By John Ubaldi, “Ubaldi Reports”

Americans across the board are facing higher prices in all areas, and at the end of last month the Bureau of Economic Analysis issued its final report that the U.S. economy contracted for the second consecutive quarter in the three months ending in June, which technically meets the criteria for a recession.

The U.S. economy is suffering under the weight of surging inflation and interest rates which places an enormous burden on businesses and consumers.

Right now the biggest threat to the U.S. economy is likely to be the Democrats “green agenda.” The Biden administration and Democrats consistently blame Russia’s invasion of Ukraine and the global energy crisis for higher inflation and interest rates, unfortunately all this was happening before these events.

What has been overlooked either by design or incompetence is that much of the problems the U.S. economy is experiencing is from a lack of fossil fuels and a heavy emphasis on unreliable and expensive renewable energy sources. One only has to examine the deindustrialization that is happening in the United Kingdom, much of the European Union-to include Germany which has long been the industrial powerhouse of Europe.

With winter on the horizon, energy rationing will be in Europe’s future as they embraced a total “green agenda” eliminating fossil fuel, and solely forcing their economies to be heavily dependent on Russian energy.

The environmental green movement placed its entire agenda of powering the economies of Europe on renewable energy; unfortunately you can’t power a modern economy just on solar and wind alone.

Over the past twenty years trillions have been spent on renewable energy, but fossil fuels have barely declined as the world’s primary energy source.  What hasn’t been wildly reported that the primary reduction of greenhouse-gas reductions in recent years has resulted in the conversion from coal to natural gas? What has impacted the economies of the world and the U.S. negatively is trying to eliminate fossil fuels. One only has to examine the impact on Germany’s highly touted renewable energy conversion has led German consumers to pay the highest electric costs in the world; this was even before Russia’s invasion of Ukraine.

Even in California with its uber-green agenda the residents pay 80% more for electricity then the U.S. national average.

With this push for a “green agenda” the world is now experiencing a self-induced a global energy shortage coupled with food inflation which has been infused into agricultural polices leading many countries to face food insecurity; Sri Lanka is one example.

Sri Lanka had a vibrant and self-sustaining agriculture economy, country enjoyed commerce, wealth and a thriving middle class. Unfortunately governmental leaders were seduced western elites “green agenda,” from which they adopted an anti-capitalist agenda and achieved one of the highest Environmental, Social, and Governance (ESG) in the world.

The unfortunate aspect, it had unintended consequences as the nation is now in economic collapse. Where Sri Lanka had been self-sufficient in feeding its people, now there is hunger and starvation. Embracing the “green agenda” in agriculture production, food prices rose 80%, and caused massive protests resulting in citizens storming the presidential palace and forcing the government to flee the country.  To prevent famine from engulfing the island, food has to be shipped in.

As the world suffers the consequences of a “green agenda” the American people are struggling with higher gas prices and high utility costs with Democrats across the country falling over themselves in their singular pursuit of their elusive “green agenda” no matter the disastrous impact on the U.S. economy.

This was all predictable as every Democrat campaigned in 2020 to eliminate fossil fuel and with the election of President Biden this has come to fruition.

No sooner than after his inauguration Biden pushed forward his ambitious “green agenda” that ended America’s energy independence, and with it lead to higher energy prices, despite the claim this was predicated by Russia’s invasion of Ukraine.

Energy prices were trending higher months before Russia’s invasion, despite Biden’s claim otherwise.

Energy is the life blood of any modern economy, no matter how much we want to wish it away fossil fuel powers America’s economic growth, with Biden pushing his climate agenda he is acquiescing American security to our adversaries.

The Biden administration and the Democratic Party continue to believe that wind and solar will provide the necessary energy to propel the American economy forward, but one only has to look at California to see this will have the opposite effect.

The problem with relying solely on wind/solar the energy will have to be stored in some version of a battery storage source. This would require the extraction of rare-earth elements, such as copper and other materials which has to be mined, as this is critical to electric batteries. What no one seems to understand is that China and its client states control the vast amount of these rare earth minerals, which are mined under the most brutal conditions.

One of the key rare earth minerals found in electric batteries is cobalt, which is mined in the Democratic Republic of Congo (DRC) that employ around 255,000 Congolese, that also employ 40,000 children many as young as six years old.  The average wage of these workers is about $2 a day, who then have to utilize their own equipment, which often means using their hands.

Recently California passed legislation mandating by 2035, you will no longer be able to buy a gas-powered vehicle with only electric vehicles being sold. This new law is being contemplated in other states such across the country such as Washington and Massachusetts, with the Biden administration wanting to duplicate this policy.

It’s interesting to note before the ink was even dry, California Independent System Operator, (CISO) which oversees the state’s flow of electricity, has urged Californians to curb its energy usage and that includes not charging there electric vehicles.

Numerous questions abound, but are not being asked of the Biden administration nor of Democrats is the reliability of a wind- and sun-powered grid, its availability, the cost of battery-powered cars which is predicated on having enough batteries to reach their envisioned green energy goal of re-shaping the American economy.

How would the electrification of the country work, especially in relation to the latest hurricane that slammed into Florida? How will hundreds of thousands of Floridians charge their vehicle upon relocation, and would the area they evacuate too have the ability in handling such a mass migration is so short of a period.

With the hurricane forcing hundreds of thousands to lose power, how would electrification of the energy grid work in this situation? How would individuals power up there electric vehicles without power for an extended time period?

The other aspect never discussed is the  expense of electric vehicles which run between $50-60,000, even with government subsidies is far above the price of which most Americans can afford.  Biden often speaks how their policies are helping working Americans, but the subsidies are slated to go to the wealthy who easily can afford electric vehicles. Will these subsidies continue?

Other prominent questions have never been asked, such as who will pay for all the electric charging stations needed to convert to an electric economy? It may work for those who keep their vehicles in their garage, but unfortunately many do not. What about those who live in apartments, even if landlords do provide charging stations, many have limited spaces, thus forcing many to park in the street, so how will this be accomplished.

What about businesses across America, they would be forced to provide charging stations for their employees, this would have to be duplicated across America in anywhere Americans drive their cars and stop at; who pays for all of this? You are speaking of trillions of new spending in such a short period, how would this impact the national debt?

As the nation begins the electrifying of the economy, demand has gone up, but like in California with all its green mandates, they are struggling to meet there current energy needs, the situation will only get worse.

As much as Biden and Democrats claim to care about working Americans and especially people of color, these are precisely the people who can least afford Democrats “green agenda policies” and are having a difficult time absorbing the high the energy costs now.

A press release issued by The National Energy Assistance Directors Association (NEADA) which represents the state directors of the Low Income Home Energy Assistance Program (LIHEAP) today released data showing that more than 20 million families, about one out of six American families, are behind on their utility bills. In total, these families owe about $16 billion, up from about $8.1 billion at the end of December 2019. During this period the average amount owed increased from about $403 to $792.

Most utility companies rely on natural gas, and right now the nation is experiencing a shortage of natural gas not because we are running out but because of Democratic policies are curtailing its usage in favor of green energy such as wind and solar.

It’s ironic that a couple in an electric vehicle ran out of power in West Virginia and need help from coal miners to push their car to a coal fired plant for a charge. This situation will be common if Democratic polices are fully enacted across the country.

With the push toward a “green agenda” for America will only duplicate the situation found in other countries and further weaken the U.S. economy. Is this the path for America and depressed economy!