Donald Trump said this would happen. It’s going to get really ugly.
Because Trump’s prediction about Kamala Harris has come true and it’s bad news.
Donald Trump has been focusing on the immigration issue this election cycle, as expected. It’s one of the most vulnerable issues for Kamala Harris and the Democrats, and most Americans agree it’s one of the two most important issues they are considering as they head to the ballot box this November. There is another issue, though, that Trump has been trying to bring into focus.
That is energy. Donald Trump has been sounding the alarm and trying to draw attention to the problem of energy, arguing that it will have an impact on everything else in the economy in America. The energy production of the United States will have consequences for basically every facet of American life for decades to come. High energy supplies help drive down electricity costs, help farmers more efficiently grow and harvest crops, and help businesses reinvest money previously spent on energy costs on workers and the market.
As president, my policy will be MAXIMUM Energy Production to achieve low prices and make the United States into a manufacturing powerhouse.
I will cut the price of Energy and Electricity in HALF within 12 months. We will seriously expedite our environmental approvals, and… pic.twitter.com/L7ilw5Lbw0
— Trump Posts on 𝕏 (@trump_repost) October 10, 2024
Donald Trump back in 2020 actually said that energy would be a concern if Joe Biden and Kamala Harris took office. Unfortunately, his prediction has come true. According to new reports, under the Joe Biden and Kamala Harris administration, the United States is on pace to be woefully behind on energy production. So much so that America may not be able to keep up with energy needs by the year 2030.
American Energy Demand Poised to Outstrip Supply by 2030, Bain Report Warns
According to a new report from Bain, a leading consultancy, American energy demand could soon surpass the nation’s power supply by the end of the decade. The report highlights the necessity for utilities to ramp up their annual power generation by as much as 26% by 2028 in response to escalating demand, particularly driven by power-hungry data centers essential for supporting artificial intelligence (AI) technologies.
Historically, overall U.S. electricity demand has remained relatively stable since 2000. However, Bain’s findings suggest that utility companies will need to make significant adjustments to their business models, which are likely to result in increased electricity costs for American consumers.
“In the U.S. alone, adequately funding the capital investments to serve data center growth over the next decade would require utilities to generate 10% to 19% in additional revenue each year than previously forecast,” Bain stated in its report. “That could incrementally increase customer bills by 1% annually through 2032, according to our analysis.”
The report indicates that AI data centers are responsible for approximately 44% of the anticipated growth in electricity demand. Additionally, residential energy use — including electric vehicles (EVs) — is projected to contribute 27% to this increase. The remaining demand growth is expected to stem from manufacturing and commercial electricity consumption.
Bain’s analysis aligns with warnings from a growing number of power grid operators and experts who caution that America’s electrical system is under increasing strain as demand rises and regulations compel the early retirement of dependable fossil fuel capacity.
In April, the Biden-Harris administration finalized regulations requiring existing coal plants to implement carbon capture and storage (CCS) technologies to control 90% of their carbon emissions by 2032 if they wish to continue operations past 2039. New natural gas plants will also face a similar requirement to reduce emissions by 90% by the same deadline, according to the Environmental Protection Agency. While the federal government asserts that these regulations will not compromise grid reliability, power grid experts have expressed concerns, indicating that they expect the opposite effect if these rules are strictly enforced.
Donald Trump has been claiming for months that he wants to use all available energy sources to help create the United States as the most dominant source of energy in the entire world. That would include drilling for oil, creating nuclear power-plants, as well as utilizing renewable energy resources where they make sense rather than trying to make the entire energy grid rely on them.
“Drill Baby Drill” has been a favorite quote of Trump’s this cycle, claiming that there’s a ton of beneficial drilling for fossil fuels to be done, particularly in Alaska and in the Northwest of the nation.
“Drill baby drill” Trump when asked what he would do to bring down the cost of things.
pic.twitter.com/2yD6vhz1Vc— PBD Podcast (@PBDsPodcast) May 11, 2023
Nuclear energy is another source that Donald Trump has identified as a way to help fulfill the energy requirements that the nation will require in the next decade, especially with the amount of energy that AI development will require for tech companies in the United States.
Donald Trump says to be dominant in AI, America requires twice the electricity of current capacity and he pledges to meet that demand, partly through nuclear power pic.twitter.com/HooPgk4Qpa
— Tsarathustra (@tsarnick) July 27, 2024
Stay tuned to the DC Daily Journal.
