Bidens Plans could mean the end for Natural Gas in the US

While Joe Biden was busy talking from both sides of his mouth about what position he would take if he were chosen to fracking, another revelation has surfaced: Regardless of his position on fracking, his $ 2 trillion plan could go for clean energy for natural gas can be devastating. As Bloomberg points out in a recent article, not only is natural gas a vital part of the nation's energy supply, but it also has a direct impact on the vote in swing state Pennsylvania, where Biden seeks to become one of the 2016 trump cards To make trump. Biden's energy plan could accelerate natural gas "becoming economically and environmentally unsustainable in the energy sector," Bloomberg notes. Biden's plan for a carbon neutral grid would practically ensure that natural gas is phased out in favor of renewable energy. Kevin Book, CEO of ClearView Energy Partners, put it in a nutshell: "Decarbonization is not a debate - it is a death sentence for fossil fuels. It means a resource goes offline. That is the inevitable consequence." While gas remains an important source of energy for the nation, it has also faced headwinds: it's more expensive than sun and wind in most places, and renewable energies are set to become even cheaper by 2030. John Coequyt, the Sierra Club's climate policy director, said, "Gas remains an important source of energy for the nation:" This transition will be faster than people thought, just as the transition to coal was faster than people thought. Biden's proposals to curb the wells could actually help natural gas prices in the short term - as could a warmer relationship with China - but in the long term the forecast looks undeniable. Should Biden be elected, he would be entering a winter when gas prices should already fall 5.7% due to higher prices this season. In addition, states like California - which is often the leading indicator of detrimental, frivolous, and lavish government regulations - are already taking active steps to reduce natural gas consumption. Many compare Biden's potential impact on gas with Obama's impact on coal. It is worth remembering that the Obama administration practically made coal disappear from the map - it accelerated the decline of the industry by enacting environmental regulations on coal-fired power plants. David Spence, a professor in the University of Texas Law School, commented, "They might be able to have policies that, in theory at least, will give them a chance of survival, even if it will make it much harder for them to survive . Katie Bays, an analyst at Sandhill Strategy in Washington, concluded, "Much of the road to net zero for electricity by 2035 will come from energy efficiency gains, a lot from renewables, and that will eventually displace fossil fuels ".