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Heritage Explains

Is America Heading for an Energy Crisis? | Mario Loyola

Heritage Explains

Heritage Podcast Network

Education

4.6808 Ratings

🗓️ 23 April 2025

⏱️ 17 minutes

🧾️ Download transcript

Summary

With the push for green energy, governments around the world have pushed for (and passed) subsidies for so-called “renewable” energy like wind and solar. The US passed large subsidies of this kind under the Biden Administration’s Inflation Reduction Act, passed in 2022. But these policies do not have the effect of creating long-term stability in the American energy grid. Here to explain why is Mario Loyola, Senior Fellow in Law, Economics, and Technology, here at the Heritage Foundation. 

Follow Mario Loyola on X: https://x.com/mario_a_loyola?lang=en

More by Mario at Heritage.org: https://www.heritage.org/staff/mario-loyola

Mario Loyola in The Hill: https://thehill.com/opinion/5233595-inflation-reduction-act-energy-crisis/

Have thoughts? Let us know at [email protected]

Transcript

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0:00.0

Three, two, one, zero, all engine run.

0:06.7

There is no other institution that has the ability uniquely.

0:11.3

Without a heritage, every generation starts over.

0:14.5

To remind the current regime.

0:18.6

We the people tell the governor what it is allowed to do.

0:22.5

All the action to get back in their box and stay there.

0:28.0

Lift-off.

0:28.9

We have a lift-down.

0:31.8

From the Heritage Foundation, this is Heritage Explains.

0:43.2

Yeah. Foundation, this is Heritage Explains. The very first commercial power station in the United States began its life in September

0:48.8

of 1882, operated by the Edison Illuminating Company under the direction of American inventor Thomas Edison.

0:57.0

The coal-burning plant generated enough electricity to power just 400 light bulbs, owned by a total of 82 clients.

1:05.0

And all of those clients lived within a half a mile, because that's the furthest the electricity could be transmitted.

1:11.8

That was one reason the Pearl Street Station, as it was known, was located not in some far-flung

1:17.5

suburban business park, but in the heart of New York City's financial district. The other reason

1:23.1

was publicity. Edison needed to demonstrate the viability of the electrical empire that he was

1:29.1

building. And in that, he was successful. Americans who comprise about 4% of the population

1:35.9

of the world now consume 16% of the world's electricity. Now, with the push for green energy,

1:43.4

governments around the world have pushed for and passed

1:46.2

subsidies for so-called renewable energy sources like wind and solar.

1:52.0

The United States passed large subsidies of this kind under the Biden administration's

1:56.3

Inflation Reduction Act passed in 2022.

...

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