Posted on 02/22/2023 4:42:41 AM PST by MtnClimber
A recurring theme here at Manhattan Contrarian is that the “smart” people who seek to run the world are not really very smart. They may have gotten high scores on the SATs, and they may have attended fancy universities, but when it comes to practical knowledge of how the world works they are often complete idiots.
A special case of this phenomenon is that the highest gurus of high finance — the people who are most trusted to have mastered basic numeracy, and who get to pass out trillions of dollars of public funds — are completely innumerate.
I come to this issue today as a result of the recently-completed briefing in CHECC v. EPA, the DC Circuit case challenging EPA’s “finding” that atmospheric CO2 is a “danger to human health and welfare.” The group challenging the Endangerment Finding, the Concerned Household Electricity Consumers Council, asserts standing on the ground that increasing the amount of solar and wind “renewable” generation on the grid necessarily drives up consumer electricity bills. The reasons why this is so have been discussed many times on this blog. Perhaps the most detailed discussion appears in the Articles section, titled “The Disastrous Economics Of Trying To Power an Electrical Grid With 100% Intermittent Renewables.” This subject does require some thought to understand, but certainly no advanced math. The main point is that intermittent renewables cannot power a grid on their own, and as their grid penetration increases, large amounts of some combination of backup, storage, and overbuilding are required, all of which add to the cost of the system. All of this is easily demonstrated with basic arithmetic. Anyone who successfully finished the sixth grade should grasp it immediately.
As obvious as the conclusion of increasing electricity prices may be, our government, represented by EPA and the Justice Department, either claims, or pretends, not to recognize that conclusion. Could seemingly smart people really be so dense?
Well, consider the case of the IMF, the International Monetary Fund. These are the people at the top of the knowledge pyramid of international finance. They get hundreds of billions of dollars of funding from governments in developed countries, and are given the authority to hand out those funds, let alone to educate and instruct governments in developing countries how to run their economies and their monetary policies correctly. This monetary policy stuff is all arithmetic, some of it fairly complicated. Surely, if anyone in the world can do basic arithmetic, these are the people.
So consider the piece from the IMF’s online journal Finance & Development by Bob Keefe, from December 2022, titled “The Price of Energy Insecurity.” According to this guy, wind and solar are the obvious route to inexpensive electricity:
[T]hanks to previous policies and the advance of technology, solar and wind are the cheapest sources of power available in most parts of the world. Electric vehicles are cheaper to operate, especially when gas prices soar. Energy-efficient products—LED lighting, high-efficiency heat pumps and hot water heaters, and better windows and insulation—can save consumers and businesses money with every monthly power bill. And making clean energy at home, from fuel that’s free for the taking, makes a nation more secure.
And it’s not just Keefe and the IMF who have gotten the message. EU Commission President Ursula von der Leyen is fully on board:
“Ending our dependency on Russian fossil fuels is only the first step,” [von der Leyen] said at the Bled Strategic Forum in Slovenia. “The skyrocketing electricity prices are now exposing, for different reasons, the limitations of our current electricity market design. It was developed under completely different circumstances and for completely different purposes. It is no longer fit for purpose.”
And don’t forget about the World Bank, the IMF’s partners in global high finance. From the World Bank’s “Energy” page, September 26, 2022:
Renewables Are the Key to Green, Secure, Affordable Energy. Renewable energy can help countries mitigate climate change, build resilience to volatile prices, and lower energy costs—this is especially critical now as spiking fossil fuel costs are debilitating poor energy importing countries. Solar and wind technologies can become a game changer for many developing countries as solar and wind are abundant, cost-competitive, and a source of reliable power when combined with battery storage.
Or, from the UN’s International Renewable Energy Agency, July 13, 2022:
“Renewable Power Generation Costs in 2021,” published by the International Renewable Energy Agency (IRENA) today, shows that almost two-thirds or 163 gigawatts (GW) of newly installed renewable power in 2021 had lower costs than the world’s cheapest coal-fired option in the G20. IRENA estimates that, given the current high fossil fuel prices, the renewable power added in 2021 saves around USD 55 billion from global energy generation costs in 2022.
So what is happening in the real world? A guy named Mike Jonas at Watts Up With That yesterday has compiled the latest data that he could find on the relationship between wind and solar penetration in primary energy consumption in a country versus consumer electricity prices. The wind/solar generation percent data come from 2021; the consumer electricity prices are from June 2022. Here is the chart:
Commenters at WUWT point out, correctly, that this chart hides many complications, particularly the extent to which each country either lowers consumer electricity costs with massive subsidies, or raises them by embedding taxes. Nevertheless, the strong correlation between increasing wind/solar penetration and increasing consumer prices is clear.
To me one of the most striking things about the chart is the low level of penetration of wind- and solar-based electricity in primary energy consumption in every country, even after decades of massive subsidies and extreme political pressure to “save the planet” by means of an energy transition. The only country that has gotten materially past 15% wind/solar energy production is Denmark at about 24%; and that is at a cost of consumer electricity prices well over 50 cents/kWh — about 5 times the U.S. average price. (Commenters point out that Denmark has unusually high amounts of taxes embedded in electricity prices, but it would still be an outlier without them.). Germany and the UK, after many years of vast subsidies and an extraordinary push toward green energy have only achieved 10% and 12% respectively of primary energy from wind and solar, with electricity prices over 4 times the average U.S. level. Greece seems to be some kind of a best case for wind and solar, with close to 15% penetration and electricity prices less than double the U.S. average; but check out this Reuters piece about Greece’s vast subsidies to lower prices to consumers.
I won’t claim that the final real world results are yet in. But if wind and solar could actually provide reliable electricity for lower cost than the fossil fuel alternative, this chart would show correlation with a directly opposite slope. Let’s see some country achieve 50%, or for that matter 85% of primary energy from wind and solar (as many countries are supposedly promising by 2050), and let’s see what the costs are. People who can do basic arithmetic know full well that getting to those goals will entail increasing consumer electricity prices by a large multiple.
The leaders of these large organizations are often “Legends in Their Own Minds” aka narcissists.
They know. It’s a feature, not a bug.
Stop assuming these people are just not smart. They tell bold face lies. Wind and Solar have never been reliable yet in nearly every statement about them they are claimed to be.
I totally align with Occom’s Razor but there comes a point when the data is so obviously manipulated that is surpasses incompetence and enters into willful malicious intent.
Take Nuclear power for instance, the new paradigm is not to compete against green energy as a better solution but to now claim itself as green energy, now the Nuclear industry supports the entire lie of man made global warming, says it is a solution to it AND seeks the same subsidy grift solar and wind get.
These executives know exactly what they are do as do many of the people mentioned in the above article, many fail to accept or perceive their actual intent.
“Anyone who successfully finished the sixth grade should grasp it immediately.”
Only if they did it more than 30 years ago.
Bfl
“nuclear”
The cost of the new British reactors will be staggering, around $40 billion for one.
https://www.reuters.com/business/energy/cost-edfs-new-uk-nuclear-project-soars-40-bln-2023-02-20/
The French nuclear company EDF posted a massive loss.
https://www.bbc.com/news/world-europe-64674131
“more than half of its 56 ageing nuclear power stations went offline for repairs”
BBC link given above
Dear Francis,
They are not stupid
They are evil
They are forcing everyone onto the grid
They know the grid will not be able to power everyone
There will be scarcities
Which makes it easier to control people
Hugo Chavez punished his enemies and rewarded his friends using the availability of electricity. Poor areas had low prices and regular service. Rich areas had huge bills and regular blackouts.
Obama liked to use the phrase, “punish your enemies and reward your friends”.
Solar panels should be prioritized for areas with lots of sun.
Certain areas will need to use fossil fuels for a long time, at least decades.
Home backup systems will have four wheels.
Just plug your car in manually (until automatic systems become standard) and electronic systems will manage the rest.
The weather is a series of waves - very sunny, partly cloudy, mostly cloudy, cloudy (and generally precipitation).
In the US, these generally move from east to west.
It may be cloudy today, but sunny tomorrow.
This is for Topeka, Kansas:
TodayA 50 percent chance of rain, mainly before 11am. Cloudy, then gradually becoming mostly sunny, with a temperature rising to near 62 by 11am, then falling to around 44 during the remainder of the day. Breezy, with a south wind 10 to 20 mph becoming west in the afternoon. Winds could gust as high as 30 mph.
TonightMostly clear, with a low around 18. Blustery, with a west wind 10 to 15 mph increasing to 15 to 20 mph after midnight. Winds could gust as high as 30 mph.
ThursdaySunny, with a high near 31. Blustery, with a northwest wind 15 to 20 mph decreasing to 10 to 15 mph in the afternoon. Winds could gust as high as 30 mph.
Thursday NightIncreasing clouds, with a low around 13. Wind chill values between -1 and 9. North wind 10 to 15 mph, with gusts as high as 20 mph.
FridayPartly sunny, with a high near 34. East wind 10 to 15 mph, with gusts as high as 20 mph.
Friday NightPartly cloudy, with a low around 21. East wind 5 to 10 mph becoming light and variable after midnight.
SaturdayPartly sunny, with a high near 50. Light and variable wind becoming southwest 5 to 10 mph in the morning.
Saturday NightMostly cloudy, with a low around 33. Southwest wind 5 to 10 mph.
SundayA 20 percent chance of rain after noon. Mostly cloudy, with a high near 60. South wind 5 to 15 mph, with gusts as high as 25 mph.
Sunday NightRain and possibly a thunderstorm. Low around 48. Breezy. Chance of precipitation is 80%.
MondayA 40 percent chance of rain. Mostly sunny, with a high near 58. Breezy.
Monday NightClear, with a low around 29. Blustery.
TuesdaySunny, with a high near 55.
https://forecast.weather.gov/MapClick.php?lat=39.04928000000007&lon=-95.67117999999994
pick a day and scan the cursor over 7am...4pm in the sky cover row to see how clouds move:
https://graphical.weather.gov/sectors/conus.php?element=Sky
Michael Bloomberg only aimed for 90% fossil fuel phase out.
Joe Biden’s goal of 100% is unrealistic as you already know.
The left would like to ration everything.
People who can do basic arithmetic know full well that getting to those goals will entail increasing consumer electricity prices by a large
The Elites collect the cash from the peasants who will have to have their energy costs subsidized by the government. Those in the middle who struggle to pay those higher prices will have to accept a lower standard of living.
punish your enemies and reward your friends”.
Obama & Co perfected the drill. “Progressives” use the TLAs to control any opposition.
All those third world illegal immigrants will be able to teach all those first world people how to live in the new third world.
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