When water is on, people are gathering some in spare buckets for use later. The water (when available) is brownish and is making members of one quoted family sick. Many people say either lack of washing or the water itself is causing illness.
The bad news just keeps rolling in on how much damage is caused by wind and solar power. An update on the proposal to allow wind projects to kill off a bunch of eagles, more followup on an Ivanpah tower starting itself on fire, and negative electricity prices in Germany.
Proposed rule will extend to 30 years from 5 years the amount of time that wind farm operators are allowed to kill eagles. This will allow taking out up to 4,200 bald eagles a year out of the estimated 72,400 living in the US today.
One woman says she has not been able to buy milk, sugar, or corn flour in about the last five months. Toilet paper, soap, and deodorant are very difficult to find as well, she said.
Article tells of supply trucks on their way to a grocery store being looted. There are 107 episodes of looting reported so far in 2016.
Article says many people are spending all their time trying to find food in the stores.
Update: 5/20 – Fortune – Coke Has Suspended All Production in Venezuela– The lack of sugar has led Coca-Cola FENSA to suspend production of all products in Venezuela. Article says this is the largest individual bottler in the world.
This follows the Polar Group, the largest beverage and food company in the country shutting down production of beer a month ago.
What caused this horrible humanitarian disaster? Here are two new explanations.
We finally know what caused all the suffering
1.It’s the fault of the political opposition
Aha! The Associated Press finally explains the cause of the economic collapse. It is the fault of the opposition political party creating a political standoff. They made this mess, not the current government.
Things are bad and likely to get far worse for the people living in Venezuela. More reports of looting are appearing in news stories. Read between the lines on the comment from a mayor who says that dogs and cats are disappearing from the streets.
Article reports on several specific stores being looted with comments there have been many more in the last two weeks. There is so little food and when available it is expensive. More people are slipping into severe hunger. Widespread looting is the expected next step in the collapse of the country.
The mayor of Chacao in Caracas said the cats and dogs in the city are disappearing. Pigeons as well. That is traditionally a sign of famine.
Renewable energy sources are unreliable because the output is variable and unpredictable. They also require massive subsidies to underwrite installation and production. Here are a few articles I’ve noted that describe the economic and environmental damage from unreliables.
Residential solar power only works because of massive subsidies. Federal taxpayers must provide subsidies through federal tax credits, state taxpayers must provide subsidies through state incentives, and electricity users must provide subsidies through net-metering. If any subsidy goes away, the economics of residential solar collapse.
Article makes the point one more time: unreliable renewables only with heavy subsidies. When Nevada announced plans to cut back the massive cross-subsidy from other consumers, solar installers closed up shop in the state.
Here’s why. Look at the payment given to solar-customers for electricity their site produces but doesn’t use:
What did socialists use before candles? Electricity.
Before tree leaves? Toilet paper.
Before the telegraph? Telephone and email.
Was planning to hold on to this post for a while, but the bad news is piling up too fast. Need to print this while it is still of readable length.
Bonus question for the day: What economic system is in place in Venezuela that is producing these results?
4/15 – Yahoo News – In Venezuela, no toilet paper and now lousy phone service– The government distributes dollars as it wishes. It has not provided enough dollars to telephone companies and cable companies for them in turn to pay their providers. As a result several international telecoms have cut off long-distance services to the country. In addition vendors providing cable channels are cutting their services because they haven’t been paid.
As a result, telephone service is deteriorating and the number of channels available on cable TV is dropping.
If you are so interested, you can now watch the sad story as it plays out in Venezuela.
2/3 – Wall Street Journal – Inflation-Wrought Venezuela Orders Bank Notes by the Planeload– Usually governments deal with out-of-control inflation by adding two or three zeros to the currency. Instead of the largest bill in circulation being a 100 unit note, the next run of currency is for a 10,000 unit note. In six months or a year there will be a 500,000 or 1,000,000 note in circulation.
Article says the Venezuelan government isn’t doing that because to do so would acknowledge the astronomical inflation. As the saying goes, denial isn’t just a river in Egypt.
Instead of acknowledging that inflation is running out of control, the government of Venezuela is flooding the economy with the same denomination note. In the last several months of 2014, the article says there were three dozen flights of 747s into the country hauling nothing but currency. Over 30 cargo holds filled with currency.
The cause of extending the Great Depression, according to the economists, was the National Industrial Recovery Act (NIRA) which protected industries from antitrust prosecution in return for adopting collective bargaining agreements. The result was unions drove up wages beyond where the market would have set them, companies were intentionally not prosecuted for collusion, thus companies cooperated in setting prices, which in turn drove up prices to consumers. As a result consumers had much more difficulty affording stuff and therefore actually bought less stuff, which further contracted the economy.
The Frank-Dodd Act of 2010 requires companies to report whether there are any conflict minerals in their supply chain. This would include any gold, tin, tantalum, or tungsten originating in the Democratic Republic of Congo. The feel-good intention is to hurt militia groups funding their violence by selling those minerals.
The completely foreseeable yet unintended consequences are to hurt poor people, slightly inconvenience the militia warlords, and impose huge costs on American businesses. Oh, and starting next year, generate huge fees to CPAs.
Here’s a quick tour of articles to make my point. First some background:
Williston city and Williams County are working to cut back mancamp housing, which will have the expected unintended consequence of putting upward pressure on housing prices. The new airport in Williston is moving forward. Biggest news is indication that newest wells aren’t seeing production deplete as rapidly as in the past. Continue reading “News from around the Bakken – 7/27”
I have a backlog of energy articles. That allows me to group comments together. Today’s focus: the morality of ethanol assessed based on the damage it causes.
12/17/14 – CBS Minnesota – U of M Study Finds Ethanol Worse for Air Quality Than Gasoline – When measured at the tailpipe, ethanol-laden gasoline measures about the same as regular gasoline. Study from the University of Minnesota says that when you count all of the inputs to grow corn and turn it into ethanol it is far worse for the environment than plain gasoline.