REALITY CATCHING UP WITH GREEN ENERGY: Remember when President Joe Biden invested $370 billion in Green Energy with his “Inflation Reduction Act”? That’s when he declared it to be “the most aggressive action ever — ever, ever, ever — in confronting the climate crisis and strengthening our economic — our energy security.”

Well, it’s been more than a year since and Issues & Insights took a hard look at the present realities of the American economy and the energy industry: “Electricity prices are up 3 percent since Biden signed that bill into law, and up 24 percent since he took office. Overall energy prices are unchanged compared with August 2022 and are up 44 percent since January 2021.”

But wait! There’s more!

“Well-paid jobs? According to the White House, ‘between January 2021 and March 2023, the economy added 11,000 jobs in electric power transmission and distribution, 8,000 jobs in solar power generation, 2,000 jobs in wind power, and 1,000 jobs in hydroelectric power.’ We’re not math geniuses, but that doesn’t seem to add up to “hundreds of thousands” of new jobs.”

And more!

“General Electric now expects to burn up $1 billion this year and again next year because of its offshore wind project losses, according to Bloomberg. Fortune magazine reports that “Siemens Energy shares fall 40 percent after company seeks government help as wind-turbine woes threaten gas and power division.”

Click on the link and, as Glenn says, just keep scrolling because Issues & Insights covers all the bases.