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Originally Posted by ITD
There are bonds and there are bonds. You can lose your shirt buying the wrong bonds.
Government policy has a huge effect on fossil fuel and electricity prices. It's not a free market. We have an administration that has consistently said they want to limit and eliminate fossil fuel usage. We are seeing the fruits of those policies and efforts.
When people send money to green causes, this is what those causes want to happen. The slogan is always "alternative energy", but "alternative energy" is not even remotely ready to assume the load.
The result of these drastic energy price increases is going to be people without means being very cold, or dead this winter. And the problems these strategies are supposed to improve won't budge.
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We had 13M b/d of refining capacity in 2016. We had 12M b/d of refining capacity in 2020. The policy to expand without limits LNG sales offshore was enacted in 2018 - that is what effects the cost of generating electricity from fossil fuels. Biden was in his basement during that period. So what Administration are you talking about?