Posted tagged ‘High Cost Of Green Energy’

Must reads For The Week 6/3/17

June 3, 2017

WE BID ‘ADIEU’ TO THE PARIS CLIMATE AGREEMENT

President Trump Announces US Withdrawal From The Paris Climate Accord, at zerohedge.com. Jerry Brown, Bill DeBlasio, Al Gore, Bernie Sanders, and Barack Obama respond to Trump pulling out of the Paris Climate Accord. If these five are for the Paris climate agreement, it must be nothing more than a socialist scheme for redistributing US tax payer money to the rest of the world. This agreement fits the world view of these gentlemen. Getting out doesn’t.

Obama Responds To Trump’s Withdrawal From Paris Climate Agreement, at zerohedge.com. First let me say this. President Obama. Since you didn’t send this treaty to the Senate for ratification, you had to know that the next President could get us out of this ‘agreement’  just as easily as you got us in to it.

Now here is what the former President said in his statement: “….the private sector already chose a low-carbon future. And for Nations that committed themselves to that future, the Paris Agreement opened the floodgates for businesses, scientists, and engineers to unleash high-tech, low-carbon investment and innovation on an unprecedented scale.”

Mr. President. The private sector didn’t choose “a low-carbon future”. Government ‘invested’ in green energy because the private sector wasn’t. The private sector doesn’t invest in technology that isn’t productive. Government ‘investment’ is nothing more than Politicians using taxpayer money to subsidize a non productive activity they think is a good idea (which means it fits their socialist world view). Once government money was available for the taking, crony capitalists, like Elon Musk and Jeffry Immelt, got in line for their share of tax payer dollars. Crony capitalist companies chose unproductive activities that were “made profitable” by tax payer dollars (Read-The Hidden High Cost Of Green Energy). So of course they’re against the US getting out of the Paris Agreement.

More from the former President: “…But even in the absence of American leadership……I’m confident that our states, cities, and businesses will step up and do even more to lead the way, and help protect for future generations the one planet we’ve got.”

First. It is OK if states, cities, and businesses want to freely choose this course of action. As long as they aren’t forced by the Federal Government or subsidized by the Federal Government.

Second. Getting out of the Paris Agreement is not the absence of American leadership. Getting out is American leadership. Leadership in America doesn’t come from political decrees. It comes from individuals coming up with new and better ways of producing output. A perfect example of American leadership is fracking. Fracking has broken the OPEC cartel because of the increased supply of oil. It has also helped lower US CO2 emissions because it has made natural gas so inexpensive that power plants are using natural gas instead of coal to produce electricity (If the purpose of the Paris Agreement was to lower carbon emissions they should be celebrating what fracking has accomplished). Here is an excerpt from an article I wrote titled; “Free Market Fracking Trumps Government Solutions When It Comes To Producing Energy.”

Market forces are more powerful than the hoped for results of central planners. The most recent example of this is the boom in oil and natural gas production, created by hydraulic fracturing [ fracking], which is taking place on private land in spite of Government policies. Our politicians shut down some Government lands to oil exploration, and made the process of getting permits for exploration on remaining lands more time-consuming [costlier]. They used their power, and our tax dollars, to promote and invest in, “green energy”. Green energy was going to create new jobs and lead our economy into the future; do you remember Van Jones the Green Jobs Tzar. As always, the plans by our best and brightest politicians, must be obedient to economic forces. Green energy has, and is, going bankrupt, in spite of being propped up by Government. Government tried to make carbon based fuels more expensive through regulation, and green energy more affordable through tax payer subsidies; And with all this Government intervention, the economic reality that green energy produces less energy at a higher cost, and carbon based fuel produces more energy at a lower cost, can’t be overcome.”

Elon Musk Leaving Trump Advisory Councils following Paris Agreement Withdrawal, at techcrunch.com. Having crony capitalist Elon Musk on a Government advisory council is like having the fox advising the farmer on how to make the hen-house more secure. (Read Here – Gov. Subsidies Helped Musk Attain $13.3 Billion Net Worth)

Studying The Climate Doesn’t Make You An Expert On Economics And Politics, by Ryan McMaken, at mises.org. Excerpt from the article: “…the Paris Climate Agreement isn’t a scientific study. It’s a political document that lays out a specific public-policy agenda…..to people who know nothing about economics or political institutions – public policy is like a magic trick. A group of politicians get together, declare that they’re going to solve problem X, and then problem X is magically solved, so long as everyone supports the “solution”…….what if the cure is worse than the disease?

THE REST OF THE MUST READS

To Lower Healthcare Costs, Try Freedom, by Julian Adorney, at mises.org. Quote from above. “Market forces are more powerful than the hoped for results of central planners.

The ‘Logic’ Of Protectionism Leads To An Absurd Conclusion: total Economic Self-Sufficiency At the Individual Level, by Mark J. Perry, at carpediemblog. Free trade increases wealth. Mercantilist protectionism decreases wealth.

Why Do Half-Measures Work For Markets, But Not for Socialism? by Ryan McMaken, at mises.org. Even as Venezuela fails as it adopts more socialist solutions, true believers say it isn’t true socialism. When a socialist country adopts some market solutions it helps lift more of their people out of poverty.

Auto Bloodbath: Lowest Domestic Auto Sales In Three Years Despite Record Inventories and Incentives, at zerohedge.com. Is the auto bubble about to burst?

Spying On You, Spying On Me, Spying On The President, by Andrew Napolitano, at lewrockwell.com. Once you  allow government surveillance outside of our fourth amendment rights. It is almost impossible to recapture the pit bull of government you let off the chain.

Voter Fraud? 5,500 Non-Citizens Discovered On Virginia’s Voting Rolls, at zerohedge.com. Now this is how you break the law to influence the election!

CARTOONS

Mk9251R.jpg

uNsFNCC.gif

SHdNlfs.jpg

Advertisements

On Earth Day, Let’s Celebrate The Benefits Of Fossil Fuels!

April 22, 2015

Alex Epstein gives us a different perspective on fossil fuels in this video from Prager University.

 

The video below is Alex Epstein wading through the People’s Climate March in NYC last September.

When you watch the video you literally see how you are swimming against the current of public opinion when you don’t agree with their environmental ignorance.

 

In this article by Alex Epstein titled, Making The World A Better Place By Using More Fossil Fuels, he says, “Without exception, anyone who lives a modern life is directly or indirectly is using large amounts of fossil fuel energy – it is that ubiquitous.

Most people don’t understand that 87% of the energy they use comes from fossil fuels. They also don’t understand that plastics, ink, dyes, resins, tires, tar, lubricants, cloths, lipstick, and much more (see list here), are made from oil.

People who don’t like the use of fossil fuels probably haven’t really thought about a world without fossil fuels, because they Were Born In The Middle Of The Story.

 

Related ArticleThe Hidden High Cost Of Green Energy, at austrianaddict.com.

Related ArticleClimate Change Religion? Economics? Science?, at austrianaddict.com.

Must Reads For The Week 1/17/15

January 17, 2015

 

The pen is mightier than the sword...

 The pen is mightier than the sword… (Photo credit: mbshane)

THE HIGH COST OF GREEN

NYC Mayor De Blasio Just Banned Another Common Product, by Phil Hall, at thefederalistpapers.org. He is banning Styrofoam, which is used in such things as Styrofoam containers for food by restaurants and packing peanuts used in shipping and storage. De Blasio said, “…We have better options, better alternatives,……and those alternatives will soon become more plentiful and will cost less.” The Mayor apparently understands the concept that a greater supply reduces the price. But does he understand that if there is a lower cost better product it will be supplied by the market. If you ban something, obviously the next best lower cost alternative will take the banned products place. Oh the cost of being green.

Unrealistic Offshore Wind Project Gets Plug Pulled, by Phil Hall, at thefederalistpapers.org. National Grid and NStar ended contracts with Cape Wind because it missed the Dec. 31 deadline to obtain financing for the project. Even with the Federal Government willing to provide a $150 million loan, backed by your tax dollars, they couldn’t scam the private sector into financing the rest of the project. At least the Government didn’t mandate the wind farm be built. Voluntary exchange in the market just saved the tax payer $150 million. (Read more here, Cape Wind Is Dead at masterresource.com.)

EPA New Methane Regulations Aimed At The Fracking Industry, by Michael Casey, at cbsnews.com. Since shutting down Federal lands to the fracking industry didn’t stop shale oil production, the administration is going to use EPA regulations to try to put the fracking genie back in the bottle. This is just like the administration’s ‘war on coal’. The administration’s war on carbon based energy is really a war on American citizens. Even though economic reality will eventually win against Government central planners, the cost of the interventions will be paid.

THE STATE OF THE ECONOMY?

Yes Some Companies Are Cutting Hours In Response To Obamacare Mandates, at economicpolicyjournal.com. Employers are capping workers hours in response to the Affordable Care Act’s employer mandate. Another example of Government regulations hurting the people it’s trying to help.

Business Closures Now Out Number Business Start Ups, by Jim Clifton, at gallop.com. For the first time in 35 years the number of companies going out of business was higher than the number of business start-ups. This is due to economic forces correcting for the interventions into the market by Federal Government regulations, and the Feds artificially low-interest rates and electronically printing counterfeit money.

Labor Participation Rate Drops To 38 Year Low; Record 92.8 Million Americans Not In Labor Force, at zerohedge.com. Production creates wealth and consumption destroys what has been produced (wealth). Is an economy growing when the number of people who are producing is shrinking even though they are still consuming.

THE DYNAMISM OF THE MARKET

3D Printed Model Heart Helps Doctors Save A Little Girls Life, by Anthony Domanico, at cnet.com. This 3D scaled replica of this 4-year-old girl’s heart helped doctors plan for surgical options that may not have been possible without 3D printing technology.

Man Saves Wife’s Sight By 3D Printing Her Tumor, by Sara Breselor, at makezine.com. This husband, with no medical background, used his knowledge of 3D graphics and printing to save his wife after she was misdiagnosed by doctors. He 3D printed a model of his wife’s skull and shopped it around to neurosurgeons until one agreed to try a different kind minimally invasive procedure rather than actually cutting open her skull, lifting the brain, and removing the tumor. He has unknowingly pioneered a new way of medical diagnosis.

The Left’s War On Uber, Sharing, And The Poor, by Andrew Syrios, at mises.org. This article shows some of the new businesses models like Uber, Lyft, RelayRides, FlightCar, Airbnb, Kickstarter, and Prosper, that are competing with status quo business models. The status quo businesses are lobbying Government to get rid of their new competators instead of spending their time trying to provide a better product or service for their customers. Economic forces, not Government, will decide who wins.

LET’S LIGHTEN IT UP A LITTLE BIT

Venus Williams And The Best Ball Boys In The World, at youtube.com.

Top 10 Things That ‘Will” Happen In 2015, at zerohedge.com. I don’t think so.