Day: June 12, 2019

D-Day75 | Churchill and D-Day


‘RE-ligion for Rich People’: Green Guru – Michael Shellenberger Slams Hopelessly Unreliable Wind & Solar


Pope Pompous III: Now all hail and worship me, the wind & sun.

Environmentalists ready to slam never reliable wind and solar and back ever reliable nuclear are rare birds, indeed. Michael Shellenberger is such an animal.

Lauded by environmentalists in the US, Shellenberger is not so much crusading for the environment, but waging a war against the hypocritical and pompous who drive global warming alarmism; a group of virtue signalling jetsetters, dedicated to their mission of depriving reliable and affordable energy to all but themselves and their filthy rich peers.

Last week, that sanctimonious windbag, Al Gore dropped in to Brisbane to berate Australia’s ‘truculent turds’ for rejecting the Green/Labor Alliance’s plans to crush reliable and affordable energy – with a ludicrous 50% RET and crippling CO2 tax – and to wipe out coal mining and coal-fired power and the entire Australian economy, along with it.

So, it was…

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The $2.5 trillion reason we can’t rely on batteries to clean up the grid


By Paul Homewood

H/t Dave Ward

This article is reposted from MIT Energy Review:

The $2.5 trillion reason we can’t rely on batteries to clean up the grid

James Temple

A pair of 500-foot smokestacks rise from a natural-gas power plant on the harbor of Moss Landing, California, casting an industrial pall over the pretty seaside town.

If state regulators sign off, however, it could be the site of the world’s largest lithium-ion battery project by late 2020, helping to balance fluctuating wind and solar energy on the California grid.

The 300-megawatt facility is one of four giant lithium-ion storage projects that Pacific Gas and Electric, California’s largest utility, asked the California Public Utilities Commission to approve in late June. Collectively, they would add enough storage capacity to the grid to supply about 2,700 homes for a month (or to store about .0009 percent of the electricity the…

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Outside of Parliament, the cold water thrown over the Wellbeing Budget should dampen Robertson’s rapture

Point of Order

Finance Minister  Grant  Robertson   could not disguise the rapture that had seized him, when   he was questioned this week in  Parliament  on reactions  to   the budget.

He  was  excited,  apparently,   because  the government  had received  an  “overwhelming”  response from the people of  NZ to the  wellbeing budget.  There had  been a   vast  amount of  correspondence.

He cited   the  Salvation Army as  seeing the budget as   “a step on the path towards lifting New Zealanders out of poverty”  and the Children’s Commissioner  likewise  believing  it “takes seriously the need for a step-change in the way we support the wellbeing of NZ children”.

Good stuff, then, even though it  may  sound a bit  weird  to Kiwis   who  had believed their  country’s living standards  rank  reasonably   well  against  those of  other  developed  nations. 

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The Price of Everything, the Value of the Economy: A Clark Medal for Emi Nakamura!

A Fine Theorem

Fantastic and well-deserved news this morning with the Clark Medal being awarded to Emi Nakamura, who has recently moved from Columbia to Berkeley. Incredibly, Nakamura’s award is the first Clark to go to a macroeconomist in the 21st century. The Great Recession, the massive changes in global trade patterns, the rise of monetary areas like the Eurozone, the “savings glut” and its effect on interest rates, the change in openness to hot financial flows: it has been a wild twenty years for the macroeconomy in the two decades since Andrei Schleifer won the Clark. It’s hard to imagine what could be more important for an economist to understand than these patterns.

Something unusual has happened in macroeconomics over the past twenty years: it has become more like Industrial Organization! A brief history may be useful. The term macroeconomics is due to Ragnar Frisch, in his 1933 article on the

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