Originally published at RealClearMarkets
With Democrat Josh Shapiro as a newly inaugurated governor and a new legislative body, Pennsylvania will either shine as an energy superstar or continue down the dim path of economic decline.
The commonwealth is a national leader in energy production despite being stifled by onerous regulations, market-distorting subsidies and an irrational hostility toward fossil fuels.
Shapiro’s energy policies will have implications for the power grid’s reliability throughout the Northeast, thousands of jobs in the coal and natural gas industries, and the competitiveness of manufacturers statewide. Residential electricity rates—already up an average of 73 percent since 2020—will continue to erode Pennsylvania’s competitiveness unless the status quo changes.
Read more at RealClearMarkets