InvestorsHub Logo
Followers 6
Posts 2205
Boards Moderated 0
Alias Born 04/06/2017

Re: PaulFran post# 40735

Saturday, 09/23/2017 8:07:33 PM

Saturday, September 23, 2017 8:07:33 PM

Post# of 64320
Thank you. I'm afraid the US has been on track to repeat the mistakes of Australia. We have been moving too quickly and blindly towards renewables at the expense of reliability. Under Obama's aggressive plan to "bankrupt the coal industry," coal plants have been shuttered at a staggering rate (see below). An exceptionally cold winter, hot summer, or even a disruption in the natural gas supply that we are so dependent on now could lead to a major energy crisis with rolling blackouts, usage restrictions, and eye popping electric bills. At least the President Trump has brought back some sanity with his "all of the above" energy policy, or insanity depending on your POV.

Coal Plant Retirements/Conversions: (372 total under Obama)
2016 79
2015 88
2014 47
2013 48
2012 58
2011 29
2010 23
2009 0
2008 5
2007 3
2006 3
1996-2005 7 total