Tanks for the Memories
What to Know: The Portland City Council has banned all new fossil fuels infrastructureâincluding pipelines and storage infrastructure. About 90 percent of the stateâs oil and gas moves through the port city.
The TPPF Take: By banning new infrastructure such as pipelines and storage tanks, Portland is ensuring that Oregon is more likely to experience energy shortages, while making available energy more expensive.
âWhile politicians declare their intention to wean their states off of oil and natural gas, realityâthe physics of battery energy storage, the chemistry of energy density, and the economics of bothâwill dictate that the nation will be dependent on fossil fuels for the foreseeable future,â says TPPFâs Chuck DeVore. âThe results will be entirely predictable.â