Even when comparing an electric vehicle getting electricity from a gas power plant to a gas vehicle, electric vehicles are still more carbon friendly because a car’s engine is less efficient at generating power than a gas power plant, and because a lot of carbon is used to transport gasoline. And, as electric grids use more and more low-carbon sources, the electric cars have an even greater carbon advantage.
Fracking creates an ingredient for plastic, and fracking companies can’t release that into the air because it is bad for the environment, so plastic companies get the ingredient to plastic super cheap from fracking companies, making new plastic cheaper than recycled plastic.
“Trump said the administration was officially terminating Biden’s “ridiculous” CAFE (corporate average fuel economy) rules, claiming car prices would come down in response to today’s action. Automakers are now required to meet an average of 34.5 mpg across their model fleet by 2031, a dramatic drop from the average of 50.4 mpg across 2031 that the Biden administration had proposed.”
As the U.S. backs away from clean energy and limiting global warming on the president’s false belief that climate change is a hoax, China is stepping in as a leader globally, leading on the issue and selling its technologies and products to countries around the world. Despite its leadership and its massive renewable production, it still uses a lot of dirty coal. China’s clean energy partnerships around the world give it influence. The Trump-led U.S. is banking on past fuels and energy, while China is advancing into the future.
The hitting of refineries in Russia is creating a gas shortage that may impact civilians. This could eventually weaken Russians’ support for the invasion.
Trump Media Group grifting Trump supporters by a large buyback. Instead of investing in the businesses, the company is raising money to put it in Trump’s pocket. Trump owns 60% of the stock, so a buyback makes him richer. Buybacks are normally done by profitable companies to reward their shareholders. Trump Media Group is not profitable. They raised money via an equity sale and then bought back their stock, essentially transferring some of the money raised into Trump’s pockets. (Discussion of this begins at 21:37).