Filed under: Capitalism, Economy, Energy | Tags: Energy Independence, Homeland Security, Junk Science
Do you have storms in your area that damage power lines and cause a widespread loss of power? Then you are familiar with trying to stay warm, cooking on the barbecue, using candles for light, or perhaps you are one of the lucky ones who has a generator. Nevertheless, you appreciate your electricity. But do you know where it comes from?
Surprisingly, no one in congress or the administration does. At least they must not, for their math simply does not add up. If you cannot read this lovely pie chart, 48.9 % of our electricity comes from coal, 20% from natural gas, 19.3 % comes from nuclear, 7.1 % from hydroelectric plants, 1.6 % from petroleum and the little pinky-peach wedge represents wind, solar and geothermal.
The Waxman-Markey climate bill will punitively tax the energy sources that contribute 90 percent of our current American electricity in order to bet our future on the wedge that is able to produce only 2.4 percent of our electricity. But we can do it. The conventional phrase is “if we can send a man to the moon we can…..
We have eleven whole years in which to build, install, and connect to the grid at least 180,000 turbines. Each one of which requires a backup of conventional energy for the times when the wind does not blow, which is often.
And as for solar, not only is it far more expensive, suitable only in the Southwest, but perhaps you have noticed that the sun sinks beneath the horizon at night, just when we need lighting.
This energy policy is built on a lie, or more accurately a whole bunch of lies. The whole thing is conceived of as a way to stop the globe from warming, but it stopped warming in 2002.
It’s necessary to remove the CO2 that is causing global warming isn’t it? CO2 is not the cause of global warming or climate change. Reducing it is unnecessary and will cost trillions.
There are not, as yet, any large-scale, practical and cost-competitive replacements for fossil fuels. If you punish fossil fuel use with either taxes or by capping how much energy is allowed to be used, you punish the economy.
When a country institutes cap-and-trade legislation unilaterally, it makes that country less competitive in the global economy. Imports and trade deficits increase as prices at home rise, while companies or whole industries close and move abroad to countries where they can be more competitive.
And it is the citizen, the consumer, who pays for all of this, either in the form of higher prices or less availability, or less economic growth. This shouldn’t be rocket science, but consequences are not of much interest to Democrats. It’s still worth trying to figure out what the consequences will be.
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