President Joe Bidens War on fossil fuels left America dangerously unprepared for crises like Russia’s invasion of Ukraine, but New York leaders have done more than their part to make the problem worse. Now Governor Kathy Hochul hopes to be able to deliver more Pain.
Start with New York’s ban on fracking, a perfectly safe method of extracting natural gas and oil from shale rock, which accounts for more than half of US oil production and two-thirds of natural gas production. Brookings Institution researchers estimate that without fracking, natural gas costs would be 70% higher by 2040, but in reality will increase gross domestic product by 0.9%.
New York is one of the few states that has ruthlessly banned the process — despite the Marcellus Shale containing at least 13 trillion cubic feet of gas and the Utica Shale being another mother vein. This not only deprives New Yorkers and Americans in general of a valuable source of energy; It’s also dealt a blow to the state’s economy, particularly in the Southern Tier region, where much of the gas is waiting to be tapped.
Meanwhile across the border Pennsylvania enjoyed Fracking has been bearing fruit for years: oil and gas support more than 500,000 jobs there, and the industry contributes $78 billion to the economy, reports the American Petroleum Institute.
New York has also destroyed natural gas pipelines, even though the state imports almost all of the gas it uses. According to the US Energy Information Administration, 60% of New York City homes heat with natural gas; 40% of the electricity comes from gas-fired power plants.
More: Then-Gov. Andrew Cuomo forced the closure of the Indian Point Nuclear Power Plant (which produced the most climate-friendly electricity known to man). He’s also pushed through legislation that sets the state ludicrous goals: by 2030, 70% of its juice must come from renewable energy; 100% by 2040.
It won’t happen: Renewable energy now accounts for less than 10 percent of New York’s energy production; Expanding it eightfold in the next eight years or elevenfold in 18 years is absolutely impossible. But the pursuit of that vision fuels a terrible policy.
In December, under then-Mayor Bill de Blasio, who The city has banned the use of fossil fuels and natural gas connections in new buildings. This makes buildings more expensive, but only shifts the use of gas to power plants. Worse, as energy expert Robert Bryce notes, it increases risk by “putting all our energy eggs in a single energy basket.” and serve as a tax for the poor and middle class.
And Hochul wants to implement this dangerously stupid policy nationwide. She has pushed for making New York the first state to ban natural gas and other fossil fuel hookups in all new homes. Kudos to Assembly Speaker Carl Heastie for preventing her from including it in the budget agreement just reached.
Climate alarmists claim that all of this pain is necessary to save the Earth. But how much impact on global emissions can New Yorkers themselves have, especially if China and India spit away? Nor does climate change pose the immediate existential threat to humanity that extremists claim it does. Unfortunately, Pols like Hochul and Biden care more about pleasing the alarmists than taking sensible approaches on behalf of voters.
https://nypost.com/2022/04/07/ny-democrats-have-done-more-than-their-share-of-harm-to-our-states-energy-industry/ The New York Democrats have done more than their fair share of damage to our state’s energy industry