The Assault AROUND THE “dirty” Energy

I lately received a information release from The Council of State Governments headlined “New Report: Renewable Energy Worth Investment for Southern States” that touted “job creation, environment and public health” as benefits. It had been filled with lies. “Atlanta-Renewable energy gets the long-term potential to leader to higher energy self-reliance for america, but Southern claims are looking compared to that sector for job creation, as well as open public and environmental health reasons. Those carrying on state governments also believe alternative fuels have the to create lower utility rates for consumers.” Not just one southern governor was cited as supporting renewable energy.

The United States does have the capability to are more energy independent because it is home to huge reserves of coal, essential oil and gas. The plan of the National government has gone to attack existing coal-fired resources and coal producers despite the fact that it makes up about fifty percent of most electricity generated. As for oil, literally vast amounts of barrels stay unused and untapped because successive administrations have limited or prohibited usage of it.

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Renewable energy for the pupose of this discussion will be wind and solar power. They provides less than three percent of the electricity American consumers use daily. Robert F. Kennedy, Jr., an environmental president and lawyer of the environmental group, Water-keeper Alliance, in a July Wall Street Journal commentary, argued against an enormous wind power project, Cape Wind.

1 billion above market averages” based on information filed by Cape Wind regarding its agreement with National Grid, the utility company that has decided to buy half its power. “The truth is this task makes no sense for ratepayers and taxpayers. According to the U.S. Chamber of Commerce, of 300 projects delayed or killed over the last couple of years approximately, 65 were for renewables. The assault on the “dirty” energy, coal, proceeds unabated by environmental groupings such as Friends of the Earth and the Sierra Club.

Wind and solar projects are greatly expensive, require massive taxpayer subsidies, while producing few real jobs. These are astonishingly ridiculous and unreliable way to generate electricity when one considers that breeze power, for example, requires a constant backup supply of electricity from traditional generating facilities. To add salt to the wound, virtually all of the components of wind and solar energy production are manufactured in China where U.S. The Institute for Energy Research discovered that electricity prices are almost 40% higher in expresses with mandates for their use.

In July, New Jersey Gov. Chris Christie taken out of the Regional Greenhouse Gas Initiative, a consortium that would have required green energy use for the provision of electricity. In Pennsylvania, Gov. Tom Corbett has been de-emphasizing alternative energy use and energy conservation aggressively. He has turn off the state department of environmental protection’s office of energy and technology development. Support for “green energy” and “green jobs” by the National government is just yet another way to further bankrupt the country. If its episodes on traditional producing facilities continue, America can be a third-world nation with moving brownouts and blackouts.

‘We’re have to to find a solution before the weekend has gone out, and it’s not heading to be authorities money,’ declares Paulson, that by Mon morning the company will be insolvent adding. Despite carnage in financial stocks, the week almost exactly where it started the FTSE ends, on 5,416, as the Dow shall nudge up 1.8 %, reflecting the public’s apparent ignorance of the growing threat to the economy.

Jamie Dimon, chief executive of JPMorgan Chase, drinks coffee as he flicks through the Wall Street Journal in his Park Avenue apartment. The front web page headline screams: ‘Lehman Races Clock; Crisis Spreads’. If anything, he knows the real situation is far more precarious: Lehman’s collapse will definitely cost other banks billions, most likely pressing first Merrill Lynch, then his own company and Goldman Sachs into the firing range even. Richard Fuld, C and Chairman.E.O.