Trump the fool one year ago: We will slash electricity prices by half within twelve months, eighteen months max

Electricity will be ten cents again when pigs fly. 

“Under my administration, we will be slashing energy and electricity prices by half within 12 months, at a maximum 18 months,” he told an audience in North Carolina in August 2024. 

Quoted here. 

OMG the dumbest line in this story: people who buy trucks often use them to haul things

 Well no shit, Sherlock.

The Electric Pickup Truck Boom Turned Into a Big Bust

... many electric versions just aren’t up for the task. ... 

Pickup sales, first half of 2025:

EVs 35,000

Internal Combustion: 1,600,000 

Power hungry data centers break the utility model of socializing electricity costs: Seventy percent of last year's increased electricity cost was the result of data center demand

 

 As electric bills rise, evidence mounts that data centers share blame. States feel pressure to act

... Monitoring Analytics, the independent market watchdog for the mid-Atlantic grid, produced research in June showing that 70% — or $9.3 billion — of last year’s increased electricity cost was the result of data center demand. ... 

PJM [Interconnection, the mid-Atlantic grid operator], has yet to propose ways to guarantee that data centers pay their freight, but Monitoring Analytics is floating the idea that data centers should be required to procure their own power. 

In a filing last month, it said that would avoid a “massive wealth transfer” from average people to tech companies. ...

 Demand for Electricity Takes Off. US Power Generation by Source in 2024: Natural Gas, Coal, Nuclear, Wind, Hydro, Solar, Geothermal, Biomass, Petroleum 

The quantity of electricity generated in the US by all sources, from natural gas to rooftop solar, rose by 3.1% in 2024 from 2023 to a record of 4,304,039 gigawatt-hours (GWh), according to data from the EIA today.

This is now clearly a breakout in demand, after 14 years of stagnation, from 2007 through 2021, when electricity users, to reduce their costs, invested in more efficient equipment – lights, appliances, electronic equipment, industrial equipment, heating and air-conditioning, etc. – and in better building insulation, shading, etc., to reduce their power costs. This relentless drive for greater efficiency kept demand roughly stable for years despite the growing economy and population. And it mired many power generators and electric utilities in a no-growth business where it was difficult to justify investment.

Now the scenario has changed, largely due to the growth in demand from data centers (AI, cloud, crypto) and the increasing penetration of EVs in the national vehicle fleet – EVs accounted for over 10% of US vehicle sales in 2024. ...

EV sales achieve record high 9.1% of total sales of passenger vehicles in July, 90.9% sold still internal combustion lol

 

EV sales soar as Trump axes $7,500 tax credit: ‘People are rushing out’ to buy, analyst says

Consumers are racing to buy electric vehicles before a fast-approaching deadline to claim tax credits worth up to $7,500, according to auto analysts.

Legislation championed by Republicans on Capitol Hill and signed by President Donald Trump in July eliminates the tax breaks — available for new, used and leased EVs — after Sept. 30.

The Biden-era Inflation Reduction Act had originally offered the tax breaks to consumers through 2032.

“We’re expecting Q3 may be [a] record for EV sales because of the tax incentives going away,” said Stephanie Valdez Streaty, a senior analyst at Cox Automotive.

“People are rushing out” to buy, she said.

Consumers purchased nearly 130,100 new EVs in July, the second-highest monthly sales tally on record, behind roughly 136,000 sold in December, according to Cox Automotive data. The July figures represent a 26.4% increase from June and nearly 20% increase year-over-year, Streaty said.

The share of EV sales in July also accounted for about 9.1% of total sales of passenger vehicles that month, the largest monthly share on record, according to Cox.

“We’re seeing significant volume in new EVs,” said Liz Najman, director of market insights at Recurrent, an EV marketplace and data provider. ...

 

The $3.45 average price of gasoline in 2024 was not quite 7% higher than the inflation adjusted price of $3.23/gallon from 1978

 Gasoline prices are moderating slowly in 2025 even as the inflation-adjusted price rises to $3.27.

Gasoline actually averaged $3.27 in the first half of 2025, dead on the money for what it should cost if it were only adjusted for inflation since 1978.

Gasoline retailers like convenience stores don't make their money on gasoline, with profit margins on gasoline in the 2% range. They make it on stuff like milk, the free-market price of which is a great mystery. AI thinks the unregulated price of milk right now would be about $4.00/gallon.

At the corner convenience store near where I live, a gallon of whole milk is a whopping $4.99, but eight miles down the road at my grocery it's only $3.45, so it's a mark-up of 45% for the convenience. 

But my grocery offers a routine discount coupon of 60 cents per gallon of milk, which brings the price down to $2.85, which Sam's can't beat at $3.23. Milk is my grocery's loss leader to get me in the store, like rotisserie chicken is a loss leader for Sam's and Costco, or like gasoline.

Gasoline this morning at Sam's is $3.01/gallon.

My momma told me, you better shop around. 

Meanwhile average fuel economy in 2023 is 27.1 miles on a gallon of gasoline, up from about 17.6 in 1978.

Seems like we should be doing better in that department. 

 

The EU spent more on anti-carbon lunacy in 2024 than on defense

... the EU is now promising to cut carbon emissions by 90% in just 15 years. This goes even further than its already foolhardy promise of a 55% cut by 2030. ...

The EU splurged $381 billion just in 2024 on solar panels, wind turbines, electric cars and the like — more than its entire spending on defense. This is delivering skyrocketing electricity bills — last year they were two times higher than in the US. ...

... the climate impact from the EU’s policies will be next-to-nothing. Run the promised 90% by 2040 and net-zero by 2050 in the United Nations’ own climate model and compare the temperature outcome with the current policy. Because the EU matters little in global emissions and because it has already cut emissions significantly, it will only reduce global emissions through the 21^st century by a small 3%. The temperature difference in 2050 is a vanishing 0.02°F and even by 2100 the impact will be impossible to measure at 0.07°F.

All while models show that the cost for the EU by mid-century could be more than $3 trillion every year — more than all current public spending in the EU. ...

More. 

Electricity posts its highest semiannual average price ever in 1H2025, under Mad King Ludwig

 The average price hit a record 19-cents per kWhr in June.

 

 

Natural gas in the United States posts its second highest semiannual average price ever, under Mad King Ludwig

 

Down she goes

 

The truth is buried in the very last paragraph: Obama's war on coal did this to us

Why electricity prices are surging for U.S. households

... certain facilities like old fossil-fuel powered plants have been decommissioned and new energy capacity to replace it has been relatively slow to come online ...

The more things change, the more the fascist U.S. system of corporate welfare does not

 

In race to attract data centers, states forfeit hundreds of millions in tax revenue to tech firms

 

... In the race to attract large data centers, states are forfeiting hundreds of millions of dollars in tax revenue, according to a CNBC analysis. Among the beneficiaries of these exemptions are tech giants such as Amazon, Meta and Google, which all have market caps of over $1 trillion. 

Tax breaks have long been a tool states use to compete for businesses. However, watchdog groups said that for data centers the tradeoffs are iffy, because the facilities don’t tend to create large numbers of jobs, while the amount of electricity required can be immense. 

The growing number of tax breaks has sparked a debate about whether massive corporations should be receiving these generous incentives. ...

Greg LeRoy, executive director of Good Jobs First, a nonprofit research group that tracks corporate subsidies and advocates for transparency and accountability in economic development, has spent more than a decade examining the impact of exemptions nationwide. He said the clear winners are the Big Tech companies.

“There was a giant transfer of wealth from taxpayers to shareholders,” LeRoy told CNBC. “Some states, like Virginia, are headed toward billion-dollar annual losses.” ...

LeRoy calls it a losing proposition for taxpayers.  

“When tax breaks don’t pay for themselves, only two things can happen: Either public services are reduced in quality, or everybody’s taxes go up in other ways if you’re going to try to keep things the same in terms of quality of public services,” he said. ...

 

Meanwhile, known corporate welfare, in the form of tax abatements and subsidies by states and localities to attract businesses to come and bring jobs, is presently estimated at in excess of $417 billion. The real total is probably far higher given that local data is poor relative to state disclosures.

 

The data, incomplete as it may be, shows just ten states where we're talking about only "hundreds of millions" in lost tax revenue and tax loss expenditures. In the rest we're talking about billions, even tens of billions.    

Israel has started attacking Iran's oil sector in Bushehr Province this morning, which will concern China since it imports 16% of its oil from Iran, buying 90% of Iranian oil exports

 The cash China provides Iran in this transaction funds the ballistic missiles raining down on Tel Aviv this week.

 

 

 

The average price of piped utility natural gas in May 2025 was 1.626, 59% higher than the 2010-2020 average of 1.023

 

The average price of gasoline in May 2025 was $3.306 per gallon, 7.2% lower than the average under Biden but still much higher than under Obama or Trump I

Under eight years of Obama gasoline averaged $2.974 per gallon.

Under four years of Trump gasoline averaged $2.488.

Under four years of Biden gasoline averaged $3.563. 

Electricity made a new all time high price in May 2025 at 18.2 cents per kWhr, which is 36% higher than the 2010-2020 average of 13.4 cents

 

GM will not produce EVs at Orion Assembly Plant in suburban Detroit as the company moves production of gasoline vehicles to the US from Mexico to avoid 25% tariffs

 GM to invest $4 billion in U.S. plants amid tariffs for Mexican-produced vehicles

... GM said the investment will add assembly of the gas-powered Chevrolet Blazer and Chevrolet Equinox that are currently produced in Mexico to two other plants in the U.S. and convert a large idled plant in Michigan — formerly expected to build all-electric trucks — to make gas-powered SUVs and trucks in 2027. ...

 

Burning cargo ship bound for Mexico from China with 800 electric vehicles on board abandoned off the coast of Alaska lol

 

... Fires across all vessel segments hit the highest level in a decade in 2024, according to insurer Allianz Commercial. ...

More.

Gee, I wonder why.

Don't park one in your garage.

 

Update Wed Jun 25, 2025:

She sank, 16,000 feet under lol.

The ninth car-carrier in ten years the video says.

 

 

 

Low-inertia renewable energy systems are prone to blackouts such as in Spain in April because they cannot maintain stable frequencies in the absence of high-inertia fossil fuel, hydro, and nuclear energy systems

 The Physics Behind the Spanish Blackout: Madrid knew solar and wind power were unreliable but pressed ahead anyway.

When a grid failure plunged 55 million people in Spain and Portugal into darkness at the end of April, it should have been a wake-up call on green energy. Climate activists promised that solar and wind power were the future of cheap, dependable electricity. The massive half-day blackout shows otherwise. The nature of solar and wind generation makes grids that rely on them more prone to collapse—an issue that’s particularly expensive to ameliorate. ...

Grids need to stay on a very stable frequency—generally 50 Hertz in Europe—or else you get blackouts. Fossil-fuel, hydro and nuclear generation all solve this problem naturally because they generate energy by powering massive spinning turbines. The inertia of these heavy rotating masses resists changes in speed and hence frequency, so that when sudden demand swings would otherwise drop or hike grid frequency, the turbines work as immense buffers. But wind and solar don’t power such heavy turbines to generate energy. It’s possible to make up for this with cutting-edge technology such as advanced inverters or synthetic inertia. But many solar and wind farms haven’t undergone these expensive upgrades. If a grid dominated by those two power sources gets off frequency, a blackout is more likely than in a system that relies on other energy sources. ...

Just a week prior to the blackout, Spain bragged that for the first time, renewables delivered 100% of its electricity, though only for a period of minutes around 11:15 a.m. When it collapsed, the Iberian grid was powered by 74% renewable energy, with 55% coming from solar. It went down under the bright noon sun. When the Iberian grid frequency started faltering on April 28, the grid’s high proportion of solar and wind generation couldn’t stabilize it. This isn’t speculation; it’s physics. As the electricity supply across Spain collapsed, Portugal was pulled along, because the two countries are tightly interconnected through the Iberian electricity network. ...

The customers, naturally

 After Trump order, who will pay to keep Michigan coal plant on life support? 

... While the details still remain unclear, utility customers will ultimately be the ones to pay it, they say. ...

The 1935 law Trump administration officials used to order the plant stay open — more commonly deployed for emergencies like hurricanes, wildfires or extreme heat — entitles Consumers to recover its expenses as it complies, according to Dan Scripps, chair of the Michigan Public Service Commission, which regulates utilities in the state. ...

The same day this story was published Consumer's Energy informed me my budget plan payment amount will rise by $48 monthly for the next year.

We are already paying.

The Trump Energy Department's Chris Wright saves 1,450 megawatts of electric generating capacity by stopping closure of Michigan coal plant operated by Consumers Energy

... The plant was originally set to close on May 31, which would have been 15 years before its lifespan was scheduled to end.

More.

The green lunatic running the Michigan Public Service Commission is furious. Common sense people from the area are no doubt relieved.