red states rule
10-24-2011, 03:22 AM
Obama promised he would transform America and he is doing just that. I guess he wants to make us more like Europe in so many ways
and that includes making our economy a "green" economy
Here is how that "green" thing is doing overseas.
snip
Guess what? Electricity prices have gone through the roof. The average U.K. household bill is a tad under $200 per month, and so the thermostat goes down. It’s pretty chilly there for much of the year, and a cold house has consequences. A study just came out today on the health costs of what they call “fuel poverty”, commissioned by the Energy and Climate Change Secretary (don’t we need one of those?), Chris Huhne. Bottom line: the chill from green taxes is now killing more Brits per year than car crashes.
London has suddenly awoken to the costs of indiscriminate greenness and is proposing to reduce the solar subsidies and — this is big — now threatens the multibillion dollar subsidies for its massive (and massively ugly) wind power scam.
That’s just the tip of the iceberg that the green Titanic has run into. Just this week:
Spain announced a 40% reduction in its wind power subsidy.
The European Commission’s energy department is questioning the wisdom of its go-it-alone global warming policies, citing loss of economic competitiveness.
The British government pulled the plug on its budget-bending carbon capture and storage facility. That’s where carbon dioxide from the combustion of coal is pulled out of the exhaust and sent back into the ocean floor. It sounds expensive and fanciful, and it is.
Japan announced it is reconsidering its plan to cut carbon dioxide by 25% in the next 8 years. Minister Nobutani, of the Global Environmental Affairs Office stated that “Japan’s wealth has been draining out” in its attempt to meet the target.
The price of carbon credits—what you buy as a “permit” to emit—has dropped off the table because the Greek and Italian (and soon, Spanish) crises are crashing the European economy. No one needs to buy a permit to emit carbon dioxide when the factory is down.
http://www.forbes.com/sites/patrickmichaels/2011/10/21/the-great-green-energy-crack-up/
and that includes making our economy a "green" economy
Here is how that "green" thing is doing overseas.
snip
Guess what? Electricity prices have gone through the roof. The average U.K. household bill is a tad under $200 per month, and so the thermostat goes down. It’s pretty chilly there for much of the year, and a cold house has consequences. A study just came out today on the health costs of what they call “fuel poverty”, commissioned by the Energy and Climate Change Secretary (don’t we need one of those?), Chris Huhne. Bottom line: the chill from green taxes is now killing more Brits per year than car crashes.
London has suddenly awoken to the costs of indiscriminate greenness and is proposing to reduce the solar subsidies and — this is big — now threatens the multibillion dollar subsidies for its massive (and massively ugly) wind power scam.
That’s just the tip of the iceberg that the green Titanic has run into. Just this week:
Spain announced a 40% reduction in its wind power subsidy.
The European Commission’s energy department is questioning the wisdom of its go-it-alone global warming policies, citing loss of economic competitiveness.
The British government pulled the plug on its budget-bending carbon capture and storage facility. That’s where carbon dioxide from the combustion of coal is pulled out of the exhaust and sent back into the ocean floor. It sounds expensive and fanciful, and it is.
Japan announced it is reconsidering its plan to cut carbon dioxide by 25% in the next 8 years. Minister Nobutani, of the Global Environmental Affairs Office stated that “Japan’s wealth has been draining out” in its attempt to meet the target.
The price of carbon credits—what you buy as a “permit” to emit—has dropped off the table because the Greek and Italian (and soon, Spanish) crises are crashing the European economy. No one needs to buy a permit to emit carbon dioxide when the factory is down.
http://www.forbes.com/sites/patrickmichaels/2011/10/21/the-great-green-energy-crack-up/