This will be a thread.
What the Republicans are talking about is anti- Free market.
They are basically promoting flip phone at the birth of the Iphone.
Blockbuster on the dawn of streaming. https://twitter.com/MattShaheen/status/1319626429949218817
The United States has a healthy size oil production but a majority of oil comes from other countries.
This is the energy independence argument https://www.forbes.com/sites/davidblackmon/2020/01/07/the-key-distinction-between-us-energy-independence-and-energy-security/#106924897859
As crude prices react to the conflict between the United States and the Islamic Republic of Iran, now is an important time to understand the key distinction between energy “independence” and energy...https://www.forbes.com/sites/davidblackmon/2020/01/07/the-key-distinction-between-us-energy-independence-and-energy-security/#106924897859
Utility-scale renewable energy prices are now significantly below those for coal and gas generation, and they're less than half the cost of nuclear.Jan 21, 2020- Forbes
You can hedge price fluctuations better in this space.
But those questions have been partly answered, on their way to being answered. https://fortune.com/2020/01/28/lithium-ion-battery-recycling-electric-vehicles/
Oil companies saw the largest shedding of jobs during COVID not bcuz of Green but demand https://www.americanprogress.org/issues/economy/reports/2020/09/23/489894/electric-vehicles-win-american-workers/
Federal policymakers must invest in domestic electric vehicle production and deployment now in order to support high-quality American jobs, cut greenhouse gas emissions over the long term, and ensure...https://www.americanprogress.org/issues/economy/reports/2020/09/23/489894/electric-vehicles-win-american-workers/
It is not a stable market. Green Jobs that don't require large oil buys first have a lower cost of operation. https://www.theguardian.com/business/2020/sep/30/shell-to-cut-up-to-9000-jobs-on-back-of-covid-19-crisis
No one is making anyone do this. But Shell, BP, and other companies have NET Zero plans already, because they can read the market, they can read a balance sheet and understand cost--
China is ahead of us.
Europe is ahead of us.
We are playing catch-up in the renewable space- and we started most of key drivers of this industry. It is infuriating. https://www.axios.com/axios-on-hbo-interview-bp-ceo-bernard-looney-e44c5a7f-ede0-429a-ba75-c65319ab9530.html