Subscribe to receive CRI Policy analysis & updates, event notifications, and Data Delaware Podcasts/Publications!
What will be the impact of the Covid-19 virus on Delaware's economy?
There are two extreme views among economists regarding the U.S. economy. The first view anticipates a substantial recession similar to 2008-09. The second expects a severe dip in the second quarter of 2020 with a steady rebound thereafter.
I favor the severe dip scenario. The 2008-09 recession was prolonged because there were extreme price distortions in residential and capital markets that took time to correct. The wealth effect from stock market losses was compounded by a huge decline in residential housing equity.
The Covid-19 crisis, while painful to many families, will have a
The state of Delaware legislated requirements that led to Delmarva Power signing long term contracts for high cost electric generation sources. This included the purchase of fuel cells from Bloom Energy, Inc., and earlier than needed contracts for high priced solar and onshore wind resources. Consequently, the cost from these sources is exceeding a consumer protection cost cap by six-fold. This will cost families as much as an extra $2,500 over the life of the contract. Some manufacturers are paying a job killing $1 million a year. Delawareans are subsequently left with lost job opportunities, lower wages, and higher electric bills. TO SIGN THE PETITION PLEASE GO ...[read more]
"Mr. Stevenson's discussion will focus on the success (or lack thereof) of Maine's clean energy policies, including the Regional Greenhouse Gas Initiative and the upcoming Transportation and Climate Initiative, a regional coalition of 12 states and Washington DC that aims to reduce emissions in the transportation sector by imposing new fees on fuel distributors that will be passed onto consumers at the pump, in effect acting as a new gas tax."-The Morning News with Ken & Matt, WGAN. CLICK PODCAST LINK BELOW AND LISTEN!
Industrial size wind power is running into opposition BY: David T. Stevenson, Director, CRI Center for Energy Competitiveness DATE : 8/21/2019 (photo credit: europa.eu) Utility scale wind power projects are facing a number of obstacles. The extreme cases are in European countries that have been leaders in such projects, but resistance is also grow...[read more]
Dear Editor: Contrary to the rhetoric coming out of Dover, Delaware’s economy is doing poorly. And the political establishment has little stomach for meaningful change. THE ECONOMY’S PERFORMANCE EMPLOYMENT: The current annual growth rate of private employment in Delaware is 0.6%, about half the nation’s rate. And 0.6% is the jobs growth rate projected by the Delaware Department of Labor through 2026 and 0.2% is the jobs growth rate projected by the Delaware Population Consortium. The bulk of the jobs being added in Delaware are in industries with lower wages and limited benefits, including restaurants, temporary help, janitorial serv...[read more]