America’s New Energy Crisis – WSJ

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America is wrestling with the worst vitality disaster in practically 5 many years, a interval of excessive costs and restricted provide. What makes this disaster completely different than the troubles that roiled the nation within the Seventies is the way it began and the fixes required to make it finish.

This present problem started with a decade of reasonably priced energy that upended the U.S. vitality world. The rise of fracking, which extracts oil and gasoline from shale rock, unlocked low-cost home provides whereas cleaner vitality offered by wind and photo voltaic farms grew to become far inexpensive. Gasoline and oil costs fell whereas gas-fired energy and renewable energy pushed apart costlier—and politically much less standard—coal and nuclear vegetation.

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