Cleaner Energy = More Stable Prices and Lower Inflation
With energy costs high and rising, fossil fuel execs and some politicians and pundits are claiming we need more domestic oil, coal, and natural gas in order to tame energy cost inflation. This is about as true as Brer Rabbit not wanting to get thrown into the briar patch. In reality, it is the volatile and global nature of fossil fuels that lead to inflation, community wealth extraction, and even recessions, according to an excellent new paper from the Roosevelt Institute: Energy Price Stability; The Peril of Fossil Fuels and the Promise of Renewables. For an audio version, listen to David Robert’s conversation with authors Lauren Melodia and Kristina Karlsson on the Volts podcast.