An Energy Crisis

New England may face one this winter. Too many who should know better are laying this prospect off to Russia’s invasion of Ukraine.

There are more proximate origins of the risk. One is the Biden administration’s naked war on our nation’s overall domestic energy production industry, including canceling pipeline projects in progress and denying permits for other pipelines—including one from Canada down into New England—canceling drilling leases and slow-walking permits (or outright denying them) to drill on other leases, withdrawing Federal lands from any sort of fossil fuel exploration or development, and on and on.

But that is only backdrop, and corrections to those failures would have no immediate effect on New England’s risk.

A more immediate origin is the domestic blockade of energy to New England, which consists of two barriers. One is ex-Governor Andrew Cuomo’s (D) decision to block a natural gas pipeline from Pennsylvania to New England, a pipeline that would have transited New York, coupled with Cuomo’s decision to deny development from within New York of the Marcellus Formation, a shale formation rich in, among other things, natural gas. These decisions have been upheld, and enthusiastically so, by current New York Governor Kathy Hochul (D). New England’s energy needs be damned.

The other barrier from the blockade is the Jones Act, a century-old law that in pertinent part mandates that goods (for instance, oil and natural gas) carried from one American port (vis., a Gulf Coast refinery) to another American port (vis., Portsmouth, NH, or Portland, ME) must be via an American freighter.

These barriers already have combined to force New England to buy its natural gas from…Russia. Which is the only way the barbarian’s invasion of Ukraine enters into the problem at all.

Immediate and mid-term solutions should be obvious: waive the Jones Act restrictions on energy shipments into New England, something well within the authority of President Joe Biden (D). Given the state of American ship building capacity, this cabotage aspect of the Act should be rescinded altogether, but that would require Congress to do.

Another, more mid-term, solution would be for New York to get out of the way of exploitation of Marcellus and to allow pipeline shipments of natural gas into New England from Pennsylvania. That, though, will require replacement of the Progressive-Democratic Party-run State government with a more balanced and Conservative and Republican Party-run government.

Only an Inch

That’s how much President Joe Biden (D) said inflation rose, after it rose more than 8% in August.

It’s about to get worse.

Earlier this month, the NEADA [National Energy Assistance Directors Association] projected that the average cost to heat a home would increase by 17.2% since last winter, rising from $1,025 to $1,202. Heating oil costs will jump an estimated 54% to $1,876, while natural gas costs may increase 24% to $709, according to the NEADA.

Nick Loris, Public Policy‘s C3 Solutions Vice President, emphasized the impact on those in the lower economic strata—”folks” Biden pretends so piously to care about:

[M]ore money dedicated to paying for heat means fewer resources are essential for human well-being[.]

And that means

…will be regressive, hurting the poor the most since they spend a higher percentage of their budget on energy costs[.]

I suppose that’s only another inch of increase in Biden’s mind, though, so it’s all good.

Right Idea, but…

…details in the implementation will matter, also. Competition always drives costs to a level approaching the cost of production, and that’s to the good, not only of consumers but for competitors and others looking to enter the market, as well.

However.

On Monday, [Congresswoman and MD Mariannette (R, IA)] Miller-Meeks along with three of her colleagues introduced a bill titled the “Biologics Competition Act,” which seeks “to evaluate the process by which interchangeable biological products are approved to be used in pharmaceuticals.”
“So in essence, what we’re trying to get is biosimilar drugs that are the same chemically—that they have an equivalency to let those be prescribed as generic drugs, which would bring down the cost of medication[.]”

There’s a reason generics, in general, are delayed in getting authorization to be marketed: to allow the drug’s initial developer(s) time to recoup the costs of development and to begin realizing profit, and thereby encourage further drug development.

Such permission delays would need to apply to the biosimilar drugs, too. With a fillip: defining how much change is necessary while remaining biosimilar without leaving the required change so trivial that the new drug is an outright plagiary with only a token item grafted on.

That may well be the eye of a needle—passable, but with difficulty, especially when trying to write down a specific law. Worth going for, though, absolutely.

Manchin’s Permit Reform Legislation

It’s in serious jeopardy from House Progressive-Democratic Party members—70 of them—and Senator Joe Manchin (D, WV) hasn’t even released the language of his permit reform proposal (but West Virginia’s other Senator, Republican Senator Shelly Moore Capito, has released hers). Despite this, Manchin blames Republicans for the jeopardy.

On top of that, Manchin says he’ll release his proposal in the coming days.

This, of course, is nonsense. Manchin, responsible Senator that he is, has had his proposal written since early in the days when he was negotiating with Senate Majority Leader Chuck Schumer (D) the price for which Manchin would sell his vote on the Progressive-Democratic Party’s then-latest spendthrift bill.

Manchin has no reason at all for withholding his proposal from public scrutiny for so long, much less from the other party’s scrutiny before demanding their vote on it.

Backdoor Guaranteed Income

The DC city council is getting ready to give holders of the city’s municipal bus and rail system fare cards a recurring $100 balance. Card holders will have that much fare money given to them, repetitively, by the taxpayers among the District’s residents (given to themselves to the extent there’s overlap between the two groups).

A slice of guaranteed income for council-approved persons. If Mayor Muriel Bowser’s (D) government were serious about lowering city transportation costs for its residents, those personages could, instead, simply lower the fares, so that all the residents could share in the program.

But, no….