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Details on the permitting reform demanded by Senator Manchin remain scant. Many fear it could prove a giveaway to fossil fuel companies. The majority leader seems determined to see it through, despite ever more Democrats expressing their skepticism.
To avoid the energy catastrophe and reverse the huge loss in living standards already under way, we need to take over the fossil fuel companies and phase out their production with increased investment in renewables, to reduce fuel prices for households and small businesses.
We can’t live without energy and we desperately do need to turn to alternatives to fossil fuels. But alternative energies are only going to be truly viable if we can also greatly reduce our energy needs, which means reconfiguring the global economy.
Mexico President Andrés Manuel López Obrador is attempting to transform the country’s overpriced energy industry by nationalizing lithium — a move essential to kicking out private mining and developing a robust and affordable public energy sector.
This logistical model is the engine of breakneck capitalism. But its fragility is now being exposed. Decades of deregulation, privatisation and market worship have left society vulnerable to the unbidden force of “just-in-time” supply chains.
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