Let's talk about the new energy rule....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 17 May 2024
⏱️ 4 minutes
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Summary
Let's talk about the new energy rule....
Transcript
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| 0:00.0 | Well, howdy there internet people, let's bow again. So today we are going to talk about a long-awaited |
| 0:08.6 | rule change and the Federal Energy Regulatory Commission, not an agency, not an organization that people |
| 0:18.8 | hear about very often. |
| 0:21.4 | But we're going to talk about their new rule and what is likely to occur because of that. |
| 0:30.0 | Okay, so the headlines are going to say something like, you know, F ERC pushes new rule, pushes out new rule, |
| 0:38.4 | approves new rule. |
| 0:39.6 | When you or I hear the word rule, how long do you think a rule is? It's a sentence, right? |
| 0:46.2 | Maybe a paragraph. This is 1300 pages. Obviously, I have not read it all yet. I have been talking to people who are very |
| 0:59.7 | aware of what's in it and the short version is this 1300 page rule that they have |
| 1:09.9 | been working on for about two years will do a lot to fix aging energy |
| 1:17.3 | infrastructure like the power grid. It will decrease disruptions, make the grid more resilient to climate change, transmit green energy faster, |
| 1:32.0 | make it, I guess not transmit it faster, make it, make it to where those |
| 1:39.4 | new sites come online faster and kind of set the grid up to engage in a higher volume to |
| 1:52.2 | help with you know data centers and AI and all of this stuff and |
| 1:58.6 | to accommodate the the increased amount of manufacturing that is occurring domestically. |
| 2:07.0 | It's set up to do all of this. |
| 2:10.0 | This is a huge win for Biden that's probably not going to get any press whatsoever |
| 2:18.0 | because his big thing when it comes to you know 2035 and the reducing carbon getting it out of certain |
| 2:27.8 | industries all of that stuff it wasn't going to happen without this and they approved the rule change. |
| 2:35.6 | So it's a huge win for Biden. |
| 2:40.6 | Odds are even though I I'm not aware of anything in it that would actually negatively impact |
| 2:48.3 | dirty energy profits. |
... |
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