Update on wind power (solar #33)

More on the economic, environmental, and ecological devastation caused by solar and wind.

Today let’s look at two articles on the economic damage from wind power: massive tax subsidies which look likely for another year and cost of wind-provided electricity rising.

11/30 – Tim Phillips in Wall Street Journal – Wind Power is Intermittent, But Subsidies Are Eternal – Check out the article for a brief overview of the massive corporate welfare found in wind power subsidies.

The Production Tax Credit provides slice-and-dice farms a 2.3 cent tax credit for each kilowatt-hour produced.

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Great ways to make sure you are always unhappy

Jeff Haden surveys 7 Poisonous Beliefs That Make You Desperately Unhappy.

He suggests that if you are routinely unhappy, there might be some things inside you that are the cause. The good news is that you can change those drivers. If you recognize them and if you want to.

Here’s a few of his points I particularly enjoyed.

Continue reading “Great ways to make sure you are always unhappy”

“I, Egg”, or, how many millions of people have to cooperate for you to boil one egg?

Check out Exxon-Mobil’s commercial. Try to take a completely wild guess how many people are involved in getting one egg to your house and the number of people and millions of dollars of investment needed to get a bit of natural gas to the stove:

[youtube=http://www.youtube.com/watch?feature=player_embedded&v=PmD8B64vSM8]

 

Continue reading ““I, Egg”, or, how many millions of people have to cooperate for you to boil one egg?”

Another glimpse into a world I’ll never visit

Fun thing about reading widely on the ‘net is I get to look into worlds that I’ll never, ever visit on my own. Like the world of buying guns and dope online.

Worlds far away I’ll never visit

11/1 – Economist – The Amazons of the darknet – If you thought the days of buying dope and illegal guns on the ‘net ended when the feds took down Silk Road a year ago, think again. Continue reading “Another glimpse into a world I’ll never visit”

About those dropping oil prices and OPEC’s decision to let them fall – 4

OPEC decided on November 27 to maintain production levels. That means they won’t try to increase crude oil prices.

One of the many articles I’ve read (don’t remember which one; too lazy to look for it) said the pricing decisions by OPEC are about geopolitics, not economics. Keep that in mind as you read headlines.

They have declared a price war.  As the old saying goes, be careful what you wish for.

By the way, even if OPEC can shut down a lot of the marginal producers, the oil not drilled will still be there, ready to be drilled as soon as prices rise.

Here is another bunch of articles on point.

11/28 – Wall Street Journal editorial – New Oil Order – OPEC decided on Thursday, 10/27 to maintain production. That will allow crude prices to stay where they are or even drop.

OPEC has lost a huge portion of its pricing power – that means they can’t force us consumers to pay whatever they want. This is a good thing.

OPEC knows that the booming US shale oil revolution will threaten their high prices and high volume. Thus,

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In addition to gracious help from Indians, what moved the Pilgrims from starving to thriving?

The first winter for the Pilgrims was terrible. Between starvation, pneumonia, and tuberculosis, about half died.

The second winter was terrible, again with little food. Those who survived the first two winters only did so by the goodness of the Native Americans who graciously shared their food.

The third winter was far better, with plenty of food. In a few years, there was enough abundance that the Pilgrims had paid off their debt to those who financed their trip. They were alive, thriving, and free of debt.

Those are a few highlights of the Pilgrims’ story told by Karl Denninger in his article from 2006, which is reposted at Market-Ticker:  The Truth About Thanksgiving.

What caused the change from starving to thriving is the part of the story I never heard growing up.

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Space flight *is* rocket science. And expensive in lives.

Bill Whittle comments on the crash of a spaceship.

11/21 – The Firewall – A Crash in the Mojave – Space flight IS rocket science. It is dangerous. So dangerous that people will die learning how to fly in space.

[youtube=http://youtu.be/kzyPLgBqGcw]

He points out a lot of men died in the Mojave Desert paying for the knowledge and information that allows us to fly around 30,000 major domestic commercial flights per day with zero, count ‘em zero, fatalities in thirteen years.

The copilot on the Virgin Galactic flight, Michael Alsbury, had 1,600 hours flight time as a test pilot. Sixteen hundred hours. Test pilot time. You don’t get any better trained than that.

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More reaction to the hit pieces on North Dakota regulation of the oil industry

There is an old explanation that the best learning you will get about news coverage is when you watch media sources report on a topic for which you have deep knowledge.

It has been quite sobering to occasionally read a story where I can compare my knowledge gained from education and experience to what a reporter explains. In some situations, it is so easily to identify biases, slanted explanations, and sloppy reporting.

On the other hand, I’ve also learned from following the deworming valuation issue in the nonprofit community that sometimes reporters have an incredible depth of accurate knowledge, report accurately, and don’t even give the full range of damaging information they have gathered.

I’ve learned a lot about energy in the last four years. Am still quite new to the field, but finally know enough to carefully evaluate what I read.

That of course leads me to the hit pieces from the New York Times against state regulation of energy development, previously discussed here.

More on the first of two stories from the New York Times…

11/23 – Say Anything Blog – About that New York Times “Downside of the Boom” Story and 11/24 – Bakken.com – The dark side of the boom – isn’t so dark

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More good stuff on the Bakken – 11/25

First comprehensive random survey of groundwater finds no contamination. Increased employment from Bakken spreading towards Black Hills in South Dakota, and another reason production will fall for the next few months.

11/17 – Dickinson Press – Groundwater study shows no contaminationContinue reading “More good stuff on the Bakken – 11/25”

The wide open frontier of technology

Just like the wide open frontier of the American west after the Civil War, the technology world today provides tremendous opportunities.

Need to post something upbeat today after posting about the foolishness of IFRS accounting rules and a hit piece editorial on the Bakken.

11/12 – Seth Godin – An end of radioContinue reading “The wide open frontier of technology”

Editorial hit piece on Bakken presented as front page reporting

The New York Times ran an entertaining hit piece on the entire Bakken oil field with particular focus on the intentionally lackadaisical enforcement effort from the state. I learned of the front page article from some complimentary twitter comments, from which I guessed this was a major attack before even reading the first paragraph.

Check out The Downside of the Boom.

As I’ve expanded the horizons of my reading over the last four years, I’ve learned how to see the slant on articles. It’s easy to pick up on agendas if you read carefully, watch the choice of words, and assess the point of view. The goal in this report from the NYT is oh so obvious.

Million Dollar Way’s read is the same:

It was clearly an editorial which will be used by movers and shakers in Washington to support their case that the environment is too important to leave it up to state regulators.

Having said that, I believe my point of view is just as visible – since I’m not a professional journalist, I don’t try to hide my worldview when writing about an issue on which I have an opinion. You may thus filter my comments and the NYT article as you wish.

On to the article…

At a simple level, the adjectives and adverbs are slanted. The oil service roads “slash” through the landscape. That description is in a caption for a photo showing a peaceful farm in the foreground, pump jacks on the hill at the horizon, and not a service road in sight. The farmer with those slashed wheat fields is likely depositing checks for twenty or fifty thousand dollars each month.

Leaks in pipelines which are under federal and not state supervision are the fault of the previously mentioned lackadaisical state regulators. Keep in mind a federal agency is responsible for most pipelines and all the big pipes.

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Photojournalism site telling the story of North Dakota and the Bakken

Just found a wonderful site – Intersection Journal

Founder and photojournalist Chad Ziemendorf’s description:

Intersection Journal is an online magazine dedicated to capturing the culture, industry and way of life in Western North Dakota through photography and writing.  Optimized for the mobile generation, we celebrate living, working in and exploring the Peace Garden State.

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Update on marijuana regulation – #11

Legalization of marijuana in Colorado and Washington is a natural experiment to see what happens when the government lays heavy regulation on a brand new industry. It is also a natural experiment on how to handle an entire industry that moves from the shadows into the lawful world.

10/25 – The Feed – Colorado Thinks Twice on Pot? – Legalization in Colorado passed 55-44. Recent survey says 50% of people in survey think it wasn’t such a great idea.

Current prediction is the state will fall $20M short of the tax revenue forecast. That is one of the unintended consequences I expect to see and think it will be discussed a lot.

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Would you rather be in the middle class today or the richest man in the world in 1836?

If it was possible to choose, would you prefer to live life in the middle class, struggling to get by in a lousy economy with an uncertain retirement, or would you rather live the life of Nathan Rothschild, who was the richest man on the planet when he departed this life in 1836?

John Kay discusses this idea in his article, Precise inflation figures ignore evolutions in product quality and consumer choice.

Mr. Kay points out that Mr. Rothschild was richer than either John D Rockefeller or Bill Gates. He was the second richest man in all of history.

Before you say you’d rather live his life than yours, consider this:

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Amazon and Hachette resolve their contract dispute

11/13 – Wall Street Journal – Amazon, Hachette End Publishing Dispute – After an extended, public dispute, Amazon and the publisher Hachette have a multi-year agreement.

Terms are vaguely hinted at: Hachette will set retail prices of their books with Amazon giving higher payouts for lower prices. Will go into effect in 2015 but that should resolve the spat in advance of the 2014 Christmas shopping season. Both of them are highly motivated to move tons of product in the next six weeks.

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