Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Dick Young’s Safe America
  • Your Survival Guy’s Super States
  • Critical Race Theory
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money

Highlighting the Stupidity of Being Broke

March 18, 2022 By Debbie Young

By Comdas @ Shutterstock.com

Europeans have embraced the climate religion with a fervor to rival Bernie Sanders, observes Kimberley A. Strassel in the WSJ.

Sobering the Continent

Yet Mr. Putin’s shocking violence in Ukraine—his willingness to wield energy as a weapon—sobered the Continent overnight. No one is giving up on renewables, but nobody is any longer pretending they are the basis of energy reliability or security. Fossil fuels will remain for decades a currency of global power, and Russia’s invasion highlights the stupidity of being broke.

  • Germany: The government is stockpiling coal and expediting terminals for liquefied natural gas
  • Europe: Is working to get more gas through pipelines from Norway and Azerbaijan.
  • Poland: Is planning new nuclear plants
  • The U.K.: May restart onshore fracking and ramp up North Sea drilling
  • Norway: Plans to expand Arctic exploration

Putin’s Price Hike?

While European leaders and Republicans are moving to address substantive geopolitical shifts, they also understand the politics. Gasoline and heating prices have been fleecing consumer wallets since Mr. Biden took office.

(Biden) can try to lay off the more recent rise on “Putin’s price hike,” but polls consistently show voters blame high energy prices and inflation on the administration.

An Inconvenient Truth

… Mr. Biden’s climate agenda—no matter how much the liberal press wants to differ—has never been popular. It’s a concoction of the party’s progressive left and radical activist groups. A recent survey from Democratic pollster Impact Research of likely voters in North Carolina, Pennsylvania and Arizona (three states with Senate races this year) found that 78% had a favorable view of natural gas, and only 22% want an energy policy that looks like the Green New Deal.

Blame Big Oil/Big Gas and Other Gimmicks

Democrats are debating a windfall profits tax, which would depress production and further raise prices, continues Ms. Strassel.

Democratic governors are clamoring for a federal gasoline-tax holiday, but it’s a gimmick that would only temporarily mask true prices, and may not count for much in any event.

The Crux of the Problem

Democrats want to make the problem go away without addressing its roots. Russia’s invasion has forced energy security to the center of the political debate, where it is likely to stay through the midterms. Voters will cast ballots for candidates who prove they understand the problem and have a plan for fixing it. Democrats who continue to wallow in platitudes about an “existential” climate crisis may find themselves out of jobs.

Read An Easy Solution to Electricity Independence?, for more on how the U.S. should handle vulnerability to oil and gas spikes in the world market.

 

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • Going for Broke
  • Our Cities Are Broke
  • Millennials Broke and Disillusioned
  • VIDEO: Toobin Says Obama Broke the Law
  • Author
  • Recent Posts
Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
Latest posts by Debbie Young (see all)
  • What’s Ahead for America During Biden’s Last Years - May 17, 2022
  • Musk to Break Silicon Valley’s Progressive Conformity? - May 16, 2022
  • Baby Formula Gone Missing? - May 13, 2022

Dick Young’s Must Reads

  • U.S. Survival AR-7
  • My Smith & Wesson Revolvers Home Defense Team
  • The Butterfly Effect and Chaotic Markets
  • California’s Progressive Liberals Have Created a Monster
  • Is It All Coming Apart in the Government’s Face?
  • Warning! Your Survival Guy’s on a Boil Water Advisory
  • “I’ve Got Guys Buying Guns/Ammo for Me All Through the Night.”
  • Biden Wants to Gut the Tax Benefit of 401K Plans
  • YOU DESERVE FREEDOM: Your Hard Work Will Make It Happen
  • TOP HEAVY: Focus on Big Indexing Could Cause Market Chaos

Our Most Popular Posts

  • Tucker Carlson Interviews My Favorite Florida Farmer
  • MARKET CHAOS: This May Take Time, Here’s How to Prepare
  • Baby Formula Gone Missing?
  • What’s Ahead for America During Biden’s Last Years
  • “We Cannot Save Ukraine by Dooming the US Economy.”
  • WATCHING YOU: Italy Deploys Stealth Social Credit System
  • PRICES SOAR: Diesel Shortage Could Cripple America's Economy
  • BE VIGILANT: The Rats Are Scurrying in These Rough Markets
  • How Democrats’ Heyday Imploded
  • BUSTED BUDGETS: Families Can't Afford Democrats' Anti-Energy Regulations

Disclosure

RSS Youngresearch.com

  • COMMODITY CRUNCH: Will Tesla Buy a Cobalt Mine?
  • Young Americans Fall in Love with Farming, Again
  • Your Survival Guy: “Sell in May, Buy After Labor Day?”
  • China’s Economy Taking Hit from Zero-COVID Strategy
  • Is Your Financial Advisor Hiding the Truth About ESG?
  • The Clock is TikTok-ing on Legacy Social Media Platforms
  • PRICES SOAR: Diesel Shortage Could Cripple America’s Economy
  • CRYPTO: Has the Fire Gone Out?
  • MARKET CHAOS: This May Take Time, Here’s How to Prepare
  • The Innovation Bubble Goes Bust

“We Cannot Save Ukraine by Dooming the US Economy.”

What’s Ahead for America During Biden’s Last Years

BE VIGILANT: The Rats Are Scurrying in These Rough Markets

COERCION BY APOCALYPSE: The Great Reset Wants to Transform Society with Disaster

More Returnees than Refugees at Ukrainian Border

DIGITAL DOLLAR DOOMSDAY: The Wall Street Journal Is NOT Going to Tell You This

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives