While Gov. Lujan Grisham is in Scotland touting the need to address climate change, President Biden, at the recent G-20, pleaded with other nations to increase their oil production to lower the price of gasoline. Maybe she should tell the president that New Mexico could produce the extra oil if he would quit strangling energy production with his brave new government regulations.
While in Scotland, the governor should take note at how Green Energy is destroying Europe. What began as an optimistic power policy in nations across that continent has led to an economic catastrophe.
Europe is experiencing power shortages, lost jobs, inflation spikes and a trickle down effect that’s hurting all of society.
It’s coming here.
New Mexico’s Energy Transition Act or “Green New Deal” is scheduled to move the state to carbon-free power by 50% in 2030, 80% in 2040 and 100% in 2045. The governor and progressive Democrats proudly boast of this 2019 green energy law they believe will mean cleaner power and happiness for all.
The European nations also thought that a green industrial revolution would change the world for the better. But the revolution backfired, and Europe is paying the price.
Europe has invested trillions of dollars toward renewable energy, but the great, green hope is costing big.
Hundreds of fossil fuel plants have shut down after leaders touted their rosy prediction that green energy will save the continent.
The sun didn’t shine. The wind didn’t blow. And because these elements are unreliable and mother nature didn’t cooperate, nations have had to desperately return to coal and natural gas to generate energy.
The sad irony is that this all led to increased demand. Coal then tripled in price and natural gas rose five-fold in just the last year.
The cost of soaring energy prices closed down production in many industries and had a ripple effect on manufacturing and other businesses that relied on fossil fuels. The cost of electricity is now astronomical because of the reliance on renewable energy.
When industries collapse, workers feel the pain and lose jobs. Homeowners feel the crunch as inflation skyrockets.
It’s a vicious cycle that began with a “green dream” that’s turned into an economic nightmare. European economies will feel the pain of their choices for decades because green energy has boomeranged.
The governor and progressive in the Roundhouse should pay attention. It will happen here in New Mexico if her “Green New Deal” continues its timetable.
When will this governor learn that our oil and gas industry is a golden goose that cannot be slain? It provides us with clean and affordable electricity and gasoline to visit family and friends. More than 40% of our state revenues come from this vital, reliable industry, one that pays for education and keeps the economic pulse moving.
If the “Green New Deal” moves forward, our economy will crumble, energy prices will soar and tens of thousands more New Mexicans will be unemployed.
Governor, it’s time you open your eyes and see that red flag waving across the pPond.
Steve Pearce is chairman of the Republican Party of New Mexico.
This article originally appeared on Las Cruces Sun-News: Europe’s green crisis a red flag for New Mexico
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience in implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor in this space. Stuart has led the “Total Corporate Digital Integration” platform at Sandstone and works with Sandstone clients to help integrate all aspects of modern digital business. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage and is the Co-Host of the energy news video and Podcast Energy News Beat.
Stuart is on Board Member of ASN Productions, DI Communities and A Million Thanks
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.