With the ongoing shutdown of coal-fired generating plants by the Obama Administration's insane Green Energy policies, the recent power-capacity auction for the year 2015 produced a market-clearing price of $136 per megawatt, or eight times above the 2012 auction price. For northern Ohio, the price was a surreal $357 per megawatt – because northern Ohio has been heavily reliant on coal plants that will all be shut down by 2015.
This isn’t information from a model; it’s a real-world, market-driven data point. It’s going to cost that much to generate power without the coal plants. These increases can only be passed on to the consumer – or taxpayer.
This is what bidders actually committed to pay for power generating
Suppose the eight-fold increase in the auction price produced a commensurate eight-fold increase in the unit price of a kilowatt-hour for the consumer. (It may not, but it will produce a significant increase, probably on the order of 500-700%.).
Imagine a $120 or so monthly electric bill exploding to $960 a month. The 500-700% increase would produce average bills running from $600-720 a month. Even just doubling the amount of people’s electric bills would entail a huge economic shock.
Only a small percentage of Americans would riot in the streets, but millions of Americans would begin fleeing the areas where they could no longer afford to live. Those who already live in rural parts of northern Ohio would no doubt turn exclusively to diesel generators, propane heaters, and wood fires. (Which we can expect would then be outlawed.) They and their rural confreres in the neighboring states would be joined by more and more refugees from the cities. Suburbanites would go off-grid to the extent they could, but would remain captive to urban regulation. Many in the Northeast and Midwest would make the long delayed decision to move elsewhere – south and west – even if that meant losing the investment in their homes. Still others would begin considering the move for the first time.
How many Americans will happily revert to living in 19th-century conditions?
The cost of everything in life that relies on electricity – in other words, everything – will skyrocket. Retailers, no matter what they sell, will have to charge much, much more for their products, not only because making them costs the producers more, but because keeping the lights on or the machines operating in the retail facility will cost so much more.
This brilliant Obama Bomb will force thousands of businesses to shut down.
It will kill more jobs than anything has to date, making the Great Depression look like a roaring recovery.
It will make things we take for granted, like fresh produce, impossible to obtain unless you live right next to a farm.
It will distort and suppress all kinds of sophisticated and packaged production, including those related to the most basic necessities.
The massive shutdown of coal plants will compromise the reliability of the power grid in the Northeast. But we must also consider the likelihood that power companies will lose so many customers, and lose so much revenue, that they will go under. - So much for driving those self-igniting electric cars!
Keep in mind, this is not a prediction, it is future fact. Electricity for the coming years has already been set.
This is government policy, made independently of any sort of outside crisis. Nothing imposes this on us except the Obama administration’s acceleration of hallucinatory ideological extremism.
Friday, May 25, 2012
Tuesday, May 15, 2012
Thursday, May 10, 2012
Before and after:
The result of over half a Billion Dollar$ taken from Taxpayers by the Obama Green Goblins.
The owner of a $102,000 Fisker Karma luxury electric sedan burned in a Texas garage fire last week revealed today he believes his new Karma was clearly the source of the blaze -- and that it wasn't until word of the fire became public that Fisker raised the possibility of fraud. Now he wants Fisker to own up to the cause.
The Karma -- engineered from part of a $529 million federal loan to Fisker -- has suffered a series of glitches and recalls since Fisker began production last year, two years later than originally planned.
In a statement from his attorneys, Jeremy Guitterez says his two-week old Karma caught fire soon after he parked it in his home near Sugar Land, Texas, and that he was able to evacuate his wife, mother and child from their house before the Karma fire could spread to other rooms, including a bedroom. After a local fire official said the blaze started near the Karma -- which uses a gas engine to recharge its lithium-ion battery pack on the road -- and not the two other vehicles in the garage, Fisker said on Tuesday that its probe was still underway, noting that the car wasn't plugged in at the time and that the company "hadn't ruled out fraud or malicious intent."
That line struck Guitterez as odd, according to his attorneys, who said Fisker has been swarming the garage since the fire:
Mr. Guitterez fully accommodated the precise and somewhat peculiar demands of Fisker Automotive, who sent their self-proclaimed SWAT Team of engineers and inspectors (that included their own forensic cause and origin investigator) to the Guitterez home within 24 hours of the fire. They descended upon the Guitterez home in alarming numbers and immediately demanded a 24-hour lockdown of his home, including the remains of the Fisker Karma vehicle. They also cordoned off portions of the Guitterez home with non-transparent tarps to block the view from the public. Fisker even had access to eyewitnesses, who were interviewed by Fisker investigators and those investigators were shown video footage of the Fisker vehicle on fire before any other part of the garage.Guitterez now wants Fisker to end its probe "immediately."
Sunday, May 6, 2012
This paean to the pResident’s genius comes on the same day Warren Buffett, sitting on $44 billion, said his wind and solar projects wouldn’t be built without tax payer cash.
Thankfully, the next time you hear any of the broken-window tripe, you can refer to this, a summary of all the subsidies heaped on failed technology in the name of saving the planet.
• Total federal subsidies in fiscal year 2007 were $24.34 per megawatt hour for solar-generated electricity and $23.37 per megawatt hour for wind, compared with $1.59 for nuclear, $0.67 for hydroelectric power, $0.44 for conventional coal, and $0.25 for natural gas and petroleum liquids. (Emphasis mine.)I recommend keeping this Mater Resource piece handy for reference.
Tuesday, May 1, 2012
Law of Mechanical Repair
After your hands become coated with grease, your nose will begin to itch or you'll have to pee.
Law of the Workshop
Any tool, when dropped, will roll to the least accessible corner.
Law of Probability
The probability of being watched is directly proportional to the stupidity of your act.
Law of the Telephone
If you dial a wrong number, you never get a busy signal.
Law of the Alibi
If you tell the boss you were late for work because you had a flat tire, the very next morning you will have a flat tire.
Law of Lines
If you change lines, the one you were in will start to move faster than the one you are in now.
Law of the Bath
When the body is fully immersed in water, the telephone rings.
Law of Close Encounters
The probability of meeting someone you know increases when you are with someone you don't want to be seen with.
Law of the Result
When you try to prove to someone that a machine won't work, it will.
Law of Biomechanics
The severity of the itch is inversely proportional to the reach.
Law of the Theater
At any event, the people whose seats are furthest from the aisle arrive last.
Law of Coffee
As soon as you sit down to a cup of hot coffee, your boss will ask you to do something which will last until the coffee is cold.
Law of Lockers
If there are only two people in a locker room, they will have adjacent lockers.
Law of Rugs
The chance of an open-faced jelly sandwich landing face down on a carpet is directly correlated to the newness and cost of the carpet.
Law of Location
No matter where you go, there you are.
Law of Logical Argument
Anything is possible if you don't know what you are talking about.
Law of Shoes
If the shoe fits, it's ugly.
Law of Loose Lips
A closed mouth gathers no feet.
Law of Marketing
As soon as you find a product that you really like, they will stop making it.
Law of Doctors
If you don't feel well, make an appointment to go to the doctor, by the time you get there you'll feel better. Don't make an appointment and you'll stay sick.