Oil Economy Focus Rapid Review
Energy Secretary Rick Perry has said that a rash of coal-fired and nuclear power plants retirements is “alarming” and poses a looming crisis for the nation’s power grid, and “if unchecked, will threaten our ability to recover from intentional attacks and natural disasters.” In contrast, “Fuel security and resilience are phony issues,” said John Hughes president and CEO of the Electricity Consumers Resource Counsel, calling concerns about national security a “pretext” that allows the federal government “to pick winners and losers in the energy markets” by propping up that have struggled to compete against cheap, abundant natural gas and renewable energy such as wind and solar power.
LINK TO THE SOURCE ARTICLE: Bolster struggling coal-fired and nuclear power plants?
