A Change in the Energy Industry and Business
A dilemma with democracies is the constant potential for overriding discontinuity of continuity. When one party usurps the incumbency party, tumultuous change can erupt, especially if there is a deep-seated ideological difference between the incumbent and the new victor. Never has this been more evident and irrefutable than the recent transformation in the United States Congress, but especially the executive branch, after the November 2024 elections.
The largest conglomerate in the United States and, in almost every other country, is the federal government. Taxpayer revenues in comparison to the revenues of private enterprise are unsurpassed. The essential difference between them is that the government is not operated to maximize profits – many believe, however, it should be operated more like a business to minimize costs to its shareholders, the taxpayers.
Businesses take advantage of government money, but entrepreneurs and investors beware. Changes in ideological creed could severely damage, diminish, or drain bank accounts. Under the Biden Administration’s Inflation Reduction Act (IRA) of 2022 was the largest piece of federal legislation ever to tackle its forged foe, climate change. The erroneous nomenclature was simply a deception and deflection since very little of the act went towards its designated label. Euphemisms and circumlocutions are always a component of the progressive left’s actions and abstract activities.
If someone develops an industry or business that relies on ideologically political concepts and expects taxpayer revenues, that enterprise better be prepared to close, change, or alter their business model after four years.
The Wall Street Journal (WSJ) has an article, entitled, “Climate Startups Are Pausing Operations, Cutting Staff and Entering Bankruptcy as Trump Policies Bite”, on this exact topic and it starts with, “Climate startups are feeling the impact of President Trump’s attacks on the energy-transition sector, as funding and job cuts, operational halts and bankruptcies rack up”, and “From carbon capture to solar power, companies across the clean-tech spectrum are reeling from funding withdrawals, policy changes and import restrictions brought in by the Trump administration as it has set about dismantling the climate goals of its predecessor.”
The WSJ is owned by News Corp, a multinational media company, controlled by the Australian-American Murdoch family. Quite often, as in this case, the newspaper is at loggerheads with another News Corp company, Fox News. The Murdoch family own a controlling 39% interest in each company.
Solar, hydrogen, wind turbine, and other renewable energy sources are in an indeterminate state, as are businesses involved in carbon capture and sequestration. Some have decreased staffing, others are downsizing, while still others have closed completely or are pursuing bankruptcy proceedings.
Still many more, as I cover in “A Saturday Short - Easy Money” are organizations promoting climate change causes, advocacy for renewable energies, and others simply protesting Catastrophic Anthropogenic Global Warming and who produce nothing of significance except political chaos and confusion.
All of these reductions will be neutralized by the opening and reopening of oil, gas, and coal sites, along with the expansion in mining and refinery production, as well as the growth of, and augmentation to, nuclear facilities. These traditional energy sources will, without doubt, create a stronger economy with no disturbances or interruptions to the growth in energy that the entire country demands.
