Filed under: Bureaucracy, Capitalism, Energy, Environment, Global Warming, Junk Science, Media Bias, National Security, Politics, Regulation, Science/Technology, The United States | Tags: Renewable Energy, The Failure of Green Schemes, The War on Fossil Fuels
But a bunch of Democrat Attorneys General gather to attempt to garner mega bucks from Exxon Mobil because they are not interested in investigating the science, but in silencing dissent.
This is a very big deal, right out of Stalinist Russia. You dare to disagree with the “truth” handed down from the federal government and you must pay immense fines and/or be sent to the gulag. Glen Reynolds (Instapundit) said that conspiring to prohibit free speech is a crime in itself. Their idea is that they can sue Exxon Mobil under the RICO laws, which were devised for organized crime, as states attorney’s once did with tobacco. The cigarette companies knew that their product caused cancer, and tried to hide that knowledge, so there were immense damages.
Exxon Mobil, the AGs claim, is committing fraud in the interest of maximizing their profits by deceiving the public about the impact of man-made carbon dioxide emissions.
The fascinating thing is that these climate zealots have never read any of the science involved—they are just true believers. And every once in a while one of the true believers readily admits what it is all about—which is a brave new world where the world’s wealth will be redistributed by climate policy.
Turns out that “the offices of New York Attorney General Eric Schneiderman and those of other politically aligned AGs secretly teamed up with anti-fossil fuel activists to launch those investigations against those whose political speech challenged the global warming policy agenda.”
Beyond that, the drop in the price of energy is changing things all over the world.
— Hundreds of wind turbines in the Netherlands are operating at a loss and are in danger of being demolished. The main cause is the very low energy prices, which mean that the maintaining the turbines costs more than what the generated energy brings in, the Financieele Dagblad reports based on its own research. Subsidies for generating wind energy are in many cases no longer cost-effective. Smaller, older windmills in particular are running at a loss, but even newer mills are struggling to be profitable with insufficient subsidies. –Janene Pieters, NL Times, 15 April 2016
—Lights Go Out On Solar Power After British Government Cuts Subsidies The Guardian, 8 April 2016 (everywhere, when subsidies are cut, the green fraud dies)
—Polish Government plans to kill Wind Industry. Financial Times, 18 April 2016 (subscription)
—German Government Bill Threatens Renewable Energy Revolution, Green Lobby Warns
Solar Server News, 18 April 2016
—Norway to End Renewable Subsidy Scheme by 2021
Reuters, 15 April 2016
—Europe’s Energy Crisis Poses Warning for the U.S. Countries including Germany, Spain and England are finding that their recent “green energy” experiments are proving too costly to continue.
Breitbart, 14 April 2016
—Teslas May be making Hong Kong’s Pollution and CO2 Emissions Worse. The electric power for charging electric Tesla motors comes from coal generated power plants.
Bloomberg, 14 April 2016
The petrostates assembling in Doha to discuss a potential output freeze two days from now aren’t coming together in a show of solidarity or out of some sense of duty towards one another, but rather as an act of desperation. The American Interest, 16 April 2016
Cheap fossil fuels make the kinds of subsidies necessary to prop up renewables like solar a lot less politically justifiable. Buy into the solar hype at your own risk. SunEdison is one of the biggest players in the U.S. solar industry and was for a time the fastest growing renewables firm in America….today the company stares down more than $12 billion in debt and the looming threat of bankruptcy. The American Interest, 14 April 2016
Indian lenders are becoming increasingly reluctant to finance solar-power projects by foreign companies as bankruptcy looms for SunEdison Inc. in the U.S. live mint
21 April 2016 / E-Paper
There’s lots more. Britain is bringing in shale gas in a gusher, and Scotland looks to have success with shale. Huge fortunes have been made with governments’ subsidies for renewable energy, but if the subsidies are not forthcoming—wind and solar cannot stand on their own. The problems are in the nature of wind and solar energy. Wind is too intermittent, and there is no technology that can change the nature of the wind itself. The same goes for solar energy, but there the problem is night—when the sun sinks beneath the horizon and clouds.
Tesla has quietly discontinued its 10 kilowatt-hour home battery wall. The economics for backup power alone just aren’t that attractive.
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