Green energy was 2023's biggest loser. Will Biden and progressives wake up in 2024?
Fox News
President Biden told Americans in 2023 that it would be a year that would usher in a 'transition' to renewable energy. Boy, was he wrong. Green energy was a big, fat loser in 2023.
Stephen Moore is a senior fellow at the Heritage Foundation and a co-founder of the Committee to Unleash Prosperity. His latest book is "Govzilla: How the Relentless Growth of Government Is Devouring Our Economy."
Start with the hard reality that in 2023 the world consumed more fossil fuels than ever before. Reuters admitted that despite pledges to shun fossil fuels at the COP-28 climate change conference held several weeks ago: "oil, gas, and coal still account for about 80% of the world's energy, and projections vary widely about when global demand will finally hit its peak." Even Biden is acknowledging that oil production continues to hit new highs.