“… the Green New Deal seems to have fallen to earth, borne down by the inexorable gravity of economic and political reality. Therein lies a cautionary tale for Democrats about the gulf that separates elite and popular opinion on climate change.”
“The Green New Deal’s bellyflop is no tragedy. It liberates Democrats to set aside utopian climate remedies and put U.S. energy policy on a more realistic and politically sustainable track.”
It did not begin with this week’s New York Times op-ed by Matthew Huber, “Democrats Don’t Have to Campaign on Climate Change Anymore.” Earlier this year in “The Green New Deal Crashes to Earth,” Will Marshall, founder and president of the “radically pragmatic” Progressive Policy Institute, called for a go-slow climate and energy policy.
But if the world is “on fire,” and “tipping points” are being reached or exceeded, Marshall’s message must be more than confusing.…
Continue Reading“Energy hyperbole and the madness of crowds are evident with both NuScale Power and Fermi America. Bubbles burst.”
The most mature U.S. small modular nuclear reactor vendor — NuScale Power — and a politically connected firm planning to build perhaps the largest reactor project in the U.S. to power an enormous Texas data center — Fermi America — have both suffered recent, major, possibly existential blows. NuScale and Fermi, both publicly traded, have seen their stock value plummet amid bad financial results, questionable management decisions, and attacks by the wolves of Wall Street, short sellers, and claims of securities fraud.
NuScale Power
Oregon-based NuScale Power (NYSE:SMR) is the only advanced reactor vendor in this new market with a design approved by the U.S. Nuclear Regulatory Commission, a “first mover” advantage. It also uses the familiar and well-understood pressurized light water cooled technology, which has decades of mostly successful operation.…
Continue ReadingThis post excerpts energy and climate material from the Media Balance Newsletter, a free fortnightly published by physicist John Droz Jr., founder of the Alliance for Wise Energy Decisions. Droz is also the author of the popular Substack Critically Thinking About Select Societal Issues.
Unreliables (General):
*** Energy Expert Dr. Lars Schernikau: Wind and Solar Energy Make Electricity Expensive
*** Two Bets On The Future Of Wind Energy: Who Is Right?
*** Report: Pennsylvania’s RGGI Odyssey
RGGI “Tipping Points”
RGGI Transition Powerplants: Complex and Expensive
Wind Energy — Other:
*** Trump administration cites national security to widen clampdown on wind farms
Solar Energy:
*** Tornado Levels Billion-Dollar Solar Farm, but the Coal Plant Didn’t Flinch
Obama-backed $2.2B green energy ‘boondoggle’ leaves taxpayers on the hook
Fossil Fuel Energy:
*** Epstein: Vote NO on a backdoor expansion of the ethanol mandate
*** UAE exits OPEC and OPEC+
Miscellaneous Energy News:
Canada’s Sleepwalking into Beijing’s Arms
Manmade Global Warming — Some Deceptions:
*** Exposing The Great Green Grift
RCP8.5 is Officially Dead
Manmade Global Warming — The Science:
*** 46 IPCC Scientists Break Rank, Publicly Challenge Long-Standing Dogmatic Climate Claims
*** Another Climate Activist Trojan Horse Gets Exposed…