Blowing Up the Bills
What to know: Offshore wind threatens to blow up British utility bills, as offshore wind developer Orsted demands more money. According to the Financial Times, Orsted feels “the electricity prices the UK government offers to developers are not high enough to absorb surging costs.”
The TPPF take: Subsidies don’t make “renewable” energy any cheaper for the consumer.
“Every significant expansion of wind and solar power in global history has led to a sharp increase in the cost of electricity—and made that electricity less reliable,” says TPPF’s Jason Isaac. “Questioning the ‘energy transition’ narrative may be taboo, but an open-minded analysis of what we know so far about wind energy—offshore and inland—shows too many consequences and too few benefits.”
For more on offshore wind. click here.
Cuba Libre
What to know: The Biden administration is now admitting that the Chinese Communist Party has reopened old Soviet spying facilities in Cuba.
The TPPF take: China’s actions in Cuba threaten U.S. national security.
“The spy base at Lourdes on the north coast of Cuba, 93 miles south of Key West, has a long history,” says TPPF’s Chuck DeVore. “It operated for 40 years, from 1962 until 2002 when the nearly bankrupt Russian Federation could no longer afford to pay Cuba the $200 million a year in rent, nor keep the more than 1,500 intelligence specialists on the island. For China, cash isn’t much of a problem.”
For more on China and Cuba, click here.
Corruption
What to know: Another Mexican official has been convicted in the U.S. for corruption and drug trafficking.
The TPPF take: Texas can fight the corrupt Mexican elites.
“As organized crime-related violence continues spreading through Mexico, more wealthy Mexicans have sought solace in Texas, where—safe from peso devaluations, vengeful political rivals, and extortion plots—they began investing,” says TPPF’s Melissa Ford Maldonado. “These cases are often downplayed as victimless, but the repercussions of their actions leave a trail of victims in their wake.”
For more on corruption in Mexico, click here.