There are multiple EOs on this subject of energy policy, but this one , issued yesterday, is the big one, going on and on for what would be the equivalent of maybe 40 pages if it were typed out on 8 1/2 x 11 sheets. The provisions run into the dozens and dozens. It’s all entirely fantasies and fairytales, with no attempt to estimate or even mention costs of anything, even though it’s clear that the costs will be enormous and destructive, and that it’s all going to get charged to you, and that the costs will fall disproportionately on the relatively low of income.
Just learn how to make solar panels, peasants.
It will remain an unresolved mystery how a populist anti-establishment candidate could ever win the presidency. https://t.co/td0gIHysBF
— Andreas Backhaus (@AndreasShrugged) January 27, 2021
6 comments:
General Motors announced this week that they're changing over to 100% electric vehicles.
The stupid anti-green noise will continue, of course, but it's over.
It's adorable that you believe that.
"Ford offered 47 vehicle models globally in 2019. The Dearborn, Mich., automaker’s top five models by revenue are the F-150 SuperCrew, the F-250/350 Super Duty, the Ranger, the Transit and the Focus. All but the Focus are trucks. Those vehicles account for 43 percent of Ford’s revenue and 101 percent of its automotive operating income.
Excluding the Focus, which Morgan Stanley says loses money, Ford’s top four products by revenue account for 120 percent of its global profit."
The stupid anti-green noise will continue, of course
The response:
Oh yeah, what about THIS stupid anti-green noise?
GM's stock price: $51.14
Ford stock price: $10.54
Tesla stock price: $809.40
(Tesla was recently added to the Nasdaq 100)
U.S. solar industry revenue, 2007: $42 million
U.S. solar industry revenue, 2016: $196 million
U.S. solar industry revenue, 2019: $10 billion
Estimated U.S. solar revenue, 2025: $23 billion
The loan program of the 2005 Energy Policy Act was never intended to turn a profit. But it turned a profit anyway. That's the program that gave money to Solyndra, whose bankruptcy exposed the utter folly of subsidizing green energy.
Net new energy generation capacity from solar and wind sources, 2021: more than 96%
There are now 3.3 million jobs in clean energy, while we've fallen to 46,000 jobs in beautiful clean coal. Or is that "adorable" coal?
https://www.youtube.com/watch?v=nhE4hoyfcQE&ab_channel=JohnnyCashVEVO
At one of our dinners, Milton recalled traveling to an Asian country in the 1960s and visiting a worksite where a new canal was being built. He was shocked to see that, instead of modern tractors and earth movers, the workers had shovels. He asked why there were so few machines. The government bureaucrat explained: “You don’t understand. This is a jobs program.” To which Milton replied: “Oh, I thought you were trying to build a canal. If it’s jobs you want, then you should give these workers spoons, not shovels.”
And then the whole bus started clapping.
New research from Morgan Stanley argues that traditional internal combustion engines — the mainstay of automobiles for more than a century — are destined to become money-losers as early as 2030. “We believe the market may be ascribing zero (or even negative?) value for ICE-derived revenues at GM and Ford,” auto analyst Adam Jonas wrote in a Jan. 29 analysis. He lists a variety of factors likely to “transform what were once profit-generating assets into potentially loss-making and cash-burning businesses.”
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