Posted on 07/27/2011 5:55:59 PM PDT by jazusamo
More regulations on industry will hurt the flickering economy
America faces a European-style debt crisis, but you wouldn’t know it from observing what’s happening on Capitol Hill. At a Senate committee’s request, the Congressional Budget Office (CBO) on Tuesday issued an analysis of proposed renewable (RES) and clean-energy standards (CES). The federal government has grown so large that it’s actually studying how to spend money to make electricity more expensive.
In fact, it’s a White House priority. In his State of the Union address, President Obama called for 80 percent of America’s electricity to come from windmills and solar panels by 2035 as part of his Win the Future (WTF) campaign. That can only happen if federal laws and regulations are used to shut down cheaper sources of power, such as coal. As CBO concluded, “Either an RES or CES would also raise the average cost of generating electricity in the United States because, in the absence of the standard, regulators and generators would generally choose the lowest-cost method of producing electricity.” In a sane world, that would be the end of the story, but it isn’t.
Currently, coal provides 45 percent of our power and nuclear 19 percent. Wind accounts for 2 percent, and solar power is so weak it earns an asterisk. That’s not going to change, so federal bureaucrats want to tell private companies they must produce 20 percent or 25 percent of their electricity from inefficient, intermittent sources using a complex scheme of production credits to impose their will on the industry.
(Excerpt) Read more at washingtontimes.com ...
I sure as hell hope I’m not around when the Federal Government collapses.
I hate that bastard so much that I should just go on down to the Secret Service right now and turn myself in for thought crimes.
Want to car pool?
Amen!
President Obama called for 80 percent of America’s electricity to come from windmills and solar panels by...
And I believe in flying monkeys and that the government is coming to help me.....
What about the poor? Oh yeah, the middle class will be taxed double to cover the subsidies for the poor.
People accustomed to huddling around electric space heaters will just find alternatives to keep warm, like woodstoves and pieces of vacant homes.
If you charter a bus, let me know. I'm in.
“President Obama called for 80 percent of America’s electricity to come from windmills and solar panels by...
And I believe in flying monkeys and that the government is coming to help me.....”
- ...you mean the flying monkeys coming out of my butt, because that’s about as likely to happen as 80% of our energy from solar and wind by 2035 - unless we’re only going to have a fraction of the energy we have now.
Perhaps this is what Obama is alluding to.
I used to think that this administration’s harmful actions were due to a combination of stupidity and fanaticism. I am swinging over to the opinion that the administration’s harmful policies are willful and malicious. To put it another way the administration and its members INTEND to cause harm.
Next election, when a candidate tells you he's a Marxist, it's smart to believe him.
Never thought I’d almost enjoy hearing ominious news from a cardiologist..... >Mech
Ping.
They’ll outlaw woodstoves pretty soon. As it is, people living in Sacramento need to call in to see if they can burn. This guy needs to go, one way or the other.
Convoy?
I just got my electric bill. The charges on it lately are mystifying. Hope someone here can explain them. The total distribution charge for kilowats used is $27.52. Then, a long list of fees are tacked on which more than doubles my bill. I think they are penalties/charges for this green energy crap.
There’s .15 for a “consumer education charge,” .05 for a “solar requirements charge,” .23 for a “default service charge,” $3.26 for a “non-utility generation charge,” $1.07 for a “smart meter charge (I don’t have a smart meter), and a whopping $32.15 charged as “price to compare default service.”
The glossary on the back of the bill says the solar requirements charge is a “charge for the cost to acquire solar photovoltaic alternative energy credits to comply with the ‘Alternative Energy Portfolio Standards Act.’” What???
The “price to compare default service” is translated to mean “charges for costs to provide energy capacity compliance with Alternative Energy Portfolio standards, transmission and ancillary services for commercial and residential customers receiving default service.” What??
This looks to me like I’m being fined for buying electricity from a company that gets its energy from coal, not solar or wind. It looks like the cap and trade that will “necessarily cause utility bills to skyrocket” in Obama’s immortal words. Am I correct? And what is the “Alternative Energy Portfolio Standards Act”?
My actual electricity use amounted to $27.52 last month. Tack on all these damn fees and I owe Penelec $64.43, more than double that. What the heck is this?
Windmills and solar panels? 2035?
Is there an engineer in the house? Even Jimmuh Carter?
What is the idea, to win the future for the purpose of crapping all over it?
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