The 2021 - 2022 US energy crisis is all about the price of gasoline and electricity.
Poster child:
- gasoline:
- ISO NE:
Updates
October 19, 2021: this is something I had not seen before.
- ISO NE:
- electricity early morning running over $50 / MWh
- had spiked to $75 earlier this morning
- but renewables was providing huge amount of electricity: 16%; at same time --
- natural gas: relatively low, at 66%
- nuclear: even less than renewables, at 13%
- so, even when renewables provide a significant amount of electricity, rates still spike
Original Post
Energy crisis: everything leads back to coal, a subject no one really wants to discuss. Everyone knows that what's going on in coal right now suggests huge policy failures over the past decade. There are currently three energy crises and each has its own unique beginning.
The three energy crises:
- energy crisis in China, specifically, more broadly, Asia, to include India: coal
- energy crisis in the EU and the UK: renewable energy
- energy crisis in the US: political
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