Comments: Trump Revolution, Indeed

I am jealous.

Seque machine: Trump signs order sweeping away Obama-era climate policies ... like the rubbish they are.

Pinch me. I must be dreaming.

Posted by johngalt at March 28, 2017 5:14 PM

We can pile on the points, liberty does not come around all that frequently. Ronald Bailey at Reason says Trump's Climate Change Executive Order Will Make Energy Cheaper.

Posted by jk at March 28, 2017 6:04 PM

Lowering energy costs is an EXCELLENT POINT, one which I criticize the Trump Administration for not trumpeting (really, no pun intended.)

"Energy costs in our country are going up, at a time when production of all forms of energy is getting cheaper. This is a government-caused problem because certain kinds of energy were prohibited by my predecessor. I am removing the bans on unpopular fuels and letting the market decide which ones to use.

The "hard choices" that low income families were forced to make because of the dubious environmental goals of President Obama will start to become easier under President Trump."

However, I will challenge Mr. Bailey's assertion that the demand for coal is lower because of the fracking boom. That is a factor, but I submit a larger factor is the distortive effect of the Clean Power Plan itself. Many utilities undertook fuel switches because of it, and that is why the demand for coal is lower. In a free market those coal plants could have been modernized without switching fuels, at lower cost and with greater fuel diversity.

So it will take a while for the lower cost of coal to win back some utilities. Probably only through new or recommissioned plants, as a switch from gas back to coal is unlikely. Some plants, such as Boulder's Valmont Station, can burn either fuel, however.

Posted by johngalt at March 28, 2017 7:50 PM
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