Nov.18, 2021 (EIRNS)—Winter energy bills will soar by between 30 and 54% for three-fifths of American households, the U.S. Energy Department’s U.S. Energy Information Agency (EIA) reported Nov. 9 in its “Winter Fuels Outlook, October 2021” report. As grim as this sounds, this may be a considerable underestimation.
The EIA attempts to determine winter energy costs by extrapolation from the past and observation of some current trends. But the bankers’ “regime change” dictatorship launched at the Jackson Hole, Wyoming, meeting in August 2019 by then Bank of England head Mark Carney and Black Rock asset-management executives; the combined effects of $5.4 trillion in Federal Reserve “quantitative easing” and $5 trillion in federal budget pumping; the ravaging of energy production through the Malthusian Great Reset; and the speculation in the commodity spot market exchanges, may render the EIA’s determinations a pale reflection of what will happen.
In its outlook report, the EIA predicts that the 50% of U.S. households who heat their homes primarily through natural gas will experience a 30% increase in cost compared to last year; that the 4% of U.S. households that heat primarily with oil will experience a 43% increase in cost; and that the 5% of U.S. households that heat primarily with propane will experience a 54% increase in cost.
The EIA assumes that the 41% of U.S. households that heat primarily with electricity will experience only a 6% increase in cost this winter. But the underlying assumption that costs may stabilize since electricity power generating stations locked in their fuel supplies based on long-term contracts for oil, coal, and natural gas, may not hold up. Supplies of these fuels, on a timely basis, may fall apart. Further, the forced reliance on the solar- and wind-powered sectors may create great difficulties, as these sources cannot supply energy reliably or at all, as occurred during the Texas cold snap of February 2021.
Millions of American families may have greatly restricted heat or no heat at all. There exists no short-term fix to a bankers-instigated Weimar hyperinflation.
