Most US economists do not worry about US trade deficits to a large degree. They claim trade imbalances are affected by a host of macroeconomic factors, including the relative economic growth rates of countries, the value of their currencies, and their saving and investment rates.
However, they often fail to acknowledge, US trade deficits could also be due to the US having negotiated bad trade agreements for decades, that enable “trading partners” to limit…Continue
Vermont has an anemic, near-zero, real-growth economy, which does not produce enough tax revenues year after year, partially due to the huge RE giveaways, such as:
1) Federal and state ITCs; upfront giveaways to offset any taxes.
2) Federal and state taxes not paid due to rapid depreciation write-offs during there first 6 years
3) Federal and state taxes not paid due to loan interest deducted from taxable profits.
Added by Willem Post on December 16, 2017 at 9:00am — No Comments
A wise person would advocate putting the horse before the car, i.e., first use less energy, then build-out the much lesser capacity systems needed for the energy still being used. This is so simple. Most people get it, but most pro-carbon tax folks do not.
Pro-carbon tax folks want to have the unilateral carbon tax now, so the state government would set up various programs, and folks would have to go through various hurdles to qualify to get some of their money back; most…Continue
Added by Willem Post on December 10, 2017 at 4:00pm — No Comments
Cape Wind, started in 2001, 468 MW, turnkey capital cost $2.6 billion, $5550/kW, to be located south of Nantucket, highly visible to many multi-millionaires summering on the Island, has finally been cancelled as of 1 December 2017.
The negotiated Cape Wind power purchase agreement called for 18.7 c/kWh the first year, increasing at 3.5% per year for 20 years, to reach 37.2 c/kWh in the 20th year. These are wholesale prices. The utility mandated to buy that expensive…Continue
Based on the plan of eliminating fossil fuel plants (they emit CO2 and particulates) and nuclear fuel plants (they are alleged to be dangerous) by 2050, the existing gas, nuclear, coal and oil generating plants would be decommissioned and no new ones would be built.
This would require huge build-outs of wind, solar, and storage systems, and increased electricity supply via external ties to adjacent grids.
The storage systems serve to cover wind and solar…Continue
Added by Willem Post on December 1, 2017 at 11:30am — No Comments