2025-02-14GLOBALIZATION OF ENERGY COMPANIES

One of my pet peeves has long been the sad and sorry state of the U.S. Power Grid… it’s fragility and complete inability to survive a significant Solar Flare. Indeed Something like the Carrington Event (an X-15+ Solar Flare) would destroy the U.S. Power Grid and most if not all of its transformers which could not be replaced in a world without power.

The results would be the death of 90%+ of the U.S. population and generations of struggle to rebuild. The same would be true in all of the Industrialized world.

There was some movement a few years ago towards the Electric companies hardening the grid to at least minimize that threat. Sadly it came to nothing. Even worse over the last decade more and more Energy companies have been acquired by Global Companies like Blackrock and Vanguard. THEIR priority is on immediate and short term profits and not the long term viability of the Grid or the countries in which they exist.

I fear that as things continue the U.S. (and the world’s) power grid is going to decline even further since investment and improvement does not enhance the quarterly bottom line or enhance stock valuation. Short of forcing a divestiture or simply shutting down these Global Corporation things are not going to improve. I used to put most of the blame for the situation on Politicians. Looks like it’s out of their hands now and they are much victims as the rest of us. Though it does beg the question… How many have significant holdings of Vanguard and Blackrock Stock?

https://www.americanthinker.com/articles/2025/02/high_electric_bills_are_the_tip_of_the_iceberg.html

The Librarian