Impossible Dreams

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Climate change experts from more than 190 countries are said to be on the verge of forging a binding international accord that will reduce humanity's CO2 emissions to a level sufficient to stave off future global warming. The details of the agreement will be negotiated this December in Paris, France at the 2015 United Nations Framework Convention on Climate Change (UNFCCC), aka COP-21, short for"the twenty-first session of the Conference of the Parties” (COP) — to distinguish the futility of the Paris summit from thatof the previous 20 such conclaves, the first of which was held at the Rio Earth Summit, by the climate shamans of 1992. Who knows? The 21st time might be the charm.

President Obama thinks so, and is counting on it. According to Politico, Mr. Obama has been working furiously behind the scenes (and the backs of Republican climate deniers in Congress) to "seal his environmental legacy" by creating "the broadest, farthest-reaching deal in history, reworking environmental regulations for governments and corporations around the world and creating a framework for global green policy for decades."

As with the Iran nuclear weapons deal, Obama's objective is the agreement, not what the agreement will accomplish. His goal is to obtain any "broadest, farthest-reaching deal in history" that enshrines his name at the top of the signatory list. The goal of the Paris agreement, which is to reduceglobal greenhouse gas (GHG) emissions to a level that prevents the average global temperature from increasing more than 2°C by 2100, is an irrelevant, environmentalist dream, impossible to achieve — even if Obama possessed congressional endorsement or public support, both of which he does not.

China and India (who, together, are responsible for 30% of the world's CO2 emissions) only pledged to reduce their emissions. A pledge is not a commitment.

Obama's Clean Power Plan (CPP) and his cancellation of the Keystone XL pipeline were not designed to curb global temperature increase. They were merely symbolic gestures contrived to invoke similar gestures from countries such as China and India. The CPP (15 new EPA regulations, estimated to cost Americans $230 billion) will have essentially no affect on global temperature. The Iran agreement will: from four to five million barrels per day of new Iranian oil unleashed into the atmosphere — a glib concession just to secure an agreement, any agreement. Apparently, that was not "the moment" that Obama spoke of in his 2008 nomination speech, "when the rise of the oceans began to slow and our planet began to heal."

To hear Obama tell it, securing an agreement in Paris will be a simple matter of establishing an emission reduction commitment for each nation, a process that will now be less contentious because of his encouragement and leadership. Last month, after a five-day climate session was held in Bonn to draft the blueprint of the Paris negotiations, Obama took credit for persuading India and China to reduce their emissions. He hopes to use their pledges "to leverage the entire world for the conference." Once the Paris deal is reached, the nations of the world will begin the task of fulfilling their commitments by replacing fossil fuels (coal, oil, and natural gas) with renewable energy (solar and wind) — right after Obama proclaims victory for the planet, and, of course, for himself.

Of the climate negotiations, Mr. Obama might tritely say that the devil is in the details. But the real devil is in what he has not mentioned in his crusade to promote the deal. China and India (who, together, are responsible for 30% of the world's CO2 emissions) only pledged to reduce their emissions. A pledge is not a commitment, and no mention was made of the revolt at the Bonn meeting by 130 developing nations, who rejected a preliminary draft because it omitted their most important concern: climate justice — aka reparations for damages done to poor countries by rich countries, whose wealth has been obtained through the rampant injection of CO2 into the atmosphere since the beginning of the Industrial Revolution. That protest, which has now expanded the negotiations into the realm of extortion (of money and technology from rich countries), was led by China and India. Obama may simply have "leveraged the entire [third] world" to line its pockets with climate justice money from the industrialized world.

Developing countries will not install the solar and wind farms that Obama incessantly praises as earth's only salvation. They can't afford to do so — not if they want to raise their burgeoning, destitute populations from what is by Western standards abject poverty. The energy they need will be generated from cheap, abundant fossil fuels. As he blatantly flaunts a storybook promise of renewable energy, Obama is obstinately silent about its harsh reality. Despite technological strides, renewable energy remains prohibitively expensive and woefully inadequate for generating the quantity of clean energy required to stave off global warming. After decades of development and untold billions spent (more than $150 billion by the Obama administration alone), solar and wind power combined generate less than 4.5% of US electricity, and both industries would immediately collapse without taxpayer-funded subsidies.

Developing countries will not install the solar and wind farms that Obama incessantly praises as earth's only salvation. They can't afford to do so.

Nor has he mentioned the global carbon budget, which setsan upper bound on the quantity of CO2 that humanity can emit without pushing the average global temperature over the 2°C threshold before 2100. According to Oren Cass of the Manhattan Institute, under optimistic assumptions regarding energy efficiency and the adoption of renewable energy, total emissions by the end of the century are projected to be almost five times greater than the quantity budgeted to save the planet. What is the point of committing the US to costly emission reductions of 26% to 28% by 2025, when the global carbonbudget will be consumed by the early 2030s?

No matter what the US does by 2025 to reduce its emissions, by 2030 it will already be too late to “save the planet” — a tidbit of climate change knowledge that Obama is reluctant to divulge. Indeed, no matter what wealthy nations collectively do is futile. Observes Cass,

If developed-world CO2 emissions ceased tomorrow, the developing world would still need to instantly slash its emissions by more than half — and hold at that level indefinitely — to remain within the carbon budget until 2100.

Any success that Obama has in Paris, therefore, will depend on his ability to "leverage" developing nations into meaningful emissions reductions. His chances are slim, if he even cares to try. As Cass notes:

In short, no evidence — distant or more recent — indicates any willingness by developing nations to make even nonbinding pledges to slow the growth of CO2 emissions, let alone accept the dramatic reductions required to substantially alter the trajectory of atmospheric concentrations.

To climate catastrophists such as Mr. Obama, the solution to this conundrum is simple, self-evident, and not to be discussed in public: an enormous transfer of wealth from rich nations to poor nations, where the money will be used (a) to buy solar panels and windmills, (b) to create decent jobs and lives of dignity, and (c) to defray the cost of adapting to the coming storms, droughts, floods, famines, terrorism, rape, and innumerable other products of the Industrial Revolution.

The idea is not new, and has captured the effusive support of Hillary Clinton, Pope Francis, and other climate change experts. In his encyclical on climate change, the Pope asserted that wealthy nations owe an “ecological debt” to poor nations and argued for “mechanisms and subsidies which allow developing countries access to technology transfer, technical assistance and financial resources.” As Secretary of State, Hillary Clinton proposed a Green Climate Fund that would provide at least $100 billion annually to developing nations. Last year, at COP-20 in Lima, Peru, Alex Rafalowicz of Friends of the Earth (FOE) demanded that rich countries pay poor countries more than $1 trillion annually.

Obama can be expected to agree. After all, there's not much distance between social justice and climate justice. But he has not indicated what concessions he would be willing to make to the clamoring bloc of 130 developing countries (representing more than 85% of the world's population) who insist that climate reparations must be the centerpiece of the Paris negotiations.

No matter what the US does by 2025 to reduce its emissions, by 2030 it will already be too late to “save the planet.”

FOE has developed a method of allocating the global carbon budget in a manner that it believes should be adopted by climate treaty negotiators. Known as Climate Fair Shares, it calculates the emission reduction commitments and reparation amounts that must be allocated to each nation to preserve earth through 2100. Beyond the appeal to planet salvation, it no doubt has political appeal: what nation could object to paying its fair share?

To illustrate how the negotiations would work out under the FOE scheme, China would be allowed to increase its GHG emissions from its current level of 12.1 billion tons to 16.2 billion tons by 2030. It would also receive $604 billion annually in climate justice payments from rich countries. In contrast, the US would be required to reduce its emissions from its current level of 6.7 billion tons to 1.8 billion tons by 2030 — a reduction of 73%, even though Obama has thus far commited the US to only a 26% to 28% reduction by 2025.

After all, there's not much distance between social justice and climate justice.

The US cost to achieve a 73% reduction would be many trillions of dollars, and require that all coal- and gas-fired power plants be replaced with extravagant solar and wind farms. On top of this immense cost are climate justice payments, $810 billion per year by 2030. According to Climate Fair Shares, these payments, compliments of US taxpayers, will "create 24,291,600 new decent jobs" and "deliver renewable energy for lives of dignity to 810 million people" — in other countries.

The developing world expects the Paris negotiations to produce an agreement along the lines of the Climate Fair Shares scheme. Mr. Obama has not addressed that possibility, nor has he indicated where the money will come from if it materializes. The US, which is in much better shape economically than most countries, is more than $18 trillion in debt, not to mention the crushing debt of Medicare and Social Security, enormous programs that will be insolvent by the early 2030s — right around the time when humanity blows its entire carbon budget and irreversible, hellish climate catastrophe begins, 70 years ahead of schedule.

These are some of the obstacles that face Mr. Obama in his quest for prominence in the annals of climate history. He has dismissed most of them, or chosen not to bother the American public with their stark realities. Then there is the warming pause, now in its 18th year, which threatens the anthropogenic global warming hypothesis motivating the Paris charade, and which Obama denies (a clumsy irony, since “denier” is his principal argument against any and all global warming skepticism). To secure his environmental legacy and fulfill his promise to heal the planet, the desperate Obama must find common ground between rich and poor countries. But in the Venn diagram of possible treaty outcomes, the intersection of planet salvation and climate justice is the empty set. The negotiators from developed nations and the negotiators from developing nations have only one thing in common: both parties seek a goal that they know, and have known all along, is impossible to achieve.




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Their Gamble, Our Win

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A recent news piece in the Wall Street Journal caught my attention. Entitled “Germany’s Expensive Energy Gamble,” it reports on that country’s new grand energy plan, the “Energiewende” (“Energy Revolution”). This is now at the top of Chancellor Angela Merkel’s domestic agenda.

Under this plan, Germany will spend a projected trillion euros — and we all know how government projections tend greatly to understate final costs — laying out a massive new network of high-tension lines to carry power from wind plants in the North Sea to the country’s heavily industrialized southern region. Merkel’s government is gambling that this titanic investment will pay off with cheap, inexhaustible energy.

So far, the dream of renewables replacing fossil fuels and nuclear power has delivered only nightmarish results.

While the EU has a set of rules requiring its member states to achieve a goal of 35% of their electricity from so-called renewables by 2025, Germany has set its goal to hit 40–45% by then and to exceed 80% by 2050. Again, this is without using nuclear power.

If achieving this does cost the German economy a trillion euros (about $1.4 trillion), that would equal about half the country’s annual GDP.

So far, the dream of renewables replacing fossil fuels and nuclear power has delivered only nightmarish results. Despite Germany’s history of no major problems with nuclear power, Merkel virtually shut down the nation’s nuclear industry after the Fukushima disaster. Today, only nine nukes remain open, and they are due to be shut down in about seven years.

The result is that over the past five years, electricity prices in Germany have skyrocketed 60%, because the subsidies for the highly inefficient wind farms are passed on to the consumer. German electricity is now over twice as expensive as America’s.

Even riskier for the German economy is the strain this is placing on the manufacturing sector, one of its key components.

As Kurt Bock, CEO of BASF — the world’s biggest chemical company and one of Germany’s biggest companies of any kind — put it, “German industry is going to gradually lose its competitiveness if this [energy revolution] isn’t reversed soon.

BASF, by the way, has every right to be frightened by Merkel’s energy scheme. The company’s main plant employs 50,000 people in Germany, and consumes as much power as all of Denmark. And Bock is not alone in his concerns. A recent survey by the Federation of German Industry and PricewaterhouseCoopers showed that three-fourths of executives at small- and medium-sized industries feel that the rising energy costs threaten German productivity. A survey by the US Chamber of Commerce showed that a similar percentage of American company executives with operations in Germany felt that the Energiewende made Germany less attractive as a place to do business.

While the unfavorable opinions of the manufacturers, either German-based or with German operations, should worry the German government, even more worrisome are the attendant industry actions.

BASF has announced plans to cut investment in Germany by 8.3% of its world total, shifting it elsewhere. SGL Carbon, another German manufacturer, has decided to triple its $100 million investment in its Washington state plant rather than expand its domestic operations, for the reason that electricity costs only one-third as much in Washington state as it does in Germany. And basi Schöberl GmbH will turn to France rather than Germany as the site of its new plant. (France, note well, has kept its nuclear power plants at full strength.)

As Daniel Yergin has put it, the Germans enthusiastically embraced so-called renewable power, viewing themselves as trailblazers, “But now the Germans look back and see there aren’t many people behind them.”

Meanwhile, as another WSJ piece documents, our own energy revolution continues to flourish — even in the face of an administration downright hostile to it — because ours is based on fossil fuels.

The article notes that while naysayers wrote off our fracking revolution under the theory that shale wells don’t produce for long and must be replaced with ever more wells, the fracking revolution enters its tenth year in fine shape. Shale wells have become far more productive.

For example, in 2013 the most fecund shale well produced, at its peak, 5.9 million cubic feet of natural gas per day. But last year — a mere decade later — the best shale well delivered an amazing 30.3 million cubic feet a day — a fivefold increase! And fracking oil wells have seen similar productivity increases over the last decade.

We have a grotesquely obtuse president, so we will no doubt squander this opportunity to get our manufacturing base to the heights it could reach.

In fact, the focus of the American oil and natural gas industry — which has become the world’s largest energy producer — is now on finding ways to get more from existing wells, as opposed to looking for new shale fields. So while the number of wells has remained roughly constant, the production has jumped.

All this has kept American natural gas prices at historic lows.

This would suggest to a shrewd president — if we only had one! — a national strategy for renewing our industrial sector.

The strategy would be to embrace the American energy renaissance. Take back the regulatory agencies, as well as the Department of the Interior, from the environmentalist activists. Return to issuing leases to develop resources, both offshore and on land, leases dramatically curtailed by the Obama administration. Return to selling public lands — the federal government still owns 28% of the 2.27 billion acres that comprise our national territory. And allow our oil and gas to be exported freely. At the same time, reinvigorate our nuclear energy power industry.

In other words, aim explicitly at allowing the market to drive our energy prices, both the price of fuel and the price of electricity. This would create a cornucopia of benefits.

It would add a massive number of new jobs, first in the energy sector, then, as that wealth spread, in every other sector as well. It would drive down the amount of money that vicious dictators such as Putin and terrorists such as ISIS use to maim and murder free people around the world. That would lessen the probability that young Americans will die to protect our interests.

But we have a grotesquely obtuse president, so we will no doubt squander this opportunity to get our manufacturing base to the heights it could reach.

Elections have consequences — alas! But people get the government they deserve.




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Green Jobs

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The Internet is awash with websites promoting green jobs. Unlike regular jobs, green jobs are socially and environmentally responsible. And they are more rewarding and fulfilling. They give the green-collar worker a sense of belonging to something greater than himself. As a candidate in 2008, Barack Obama promised five million high paying green jobs. To green advocates, these jobs have helped implement the green recovery from the "Great Recession." Many tens of millions more will be created to build a new Green Economy that will bring social justice, environmental harmony, and sustainable prosperity to America.

As the Green Economy emerges, our entire infrastructure must be modernized, to bring our systems of agriculture, transportation, manufacturing, education, housing, and so forth into a mellifluous alignment with nature. According to Bright Green Talent, one of numerous companies established to help the green collar crowd, "we have to change everything — the way we live, the way we work, the way we eat, the way we travel, the way we make things." For those eager to begin green careers, it's "a wonderful time to get a green job or become a green entrepreneur." There's no time like the present to prepare for challenges ahead, such as "species extinction, deforestation, sea pollution, desertification, topsoil reduction, and freshwater depletion." And what could be more rewarding and fulfilling than a pat on the back from humanity for staving off "ecological collapse, major conflict, famine, drought, and economic depression"?

Under the new BLS definition, many coal miners, loggers, bus drivers, iron workers, bike-repair shop clerks, and used-record store employees have green jobs.

But back in the real world, there is a problem. Despite a few years of rapid growth in wind-and solar-generated electricity, there is no demand for green jobs. The ambitious, profligate schemes to create a green economy have gone awry. Sustainability is stagnation, even in the green world.

In his 2012 reelection bid, President Obama boasted about his record of creating 2.7 million green jobs, with many more on the way — ostensibly the result of his $90 billion clean-energy stimulus. In reality, it was the result of the Bureau of Labor Statistics (BLS) redefining a green job as any employment with an environmental benefit. Under the new BLS definition, many coal miners, loggers, bus drivers, iron workers, bike-repair shop clerks, and used-record store employees have green jobs.

Based on direct-employment data, however, only 140,000 actual green jobs existed when Mr. Obama was touting 2.7 million. This paltry number included the 910 direct jobs in the solar and wind energy industries that were created by the stimulus program (at a cost to taxpayers of $9.8 million per job). But it also included green jobs that existed before Obama took office. That is, even 140,000 was a gross overstatement. In examining the president's shamelessly deceptive claims, Reason magazine discovered both the paucity and the vapidity of green jobs, and provided a more accurate characterization of our emerging Green Economy:

Surprisingly, the top sector for clean jobs was not installing sleek new solar panels or manufacturing electric cars, but “waste management and treatment” (386,000 jobs). In other words, trash collectors. Rounding out the rest of the top four were “mass public transit” (350,000 jobs), conservation (315,000), and “regulation and compliance,” i.e., government employees (141,000). Should the 21st Century economy really depend on hiring more trash collectors, bus drivers, and bureaucrats?

The growth in legitimate green jobs was embarrassingly grim, even in industries such as solar and wind that had experienced significant growth in installation capacity. According to the Wall Street Journal, in 2012, after two years of a "ninefold increase in solar power . . . solar employment had increased just 28%." In 2008, the wind industry employed about 85,000; by 2012, it employed about 81,000 — a decline of almost 5%.

Today, millions of Americans would be thrilled to land a job producing planet-healers such as solar panels, windmills, or batteries. Unfortunately, most of those jobs have moved to places such as China, where the cost of labor for producing the products is $1.74 per hour — compared to $35.53 per hour for American manufacturers. Thanks to green economists, who didn't think that an enormous labor cost differential would matter, American taxpayers blew $90 billion to create a green manufacturing boom in China, and now pay subsidies to homeowners and businesses to buy China's green products — green sustainability to the geniuses in Washington DC.

True, the present glut of cheap foreign solar panels has benefited many American consumers, as have the generous tax-funded subsidies. And, in recent years, solar panel installation jobs have increased by 20% annually. These jobs, however, pay on average less than $38,000 a year — compared with $52,400 a year, the average pay for manufacturing jobs. On the bright side, installers can think of the $14,400 difference as psychic income, derived from their being socially and environmentally responsible.

Thanks to green economists, who didn't think that an enormous labor cost differential would matter, American taxpayers blew $90 billion to create a green manufacturing boom in China.

Central planners have pushed the green revolution to new heights of crony capitalism — and irony. America's subsidized solar-panel manufacturing industry is unhappy with China's subsidized solar-panel manufacturing industry. Consequently, the US division of solar-panel maker SolarWorld AG, a German-owned firm, is lobbying Congress for protection. But America's subsidized installation industry is happy with cheap Chinese solar panels. In this skirmish, notes a recent Slate article, “The World’s Dumbest Trade War: "one side is wearing an American flag over a German flag, and the other has an American flag draped over a Chinese flag."

Immense subsidies to bring us together in a cause greater than ourselves have, instead, brought the world’s top economic powers to "the brink of a trade war that could cripple a promising industry in both countries, kill jobs, and hurt the environment all at once. It’s a terrible trade-policy trifecta." So much for environmental harmony.

And where's the environmental harmony for our birds and tortoises? Birds crashing into solar panels (or plummeting to their deaths after having their wings "reduced to a web of charred spines" by solar mirrors) are not good for the green image. Nor are dead desert tortoises, whose habitat has been disrupted by tediously sprawling solar farms. And gangly wind farms are worse, swatting more than a half million birds to death annually, including the iconic bald eagle.

After almost six years of throwing billions of taxpayer money at anything green, the excitement is over. Large-scale renewable energy has slowed to a feeble crawl, if not a morbid decline. Of the 365 federal applications for solar facilities since 2009, only twenty are on track to be built; only three large-scale plants are operational. Solar companies are going broke, and projects are being cancelled. Solar energy remains uncompetitive and, for all of the hoopla, contributes less than one half of 1% to the nation's power supply. Declining subsidies (the current 30% investment tax credit, for example, will drop to 10% in 2016) and increasing environmental costs (consider, for instance, the BrightSource Energy solar farm in California's Ivanpah Valley, which has already spent over $56 million relocating tortoises) are driving investors away. The wholesale blade-kill slaughter of birds has jeopardized the wind energy industry's annual subsidy ($12 billion in 2013).

Some green job promoters may be thinking, "Well, at least things can't get any worse." If so, they are wrong. The lawsuits are starting. There's nothing like a lawsuit to increase project costs, scare off financial backers, and kill green jobs. Recently, the Justice Department (taking time from its hectic fossil fuel lawsuit schedule) brought charges against a Wyoming wind farm that had been killing golden eagles, and won. The victory was small (a puny $1 million fine) but ominous. On its heels, the American Bird Conservancy announced plans to sue the Interior Department over eagle-kill permits that authorize windmill companies to "kill and harm bald and golden eagles for up to 30 years without penalty." This is bad news for green job seekers, and for bird hunters, who could apparently get a 30-year permit instead of an annual license. Bird hunter to Fish and Wildlife clerk: "Yeah, I'll have one of those eagle-kill permits, you know, for my windmill."

Five years of "sustainability" have brought stagnation, even to the green economy.

The EPA has spent over $50 million on 237 green job training programs. Of the 12,800 people trained, 9,100 obtained green jobs — at a cost to taxpayers of $5,500 per job. The Department of Energy has spent $26 billion on green energy loan programs that created 2,308 permanent jobs — at a cost to taxpayers of $11.25 million per job. Evidently, none of the employees works on the 20 million acres of federal land that the Obama administration has made available to renewable developers. Last October, in the first auction of this land for solar development, not a single bid was made. However, some of them may work on the millions of acres that Obama has denied to fossil fuel developers, where they search for reasons to suppress fracking. Yet fracking (on private lands) has created 360,000 jobs, at a cost to taxpayers of $0 per job, while reducing America's energy costs by $100 billion and carbon emissions by 300 million tons.

By 2012, fewer than 140,000 (of the five million promised) green jobs had been created, and these at an enormous cost to taxpayers. The number of legitimate new green jobs available today is anyone's guess. But green job seekers might want to dust off their brown resumes. A search at Bright Green Talent returned 14 green jobs — in the entire country. Damn that “talent” requirement! A similar search at Great Green Careers was more promising, returning 196 openings. But only four of them were full-time positions — in the entire country. Perhaps the other 192 companies were using the 29.5 hour work week Obamacare work-around.

Today, five years after the Great Recession, the general economy continues to stagnate. Economic growth has been stifled by feckless healthcare, energy, and financial reform policies. Despite incessant claims of job growth, jobs have been lost. The labor participation rate (the percent of the working-age population that is working) — the most accurate, and the only unambiguous, measure of employment — has dropped from 66 to 63% during the so-called recovery. And, despite equally incessant claims that we need more of them, there is no demand for green jobs. Five years of "sustainability" have brought stagnation, even to the green economy: shrinking profits, decreasing subsidies, project delays and cancellations, lawsuits, an imminent trade war, and widespread tortoise and bird carnage.

Nevertheless, earlier this month, at a California Walmart, President Obama proclaimed, "We’re going to support training programs at community colleges across the country that will help 50,000 workers earn the skills that solar companies are looking for right now.” That would be bird carcass removers and tortoise herders.




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Catastrophe, Doom, and Oblivion

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Lately, the climate change movement has been celebrating. A recent International Panel on Climate Change (IPCC) report expressed 95% confidence that half of the warming during the previous 60 years was manmade. In January, the EPA ruled that new coal plants must install carbon capture and storage (CCS) technology — technology that is not yet commercially viable (take that, climate deniers). Then there is the accumulation of almost 500 climate-related laws passed in 66 countries. According to Sen. Ed Markey (D-MA), "This surprising legislative momentum is happening across all continents. Encouragingly, this progress is being led by the big emerging and developing countries, such as China and Mexico, that together will represent 8 billion of the projected 9 billion people on Earth in 2050."

Riding the new-found momentum, climate change elites have sprung into action, reinvigorating the war on carbon and climate deniers. President Obama is conducting a regulatory version of Cap and Trade (legislation that failed to pass during his first term). He even has his own "Climate Change Action Plan." Senate Democrats are holding climate talkathons. John Kerry plans to broker a deal "committing the world’s economies to significant cuts in carbon emissions and sweeping changes in the global energy economy." Climate luminary Joe Biden theorizes, "It would be nice not to have any carbon fuels." To Al Gore, taxing carbon is not enough. "Tax denial," he chortles.

The policies of the past 25 years have failed miserably in reducing global greenhouse gas emissions.

But, the bravado and self-congratulatory rhetoric is a veneer, hiding an astounding lack of planet-saving progress. So too are the pompous slogans and the grandiose policies, built on a delicate foundation of "settled science," "social justice," and wishful thinking. They mask an astounding ignorance of global energy consumption and production trends, not to mention economic realities. God forbid they are celebrating the progress they expect from Obama's action plan and Kerry's climate deal. Their schemes offer nothing new, unless climate scientists discover a way for pompous slogans to reduce GHG emissions.

A litany of ambitious carbon reduction promises and sophomoric flat-earther insults is not a measure of actual planet-saving progress. Nor is a litany of vain and, at best, nebulous "accomplishments" such as laws passed, treaties discussed, money spent, solar panels and windmills produced, and green jobs created. What is the actual effectiveness of the policies? Are we on track to keep GHG emissions below 450 ppm by 2050 (to avert the "carbon tsunami" and our fall from the "climate cliff")? How much do we have to pay developing countries as climate change compensation? How much will it cost to prevent the catastrophic 7.2-degree Fahrenheit global temperature increase that some authorities predicted to occur by 2100? Will these amounts be sufficient to finally save the planet?

One hopes that what is past is not prologue. The policies of the past 25 years have failed miserably in reducing global GHG emissions. They include 20 years of generous subsidies for renewable energy and the splurge of $150 billion in loans to green energy companies such as Solyndra, Abound Solar, Evergreen Solar, and A123 Systems. The current European Union plan (EU 20/20), said to be the world's most significant climate policy, will cost $20 trillion through the end of the century and would reduce the global temperature by 0.1°F. $20 trillion for a 0.1°F decrease? What about the other 7.1 Armageddon-like degrees?

Perhaps Obama's Climate Action Plan — constructed with similar haste, method, and disdain for economic and scientific realities – will be more effective than the EU 20/20 plan. Whatever he has in mind, it had better work fast. At the 2007 Climate Change Conference, U.N. Secretary-General Ban Ki Moon proclaimed that the world is at a crossroads, where "one path leads to a comprehensive climate change agreement, the other to oblivion. The choice is clear." We must choose soon: "The situation is so desperately serious that any delay could push us past the tipping point." What has been accomplished since? No new treaties (toothless or otherwise). The Kyoto Protocol, still the world's only climate change treaty, has actually weakened. Russia, Japan, and Canada have recently dropped out — despite Obama's 2008 heal-the-planet speech. The officially designated rescue fuels (solar, wind, and biofuel) account for less than 2% of the world's energy supply; oil, gas, and coal account for 87%. GHG emissions are increasing, faster than ever. Evidently, we opted for oblivion.

By replacing coal with natural gas, the shale-energy revolution has reduced US emissions by 300 million tons — an amount that exceeds the world's total reduction from solar and wind power combined.

According to a recent UN study, thanks to the abysmal failure of world governments to reduce greenhouse gas emissions, we are probably doomed. English climate change scientist James Lovelock more than agrees; he believes we're only 40 years from global catastrophe. Unlike American climate gurus, Lovelock may have noticed the ongoing global energy shift in which developing countries are expected to consume 65% of the world's energy by 2040. Of all experts, Mr. Obama should have noticed that the developing world is hurtling into the future, furiously burning every calorie it can find of what he calls "yesterday's energy."

As this trend — said to "foreshadow a climate change catastrophe" — intensifies with the population growth of developing countries, other climate change experts warn that the end could come even sooner. Tokyo governor Shintaro Ishihara speculated, "It could be that the 2016 Games are the last Olympics in the history of mankind." Holy shit! No wonder Obama doesn't have time for meetings with the "Flat Earth Society."

This is a glimpse, from the world of climate change believers, of the effectiveness of the policies of their revered political leaders: catastrophe, doom, and oblivion, arriving ahead of schedule. Damn those flat-earthers.

In the real world, however, most people don't see the coming climate havoc with such clarity, or any clarity. Among the reasons for this hazy, infidel view: the temperature trend that produced the Kyoto Protocol of 1997 began to fade in, well, 1998; global temperatures have not increased in the 16 years since 1999. But climate change believers see it; they predicted it — all the horror that, for decades, they have been attributing to climate change. And they see the failure. Yet they refuse to see the vivid connection between paltry emissions reduction and futile policy.

The failure to save the planet is not the result of insufficiently apocalyptic warnings or public ridicule directed at uncooperative climate change deniers. Those who are unaware of the earth's curvature and temperature are irrelevant — all ten of them. Rather, it is the 6.9 billion people (of the 7 billion inhabiting the planet), who pay little, if any, attention to the incessant, shrill, vile, delusional hyperbole of the clueless climate-change elite. They are too busy dealing with bigger problems. The vast majority of people in the industrialized world are much more troubled by economic stagnation, unemployment, and debt. People in the developing world are consumed by the problems of poverty, famine, oppression, ignorance, despair, and natural disasters, to name a few — all the while struggling to be like their industrialized brethren. And when they become industrialized, they will switch to worrying about economic stagnation, unemployment, and debt. Only after that will they worry about climate change. Possibly.

Then there is the irrational insistence that renewable energy, alone, must save the planet. It is clear to anyone, except the political ideologues who long ago hijacked the global warming movement, that solar panels and windmills are not up to the task. At present, only subsidy and delusion sustain them. And who else but boneheads with a pie-in-the-sky political agenda would blithely dismiss more intelligent, proven technologies (natural gas and nuclear power) that could drastically reduce GHG emissions. For example, by replacing coal with natural gas, the shale-energy revolution (not the Obama green revolution) has reduced US emissions by 300 million tons — an amount that exceeds the world's total reduction from solar and wind combined — while reducing American energy costs by $100 billion.

Last September, in Why Climate Activists Need to Dial Back on the Panic, environmentalist Bjorn Lomborg lamented, "Our climate conversation has been dominated by fear and end-of-the-world thinking." He recommended that "instead of being scared silly, we need to realize that global warming is one of many challenges to tackle during the 21st century and start fixing it now with low-cost, realistic innovation." Maybe there is hope for the global warming movement.

There stood the imperious and clueless Kerry, trying to scare people who live in a "ring of fire" into worrying about a little carbon-induced warming.

Maybe not. Only a few months later, John Kerry descended upon Indonesia, brandishing global warming as a weapon of mass destruction (WMD), and promptly accused climate deniers of "burying their heads in the sand." Kerry, no doubt, thought that punching up his vapid climate change rhetoric with an edgy WMD metaphor would persuade Indonesians to turn down their thermostats and pump up their tires. Except that in Indonesia, where the average annual income is barely $3,000, most people don't have thermostats and tires.

Kerry also seemed unaware of the volcano that killed several people just two days before his arrival, and that Indonesia is located in the "Pacific Ring of Fire," so named for its deadly and frequent earthquakes and volcanic eruptions. But there stood the imperious and clueless Kerry, trying to scare people who live in a "ring of fire" into worrying about a little carbon-induced warming. Perhaps his "most fearsome weapon of mass destruction" embellishment will have more success in China, which accounts for almost 60% of the recent increase in global coal consumption, or in India, where the average annual income is $984.

For anyone who is serious about reducing manmade GHG emissions, there is nothing to celebrate. John Kerry (and his ilk) can offer nothing but catastrophe, doom, and oblivion to the global warming crusade.

#39;s energy.




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Green Grief

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Periodically I like to review the news from the gay world of Gaia worship — that is, to pass along the latest stories on all matters green. And there is a lot to report.

Start with some interesting news from the animal kingdom. Despite sad sagas of emperor penguins disappearing as Antarctica allegedly melts (allegedly because of our greedy species’ greenhouse gas emissions), a recent story reports that more studies — ones that use satellite imagery to count the nattily attired birds — reveal that the penguins are doing just fine. By former estimates, there are about 270,000 to 350,000 of the waddling beasts. Now it appears that in reality, there are 595,000 of them! The aerial survey discovered a whole flock of new colonies. If the ice is melting, it doesn’t seem to be harming these birds.

Moving quickly to the other pole of the Earth: polar bears are also in great demographic shape. The bears have been centerpieces in some of the most lurid global warming tales: remember the infamous shot of a miserable looking polar bear clinging to a tiny ice floe. Because of such tales, the US put polar bears on the endangered species list. This, in spite of the fact that the beasts are far from cuddly — they are one of the few predators with a taste for human flesh, especially the human liver (with or without Fava beans).

But another recent story reports that in the crucial Nunavut region of Canada, the polar bear population — which in 2004 had been estimated at around 935 (22% lower than estimates made 20 years earlier), and was projected to fall even further, to 610 animals by 2011 — has now been more accurately counted. The Canadian government did aerial surveys and found 1,013 cute but vicious carnivores in that region alone. The population, far from dwindling, seems to be thriving, despite global warming and illegal hunting. (polar bear pelts fetch up to $15,000 in Russia and China, and about 450 bears are illegally killed each year). Despite the heat and the hunters, the polar bear population now appears to have reached the highest peak ever recorded — something like 25,000 across the Canadian Arctic.

Reports such as these are continually coming in. They may be the reason that no less a green guru than scientist James Lovelock, the fellow who came up with the whole “Gaia Concept,” now admits that his earlier warnings about a rapidly heating, life-killing earth were alarmist.

Turning now to green energy, here too a slew of politically incorrect reports continues to gut the Great Green Narrative. Start with the fascinating news that a recent survey of hybrid car owners (conducted by R.L. Polk and associates) indicates that hybrid owners of any model are unlikely to buy another hybrid — either the same model or any other. These are not good tidings for the future growth of the hybrid car market, as it shows that actual experience with the product tends to make consumers dislike it. Hardly a good omen.

Despite the heat and the hunters, the polar bear population now appears to have reached the highest peak ever recorded.

The Polk data show that only 35% of hybrid owners of any brand bought another hybrid of any sort. At the high end was the Prius, but only 41% of Prius owners bought another hybrid (again, of any sort). At the other end of the scale is the Honda hybrid: only a pathetic 20% of Honda owners went on to buy another hybrid of any sort. And the aggregate numbers bear this poll out. At their peak in 2008 (when domestic gas prices hit their highest level ever), hybrid sales were only a miserable 2.9% of the American car market. Last year they dropped to 2.4%.

The problem is several-fold. First, regular internal combustion engines keep getting better and better gas mileage. The 2013 Nissan Altima is rated at 38 mpg, and the Ford Fusion is rated at 37 mpg — both quite close to what hybrids deliver. Second, hybrids are more expensive than similar internal combustion engine models. Indeed, it can take seven to ten years of ownership merely to recover the extra cost, and many Americans like to change cars more often than that.

And, by the bye, hybrids actually seem to get lower gas mileage than the EPA estimates. A recent piece reports that the EPA overestimated hybrid gas efficiency by 20% before 2008 and is still overestimating it now. This report also notes that as much as 40% of any real gas savings by hybrids is nullified by the extra driving done by the owners. The report reminds us that hybrids have batteries with lots of acid, lead, and other toxic crap, all of which requires enormous amounts of energy to mine and manufacture, and which subsequently fouls the environment when the batteries wear out and must be disposed of.

Finally — and this the article doesn’t note — most Americans view hybrids as cramped, clunky, slow, and butt-ugly.

Checking now on green power, we discover the great news that First Solar, maker of solar equipment, is cutting a third of its work force — over 2,000 jobs — closing a factory in Germany, halting another in Vietnam, and postponing the opening of yet another in Arizona. The company has lost 83% of its market capitalization over the past year, while losing nearly $40 million in the same period. The problem in this case is simple and clear. It is cheaper for power companies to buy solar panels from China. More importantly, countries around the world are cutting subsidies for solar power — and without government aid, solar is generally uncompetitive.

We confiscate money from taxpayers to build inefficient, wasteful plants that kill tortoises and birds — and we do it all in the name of ecology!

Grimly ironic is the report that BrightSource Energy’s Ivanpah solar power project, located in the Mojave Desert, is killing desert tortoises — an endangered species! The Ivanpah project is huge: it will use 3,500 acres of public land — six square miles! — and cost $2 billion to produce only 400 megawatts of electricity at max (i.e., when the sun is shining overhead and no clouds are present). BrightSource says it has paid $56 million to help protect the environment, but tortoises are still dying. They die because even after BrightSource moved them out of the way of the construction, they still got crushed under truck tires or became vulnerable to predators. One research ecologist — Jeff Lovich, who has studied the impact of “renewable” energy projects on desert tortoises — notes, “What I determined is science is playing catch-up to energy concerns. . . . This is all a grand experiment and we need more research — both on the short-term effects and the long-term effects that projects like these are going to have on the wildlife and the ecosystem.” But he concludes ruefully, “For the desert tortoise, it really is death by a thousand cuts.”

So, surprise, solar power farms destroy flora and fauna. No surprise here, really — remember, wind farms also destroy massive amounts of wildlife — specifically, birds. American wind farms shred about 400,000 birds a year. The problem again is physics. Solar and wind power are just power derived directly or indirectly from the sun, and they collect only feeble amounts of solar radiation. Thus either form of energy requires a huge footprint — you need many acres of solar collectors or wind turbines to get appreciable amounts of power, compared to a small nuclear or fossil fuel powered plant. And bigness is bad for small animals.

About wind power there is a spate of bad news. Start with the report out of Nevada on the results of one of the state’s programs to get people to install wind turbines (especially outside of cities). The report points out that one of these programs, started five years ago, is already proving a costly, miserable failure.

Specifically, Rich Hamilton of the Clean Energy Center testified to the state Public Utilities Commission about the program’s problems. For one thing, the PUC gives rebates to customers who put up turbines, whether or not they actually generate appreciable energy. Under the 2007 law, the state has paid $46 million for 150 wind turbines. But in Reno, for example, the $416,000 it spent on wind turbines resulted in its receiving $150,000 in rebates but a laughable $2,800 savings in electricity costs. The bureaucrat who runs Reno’s renewable energy program, one Jason Geddes, had an amazing suggestion: accurately research wind patterns before building turbines. Obviously, this hasn't been done up till now.

The breathtaking brilliance of all this! We confiscate money from taxpayers to build inefficient, wasteful plants that kill tortoises and birds — and we do it all in the name of ecology!

Then there is the hilarious news that wind power may be harming the environment in a hitherto unsuspected way. We’ve known all along that wind turbines massacre birds. But it turns out that wind power actually increases ground temperature around the turbines. This is the result of a study published by Liming Zhou in the journal Nature Climate Change. Apparently the turbine blades pull down warmer air, displacing the cooler air on the ground.

The reason this is bad news is that heat can hurt crops and cattle, or the native ecosystem. This is especially troublesome for Texas (where the study was done), because it is already suffering from a drought and uses night irrigation, which may be affected by the action of the turbines.

Add to all that the Reuters report about Obama’s green energy jobs program. Despite his promise that his green energy push would create “millions” of jobs, it has been a costly failure. Since 2009, for example, during a period when the oil and gas industry created 75,000 high-paying blue-collar jobs — even in the face of a regulatory blitzkrieg by the Obama administration — the wind industry lost 10,000 jobs. Obama's $500 million green energy “job training” program was guaranteed to produce 80,000 jobs by 2013. So far, it has trained a miserable 20,000, to what lame standards we can only guess. Even the administration’s own Labor Department’s inspector general recommended last year that the department should end the boondoggle and give the unspent money back to the treasury.

The report gives figures that show a paradigm deflating. In 2008, Obama boastfully promised that if the taxpayers spent $150 billion on green energy, it would create five million jobs. A year later, VP Biden more modestly promised that the $90 billion in tax dollars then put aside for green energy jobs would buy 722,000 of them. A year after that (November 2010), the administration could show only 225,000 jobs created, and even that estimate appears to have been overly optimistic.

The green statist worldview faces a huge and swelling number of anomalies. That wouldn’t normally be so bad — every worldview faces some anomalies, after all. But the enviro worldview is the one being shoved down our throats. That is, it is the one that is being used by the state and federal governments to limit our liberties and prosperity, and to do so in a massive way.




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How Green Were My Cronies

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One of the signature issues of the Obama administration has been “green energy.” From its first day in office, the Green Regime has attempted to get America to convert to the so-called “renewable” sources of energy: biofuels (especially corn ethanol), geothermal power, wind power, and solar power.

Behind its ideological commitment to green energy, however, is a solid core of self-interest. It gets a huge amount of financial support from environmental organizations, and a large number of wealthy environmentalists. It is using its funding and regulatory power to reward these donors, giving them not only psychic benefits but also material ones.

In short, it is green for the green.

This crony green capitalism has two sides: a regulatory side (negative) and a subsidization side (positive). Both sides are needed, because “renewable energy” sources are seldom even remotely price competitive with fossil fuels. Not only must they be subsidized by government, because private investors are reluctant to put up their own money for them, but they can become saleable only if the government drives up the cost of fossil fuels by piling up regulations on fossil fuel production.

The regulatory side of crony green capitalism is the administration's jihad against all fossil fuel industries. It has locked away vast parts of the continent from oil and gas drilling, and has fought the new fracking technology tooth and nail. It has set loose the EPA with the goal of ending the use of coal, and has severely restricted drilling in the Gulf of Mexico. And it is opposing even the exploration of the US continental shelf.

The flip side is the lavish subsidization of so-called green energy sources, especially wind and solar. It is here that the play for pay game gets frisky. A flurry of recent reports about who has gotten these taxpayer subsidies dramatically increases the stench of corruption that emanates from the Regime.

It is hard to know just where to begin, but we can start with Solyndra, that striking piece of rentseeking dreck Obama boasted would create tons of jobs. We first learned that the billionaire who backed the company, George Kaiser, was a big donor to and “bundler” (i.e., a collector of donations ostensibly from others) for the Obama campaign. Kaiser’s company Solyndra was given a half-billion dollar loan guarantee by the Green Regime’s Department of Energy (DOE), structured in such a way that if the company hit the wall, the American taxpayer (as opposed to the billionaire bundler) would be liable for the loan. And hit the wall it did.

The regulatory side of crony green capitalism is the administration's jihad against all fossil fuel industries.

Well, now we learn that the entrepreneurial genius, Kaiser, this bien-pensant billionaire who wants so very much to help his country — paid zero income taxes for years. He did this by buying companies that had unrealized losses that he could then use to wipe away his personal income taxes. Kaiser is an interesting pal for a president who has shown deep fondness for bashing “millionaires and billionaires” for not paying “their fair share” in taxes.

It also turns out that an advisor for the loan program that shoveled the cash at Solyndra was — by an astonishing coincidence — a huge Obama fundraiser. This fellow, Steve Spinner, raised over a half-million dollars for Obama. And he is also — by an even more astonishing coincidence — the husband of a lawyer whose firm represented the company during its application for the loan. Moreover, despite the fact that Spinner agreed in writing to stay out of the loan process, emails show that he was involved up to his eyebrows.

It has also come to light that RockPort Capital, one of Solyndra’s biggest investors (and a board member) used its seat on a Pentagon panel that exists to help the Armed Forces identify useful new technologies to push Solyndra on the military. While RockPort disclosed that it had an investment in Solyndra, it never mentioned that the latter was a financial basket-case.

We now also learn that at least four other solar energy firms that received massive loan guarantees had executives and board members who were big donors to major Democratic politicians. These companies include Abengoa SA, First Solar, SolarReserve, and SunPower Corporation.

Start with Abengoa, a Spanish company. (Spain, remember, embraced wind and solar as the key to a jobs renaissance a decade ago. But green energy proved a veritable economic Black Plague for a country that has massive state-induced financial problems.) It turns out that Abengoa has worked with Sen. Dianne Feinstein (D-CA) to get nearly $3 billion in loan guarantees from the Regime to finance Arizona solar farms.

First Solar, upon which the Regime has lavished over $2 billion in taxpayer-backed loan guarantees, is likewise a supporter of the self-same Regime. Its founder and CEO Michael Ahearn donated nearly $125,000 to Democrats in the last election. He cleared nearly $69 million by selling some of his stock last month, even though the company cannot qualify for another loan from the DOE. Ahearn is clearly using the guarantees to keep a shaky company afloat, even as he sells his personal stock. His $125k investment in crony green capitalism has paid off big time — $69 million — while the taxpayer faces a $2.1 billion hosing. No, no corruption there!

SolarReserve is even more choice. The aforementioned billionaire bundler Kaiser (the Solyndra genius) also owns a majority of this rotten company, which got a tidy $737 million taxpayer-backed loan guarantee from the DOE. His company, Argonaut, has a voting share on the SolarReserve board of directors. Another member of the SolarReserve board of directors is one James McDermott, who just happens to have given over $60,000 to various Democrats since 2008, with about half going to Obama’s campaign. McDermott’s company, US Renewable Energy Group, has also donated heavily to Sen. Harry Reid (D-NV), who needs no introduction.

Moreover, another SolarReserve board member, Lee Bailey, is a lavish campaign donor to Regime members and other prominent Democrats. Not to mention the fact that yet another board member, Jasandra Nyker, is partners with the brother-in-law of Nancy Pelosi (D-CA) in an investment company (Pacific Corporate Asset Management). And SolarReserve paid $100K in fees to a lobbying firm headed by Obama’s transitional team leader John Podesta, to push its loan and other interests.

Then there is SunPower, whose stock price has recently plummeted with its projection of losses for this year and next. It received a $1.2 billion taxpayer-backed loan guarantee, even after it announced that it would be building its solar panels in a new plant — in Mexico! So much for the idea that “green jobs,” paid for by Americans, would go to Americans.

SunPower gave $14,650 to Congressional Democrats in 2010 (and $500 to one Republican), with about a fourth of the money going to Reid. Oh, and the company paid nearly $300K to a lobbying firm headed by Reid’s close associate Patrick Murphy. Another major SunPower lobbyist just happens to be the son of Rep. George Miller (D-CA), who touted for the company in Congress, and publicity-toured its plant with the Regime’s interior secretary, Ken Salazar. The right honorable Rep. Miller also received funds for his own campaign war chest from the company in question.

SunPower, by the way, now has a market capitalization of only $800 million, not much in the face of corporate debt of $820 million, and is facing a mass of investor lawsuits. No doubt it will, like Solyndra before it, eventually hit the wall and hose the taxpayers.

In general, the solar energy boom is going bust, because it was solely a function of political, not market, forces. Taxpayer money was shoveled to economic losers, to enrich the crony capitalists who shoveled money at the Regime.

Let’s turn next to the latest news on electric cars (EVs). Start with the frisky Frisker fiasco.

Frisker Automotive is a Finnish company that makes pricey EVs — cars in the $100K range, sticker price, making them attractive to movie stars such as Leonardo DiCaprio, but few others. Fisker was given — yes, you guessed it! — a $529 million dollar taxpayer loan guarantee from the Energy Department. No doubt pushing the idea was Reverend Al Gore, the Green Giant who is also a major investor in — Fisker! (Gore, by the way, has already earned tens of millions from preaching the environmentalist religion, making him eerily similar to a corrupt televangelist.) Also on the list of investors in Fisker Automotive are several big donors to the Obama regime, and also John Doerr, one of Obama’s advisors.

So much for the idea that “green jobs,” paid for by Americans, would go to Americans.

The Regime justified the loan on the usual lying basis, i.e., that it would bring jobs to Americans. Vice President and Chief Buffoon Joe Biden bragged that the Fisker loan would create “thousands” of American manufacturing jobs. But Fisker has just announced that because it couldn’t find any facility in America suitable for building its cars, it will build them in Finland. Again, so much for the idea that American tax dollars are bringing jobs to America. Oh, and Fisker's electric motor and batteries are made in China! All of these cars will get a $7,500 tax credit, meaning that the few rich buyers of the Finnish-made cars with Chinese-made innards will have part of the tab covered by average-income American taxpayers. Comedy writers must have scripted this.

The kicker is that the Fiskers that were recently showcased in DC are not pure EVs, but hybrids, whose gas mileage is about that of an older model Ford Explorer.

By the bye, also receiving a similar-size taxpayer loan guarantee is Tesla Motors. Tesla’s main investors include Larry Paige and Sergey Brin, both Google-billionaires who lavishly supported Obama. So much for their corporate motto, “Don’t be evil.”

Then there is EnerDel, a maker of lithium-ion car batteries. Back in 2009, Obama doled out $2.4 billion in grants to battery makers to support EVs, including $118 million to EnerDel. Again, the insufferably dense Joe Biden saucily minced around two EnerDel plants in Indiana, boasting before cameras that the administration wasn’t only creating jobs “but sparking whole new industries.”

EnerDel, which has never turned a profit since its founding nearly a decade ago, closed the last fiscal year with a whopping $165 million loss, a mindboggling $100 million more in losses than it had reported previously. Its shares have plummeted 95% in the last years, down to a risible 27 cents a share. Nasdaq looks like it will delist the stock, and Ener1 — the parent company — has notified the SEC that it “is in the process of determining whether the company has sufficient liquidity to fund its operations.”

In short, it’s a goner, and when it goes, the taxpayer will again eat a big loss. This company was dicey all along, but the Regime still threw money at it — because it is only taxpayer money.

EnerDel also got huge support from the state of Indiana, promising 1,700 new jobs by next year and 3,000 in four years. Unfortunately, it only employs 380 people, and they look like goners, too.

The problem is obvious, at least to everyone but the cretins and corrupt clowns who populate the Regime: the market for EVs is and will remain tiny, given their inherent limitations.

Now, let’s look at wind power. First is the news that Obama went out this month to raise money with a “businessman,” a supporter of long standing, named Tom Carnahan. They chummed it up at a $25,000 a plate fundraising dinner for the Obama reelection campaign. (That has a sickening ring, doesn’t it?) Carnahan is another bundler, having garnered between $100,000 and $200,000 for Obama in 2008.

Al Gore has already earned tens of millions from preaching the environmentalist religion, making him eerily similar to a corrupt televangelist.

Yet by amazing coincidence, Carnahan is the head of a wind power company, Wind Capital Group, which just happened to receive $107 million in federal tax credits from the Regime. By the same kind of coincidence, Carnahan is part of the Democratic family that has long dominated the state’s political scene, and a brother of Congressman Russ Carnahan (D-MO).

Even more egregious is the case of the Shepherds Flat project in Oregon.

Shepherds Flat is an 845-megawatt wind farm that will cost $1.9 billion. Of this, astoundingly, the DOE will pay the developers $490 million in an outright cash grant, and give them another $1.06 billion in loans. The developers are putting up only about 11% of the total cost, and — according to Carol Browner (the Regime’s own “energy czar”) and Larry Summers (its economic advisor) — they will reap a staggering 30% return on their investment. This compares very favorably with the average 7.1% that most utility companies receive on their projects.

And just who might these lucky “entrepreneurs” be? The biggest player is — wait, let the suspense build! — GE!, which is being joined by Google and a couple of other partners. Google, as I mentioned earlier, was a big donor to Obama’s campaign. And GE? It is headed by Jeffrey Immelt, whom Obama appointed head of the President’s Council on Jobs and Competitiveness. And he was a big donor to Obama as well, natch.

This is the same GE that has a market cap of $170 billion, earned $5.1 billion in profit last year, and paid no taxes at all. Did it really need the money?

The project is questionable on other grounds as well. It is being built in a region that is already experiencing electricity congestion (the region of the massive Bonneville Dam). CNNMoney reports that it will create only 35 permanent jobs, which works out to around $16 million per job. Not that GE really cares much about American jobs — it is shipping its medical devices division to China.

No, no corruption here. None at all.

By the way, geothermal is looking pretty putrid, too. Two large geothermal companies, Raser Technologies and Nevada Geothermal Power, both received massive taxpayer backing, and are both sucking wind — the same wind that the solar and the (literal) wind companies are sucking.

Raser Technologies received a $33 million grant from the DOE. After pissing away all that taxpayer cash, along with a couple of hundred million bucks in private investor cash, the company has now filed for bankruptcy.

And Nevada Geothermal — a favorite pet of Harry Reid — received $66 million in grants from the Department of Energy, as well as a nearly $99 million taxpayer-backed loan guarantee. But it has just revealed that it has never operated at a profit for even one lousy day, and that it, too, is facing oblivion.

Still another geothermal company, US Geothermal, received a $97 million loan from the Department in February of this year, even though its financial filing with the SEC shows it hasn’t made a profit — in four years. And the stocks of two other geothermal companies that also got DOE loans are down 60% to 80%. These are just some of the tidbits of recent news from the taxpayer-supported green energy front.

Now, every time I report on the green "capitalism" that has been shoved down the throat of the American taxpayer by this corrupt Regime, I get wails of tearful anger from its supporters. The wails are of two types.

1. I am told that Republicans (especially the Evil Bush) have also supported various green energy projects. So, for example, the aforementioned Raser Technologies was backed by Sen. Orrin Hatch (R-UT). I am aware of that, and I criticized Bush in these very pages for doing the same thing.

But please spare me the simple-minded faux equation of the past administration with this one. There are massive differences in scale and focus. Bush did fund some green energy projects, but never on this massive scale. And his administration allowed oil, coal, and natural gas to flourish, and took the heat for it. He was pilloried for being too fond of fossil fuels. He was portrayed in the mainstream press as a creature of the oil industry; and Cheney and Halliburton — God, we never heard the end of that. Bush at least tried to push everything. . . . I certainly would have much preferred that he had pushed, or freed up, only what works (fossil fuels and nuclear power), but his approach was certainly better than the present crusade against fossil fuels, inaction on nuclear energy, and a massive splurge in technologies that are proven losers, yet owned by supporters.

The problem is obvious, at least to everyone but the cretins and corrupt clowns who populate the Regime: the market for electric vehicles is and will remain tiny.

You have to be blind to all recent history not to comprehend that since Carter at least, the Democrats have been by far more focused than Republicans on pushing inefficient green energies. Granted, Public Choice Theory posits that all politicians (Democrat, Republican, Communist, or Libertarian) are self-interested, so will be prone to spend public resources to advance their careers. But the point here is that precisely because green energies are absolutely commercially unviable without subsidies, while fossil fuels are extremely viable, a fossil fuels based energy program won’t need much subsidization, so will leave less scope for paying off supporters.

Really, if Obama dropped hydrogen bombs on every major red state in America, these same apologists would squeal, “But Bush bombed Iraq!”

2. I am told that I am being “hyperbolic.” In no way, these Regime apologists yelp, can the Green Regime be compared to, say, that of Putin.

My response is to ask the reader, with all we now know of the crony car capitalism, the crony green energy capitalism, and the numerous other crony dealings between the Regime and its supporters over the last three years, whether the comparison isn’t just. You decide: am I really being hyperbolic, or are the supporters of the Regime being merely obtuse?

While entertaining that question, you might consider this point. What has come to light so far has come out basically from the investigations of the alternative media. The mainstream media have done very little to look into any of the Regime’s scandals (contrast the unremitting, endless investigations of Bush). The Republican-controlled House of Representatives held some feckless hearings on the Solyndra farce, and only saw Solyndra’s executives smirk and plead the Fifth. If there were — as there ought to be — Watergate-style hearings into the whole green energy boondoggle, as well as the whole Government Motors scam, just imagine (if your stomach can bear it) what would come to light.

it announced that it would be building its solar panels in a new plant rdquo; of American manufacturing jobs. But Fisker has just announced that because it couldn$2.4 billion in grants




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Wind Power Wannabe

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Two recent stories about wind power went unremarked in the mainstream media, presumably because the stories don’t fit the dominant Green narrative, aka the Green Dream.

The first is the report out of the UK that wind farms produce far less energy and cause far more problems with the grid than proponents have predicted or acknowledged.

The John Muir Trust — a “conservation charity,” please note — commissioned an engineering study of wind power in the UK. The report is out, and it is revealing. While wind power farms are pitched to investors — really, lawmakers, since wind power only exists because of lavish subsidies from government — as generating, on average, 30% of their maximum output over time, in reality they average only 25%. So wind power delivers about one-sixth less electricity than promised. This is a very significant shortfall. Yet wind power averages less than 20% of capacity most of the time, and a risible 10% about a third of the time.

But there is a more severe problem. Because wind power is so erratic, it needs backup from fossil fuel power plants, and that backup has to be able to shut down quickly when the wind blows hard, or come online quickly when wind farms won’t deliver even their measly 25% power. So wind power farms must be tied very tightly to fossil fuel plants, or the grid will face a shortfall.

Even worse: the times (such as the middle of the night) when power demands on the grid are slight are often the periods when the wind blows hardest. At such times, owners of wind generators — who have to sell power whenever it shows up, even at a low price — push power onto the grid, thereby forcing other providers off.

This is because the grid is just a distribution network of power lines and transformers with little capacity for storing power when it isn’t being consumed. Yes, there is “pumped storage,” which uses excess electricity to get water up hill, then during periods of high demand lets it flow back down, turning turbines as it goes, thus generating power. But pumped storage is inefficient and limited. Currently, the United States, the world leader in pumped storage, can store only about 2.5% of the average electric power sent across the grid at any given time.

A second damaging piece of news for wind power is the report that it may have lost its enchantment even for the Dutch.

Perhaps because of its historic use of windmills, the Netherlands has invested heavily in modern wind power. It is now third in the world in offshore wind power generation — of course heavily subsidized by the government. But the new center-right government has decided that continuing the massive subsidies, which include the transfer of 4.5 billion Euros of Dutch tax dollars to a German engineering company to build and run new wind farms, is not, shall we say, defensible.

The new Dutch Prime Minister, Mark Rutte, may have come up with the perfect epitaph for wind power. He reputedly said, “Windmills turn on subsidies.” Soon fewer will be turning.




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