On March 11, 2022, the Wall Street Journal published an opinion column written by Robert Bryce titled “Blame Sacramento, Not Moscow, for California’s Energy Crisis”
Mr. Bryce says: “A fixation on renewables and underinvestment in fossil fuels are causing real economic pain in the state.”
“California’s politicians and policy makers eagerly emulated Europe’s energy policies for years. Like Europe, California over invested in renewables, underinvested in hydrocarbons, prematurely shuttered its baseload power plants, and relied too heavily on imported energy. Now, as Europe is ensnared in Vladimir Putin’s energy trap, Californians watch as the state’s energy prices head toward the stratosphere.”
Personally, I think that we must not put in the account of Mr. Putin our own mistakes and to cry for the increase in the gasoline price in California and in the rest of the country.
In the WSJ Online blog of this column, I posted: “The American energy crisis is a consequence of wrong American energy politics.”
A lot of members of the WSJ blog community agreed with me.
SOURCES: The Wall Street Journal, my own think tank.
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