Such is the paradox of government interference in the energy sector: People turn to government to spur innovation, but government is a monopoly, shielded from the market forces that create innovation through competition and consumer choice.
Tagged: green energy
Anyone who travels across this country or lives near the vicinity of wind farms can describe the increasing industrial blight wind farms impose on previously unmarred vistas and formerly wild, undeveloped locales.
In a May 23, 1977 column for Newsweek, titled “A Department of Energy?” the late Nobel laureate economist Milton Friedman wrote: “Do not be misled into supposing that the energy problem is a purely technical problem that engineers can solve.”
With 9-11 nearly upon us, ISIS is brazenly beheading American journalists—with a promise of more to come; Christian congregations have been bombed during worship, churches have been destroyed, monasteries attacked, entire cities purged, hundreds of thousands have fled, while others have been slaughtered; and cities, weapons, banks, and key infrastructures are being captured. Surely, with all of these horrors playing out before our eyes, the crisis in Syria and Iraq is the “most consequential, urgent, sweeping collection of challenges we face.” No, the quote above was made about climate change by Hillary Clinton—the heavy favorite for the Democratic 2016 presidential nomination—before a standing-room-only crowd at Senator Harry Reid’s seventhNational Clean Energy Summit (NCES 7.0) held in Las Vegas on Thursday, September 4.
Here in America and elsewhere around the world, Greens continue to war against any energy other than the “renewable” kind, wind and solar, that is more costly and next to useless. Only coal, oil, natural gas, and nuclear keeps the modern and developing world functioning and growing.
In the same way Americans are discovering that the Cold War that was waged from the end of World War Two until the collapse of the Soviet Union in 1991 is not over, Americans continue to be subjected to the endless, massive, global campaign to foist the hoax of global warming–now called climate change—on everyone.
Yesterday, the temperature here at Rosevale in Queensland rose 25 ℃ in just 8 hours – from zero at 6 am to 25 ℃ at 2 pm. It rose at the rate of 3 ℃ per hour, and every degree of warmth felt better.
The U.S. Environmental Protection Agency announced on Monday, June 1, a power-plant proposal that seeks a 30% carbon dioxide emissions cut by 2030 from existing power plant, based on emission levels from 2005. With this proposal, the main piece of President Obama’s Climate Change Agenda has been set in motion. Although the rule is scheduled to be completed one year from now and will give flexibility to the states, it will regulate carbon emissions from hundreds of fossil-fuel power plants across the U.S. The 600 U.S. coal plants will be hardest hit by the standard.
Panel 8 of the 9th International Conference on Climate Change was on the subject of “Costs and Benefits of Renewable Energy.” The panel was focused on the subject of renewable energy, specifically the high cost and potentially devastating economic consequences produced by the federal government’s efforts to replace the current energy sources with renewables.
The states that will get hurt the most by this new EPA rule are red states for the most part, if not entirely. Most blue states won’t feel a thing. And – boy oh boy – those windmill manufacturers must be dancing in the streets!
Despite the war-like hostility of the Obama administration to the traditional carbon based energy that fueled the industrial revolution, the entrepreneurship and modern technology of America’s private economy is producing a boom in oil and gas production that is overwhelming President Obama.
The Spain-based company, Abengoa Solar, claims to be “a global leader in solar thermal energy.” Its website boasts: “Abengoa Solar is the largest solar plant operator worldwide.” Abengoa went public in October 2013, and since, its stock price has doubled. With the support the White House gives to solar energy and the mandates for renewable energy present in the majority of states, Abengoa sounds like a solid investment. And, that’s the image Abengoa has burnished with full-page ads in the Wall Street Journal to encourage investment. However, rather than a “buy,” Abengoa should be a “sell”—sell quickly—as its American run could be coming to a close.