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Post by sweep on Jun 9, 2022 14:26:57 GMT -6
How about we dump the convoluted carbon tax and required green energy nonsense and instead concentrate on building out efficient grids. It uses a tax to price pollution, not regulation. WTF................ |
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Post by 00hmh on Jun 9, 2022 15:13:29 GMT -6
It uses a tax to price pollution, not regulation. WTF................ Externalities are not costs to the producer, or to the consumer. By creating a tax on carbon use, to offset the cost of cleaning up or mitigating the costs to the public of people using carbon fuels, you essentially make the carbon use have a cost equal to the harm it will do. Thus the market will price the externality and they will convert to green energy where it is actually cheaper. IF not we pay for the pollution as we go.
Many market aware conservative economists endorse a carbon tax. At least in theory.
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Post by sweep on Jun 9, 2022 15:30:21 GMT -6
Externalities are not costs to the producer, or to the consumer. By creating a tax on carbon use, to offset the cost of cleaning up or mitigating the costs to the public of people using carbon fuels, you essentially make the carbon use have a cost equal to the harm it will do. Thus the market will price the externality and they will convert to green energy where it is actually cheaper. IF not we pay for the pollution as we go.
Many market aware conservative economists endorse a carbon tax. At least in theory.
I know how it works, and it's a punitive regulation with a market priced penalty (carbon tax). You must be the worst attorney on the planet. |
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Post by bsutrack on Jun 9, 2022 16:37:00 GMT -6
Texas, the most oil friendly state, is a textbook case. Regulators there have ignored the problems with their grid and the need for their state to be linked efficiently, and now can only just sit and watch the rolling blackouts. But the real problem is also just needing to plan for greater energy use efficiency, greater efficiency in moving energy on the grid, not just on the supply side in generation. Texas has a significant number of Lefty Loons in Austin who have placed way too much of their capital investment into windmills instead of constructing more fossil fuel generating capacity. The Texas electrical grid is unstable because of the wild swings you get in how much wind power is generated on any particular day. Most really hot and cold days are associated with high pressure centers which result in days of low wind speeds just when you need the dang windmills the most. |
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Post by bsutrack on Jun 9, 2022 16:40:05 GMT -6
We reached the $5 per gallon average today.
I honestly thought it would take until the end of the summer to "achieve" this feat. Guess Biden has overachieved. If he was smart, he would use the Defense Production Act to start construction of a new oil refinery ASAP. We both know that isn't going to happen.
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Post by 00hmh on Jun 9, 2022 16:51:56 GMT -6
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Post by bsutrack on Jun 9, 2022 21:37:45 GMT -6
Texas has a significant number of Lefty Loons in Austin who have placed way too much of their capital investment into windmills instead of constructing more fossil fuel generating capacity. The Texas electrical grid is unstable because of the wild swings you get in how much wind power is generated on any particular day. Most really hot and cold days are associated with high pressure centers which result in days of low wind speeds just when you need the dang windmills the most. That's not the main reason. You really think Texas is short of oil? It's their decision not to connect with neighboring states that is a bigger issue. "You really think Texas is short of oil?" I'm not sure what you are trying to say with that. My guess, it's another way to phase the question; If Texas has so much oil and gas, why construct so many windmills? It all goes back to the Lefty Loons in Austin (Texas' capital). You would like Austin, as well as Houston and Dallas. The population is heavily Democratic in those locals. The politicians in Austin over the years have put in place numerous tax incentives and subsidies to entice the development of both wind and solar. Based on these government subsidies, it really makes economic sense to build-out unsustainable numbers of windmills. At least it makes economic sense for their developers; maybe not for the grid operators who later are left with the mess. Here's a pretty detailed analysis of what happened in the great February, 2021 Texas Freeze-out. wattsupwiththat.com/2021/03/01/texas-wind-was-operating-almost-as-well-as-expected-part-deux/The author refutes many of the false claims of what happened and why. For example, one defense is the windmills of Texas weren't winterized and if they had been winterized everything would have been okay. Yet, the windmills in other power generation areas performed just as badly. ![]()  The Windmills in the Southwest Power Pool (SWPP) and Midcontinent Independent System Operator (MISO) which were winterized performed just as badly as those in Texas (ERCOT). The main problem, as the author points out, was the wind stopped blowing before the winter storm began. From the article: "Wind typically accounts for 20-25% of ERCOT’s winter generation. Winter, particularly February, is actually a good wind season. According to the EIA, in February 2019 wind achieved a 41% capacity factor in Texas. ERCOT data indicate a 31% capacity factor in February 2019. Up until February 8, wind was exceeding expectations… Then the bottom dropped out for 10 days.  Wind’s failure occurred a full week before the power outages… When 25% of your team doesn’t show up for the game, the phrase “only slightly underperformed” is, at the very least, Orwellian." Natural gas generated power attempted to fill the void with pretty much every available natural gas power plant maxing-out. Natural gas went from delivering 20 to 30% of all electricity to over 60%. If only some of the capital used in the previous years to construct windmills had gone into building more fossil fuel plants. The author then looks at why the SWPP and MISO grids are more stable. His conclusion is they still rely more on coal for their generation. Once they are also forced into more intermittent sources (solar and wind), they will start performing just as badly. ![]() |
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Post by bsutrack on Jun 9, 2022 21:55:38 GMT -6
The Washington Post article is actually pretty good and fairly balanced. I like the way it points out how many coal power plants are closing early because they can't afford to make the necessary regulatory upgrades; thus accelerating the power shortage crisis. For example, the following passage: Southern Illinois, "along with large parts of Michigan, Wisconsin, Minnesota and other states linked to the regional grid, has been put on notice in the forecast that it is facing a “high risk of energy emergencies during peak summer conditions.” A major reason is that some of the coal plants that regulators assumed would keep running for another year or two are instead coming offline. Some plant operators are choosing to shut down rather than invest in upgrades for coal plants that do not fit with states’ and the federal government’s long-term goals for clean energy." A great example of government engineering a crisis by forcing their climate agenda onto our power grid. Also you shouldn't put a great deal of confidence in your grid being linked to others. As the article states: "Some political leaders and utilities in the Midwest are assuring residents that their connections to neighboring grids can provide a backup of energy to avoid blackouts if the Midcontinent system gets overstressed. But energy experts warn those power transfers may not be available in the event of a prolonged heat wave that stretches across many states, as California learned when part of its grid became overwhelmed in the summer of 2020." Until your power fails, here are a few articles to mull over. wattsupwiththat.com/2021/10/17/useless-green-energy-hitting-the-wall/wattsupwiththat.com/2022/04/03/china-continues-to-laugh-at-western-green-energy-foolishness/ |
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Post by sweep on Jun 10, 2022 8:20:07 GMT -6
Not only is current inflation not transitory, it's getting worse. May CPI rose at an annualized rate of 8.6%, the highest in 40 years. Meanwhile we get a prime time clown show about a single riot incident from 18 months ago. The DNC has lost their minds.
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Post by bsutrack on Jun 10, 2022 16:20:43 GMT -6
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Post by bsutrack on Jun 15, 2022 21:59:45 GMT -6
Biden called out over warning to Big Oil as energy secretary exercises electric car stock optionswww.foxnews.com/media/biden-called-out-warning-big-oil-energy-secretary-exercises-electric-car-stock-optionsEnergy Secretary Jennifer Granholm reportedly exercised $1.6 million in stock options with an electric vehicle technology firm as she and President Biden urge action on climate change while Americans face $5 per gallon on unleaded 87 octane.Granholm reportedly sold her holdings in Burlingame, Calif.-based Proterra in 2021, but the UK Daily Mail reported she recently exercised $1.6 million in stock options from the company. Move along, no conflict of interest to see here. |
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Post by chirpchirpcards on Jun 26, 2022 9:06:26 GMT -6
Which would you rather have (if you live in Indiana currently), the $225 Holcomb wants to send to all Indiana residents, or a suspension of the gas tax, which currently sits at 62 cents a gallon?
EDIT: Or NEITHER and have the state actually use the nearly 4 billion surplus on things like infrastructure, teacher's pay, schools, police pay and pensions, etc. etc. etc.
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Post by bsutrack on Jun 26, 2022 14:17:12 GMT -6
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Post by bsutrack on Jun 28, 2022 16:18:08 GMT -6
There might be a slight problem with that trip next week to the Middle East to beg the Saudis to produce more oil.
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Post by bsutrack on Jul 3, 2022 9:22:57 GMT -6
Is Jeff Bezos following Elon Musk off the Democratic Plantation?
I guess the Democrats will still have George Soros to fund their radical agenda.
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