Posted on 10/07/2021 8:24:42 AM PDT by ChicagoConservative27
The White House indicated Wednesday that governments across the globe should not walk back green energy commitments despite growing fossil fuel shortages and price hikes.
White House press secretary Jen Psaki was asked during the daily briefing if the White House is concerned that fuel shortages in Europe will impact green energy pledges ahead of the Glasgow Climate Change Summit in December.
(Excerpt) Read more at breitbart.com ...
I traveled right through the middle of Michigan last summer and for 40 miles around Lansing, there were all those giant, ugly wind turbines.
There are too many people who will vote D, no matter what. They believe all the “free stuff” promises. In other words, they aren’t bright.
I paid $1.66 a gallon on Election Day 2020.
spit
I guess Biden forgot that one weather station in Antarctica recorded a temperature of -111°F last week. Lowest on record. And it was -100°F in many places on the continent. This finally has some global warming nutballs going, “Hmmm, maybe something’s wrong with all this global warming baloney.”
I do not believe that oil has ever reached the level you claim.
You've actually nailed the solar fraud in a nutshell -- if it was truly viable and the opportunity cost was a positive ROI, those of us who own acreage and therefore do not need to install on roofs, would quickly sub out solar panels for the corn or rotation alfalfa, at least enough for personal use the way Generac commercials make Youtube utterly unwatchable. Not worth it.
Build Back Bullsh**.
On the opportunity cost we're in 100% agreement -- unless you get up in age and start thinking of retirement. I've just reached the point in my financial planning where my wealth has been built. If you get close to retirement and start slowly shifting portions of your portfolio into bonds, treasuries, and money markets, think of it as entering phase 2 of your financial plan. That's being able to handle market downturns while also curbing expenses you'll live on in retirement. That's where I'm at. I'm particularly interested in expenses that I have little control over -- like how my power bill and natural gas bill have shot up recently (before I got solar) -- that have the highest chance of keep me from having extra in my monthly budget for fun. I looked at my statements over the past few years and my energy consumption didn't go up, my rates did (and all the "hidden" energy riders). So, even though it's an opportunity cost to buy solar, I took out a low interest HELOC to pay for most of my solar (I wouldn't take out a HELOC to invest into equities, so maybe that part is not an opportunity cost), and pulled a little more out of investments to pay for the rest. Now my solar is giving me a substantial portion of my power consumption "for free", so much that I have many days where I have "too much" solar and nowhere for it to go (my solar batteries are fully charged on many days). So I'm taking bids on converting my gas appliances to electric -- we'll see how much that will cost before I decide to do that. If things keep going the way they've been going it'll "pay for itself" in 12 to 15 years, and that assumes a modest 2% to 3% inflation rate on energy costs. If energy costs keep skyrocketing it'll pay for itself sooner. But in the end I'll have a peace of mind knowing that even if energy costs go through the roof it won't impact my spending budget half as much as it used to. What I've saved on electricity so far each month is almost paying the HELOC payments. As the HELOC is slowly paid off, making my minimum payment go down with it, all while power rates rise with inflation, I'll reach the point in about 6 or 7 years where my power savings pays the HELOC payment. Then from there it's a net gain -- again with the main purpose of all of this to minimize the damage the world-saving Dims put onto my retirement budget.
Another way to look at it is with asset allocation in retirement. If I wasn't curbing my expenses I'd probably shift my portfolio to being something like 60% equities and 40% stocks/bonds. But since the energy cost portion of my budget will be over halfway pre-paid, I'm thinking as I keep shifting my equity assets into retirement mode I might stop when it's 75%/25% or 70%/30%. Why? Because if a substantial portion of my living expenses are fixed, I don't have to keep as much of my assets in reserve for a market downturn as most retirees do. So solar is an opportunity cost, but at the same time it frees money to stay invested in retirement (an opportunity provider).
I'm looking into replacing my old used truck (that's the only kind of car I've driven for decades) with an EV truck Ford is planning to sell next year. Let me spend the next year seeing what Mustang Mach-E owners say about their EV performance before I count Ford as being able to replicate that in the F-150 Lightning. Even if I do that my wife and I will keep a gas car for long trips (we need 2 cars anyway, especially while I'm still working). Like with solar, it's an opportunity cost that pays for itself in the long run if you're past the critical wealth building stage and want to use a tiny portion of it to curb future costs. Ford proports it'll be able to get 2 miles per kWh, let's say it winds up being 1.8 miles per kWh. That's cheaper than the 15 mpg I've been getting with my current old truck, and that's before I might get some of my kWh for "free" from the solar (maybe some, but if I convert my gas appliances to electric there's liable to be few days where I have excess power to put to something else like an EV).
That’s absolutely fair, and in what I presume is the perfect environment — 200+ day sunlight in a grossly-overpriced energy region — to indulge in solar, you have made the argument, particularly with the commitment to solar to supplant power lines for EV, which I would do the same but my coal power is wayyy too cheap for the opportunity cost of solar. Thank you for the reply. Well stated.
Unfortunately, that picture perfectly describes our resident thief.
I remember the lines at the pump in the 1970s, but Biden will make things worse. Look for large scale blackouts when the needed back up for wind and solar isn’t there. Skyrocketing prices for natural gas and limits in supply will leave residents of the northern plains shivering during the annual polar vortex events that plunge temperatures into the -40 range. Perhaps on the bright side will being seeing those EVs dead on the roadside due to lack of a charge.
Agreed!
In MD, VA, DC area gas is a little above $3.00. Wonder if the prices will rise for Columbus Day weekend?
You have a dated quote from 15 years ago (2006). How old are the other quotes? It will be interesting to see how fast people move to electric vehicles and the subsequent availability and prices of gas.
What was that doomsday date AOC predicted ages ago?
Biden needs to be tarred and feathered for his gas price increases. There is a station here in Reno now up to $4.99. The Biden and Harris Democrat gas price increases are hurting everyone.
I remember when the Green New Deal was first introduced and someone stated that there was a provision for the requirement of drinking urine to preserve drinking water. The whole Deal was so ridiculous that I believed this joke about urine and drinking water. That’s how I feel about this whole thing.
That’s for sure 😔
Yeah typical Leftist bullshit. I have a relative that was complaining about inflation under Trump but with Biden this person looks the other way, is ok with people staying home and causing shortages because you know they need $20hr to make sandwiches.
The left is way out in front of their skis technology wise implementing cleaner energy. Technology has not yet caught up. We’ve done much to clean up the environment without sinking economy. We’ll inevitably do much more. The leftist squads know nothing about anything.
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