I think this is less of the oil and gas lobby attempting to kill GND "once and for all" as it is just business as usual; exploiting their control over government policy to give themselves handouts and appear green as far as it never impacts their bottom line. This is why the GND is dead already - just as a reminder, American politicians are so thoroughly clients of oil and gas that House democrats failed to get enough support to even put the bill to a vote.
But without a doubt, as you point out, this bill will be the scapegoat for every upcoming economic ill. Like how the Texas blackouts where blamed on wind turbines and small businesses lament fuel efficiency standards and gas prices.
Call me crazy conspiracy theorist, but my take is that this is an oil and gas lobby op to bury the Green New Deal once and for all.
Eh. This feels like its just an industry pivot. Natural gas wells are going to be played out in another 20 years. All the easy money fossil fuels have been tapped. Green Energy is increasingly lucrative. So now the Feds are just going to pay the private sector to make the jump.
But private firms do need to lock in capital now, because they don't want any risk of a price war between O&G and Renewables. That's a race to the bottom every capitalist loses. Better to just extend the monopoly
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I think this is less of the oil and gas lobby attempting to kill GND "once and for all" as it is just business as usual; exploiting their control over government policy to give themselves handouts and appear green as far as it never impacts their bottom line. This is why the GND is dead already - just as a reminder, American politicians are so thoroughly clients of oil and gas that House democrats failed to get enough support to even put the bill to a vote.
But without a doubt, as you point out, this bill will be the scapegoat for every upcoming economic ill. Like how the Texas blackouts where blamed on wind turbines and small businesses lament fuel efficiency standards and gas prices.
Exactly. Democrats could control 435/435 seats in the House and 100/100 seats in the senate and that shit still wouldn't pass.
Eh. This feels like its just an industry pivot. Natural gas wells are going to be played out in another 20 years. All the easy money fossil fuels have been tapped. Green Energy is increasingly lucrative. So now the Feds are just going to pay the private sector to make the jump.
But private firms do need to lock in capital now, because they don't want any risk of a price war between O&G and Renewables. That's a race to the bottom every capitalist loses. Better to just extend the monopoly