Capitalism,  Congress,  Democrats,  Politics,  World Affairs

Energy and Power Costs will Triple in the Next 5 Years

Are you currently paying $150 per month for electricity? Prepare yourself to pay $450 per month. The sad fact about our president is that he is a conman and a grifter, but that’s not unusual in the United States. That truth leaves him ignorant in so many areas. This is the land where senators and congressmen alike have sold out all Americans to capitalism, often ignorant of the consequences of their actions. But I digress…

There are three factors that are creating a perfect storm in the bid for electricity and energy.

JB Collection

1. AI is in a race currently using almost 5% of all U.S. electricity.

2. Trump has sold our available and unavailable energy, (example liquified natural gas LNG) to the European union.

3. Trump and his team have shut down alternative sources of energy. Under review is windmill sourced energy.

Let’s talk about why 2 and 3 are occurring.

Trump’s rush to win the Tariff war had him signing a deal with Europe. And America can’t fulfil the deal without serious changes to our capacity in the oil and gas industries. This will make Europe a serious competitor of the American people trying to heat or cool their homes.

Trump (as is the Congress) is invested in all of the old ways to produce energy: oil, gas and coal. While those industries pay off our elected officials, they are now working hard to ensure that they have no competition. Wind and sun energy are huge competitors of the old guard. While the new industries are working hard to get senate and congressional support for their products, it is very difficult if not impossible in Trump’s administration. We don’t know why except to comment that oil has always been a friend of Trump’s. Rex Tillerson, former CEO of ExxonMobil served as Trump’s Secretary of State during his first term. Chris Wright, another CEO in the oil and gas industry is the current Secretary of Energy.

Ironically, some of the top producers of wind energy are red states that received substantial grants from the Biden administration to scale up their industries. According to Climate News, a new bill passed by our congress, “reduced or eliminated many of the tax incentives offered to renewable energy projects.”

Now we circle back to item #1 which is AI. If you don’t realize it, let me tell you that AI is out of control. No legislation has been effectively implemented. If the current usage is 5% of energy consumption nationally with an increase to at least 12% by 2030, how will Mr. & Mrs. Smith compete? How will the town of Podunk, USA compete?

There is no comprehensive Federal law governing AI or data centers in the United States. There are some environmental protections setup regarding data centers that are not often enforced.

Americans, please consider your plan if your electricity costs double and then triple? Will you address Congress, will you assemble and march on Washington? It’s worth thinking about and it’s worth making a plan, because it’s coming.

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