Ed. note: This 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. The complete Newsletter for this post can be found here.
Greed Energy Economics:
*** Full Cost of Electricity “FCOE” and Energy Returns “eROI”
*** It is time to replace LCOE
*** Indiana says converting 1,052 MW of coal to gas will be $381M cheaper than renewables and storage
*** $3.8 Trillion of Investment in Renewables Moved Fossil Fuels from 82% to 81% of Overall Energy Consumption in 10 Years
Renewables (General):
*** Renewable energy is a failed path, scientist tells Utah legislators
*** Reliability is Key to a Successful Energy Transition
*** Grid Grief: Ideologues Refuse to Acknowledge the Big Problem!…
“The fantasy, the shared narrative, is that replacing natural gas with electricity addresses the ‘climate crisis’ … Coupled with smart meters and digital currency, the home and business are subject to social monitoring and control. This is a high-tech version of F. A. Hayek’s the road to serfdom.”
On October 11, 2022, Gas Furnaces: Big Brother Says No highlighted the joint comments filed by the Competitive Enterprise Institute (CEI) et al. [1] These comments were in opposition to the Department of Energy (DOE) Office of Energy Efficiency & Renewable Energy (EERE) and their (severely overreaching) “Notice of Proposed Rulemaking” (NOPR) to ban the manufacturing of gas-fueled residential furnaces: “Energy Conservation Program for Consumer Products.”
CEI et al.’s comments primarily highlighted how DOE/EERE is attempting to justify its proposed ban based upon improper use of the Social Cost of Carbon (SCC): “2022-10-05 Joint Comment response to the published NOPR.”…
Continue Reading“… global commodity price increases … sharp and sudden increases in interest rates, prolonged supply chain constraints, and persistent inflation have significantly increased the expected cost of constructing the project.”
Electricity rates are going up because of wind, solar, and batteries being forced upon, and duplicating, the grid. Reliability is going down because of wind and solar intermittency. And higher interest rates are (further) ruining the economics of the infrastructure-heavy, up-front capital necessary to turn “free” wind and solar into electricity.
It’s a perfect storm that might just overcome the taxpayer largesse of the federal subsidies (DOE and IRS) and rate averaging for captive ratepayers. With offshore wind experimental and extra-uneconomic, the worst can be assumed.
An October 30, 2022, article by Colin Young, “Major Massachusetts offshore wind project no longer viable,” explains the fluid situation.…
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