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Promoters of renewable energy failed to account for the return of cheap oil
The Washington Times ^ | May 10, 2015 | Stephen Moore

Posted on 05/15/2015 2:15:38 PM PDT by Cry if I Wanna

The green energy movement in America is dead. May it rest in peace. No, a majority of American energy over the next 20 years is not going to come from windmills and solar panels. One important lesson to be learned from the green energy fad’s rapid and expensive demise is that central planning doesn’t work.

What crushed green energy was the boom in shale oil and gas along with the steep decline in the price of fossil fuel that few saw coming just a few years ago.

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Miscellaneous
KEYWORDS: energy; envirowhackos; greens; karma; lol; oil; renewableenergy; renewenergy
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1 posted on 05/15/2015 2:15:38 PM PDT by Cry if I Wanna
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To: Cry if I Wanna
What cheap oil? Gas prices around here slowly worked their way down to $3 and just a few short weeks later have shot up and are now closing in on $4.

When oil prices were collapsing people were talking up the economic benefits of the fracking industry.

Now that oil prices are once again on the rise people are talking about the death knell of the fracking industry.

It must be hell trying to be a reporter for the commodities market.

2 posted on 05/15/2015 2:20:59 PM PDT by who_would_fardels_bear
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To: who_would_fardels_bear

I don’t think we’ve seen the last oil price spike. And I don’t think green energy is dead at all.

I think nuclear still makes the most sense. But we need better batteries, and I think they are coming. They’re still subsidizing ethanol, and I doubt that will change any time soon.


3 posted on 05/15/2015 2:29:34 PM PDT by DannyTN
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To: who_would_fardels_bear

$2.29 a gallon here.


4 posted on 05/15/2015 2:34:17 PM PDT by 2ndDivisionVet (You can help: https://donate.tedcruz.org/c/FBTX0095/)
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To: Cry if I Wanna

Obama was supposed to protect them from that.


5 posted on 05/15/2015 2:39:15 PM PDT by TBP (Obama lies, Granny dies.)
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To: who_would_fardels_bear
What cheap oil? Gas prices around here slowly worked their way down to $3 and just a few short weeks later have shot up and are now closing in on $4.

Presumably you are in CA which now has higher prices that Hawaii.

There is tight supply here and no other sources of supply since we have special blends.

Then the Torrance fire and Martinez strike.

Then the carbon tax.

No end in sight for the price increases.

6 posted on 05/15/2015 2:53:09 PM PDT by cicero2k
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To: who_would_fardels_bear

Prices were down to around $2 about a year ago. As I said at the time, the Saudis were flooding the market to make new production in North America unprofitable. Once the oil drilling boom slowed down they would cut back and prices would go back up, partly at least. It’s still cheaper than it was before, but nowhere near $2. Of course here in CA we have the highest priced gas in the country. They just added to the tax in January.


7 posted on 05/15/2015 2:56:18 PM PDT by Hugin ("Do yourself a favor--first thing, get a firearm!")
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To: Cry if I Wanna

From what I can see, solar prices are going down just as much as oil. They will both be competing to keep prices down.


8 posted on 05/15/2015 2:56:37 PM PDT by Vince Ferrer
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To: Cry if I Wanna

As long as the global warning/climate change lies go on, so will the quest for a ‘green’ America. The envirowackos hate oil almost as much as they hate conservatives, except when it comes time to refuel their private jet.


9 posted on 05/15/2015 3:13:10 PM PDT by Paulie
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To: Cry if I Wanna

As long as the global warning/climate change lies go on, so will the quest for a ‘green’ America. The envirowackos hate oil almost as much as they hate conservatives, except when it comes time to refuel their private jet.


10 posted on 05/15/2015 3:13:10 PM PDT by Paulie
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To: Cry if I Wanna

Everyone failed to account for cheap oil (me included). But renewables have NOTHING to do with that...the purpose of renewables is to WEAKEN this country economically, so that we essentially burn up money that otherwise could be put to good use. If you understand these people, it all makes sense, if you don’t, then you need to do some homework.

I went to college with these people, got drunk with them - I know who they are and what they want, and energy is only a VEHICLE to achieve that end. It has NOTHING to do with alleged Global Warming, the Snail Darter, or anything else they claim.

It’s time we STOP giving them the benefit of the doubt, whether it is regarding military matters, energy, or even the education of your precious children. They are PURE EVIL and we MUST learn to accept that.


11 posted on 05/15/2015 3:13:33 PM PDT by BobL (REPUBLICANS - Fight for the WHITE VOTE...and you will win (see my home page))
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To: who_would_fardels_bear

You live in CA, where taxes and government fees drive the prices of gas way up. Much of the rest of the country was enjoying ~$2 gasoline (or less) for the past few months.


12 posted on 05/15/2015 3:27:52 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: who_would_fardels_bear
Don't you love living in California?


13 posted on 05/15/2015 3:34:37 PM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

“Don’t you love living in California?”

A question. In California for the last few years, diesel was above gasoline in price.

However it is now cheaper by the biggest margin I have ever seen—about $0.65 per gallon below regular.

Can you explain it to me?


14 posted on 05/15/2015 3:43:59 PM PDT by truth_seeker
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To: truth_seeker

Strictly a California thing. Refinery hassles in CA have spiked gas but apparently not diesel.

Any other states where diesel is currently cheaper than gas?


15 posted on 05/15/2015 3:51:18 PM PDT by jjotto ("Ya could look it up!")
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To: thackney
Gee. Blue if my favorite color.

In California we don't care whether a particular policy makes sense. It just has to sound good. ;-)

16 posted on 05/15/2015 3:53:32 PM PDT by who_would_fardels_bear
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To: truth_seeker

Interesting explanation:

http://www.contracostatimes.com/breaking-news/ci_28006525/diesel-drivers-get-break-at-pump


17 posted on 05/15/2015 3:54:09 PM PDT by jjotto ("Ya could look it up!")
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To: Vince Ferrer

Solar has come down dramatically but marketers won’t market it for what it’s good for- low power demand.
They want to sell it for running whole houses: refrigerators, air conditioners- high power demand uses.
And it fails miserably at that.

Nearly everyone would have a short payback period putting their lights and other low power devices on a separate low voltage solar circuit. And those savings add up.
But the industry is pushing subsidized, long (risky) payback uses.


18 posted on 05/15/2015 4:01:24 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: who_would_fardels_bear
What cheap oil?

My thought exactly. The crude price keeps rising relentlessly and in my part of CA regular gas was ranging from $3.75 to $4.15 a gallon yesterday. The price of crude is advancing so much that several fracking companies are going back into full production, according to the business news. I believe those who thought the price would stay low were whistling past the graveyard.

19 posted on 05/15/2015 4:06:37 PM PDT by Bernard Marx
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To: who_would_fardels_bear
In California we don't care whether a particular policy makes sense. It just has to sound good.

Love the sarcasm, yet you're right. Lots of ethanol blended into our gasoline in California. That's green, right? Yet the production of corn releases more greenhouse gases into the atmosphere than the ethanol-blended gasoline prevents. Lots of corn produced in California, about 16 percent of the nation's production. Corn production depletes aquifers and streams and contributes to oxygen-deprived “dead zones” lethal to marine life. In California, where we have an extreme water shortage, it can take more than 3,500 liters of water to produce a single liter of ethanol (according to researchers at UC Berkeley). So let's grow more corn, deplete our water supply, and drive up the price of gasoline while we're at it.

Yes, the policies in California don't make sense, but it sure sounds good!

20 posted on 05/15/2015 5:54:04 PM PDT by roadcat
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