by Martin Armstrong

Armstrong Economics

January17, 2024

Over 150 million Americans are under a winter chill advisory due to life-threatening temperatures. Every state besides Hawaii has issued some form of caution to residents as nearly 80% of the nation faces below-freezing weather. Extreme weather highlights the importance of fossil fuels, as there is NO reliable alternative.

Texas is on the verge of having another power grid failure of the ERCOT system. Around 11,000 Texans experienced power outages on Monday. In 2021, a winter storm devastated the state, millions lost power, and hundreds lost their lives, causing state leaders to move further from renewables. Governor Abbott blamed solar and wind energy reliance for thrusting the state into a lethal situation, and called the Green New Deal “a deadly deal for the United States of America.”

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