OPINION:
This has been a colder than usual winter in the Midwest and Northeast, so many Americans are facing high home heating and electric bills. In some areas, these bills can reach $1,000 a month.
Liberals charge that President Trump, of course, is the culprit. An AP story last week screamed: “Trump Once Again Wants to Cut Energy Assistance to the Poor.” Vermont Sen. Bernie Sanders charged that if Mr. Trump has his way and eliminates the Low Income Heating Assistance Program, people might “literally freeze to death” (sic.)
But wait. Donald Trump is pro-American energy development. He isn’t the one who is making energy bills more expensive in the Northeast and in the mountain states. It’s the liberal green groups and politicians like Bernie Sanders who accede to their anti-fossil fuel demands.
In my book “Fueling Freedom,” my coauthor Kathleen Hartnett White and I discovered that the shale gas revolution lowered the price of natural gas by about two-thirds (from $10 to $3 per million cubic feet). This in turn has meant big savings in electricity and home heating costs from where they were a decade ago.
We calculated the benefits to poor households from these lower prices and estimated about $10 billion of consumer savings each year from shale gas. The annual budget for the LIHEAP program is about $3 billion. So shale gas is saving poor families three times what LIHEAP does.
Yet the very left-wing politicians who say how shameful it is to cut energy assistance, are the ones who want America to stop producing shale gas by banning fracking and other modern drilling technologies that make natural gas so cheap.
Cheap natural gas from fracking also benefits millions more poor families than does LIHEAP. The government estimates that about 6 million poor families receive LIHEAP each year. But there are at least 20 million low income families in America. Cheap natural gas lowers costs for all families, while fed assistance only benefits the ones who sign up for government handouts.
If the goal is to provide cheap energy for low income Americans, fracking is many times more effective than LIHEAP.
The story doesn’t end there. Home heating and electric bills would be much cheaper still for poor families without so called renewable energy standards — pushed by greens and liberal politicians at the state and local levels.
The Manhattan Institute has found that states with these wind and solar mandates have had much larger hikes in utility costs than states without them. New York, which is revving up its green energy policies, charges its residents 40 percent more for electric power than the national average.
I’m still not done. Professor Bernard Weinstein of SMU has examined why utility prices have spiked so much in the Northeast. He found that “New England and New York are using imported liquefied natural gas (LNG), which is much more expensive than domestic gas, to satisfy nearly 20 percent of their heating and electric power needs. Some of this imported gas has come from Russia, despite current international sanctions.”
Imported natural gas? How can a nation with massive deposits of very cheap natural gas in places like the Marcelus shale in Pennsylvania and West Virginia be importing natural gas?
One reason is that we don’t have pipelines to transport the natural gas inexpensively to the Northeast. Environmentalists who hate oil and gas have spent years blocking this vital infrastructure — not just the Keystone Pipeline, but many others that should be transporting shale oil and gas efficiently across the country.
It doesn’t seem to bother the green groups that the biggest victims of anti-fossil fuel policies are low and middle income Americans. Never has.
Environmentalism is effectively a regressive tax on America’s poorest households — and imposed upon them by liberal politicians and the rich liberals who fund them — people like Democratic donor extraordinaire Tom Steyer.
Amazing, isn’t it, that this same crowd turns around and attacks Mr. Trump for forcing poor people to pay more for energy and possibly condemning them to freezing to death. If you have sticker shock when you pay your energy bill this month, at least you now know who to thank — and it ain’t Donald Trump.
• Stephen Moore is a senior fellow at the Heritage Foundation and an economic consultant with Freedom Works. He is the coauthor of “Fueling Freedom: Exposing the Mad War on Energy,” (Regnery, 2016).
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