as they should have been all along.

Traditional oil producing regions where oil and gas have been produced for a century, such as the Permian Basin in Texas are the low cost producers at $16 a barrel. Chevron produces in Tengiz Kazakstahn at an even lower $3.50 a barrel equivalent. That's the future of oil and gas, not the uneconomic drill everywhere scheming of Rick Perry hucksters.

Florida's continuing attempts to keep Big Coal afloat when oil and gas is produced at $16 a barrel is futile. Without these bizarre subsidy schemes coal was finished a long time ago. But for too many coal is the dream fuel of the future in a world where everything old has come back into fashion as "natural".

I'll not be surprised to next see the Supreme Court bring back slavery as traditional ways continue to make their way back to the mainstream of American society.

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