Hey Sen. Sinema and Sen. Manchin, the House Dem's reconciliation package promises to make us more like Europe--with a European-like electric grid. Are you cool with that?
Market Watch (9/15/21) reports: "Europe’s energy crisis deepened on Wednesday, with natural gas futures in Europe and the U.K. soaring by double digits, while a fire at a electricity converter station that connected France to England. October Title Transfer Facility (TTF) natural gas futures in the Netherlands— the European benchmark — jumped to 72.195 euros per megawatt hour (MWh) on Wednesday, a new record and a nearly 10% gain on the day, while U.K. natural gas futures surged around 10% to 181.42 pence a therm, also a new high. European benchmark natural gas prices have soared 287% year to date, driven by a shortage of supplies from Russia, which is using more of its own natural gas; a lack of U.S. supply due to hurricanes disrupting refineries; a heat wave in the U.K. and elsewhere that has disrupted wind power; and hurricanes knocking out supplies from the U.S. Gulf of Mexico. As some pointed out, the crude equivalent for Dutch natural gas prices is now exceeding the highs seen for Brent oil during 2008. Shortages of natural gas across Europe have triggered sharp gains in power prices for consumers across the continent and the U.K., as well as forcing up coal and carbon emissions prices."
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"Carbon emissions are embedded into nearly everything in our economy. If Democrats believe that the Centers for Disease Control and Prevention should be empowered to declare an eviction moratorium and unilaterally discard property rights, you can imagine what sort of things await this nation if they can declare climate change an 'emergency.'"
– David Harsanyi, New York Post
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