Willem Post's Blog – December 2017 Archive (5)

THE EU AND INTERNATIONAL TRADE

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…

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Added by Willem Post on December 20, 2017 at 10:00am — 2 Comments

SUBSIDIZED SOLAR SYSTEMS CAUSE CHRONIC BUDGET DEFICITS IN VERMONT

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.

4)…

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Added by Willem Post on December 16, 2017 at 9:00am — No Comments

UNILATERAL, REGRESSIVE CARBON TAXES A HEADWIND FOR THE VERMONT ECONOMY

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…

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Added by Willem Post on December 10, 2017 at 4:00pm — No Comments

CAPE WIND CANCELLED AS OF 1 DECEMBER 2017

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…

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Added by Willem Post on December 3, 2017 at 6:00pm — 1 Comment

WIND, PLUS SOLAR, PLUS STORAGE, IN NEW ENGLAND

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…

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Added by Willem Post on December 1, 2017 at 11:30am — No Comments

Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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 -- Mahatma Gandhi

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Vince Lombardi 

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